# EDGAR Filing Document

**Accession Number:** 0001724517
**File Stem:** 0001724517-25-000005
**Filing Date:** 2025-8
**Character Count:** 9003
**Document Hash:** 0abacda3e79604c17dd39e2a85c0a464
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001724517-25-000005.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001724517-25-000005

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250805

**EFFECTIVENESS DATE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ovata Capital Management Ltd
- **CENTRAL INDEX KEY:** 0001724517

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** K3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20015
- **FILM NUMBER:** 251186973

**BUSINESS ADDRESS:**
- **STREET 1:** 7TH FLOOR HONG KONG LI-NING BUILDING
- **STREET 2:** 218 ELECTRIC ROAD
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 00000
- **BUSINESS PHONE:** 85238903030

**MAIL ADDRESS:**
- **STREET 1:** 7TH FLOOR HONG KONG LI-NING BUILDING
- **STREET 2:** 218 ELECTRIC ROAD
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 00000

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Ovata Capital Management Ltd<br>**Address:** 7TH FLOOR HONG KONG LI-NING BUILDING<br>218 ELECTRIC ROAD<br>HONG KONG, K3 00000

**Form 13F File Number:** 028-20015

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Nicholas Bloom<br>**Title:** Chief Operating Officer<br>**Phone:** 85238903030

**Signature, Place, and Date of Signing:**

Nicholas Bloom  Hong Kong, K3  08-05-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 45

**Form 13F Information Table Value Total:** $462104179

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| BHP Group Ltd | SPONSORED ADS | 088606108 | BBG000BD5NZ4 | 897151 | 18701 | SH |  | SOLE |  | 18701 | 0 | 0 |
| FiscalNote Holdings Inc | *W EXP 07/29/202 | 337655112 | BBG00YC6YVH4 | 19338 | 194545 | SH |  | SOLE |  | 194545 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Co Ltd | SPONSORED ADS | 874039100 | BBG000BD8ZK0 | 48227172 | 218258 | SH |  | SOLE |  | 218258 | 0 | 0 |
| Rio Tinto PLC | SPONSORED ADR | 767204100 | BBG000FD28T3 | 7752203 | 132471 | SH |  | SOLE |  | 132471 | 0 | 0 |
| HDFC Bank Ltd | SPONSORED ADS | 40415F101 | BBG000NWKS18 | 29282069 | 380196 | SH |  | SOLE |  | 380196 | 0 | 0 |
| Wipro Ltd | SPON ADR 1 SH | 97651M109 | BBG000BDFT17 | 5333241 | 1719500 | SH |  | SOLE |  | 1719500 | 0 | 0 |
| Trip.com Group Ltd | ADS | 89677Q107 | BBG000CWKYS8 | 667619 | 11493 | SH |  | SOLE |  | 11493 | 0 | 0 |
| Fidelity Wise Origin Bitcoin Fund | SHS | 315948109 | BBG01KY66PW6 | 27730863 | 295558 | SH |  | SOLE |  | 295558 | 0 | 0 |
| Bitwise Bitcoin ETF | SHS BEN INT | 09174C104 | BBG01KY66LW5 | 2337380 | 39977 | SH |  | SOLE |  | 39977 | 0 | 0 |
| POSCO Holdings Inc | SPONSORED ADR | 693483109 | BBG000BCBSD2 | 4606550 | 95000 | SH |  | SOLE |  | 95000 | 0 | 0 |
| Infosys Ltd | SPONSORED ADR | 456788108 | BBG000BSGQL7 | 21683216 | 1160848 | SH |  | SOLE |  | 1160848 | 0 | 0 |
| Agenus Inc | COM NEW | 00847G804 | BBG000C8SWQ9 | 146240 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| iShares Bitcoin Trust ETF | SHS BEN INT | 46438F101 | BBG01KYQ6PV3 | 69761388 | 1142805 | SH |  | SOLE |  | 1142805 | 0 | 0 |
| Grayscale Bitcoin Mini Trust ETF | SHS NEW | 389930207 | BBG01NX635X7 | 27107413 | 567872 | SH |  | SOLE |  | 567872 | 0 | 0 |
| ASE Technology Holding Co Ltd | SPONSORED ADS | 00215W100 | BBG00KLHL9W6 | 6258725 | 601130 | SH |  | SOLE |  | 601130 | 0 | 0 |
| Alibaba Group Holding Ltd | SPONSORED ADS | 01609W102 | BBG006G2JVL2 | 15927798 | 142342 | SH |  | SOLE |  | 142342 | 0 | 0 |
| ICICI Bank Ltd | ADR | 45104G104 | BBG000DRM643 | 4858948 | 144100 | SH |  | SOLE |  | 144100 | 0 | 0 |
| NetEase Inc | SPONSORED ADS | 64110W102 | BBG000BX72V8 | 1034841 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| Bilibili Inc | SPONS ADS REP Z | 090040106 | BBG00K7T3037 | 429000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| Alphabet Inc | CAP STK CL C | 02079K107 | BBG009S3NB30 | 638604 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| NIKE Inc | CL B | 654106103 | BBG000C5HS04 | 331046 | 4660 | SH |  | SOLE |  | 4660 | 0 | 0 |
| Li Auto Inc | SPONSORED ADR | 50202M102 | BBG00W0KZD98 | 381656 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| Mastercard Inc | CL A | 57636Q104 | BBG000F1ZSQ2 | 505746 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| Ryanair Holdings PLC | SPONSORED ADR | 783513203 | BBG000J9CBT0 | 24704538 | 428055 | SH |  | SOLE |  | 428055 | 0 | 0 |
| Woodside Energy Group Ltd | SPONSORED ADR | 980228308 | BBG000BSYPK0 | 857536 | 55600 | SH |  | SOLE |  | 55600 | 0 | 0 |
| Simplify China A Shares PLUS Income ETF | CHINA A SHS PLUS | 82889N384 | BBG01RQWJHF6 | 10877217 | 360000 | SH |  | SOLE |  | 360000 | 0 | 0 |
| IAC Inc | COM NEW | 44891N208 | BBG00S1LR2C3 | 2057359 | 55098 | SH |  | SOLE |  | 55098 | 0 | 0 |
| Chagee Holdings Ltd | SPONSORED ADS | 15743P104 | BBG01T2HRQH0 | 587475 | 22500 | SH |  | SOLE |  | 22500 | 0 | 0 |
| Hologic Inc | COM | 436440101 | BBG000C3NTN5 | 514373 | 7894 | SH |  | SOLE |  | 7894 | 0 | 0 |
| AZEK Co Inc/The | CL A | 05478C105 | BBG00RPJPN67 | 10973700 | 201908 | SH |  | SOLE |  | 201908 | 0 | 0 |
| HEICO Corp | COM | 422806109 | BBG000BL16Q7 | 1293750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| Palo Alto Networks Inc | COM | 697435105 | BBG0014GJCT9 | 1002736 | 4900 | SH |  | SOLE |  | 4900 | 0 | 0 |
| JBS NV | CL A SHS | N4732M103 | BBG01V30BCK5 | 1759175 | 120409 | SH |  | SOLE |  | 120409 | 0 | 0 |
| Beyond Meat Inc | NOTE 3/1 | 08862EAB5 | BBG00ZHF0G31 | 203182 | 2300000 | SH |  | SOLE |  | 2300000 | 0 | 0 |
| H World Group Ltd | NOTE 3.000% 5/0 | 44332NAB2 | BBG00TR60PJ7 | 13769210 | 13000000 | SH |  | SOLE |  | 13000000 | 0 | 0 |
| Wayfair Inc | NOTE 3.500%11/1 | 94419LAR2 | BBG01GKTVK17 | 4057620 | 3000000 | SH |  | SOLE |  | 3000000 | 0 | 0 |
| NIO Inc | NOTE 3.875%10/1 | 62914VAJ5 | BBG01JG01V90 | 2211263 | 3075000 | SH |  | SOLE |  | 3075000 | 0 | 0 |
| NIO Inc | NOTE 4.625%10/1 | 62914VAK2 | BBG01JG05PL5 | 6081520 | 9500000 | SH |  | SOLE |  | 9500000 | 0 | 0 |
| Weibo Corp | NOTE 1.375%12/0 | 948596AJ0 | BBG01KD6JSQ6 | 11308400 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| ZTO Express Cayman Inc | NOTE 1.500% 9/0 | 98980AAB1 | BBG019CGTBY7 | 8945010 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| PDD Holdings Inc | NOTE 12/0 | 722304AC6 | BBG00Y78WSB1 | 3914240 | 4000000 | SH |  | SOLE |  | 4000000 | 0 | 0 |
| JD.com Inc | NOTE 0.250% 6/0 | 47215PAJ5 | BBG01N0D01K4 | 12543960 | 12000000 | SH |  | SOLE |  | 12000000 | 0 | 0 |
| Trip.com Group Ltd | NOTE 0.750% 6/1 | 89677QAB3 | BBG01N60FK73 | 8547924 | 7700000 | SH |  | SOLE |  | 7700000 | 0 | 0 |
| Sea Ltd | NOTE 2.375%12/0 | 81141RAF7 | BBG00TZNDS47 | 6447204 | 3631000 | SH |  | SOLE |  | 3631000 | 0 | 0 |
| Alibaba Group Holding Ltd | NOTE 0.500% 6/0 | 01609WBG6 | BBG01N1MQQS2 | 53528580 | 42000000 | SH |  | SOLE |  | 42000000 | 0 | 0 |

---