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Portfolio (Quarterly) Guide ↗

NINE MASTS CAPITAL Ltd

· CIK 0001569356
13F Portfolio $693M AUM 249 positions Filed May 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 204 New 24 Added 16 Reduced 75 Exited
Page 6 of 11  ·  204 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 CWAN PUT CLEARWATER ANALYTICS HLDGS I Technology 369,000.0 $78K 0.01% NEW $0.21 +11479.5%
102 CZR CALL CAESARS ENTERTAINMENT INC NE Consumer Cyclical 70,000.0 $74K 0.01% NEW $1.05 +2650.2%
103 SST SYSTEM1 INC Industrials 18,548.0 $56K 0.01% NEW $3.02 -6.8%
104 PIII P3 HEALTH PARTNERS INC Healthcare 17,964.0 $55K 0.01% NEW $3.08 +416.2%
105 GALT GALECTIN THERAPEUTICS INC Healthcare 19,324.0 $54K 0.01% NEW $2.79 -5.6%
106 IGV CALL ISHARES TR 420,000.0 $52K 0.01% NEW $0.12 +76408.9%
107 VZ CALL VERIZON COMMUNICATIONS INC Communication Services 12,300.0 $51K 0.01% NEW $4.18 +1054.4%
108 ACH ACCENDRA HEALTH INC Healthcare 22,373.0 $51K 0.01% NEW $2.28 +25.4%
109 BMEA BIOMEA FUSION INC Healthcare 32,472.0 $50K 0.01% NEW $1.53 -10.1%
110 FF FUTUREFUEL CORP Basic Materials 12,782.0 $49K 0.01% NEW $3.85 +6.6%
111 IGV PUT ISHARES TR 25,000.0 $49K 0.01% NEW $1.95 +4804.4%
112 OUTLOOK THERAPEUTICS INC 232,546.0 $48K 0.01% NEW $0.21
113 PRQR PROQR THRAPEUTICS N V Healthcare 29,518.0 $48K 0.01% NEW $1.62 -3.1%
114 IRWD IRONWOOD PHARMACEUTICALS INC Healthcare 13,527.0 $47K 0.01% NEW $3.51 +3.6%
115 NFLX CALL NETFLIX INC. Communication Services 7,500.0 $47K 0.01% NEW $6.28 +1275.3%
116 CURV TORRID HLDGS INC Consumer Cyclical 26,011.0 $46K 0.01% NEW $1.78 -9.0%
117 LINEAGE CELL THERAPEUTICS IN 29,194.0 $46K 0.01% NEW $1.58
118 FLNA FILANA THERAPEUTICS INC Healthcare 27,107.0 $46K 0.01% NEW $1.69 -11.4%
119 INOVIO PHARMACEUTICALS INC 26,317.0 $46K 0.01% NEW $1.74
120 OABI OMNIAB INC Healthcare 29,062.0 $46K 0.01% NEW $1.57 +65.3%
Page 6 of 11  ·  204 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Communication Services 37.3%
Financial Services 23.2%
Technology 15.9%
Industrials 7.1%
Utilities 4.9%
Healthcare 3.9%
Consumer Cyclical 3.4%
Consumer Defensive 2.6%
Energy 1.7%
Real Estate 0.0%