# EDGAR Filing Document

**Accession Number:** 0001569356
**File Stem:** 0001569356-26-000001
**Filing Date:** 2026-2
**Character Count:** 16963
**Document Hash:** da71d97ea92b1b8f7e744bd53f99aa13
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001569356-26-000001.hdr.sgml**: 20260210

**ACCESSION NUMBER**: 0001569356-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260210

**DATE AS OF CHANGE**: 20260210

**EFFECTIVENESS DATE**: 20260210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NINE MASTS CAPITAL Ltd
- **CENTRAL INDEX KEY:** 0001569356

**ORGANIZATION NAME:**
- **EIN:** 980691159

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16783
- **FILM NUMBER:** 26614243

**BUSINESS ADDRESS:**
- **STREET 1:** LEVEL 20, ONE IFC
- **STREET 2:** 1 HARBOUR VIEW STREET
- **CITY:** CENTRAL
- **STATE:** K3
- **ZIP:** HONG KONG
- **BUSINESS PHONE:** 852 2105 5800

**MAIL ADDRESS:**
- **STREET 1:** LEVEL 20, ONE IFC
- **STREET 2:** 1 HARBOUR VIEW STREET
- **CITY:** CENTRAL
- **STATE:** K3
- **ZIP:** HONG KONG

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** NINE MASTS CAPITAL Ltd<br>**Address:** LEVEL 20 ONE IFC<br>1 HARBOUR VIEW STREET<br>CENTRAL, K3 HONG KONG

**Form 13F File Number:** 028-16783

**CRD Number (if applicable):** 000162024

**SEC File Number (if applicable):** 802-75667

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:** Irene Backenhorn<br>**Title:** Chief Compliance Officer<br>**Phone:** 8-522-105-5803

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

/s/  Irene Backenhorn  Hong Kong, K3  02-10-2026<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:** 120

**Form 13F Information Table Value Total:** $580733966

      (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 |
| ABIVAX SA | SPONSORED ADS | 00370M103 | BBG01JLQNZV9 | 539420 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ACCURAY INC | COM | 004397105 | BBG001SFHKJ0 | 20782 | 25202 | SH |  | SOLE |  | 25202 | 0 | 0 |
| ACTINIUM PHARMACEUTICALS INC | COM | 00507W206 | BBG001SV3L17 | 17598 | 12940 | SH |  | SOLE |  | 12940 | 0 | 0 |
| ACUMEN PHARMACEUTICALS INC | COM | 00509G209 | BBG0058YJ326 | 22444 | 10637 | SH |  | SOLE |  | 10637 | 0 | 0 |
| ADVANTAGE SOLUTIONS INC | COM CL A | 00791N102 | BBG00PPWZ8G3 | 30791 | 34990 | SH |  | SOLE |  | 34990 | 0 | 0 |
| AES CORP | COM | 00130H105 | BBG001S6B1L5 | 557826 | 38900 | SH |  | SOLE |  | 38900 | 0 | 0 |
| AGILON HEALTH INC | COM | 00857U107 | BBG00HCYVQR3 | 21017 | 30517 | SH |  | SOLE |  | 30517 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | NOTE 0.500% 6/0 | 01609WBG6 |  | 97996500 | 63000 | PRN |  | SOLE |  | 63000 | 0 | 0 |
| ALX ONCOLOGY HLDGS INC | COM | 00166B105 | BBG00VR8SF73 | 17487 | 15475 | SH |  | SOLE |  | 15475 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 | BBG00LNJRQ18 | 542100 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| AMICUS THERAPEUTICS INC | COM | 03152W109 | BBG001SN96V9 | 712000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| APARTMENT INVT  MGMT CO | CL A | 03748R747 | BBG001S876N3 | 712800 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| ASE TECHNOLOGY HLDG CO LTD | SPONSORED ADS | 00215W100 | BBG00KLHLBL3 | 11907866 | 739619 | SH |  | SOLE |  | 739619 | 0 | 0 |
| AVIDITY BIOSCIENCES INC | COM | 05370A108 | BBG00FQ7LXX0 | 5682834 | 78786 | SH |  | SOLE |  | 78786 | 0 | 0 |
| AXALTA COATING SYS LTD | COM | G0750C108 | BBG0060CPLK3 | 1292400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 | BBG001SNBKD5 | 2588505 | 19811 | SH |  | SOLE |  | 19811 | 0 | 0 |
| BIT DIGITAL INC | SHS | G1144A105 | BBG00JM2HWD6 | 21374 | 11309 | SH |  | SOLE |  | 11309 | 0 | 0 |
| BITCOIN DEPOT INC | COM | 09174P105 | BBG014C512J9 | 21417 | 16602 | SH |  | SOLE |  | 16602 | 0 | 0 |
| BRIDGER AEROSPACE GRP HLDGS | COM | 96812F102 | BBG019M64MF2 | 25067 | 13698 | SH |  | SOLE |  | 13698 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | BBG001S6VV46 | 1954929 | 34475 | SH |  | SOLE |  | 34475 | 0 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 | BBG001S5P686 | 1096012 | 31549 | SH |  | SOLE |  | 31549 | 0 | 0 |
| C4 THERAPEUTICS INC | COM STK | 12529R107 | BBG00BV2Y9C6 | 21912 | 11472 | SH |  | SOLE |  | 11472 | 0 | 0 |
| CALAMOS STRATEGIC TOTAL RETU | COM SH BEN INT | 128125101 | BBG001SC0HR3 | 531130 | 27663 | SH |  | SOLE |  | 27663 | 0 | 0 |
| CANTALOUPE INC | COM | 138103106 | BBG001S96MW7 | 2977455 | 280363 | SH |  | SOLE |  | 280363 | 0 | 0 |
| CARNIVAL PLC | ADS | 14365C103 | BBG001SG8WT1 | 1678311 | 55335 | SH |  | SOLE |  | 55335 | 0 | 0 |
| CHART INDS INC | COM | 16115Q308 | BBG001SQV7W4 | 4096759 | 19865 | SH |  | SOLE |  | 19865 | 0 | 0 |
| CLEAR CHANNEL OUTDOOR HLDGS | COM | 18453H106 | BBG001SY0WV7 | 37437 | 16940 | SH |  | SOLE |  | 16940 | 0 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 | BBG012C765M3 | 1672071 | 69323 | SH |  | SOLE |  | 69323 | 0 | 0 |
| CSG SYS INTL INC | COM | 126349109 | BBG001S8QQ76 | 1533800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 | BBG006Q52QW1 | 18468222 | 41403 | SH |  | SOLE |  | 41403 | 0 | 0 |
| DAYFORCE INC | COM | 15677J108 | BBG005D7PF43 | 5109472 | 73879 | SH |  | SOLE |  | 73879 | 0 | 0 |
| DHI GROUP INC | COM | 23331S100 | BBG001SRZL39 | 27674 | 17854 | SH |  | SOLE |  | 17854 | 0 | 0 |
| DOCGO INC | COM | 256086109 | BBG00YB8JBL7 | 18551 | 21133 | SH |  | SOLE |  | 21133 | 0 | 0 |
| DYNAVAX TECHNOLOGIES CORP | COM NEW | 268158201 | BBG001S7HTB7 | 378794 | 24629 | SH |  | SOLE |  | 24629 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 | BBG001S5T5C9 | 1641587 | 8034 | SH |  | SOLE |  | 8034 | 0 | 0 |
| ELME COMMUNITIES | SH BEN INT | 939653101 | BBG001S5XJD3 | 616882 | 35453 | SH |  | SOLE |  | 35453 | 0 | 0 |
| EXACT SCIENCES CORP | COM | 30063P105 | BBG001SGCLB9 | 9517899 | 93717 | SH |  | SOLE |  | 93717 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 1021205 | 8486 | SH |  | SOLE |  | 8486 | 0 | 0 |
| FATE THERAPEUTICS INC | COM | 31189P102 | BBG001T888S2 | 19107 | 19445 | SH |  | SOLE |  | 19445 | 0 | 0 |
| FISCALNOTE HOLDINGS INC | *W EXP 07/29/202 | 337655112 |  | 9133 | 299447 | PRN |  | SOLE |  | 299447 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 | BBG00JHNKKR3 | 42410653 | 653175 | SH |  | SOLE |  | 653175 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 | BBG010MVVVX6 | 1142100 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | BBG01BFR8YW0 | 519925 | 6339 | SH |  | SOLE |  | 6339 | 0 | 0 |
| GETTY IMAGES HOLDINGS INC | CL A COM | 374275105 | BBG017RQJJH6 | 28097 | 20968 | SH |  | SOLE |  | 20968 | 0 | 0 |
| GOLDEN MATRIX GROUP INC | COM | 381098300 | BBG001T45XK7 | 37356 | 46648 | SH |  | SOLE |  | 46648 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 | BBG001SD6SM6 | 10111684 | 205929 | SH |  | SOLE |  | 205929 | 0 | 0 |
| HAIN CELESTIAL GROUP INC | COM | 405217100 | BBG001SBCKV0 | 23362 | 21834 | SH |  | SOLE |  | 21834 | 0 | 0 |
| HF FOODS GROUP INC | COM | 40417F109 | BBG00HMS9NG9 | 24310 | 11307 | SH |  | SOLE |  | 11307 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 | BBG001S6HWB2 | 3724500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| INTERNATIONAL MNY EXPRESS IN | COM | 46005L101 | BBG00G6D5NH5 | 691200 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 19016291 | 40453 | PRN |  | SOLE |  | 40453 | 0 | 0 |
| INVESCO SR INCOME TR | COM | 46131H107 | BBG001SB0BV3 | 398963 | 122007 | SH |  | SOLE |  | 122007 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | BBG01KYQ6QS5 | 93799475 | 1889214 | SH |  | SOLE |  | 1889214 | 0 | 0 |
| ISHARES ETHEREUM TR | SHS | 46438R105 | BBG01NXX8HZ5 | 4378179 | 195193 | SH |  | SOLE |  | 195193 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 | BBG00GSNPMQ9 | 1880109 | 39523 | SH |  | SOLE |  | 39523 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 | BBG005YHY0R6 | 7860643 | 273890 | SH |  | SOLE |  | 273890 | 0 | 0 |
| KALTURA INC | COM | 483467106 | BBG001V0G9Z7 | 30852 | 18812 | SH |  | SOLE |  | 18812 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 | BBG001SM6C41 | 534703 | 55295 | SH |  | SOLE |  | 55295 | 0 | 0 |
| KENVUE INC | COM | 49177J102 | BBG01C79X614 | 3344137 | 193863 | SH |  | SOLE |  | 193863 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | DEB 3.750% 2/1 | 530715AL5 |  | 714000 | 10200 | PRN |  | SOLE |  | 10200 | 0 | 0 |
| LIFEZONE METALS LIMITED | ORD SHS | G5568L109 | BBG01BYWMNC8 | 54267 | 12709 | SH |  | SOLE |  | 12709 | 0 | 0 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CH6 | 1880 | 45400 | SH | Put | SOLE |  | 45400 | 0 | 0 |
| LISTED FDS TR | ROUNDHILL MAGNIF | 53656G498 | BBG01G5ZXS48 | 1207662 | 18309 | SH |  | SOLE |  | 18309 | 0 | 0 |
| LUNAI BIOWORKS INC | COM SHS | 29350E203 | BBG0060CNMH7 | 21355 | 24220 | SH |  | SOLE |  | 24220 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 | BBG001T8LMY9 | 828156 | 19126 | SH |  | SOLE |  | 19126 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 77500 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 121293 | 20300 | SH | Put | SOLE |  | 20300 | 0 | 0 |
| NETEASE INC | SPONSORED ADS | 64110W102 | BBG001SCVWD1 | 583879 | 4235 | SH |  | SOLE |  | 4235 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 1323610 | 14117 | SH |  | SOLE |  | 14117 | 0 | 0 |
| NIO INC | NOTE 4.625%10/1 | 62914VAK2 |  | 17036250 | 19250 | PRN |  | SOLE |  | 19250 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 | BBG00LPXZBW5 | 2419950 | 474500 | SH |  | SOLE |  | 474500 | 0 | 0 |
| NN INC | COM | 629337106 | BBG001S7RDF7 | 28700 | 22422 | SH |  | SOLE |  | 22422 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 46441189 | 160852 | SH |  | SOLE |  | 160852 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 1701067 | 9121 | SH |  | SOLE |  | 9121 | 0 | 0 |
| OFFERPAD SOLUTIONS INC | COM CL A | 67623L307 | BBG00Y082T38 | 34345 | 28384 | SH |  | SOLE |  | 28384 | 0 | 0 |
| OVID THERAPEUTICS INC | COM | 690469101 | BBG009F0TD85 | 22755 | 13960 | SH |  | SOLE |  | 13960 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 | BBG00LBLDFH8 | 746787 | 6586 | SH |  | SOLE |  | 6586 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 | BBG001SF6W88 | 4861403 | 410245 | SH |  | SOLE |  | 410245 | 0 | 0 |
| PLAYSTUDIOS INC | CLASS A COM | 72815G108 | BBG00Y1RQ9N1 | 28988 | 44494 | SH |  | SOLE |  | 44494 | 0 | 0 |
| PMV PHARMACEUTICALS INC | COM | 69353Y103 | BBG007NM4862 | 20759 | 16607 | SH |  | SOLE |  | 16607 | 0 | 0 |
| PRENETICS GLOBAL LTD | *W EXP 05/18/202 | G72245114 |  | 10185 | 362456 | PRN |  | SOLE |  | 362456 | 0 | 0 |
| PROKIDNEY CORP | SHS CL A | 74291D104 | BBG0119BQ3S7 | 22947 | 10244 | SH |  | SOLE |  | 10244 | 0 | 0 |
| PULMONX CORP | COM | 745848101 | BBG001T4HJ52 | 22334 | 10106 | SH |  | SOLE |  | 10106 | 0 | 0 |
| QORVO INC | COM | 74736K101 | BBG007TJF1P5 | 14193962 | 167956 | SH |  | SOLE |  | 167956 | 0 | 0 |
| RACKSPACE TECHNOLOGY INC | COM | 750102105 | BBG00W0JYQR3 | 39066 | 40237 | SH |  | SOLE |  | 40237 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | CL A SHS | G7500M104 | BBG0120WN0W2 | 5133302 | 908549 | SH |  | SOLE |  | 908549 | 0 | 0 |
| REZOLVE AI PLC | ORD SHS | G75398100 | BBG017XHWWT2 | 39581 | 15401 | SH |  | SOLE |  | 15401 | 0 | 0 |
| RING ENERGY INC | COM | 76680V108 | BBG001SNHQJ0 | 17827 | 20491 | SH |  | SOLE |  | 20491 | 0 | 0 |
| ROADZEN INC | ORD SHS | G7606H108 | BBG013FXFZC6 | 27255 | 11309 | SH |  | SOLE |  | 11309 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 | BBG001SB07J6 | 9494501 | 131521 | SH |  | SOLE |  | 131521 | 0 | 0 |
| SABA CAPITAL INCOME  OPRNT | SHS NEW | 78518H202 | BBG001S6Q335 | 382339 | 54542 | SH |  | SOLE |  | 54542 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 409131 | 4095 | SH |  | SOLE |  | 4095 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 | BBG001SBSZ95 | 755807 | 18243 | SH |  | SOLE |  | 18243 | 0 | 0 |
| SEER INC | COM CL A | 81578P106 | BBG00HPLTRS7 | 19674 | 10751 | SH |  | SOLE |  | 10751 | 0 | 0 |
| SELECTQUOTE INC | COM | 816307300 | BBG001SQZ7Z7 | 23567 | 16714 | SH |  | SOLE |  | 16714 | 0 | 0 |
| SEMRUSH HLDGS INC | CL A COM | 81686C104 | BBG00Z6S6285 | 1189000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 1165010 | 7605 | SH |  | SOLE |  | 7605 | 0 | 0 |
| SK TELECOM CO LTD | SPONSORED ADR | 78440P306 | BBG001S91DP0 | 528606 | 25748 | SH |  | SOLE |  | 25748 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 71014467 | 104139 | SH |  | SOLE |  | 104139 | 0 | 0 |
| SPORTSMANS WHSE HLDGS INC | COM | 84920Y106 | BBG002G8Q1J9 | 53906 | 36922 | SH |  | SOLE |  | 36922 | 0 | 0 |
| STRIVE INC | CL A COM | 862945102 | BBG019HGLNF5 | 19455 | 26362 | SH |  | SOLE |  | 26362 | 0 | 0 |
| TEGNA INC | COM | 87901J105 | BBG001S5RHD4 | 893442 | 46030 | SH |  | SOLE |  | 46030 | 0 | 0 |
| TELA BIO INC | COM | 872381108 | BBG004CH7Z69 | 19453 | 16486 | SH |  | SOLE |  | 16486 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 | BBG00629NGW8 | 778180 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| TILLYS INC | CL A | 886885102 | BBG001VGVK71 | 57346 | 28817 | SH |  | SOLE |  | 28817 | 0 | 0 |
| TWO HBRS INVT CORP | COM | 90187B804 | BBG001T4RH00 | 850500 | 81000 | SH |  | SOLE |  | 81000 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 | BBG001S5V9J1 | 4179361 | 70981 | SH |  | SOLE |  | 70981 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 338361 | 4141 | SH |  | SOLE |  | 4141 | 0 | 0 |
| UNIVERSAL ELECTRS INC | COM | 913483103 | BBG001S77GV4 | 45417 | 12581 | SH |  | SOLE |  | 12581 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 | BBG001SB54S8 | 756016 | 16277 | SH |  | SOLE |  | 16277 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 | BBG001SB54S8 | 16445 | 11500 | SH | Put | SOLE |  | 11500 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 | BBG001S7BCF6 | 6770828 | 13548 | SH |  | SOLE |  | 13548 | 0 | 0 |
| W  T OFFSHORE INC | COM | 92922P106 | BBG001SLLWL3 | 20750 | 12730 | SH |  | SOLE |  | 12730 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 7258288 | 251849 | SH |  | SOLE |  | 251849 | 0 | 0 |
| WM TECHNOLOGY INC | COM | 92971A109 | BBG00PT7WC69 | 26473 | 32084 | SH |  | SOLE |  | 32084 | 0 | 0 |
| WOODSIDE ENERGY GROUP LTD | SPONSORED ADR | 980228308 | BBG001S5WCY6 | 535002 | 34317 | SH |  | SOLE |  | 34317 | 0 | 0 |
| WOORI FINL GROUP INC | SPONSORED ADS | 981064108 | BBG00MYXJJT8 | 286190 | 4868 | SH |  | SOLE |  | 4868 | 0 | 0 |
| XAI OCTAGN FLT RAT  ALT INM | COM | 98400T106 | BBG00HMS4SD6 | 258259 | 53804 | SH |  | SOLE |  | 53804 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 | BBG00NNG2ZK6 | 37972 | 16022 | SH |  | SOLE |  | 16022 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 | BBG009NRSWK2 | 9652857 | 141496 | SH |  | SOLE |  | 141496 | 0 | 0 |

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