Segantii Capital Management Ltd

HONG KONG, K3 · CIK 1544676 · 13F filing filed 2024-05-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyHong Kong

$1.0bn reported value -38.2% vs Q4 2023

89positions

64.5%in top 10

26 new 11 added 20 reduced 71 sold out vs Q4 2023

Options: 3 call positions ($116.6m notional), 1 put positions ($395.2m notional) – listed below, not included above.

This report includes the holdings of 2 other managers that share the investment decisions:

Segantii Capital Management (UK) Ltd – reports through this filing
Segantii Capital Management (USA) LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	WESTROCK CO COM WRK	WRK	2,375,000	$117.4m11.49%	11.49%	Reduced -532.6k	-532,561 -18.3%
2	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	1,500,477	$107.8m10.54%	10.54%	Added +575.3k	+575,295 62.2%
3	ANSYS INC COM ANSS	ANSS	201,000	$69.8m6.82%	6.82%	Added +159.0k	+159,000 378.6%
4	KRANESHARES TRUST CSI CHI INTERNET KWEB	KWEB	2,470,000	$64.9m6.35%	6.35%	Unchanged
5	ZTO EXPRESS CAYMAN INC NOTE 1.500% 9/0 · principal ZTO 1.5 09.01.27 · principal	ZTO 1.5 09.01.27	63,200,000	$61.8m6.05%	6.05%	Reduced -4.8m	-4,800,000 -7.1%
6	HESS CORP COM HES	HES	397,000	$60.6m5.93%	5.93%	Reduced -362.0k	-362,000 -47.7%
7	H WORLD GROUP LTD NOTE 3.000% 5/0 · principal HTHT 3 05.01.26 · principal	HTHT 3 05.01.26	46,700,000	$54.6m5.34%	5.34%	Unchanged
8	CEREVEL THERAPEUTICS HLDNG I COM CERE	CERE	1,143,426	$48.3m4.73%	4.73%	Added +548.9k	+548,907 92.3%
9	AMEDISYS INC COM AMED	AMED	420,000	$38.7m3.79%	3.79%	Added +75.2k	+75,205 21.8%
10	HDFC BANK LTD SPONSORED ADS HDB	HDB	640,000	$35.5m3.47%	3.47%	New
11	BLOCK INC NOTE 0.125% 3/0 · principal XYZ 0.125 03.01.25 · principal	XYZ 0.125 03.01.25	26,500,000	$27.1m2.65%	2.65%	Added +21.5m	+21,500,000 430.0%
12	ZAI LAB LTD ADR ZLAB	ZLAB	1,555,931	$24.9m2.44%	2.44%	Reduced -131.6k	-131,638 -7.8%
13	LI AUTO INC SPONSORED ADS LI	LI	729,700	$22.6m2.21%	2.21%	Added +125.8k	+125,800 20.8%
14	ALBERTSONS COS INC COMMON STOCK ACI	ACI	975,000	$20.9m2.04%	2.04%	Reduced -3.2m	-3,150,207 -76.4%
15	NCL CORP LTD NOTE 5.375% 8/0 · principal NCLH 5.375 08.01.25 · principal	NCLH 5.375 08.01.25	15,000,000	$19.8m1.94%	1.94%	Unchanged
16	CYTOKINETICS INC COM NEW CYTK	CYTK	210,000	$14.7m1.44%	1.44%	New
17	CATALENT INC COM CTLT	CTLT	250,000	$14.1m1.38%	1.38%	New
18	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	175,000	$13.5m1.32%	1.32%	Reduced -522.7k	-522,673 -74.9%
19	REPLIGEN CORP NOTE 1.000%12/1 · principal NOTE 1.000%12/1 · principal		10,500,000	$11.8m1.16%	1.16%	Reduced -4.5m	-4,500,000 -30.0%
20	AXONICS INC COM AXNX	AXNX	165,000	$11.4m1.11%	1.11%	New
21	RIO TINTO PLC SPONSORED ADR RIO	RIO	175,000	$11.0m1.08%	1.08%	New
22	JUNIPER NETWORKS INC COM JNPR	JNPR	291,675	$10.8m1.06%	1.06%	New
23	FOX CORP CL B COM FOX	FOX	370,000	$10.6m1.04%	1.04%	New
24	LIBERTY GLOBAL LTD COM CL A LBTYA	LBTYA	560,000	$9.5m0.93%	0.93%	Reduced -192.8k	-192,772 -25.6%
25	MORPHOSYS AG SPONSORED ADS SPONSORED ADS		463,466	$8.4m0.82%	0.82%	New
26	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	60,000	$8.2m0.80%	0.80%	New
27	MAKEMYTRIP LIMITED MAURITIUS SHS MMYT	MMYT	103,500	$7.4m0.72%	0.72%	Reduced -28.0k	-28,000 -21.3%
28	ICICI BANK LIMITED ADR IBN	IBN	277,000	$7.3m0.71%	0.71%	Added +147.0k	+147,000 113.1%
29	LAS VEGAS SANDS CORP COM LVS	LVS	135,000	$7.0m0.68%	0.68%	Reduced -115.0k	-115,000 -46.0%
30	TRIP COM GROUP LTD ADS TCOM	TCOM	150,300	$6.6m0.65%	0.65%	New
31	TELEPHONE & DATA SYS INC COM NEW TDS	TDS	375,000	$6.0m0.59%	0.59%	Reduced -123.3k	-123,300 -24.7%
32	FERGUSON PLC NEW SHS FERG1GBX	FERG1GBX	25,000	$5.5m0.53%	0.53%	Added +2.5k	+2,500 11.1%
33	INFOSYS LTD SPONSORED ADR INFY	INFY	300,000	$5.4m0.53%	0.53%	New
34	BAIDU INC SPON ADR REP A BIDU	BIDU	50,000	$5.2m0.51%	0.51%	New
35	PETROLEO BRASILEIRO SA PETRO SPONSORED ADR PBR	PBR	340,000	$5.2m0.51%	0.51%	New
36	CNH INDL N V SHS CNH	CNH	375,000	$4.9m0.48%	0.48%	New
37	XPENG INC ADS XPEV	XPEV	550,000	$4.5m0.44%	0.44%	Reduced -600.0k	-600,000 -52.2%
38	POSCO HOLDINGS INC SPONSORED ADR PKX	PKX	57,700	$4.5m0.44%	0.44%	Unchanged
39	LIBERTY MEDIA CORP DEL COM LBTY SRM S A COM LBTY SRM S A		150,000	$4.5m0.44%	0.44%	Reduced -500.0k	-500,000 -76.9%
40	CADELER A S SPON ADR CDLR	CDLR	200,000	$3.6m0.35%	0.35%	Reduced -300.0k	-300,000 -60.0%
41	IAC INC COM NEW PPLI	PPLI	60,000	$3.2m0.31%	0.31%	Added +5.0k	+5,000 9.1%
42	BROOKFIELD RENEWABLE CORP CL A SUB VTG CL A SUB VTG		125,000	$3.1m0.30%	0.30%	New
43	LIBERTY MEDIA CORP DEL COM LBTY LIV S C COM LBTY LIV S C		70,000	$3.1m0.30%	0.30%	New
44	LIBERTY MEDIA CORP DEL COM LBTY LIV S A COM LBTY LIV S A		70,000	$3.0m0.29%	0.29%	New
45	LIBERTY MEDIA CORP DEL COM LBTY ONE S A FWONA	FWONA	50,000	$2.9m0.29%	0.29%	Added +17.2k	+17,242 52.6%
46	JD.COM INC SPON ADS CL A JD	JD	100,000	$2.8m0.27%	0.27%	Reduced -40.0k	-40,000 -28.6%
47	GRAB HOLDINGS LIMITED CLASS A ORD GRAB	GRAB	609,000	$1.9m0.19%	0.19%	New
48	NEWMONT CORP COM NEM	NEM	50,000	$1.8m0.18%	0.18%	New
49	LIONS GATE ENTMNT CORP CL B NON VTG CL B NON VTG		183,100	$1.7m0.17%	0.17%	Unchanged
50	BLUE OCEAN ACQUISITION CORP W EXP 12/02/202 W EXP 12/02/202		150,000	$1.7m0.16%	0.16%	Unchanged
51	YUM CHINA HLDGS INC COM YUMC	YUMC	40,000	$1.6m0.16%	0.16%	New
52	NETEASE INC SPONSORED ADS NTES	NTES	14,000	$1.5m0.14%	0.14%	Reduced -26.0k	-26,000 -65.0%
53	BARCLAYS BANK PLC IPTH SR B S&P IPTH SR B S&P		100,000	$1.3m0.13%	0.13%	New
54	BHP GROUP LTD SPONSORED ADS BHP	BHP	21,568	$1.2m0.12%	0.12%	Reduced -16.3k	-16,330 -43.1%
55	KOSMOS ENERGY LTD COM KOS	KOS	200,000	$1.2m0.12%	0.12%	Reduced -88.0k	-88,000 -30.6%
56	CANNAE HLDGS INC COM CNNE	CNNE	50,000	$1.1m0.11%	0.11%	New
57	CENTRAL GARDEN & PET CO CL A NON-VTG CENTA	CENTA	30,000	$1.1m0.11%	0.11%	Added +8.0k	+8,000 36.4%
58	UNDER ARMOUR INC CL A UAA	UAA	150,000	$1.1m0.11%	0.11%	New
59	CONSTELLATION ACQUISITN CORP *W EXP 01/29/202 CSTWF	CSTWF	66,667	$743.3k0.07%	0.07%	Unchanged
60	SOHO HOUSE & CO INC COM CL A SHCO	SHCO	125,000	$708.8k0.07%	0.07%	New
61	FREIGHTOS LTD *W EXP 99/99/999 CRGOW	CRGOW	287,575	$704.6k0.07%	0.07%	Reduced -162.4k	-162,425 -36.1%
62	FINNOVATE ACQUISITION CORP W EXP 09/30/202 W EXP 09/30/202		56,250	$632.2k0.06%	0.06%	Unchanged
63	ZILLOW GROUP INC CL A ZG	ZG	13,000	$622.2k0.06%	0.06%	New
64	ALTENERGY ACQUISITION CORP *W EXP 10/29/202 AEAEW	AEAEW	50,000	$560.0k0.05%	0.05%	Unchanged
65	NOBLE ROCK ACQUISITION CORP W EXP 01/31/202 W EXP 01/31/202		50,000	$550.5k0.05%	0.05%	Unchanged
66	ROTH CH ACQUISITION V CO W EXP 12/10/202 W EXP 12/10/202		50,000	$547.5k0.05%	0.05%	Unchanged
67	EXCELFIN ACQUISITION CORP W EXP 10/25/202 W EXP 10/25/202		50,000	$546.5k0.05%	0.05%	Unchanged
68	OCA ACQUISITION CORP W EXP 01/14/202 W EXP 01/14/202		50,000	$541.0k0.05%	0.05%	Unchanged
69	GLOBAL PARTNER ACQISTN CORP W EXP 01/14/202 W EXP 01/14/202		41,666	$470.0k0.05%	0.05%	Unchanged
70	BLUERIVER ACQUISITION CORP *W EXP 01/04/202 BLUAW	BLUAW	41,416	$448.5k0.04%	0.04%	Unchanged
71	BATTERY FUTURE ACQUISITION C W EXP 99/99/999 W EXP 99/99/999		38,813	$426.9k0.04%	0.04%	Unchanged
72	LEARN CW INVESTMENT COR W EXP 10/08/202 W EXP 10/08/202		35,000	$383.9k0.04%	0.04%	Unchanged
73	ENPHYS ACQUISITION CORP W EXP 99/99/999 W EXP 99/99/999		26,760	$289.5k0.03%	0.03%	Unchanged
74	GLOBAL TECHNOLGY ACQSTN CORP W EXP 10/19/202 W EXP 10/19/202		25,000	$279.8k0.03%	0.03%	Unchanged
75	GREIF INC CL B GEF.B	GEF.B	4,000	$278.1k0.03%	0.03%	Unchanged
76	TASTEMAKER ACQUISITION CORP W EXP 01/07/202 W EXP 01/07/202		25,000	$276.2k0.03%	0.03%	Unchanged
77	FOCUS IMPACT ACQUISITION COR W EXP 10/28/202 W EXP 10/28/202		25,000	$275.8k0.03%	0.03%	Unchanged
78	IHS HOLDING LIMITED ORD SHS IHS	IHS	74,672	$263.6k0.03%	0.03%	Reduced -170.3k	-170,328 -69.5%
79	ZTO EXPRESS CAYMAN INC SPONSORED ADS A ZTO	ZTO	11,200	$234.5k0.02%	0.02%	New
80	PATRIA LATIN AMRCN OPPRNTY A W EXP 02/23/202 W EXP 02/23/202		20,000	$225.8k0.02%	0.02%	Unchanged
81	KERNEL GROUP HOLDINGS INC W EXP 02/02/202 W EXP 02/02/202		16,762	$180.2k0.02%	0.02%	Unchanged
82	KISMET ACQUISITION TWO CORP W EXP 06/30/202 W EXP 06/30/202		15,000	$164.6k0.02%	0.02%	Unchanged
83	MAWSON INFRASTRUCTURE GROUP COM COM		100,000	$153.0k0.01%	0.01%	Unchanged
84	RMG ACQUISITION CORP III *W EXP 02/08/202 RMGWF	RMGWF	15,000	$150.0k0.01%	0.01%	Unchanged
85	TKB CRITICAL TECHNOLOGIES 1 *W EXP 10/20/202 SHAZW	SHAZW	12,500	$139.4k0.01%	0.01%	Unchanged
86	IRIS ACQUISITION CORP W EXP 02/28/202 W EXP 02/28/202		12,500	$132.8k0.01%	0.01%	Unchanged
87	OSIRIS ACQUISITION CORP W EXP 05/01/202 W EXP 05/01/202		7,785	$82.5k0.01%	0.01%	Unchanged
88	CARTICA ACQUISITION CORP *W EXP 04/30/202 CRTWF	CRTWF	150,000	$16.6k0.00%	0.00%	Unchanged
89	GOAL ACQUISITIONS CORP *W EXP 02/11/202 PUCKW	PUCKW	30,000	$3240.00%	0.00%	Unchanged

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
UNITED STATES STL CORP NEW X	X	1,415,000	$68.8m1.4m shares
MONGODB INC MDB 0.25 01.15.26	MDB 0.25 01.15.26	33,786,000	$66.9m33.8m shares
CAPRI HOLDINGS LIMITED CPRI	CPRI	938,000	$47.1m938.0k shares
PDD HOLDINGS INC PDD 0 12.01.25	PDD 0 12.01.25	30,000,000	$31.0m30.0m shares
TXNM ENERGY INC TXNM	TXNM	736,439	$30.6m736.4k shares
MIDDLEBY CORP MIDD 1 09.01.25	MIDD 1 09.01.25	22,500,000	$27.5m22.5m shares
IROBOT CORP IRBT	IRBT	684,397	$26.5m684.4k shares
KARUNA THERAPEUTICS INC		74,613	$23.6m74.6k shares
HOLLYSYS AUTOMATION TCHNGY L HOLI	HOLI	759,892	$20.0m759.9k shares
CINEMARK HLDGS INC CNK 4.5 08.15.25	CNK 4.5 08.15.25	15,000,000	$18.4m15.0m shares
KENVUE INC KVUE	KVUE	822,500	$17.7m822.5k shares
MANCHESTER UTD PLC NEW MANU	MANU	860,000	$17.5m860.0k shares
GUIDEWIRE SOFTWARE INC GWRE 1.25 03.15.25	GWRE 1.25 03.15.25	15,468,000	$17.2m15.5m shares
INSMED INC INSM 0.75 06.01.28	INSM 0.75 06.01.28	15,000,000	$17.2m15.0m shares
AMERICAN AIRLINES GROUP INC AAL 6.5 07.01.25	AAL 6.5 07.01.25	15,000,000	$17.1m15.0m shares
ARRAY TECHNOLOGIES INC ARRY 1 12.01.28	ARRY 1 12.01.28	17,100,000	$16.9m17.1m shares
DROPBOX INC DBX 0 03.01.28	DBX 0 03.01.28	15,444,000	$15.6m15.4m shares
CONMED CORP CNMD 2.25 06.15.27	CNMD 2.25 06.15.27	15,000,000	$15.0m15.0m shares
INSULET CORP PODD 0.375 09.01.26	PODD 0.375 09.01.26	12,000,000	$13.8m12.0m shares
LCI INDS LCII 1.125 05.15.26	LCII 1.125 05.15.26	14,000,000	$13.8m14.0m shares
IMMUNOGEN INC IMGN	IMGN	415,000	$12.3m415.0k shares
LIVE NATION ENTERTAINMENT IN LYV 2 02.15.25	LYV 2 02.15.25	10,000,000	$10.7m10.0m shares
BLACKLINE INC BL 0.125 08.01.24	BL 0.125 08.01.24	10,000,000	$10.3m10.0m shares
ENVESTNET INC ENV 0.75 08.15.25	ENV 0.75 08.15.25	10,000,000	$9.4m10.0m shares
MARATHON DIGITAL HOLDINGS IN MARA 1 12.01.26	MARA 1 12.01.26	10,000,000	$8.6m10.0m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	8,900	$395.2m8.9k shares	New
SYNOPSYS INC SNPS · Call	SNPS	Call	1,300	$74.3m1.3k shares	New
HESS CORP HES · Call	HES	Call	2,512	$38.3m2.5k shares	New
CHEVRON CORP NEW CVX · Call	CVX	Call	250	$3.9m250 shares	New