Ovata Capital Management Ltd

HONG KONG, K3 · CIK 1724517 · 13F filing filed 2026-07-30

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

$1.3bn reported value +86.2% vs Q1 2026

43positions

64.7%in top 10

27 new 8 added 7 reduced 22 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Ovata Capital Management LLC – reports through this filing

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

Holdings, Q2 2026

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	SEAGATE HDD CAYMAN NOTE 3.500% 6/0 STX 3.5 06.01.28	STX 3.5 06.01.28	30,559,000	$357.3m26.81%	26.81%	New
2	WEC ENERGY GROUP INC NOTE 4.375% 6/0 WEC 4.375 06.01.27	WEC 4.375 06.01.27	70,000,000	$84.7m6.36%	6.36%	Added +42.6m	+42,591,000 155.4%
3	PPL CAP FDG INC NOTE 2.875% 3/1 PPL 2.875 03.15.28	PPL 2.875 03.15.28	67,500,000	$76.6m5.75%	5.75%	Added +17.5m	+17,500,000 35.0%
4	CLOUDFLARE INC NOTE 8/1 NET 0 08.15.26	NET 0 08.15.26	55,000,000	$70.9m5.32%	5.32%	New
5	HDFC BANK LTD SPONSORED ADS HDB	HDB	1,972,276	$50.6m3.80%	3.80%	Reduced -14.1k	-14,085 -0.7%
6	RYANAIR HOLDINGS PLC SPONSORED ADR RYAAY	RYAAY	731,344	$47.2m3.54%	3.54%	Reduced -589.6k	-589,582 -44.6%
7	WAYFAIR INC NOTE 3.250% 9/1 W 3.25 09.15.27	W 3.25 09.15.27	30,684,000	$46.9m3.52%	3.52%	New
8	PINNACLE WEST CAP CORP NOTE 4.750% 6/1 PNW 4.75 06.15.27	PNW 4.75 06.15.27	37,000,000	$44.3m3.32%	3.32%	Added +14.5m	+14,500,000 64.4%
9	AKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 AKAM 0.375 09.01.27	AKAM 0.375 09.01.27	35,000,000	$42.1m3.16%	3.16%	New
10	ORMAT TECHNOLOGIES INC NOTE 2.500% 7/1 ORA 2.5 07.15.27	ORA 2.5 07.15.27	32,562,000	$40.9m3.07%	3.07%	Added +25.1m	+25,062,000 334.2%
11	ECHOSTAR CORP NOTE 3.875%11/3 ECHO 3.875 11.30.30	ECHO 3.875 11.30.30	12,500,000	$39.2m2.94%	2.94%	New
12	SOUTHERN CO NOTE 4.500% 6/1 SO 4.5 06.15.27	SO 4.5 06.15.27	34,000,000	$37.5m2.82%	2.82%	Added +14.5m	+14,500,000 74.4%
13	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	1,108,805	$36.8m2.76%	2.76%	Reduced -34.0k	-34,000 -3.0%
14	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 BABA 0.5 06.01.31	BABA 0.5 06.01.31	30,500,000	$36.0m2.70%	2.70%	Added +4.5m	+4,500,000 17.3%
15	ETSY INC NOTE 0.125%10/0 ETSY 0.125 10.01.26	ETSY 0.125 10.01.26	33,000,000	$33.6m2.53%	2.53%	New
16	ASE TECHNOLOGY HLDG CO LTD SPONSORED ADS ASX	ASX	729,047	$31.1m2.34%	2.34%	Added +514.7k	+514,727 240.2%
17	SOFI TECHNOLOGIES INC NOTE 10/1 NOTE 10/1		27,995,000	$28.8m2.16%	2.16%	New
18	PEBBLEBROOK HOTEL TR NOTE 1.750%12/1 PEB 1.75 12.15.26	PEB 1.75 12.15.26	27,718,000	$27.5m2.06%	2.06%	New
19	LANTHEUS HLDGS INC NOTE 2.625%12/1 LNTH 2.625 12.15.27	LNTH 2.625 12.15.27	18,500,000	$27.0m2.03%	2.03%	New
20	PTC THERAPEUTICS INC NOTE 1.500% 9/1 PTCT 1.5 09.15.26	PTCT 1.5 09.15.26	14,080,000	$21.8m1.64%	1.64%	New
21	LYFT INC NOTE 0.625% 3/0 LYFT 0.625 03.01.29	LYFT 0.625 03.01.29	15,000,000	$15.7m1.18%	1.18%	New
22	STARWOOD PPTY TR INC NOTE 6.750% 7/1 STWD 6.75 07.15.27	STWD 6.75 07.15.27	15,000,000	$15.3m1.15%	1.15%	Reduced -500.0k	-500,000 -3.2%
23	GRAYSCALE BITCOIN MINI TR ET SHS NEW BTC	BTC	551,872	$14.3m1.08%	1.08%	Reduced -16.0k	-16,000 -2.8%
24	UBER TECHNOLOGIES INC NOTE 5/1 UBER 0 05.15.28	UBER 0 05.15.28	12,232,000	$14.2m1.06%	1.06%	New
25	FIDELITY WISE ORIGIN BITCOIN SHS FBTC	FBTC	265,558	$13.5m1.02%	1.02%	Reduced -30.0k	-30,000 -10.2%
26	SHIFT4 PMTS INC NOTE 0.500% 8/0 FOUR 0.5 08.01.27	FOUR 0.5 08.01.27	12,500,000	$11.9m0.90%	0.90%	New
27	ICICI BANK LIMITED ADR IBN	IBN	399,984	$11.6m0.87%	0.87%	New
28	JBS N.V. CL A SHS JBS	JBS	756,939	$9.0m0.67%	0.67%	New
29	UPWORK INC NOTE 0.250% 8/1 UPWK 0.25 08.15.26	UPWK 0.25 08.15.26	8,329,000	$8.3m0.62%	0.62%	New
30	ECHOSTAR CORP CL A ECHO	ECHO	60,000	$6.1m0.46%	0.46%	New
31	ALARM COM HLDGS INC NOTE 2.250% 6/0 ALRM 2.25 06.01.29	ALRM 2.25 06.01.29	6,000,000	$5.7m0.43%	0.43%	New
32	MARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 VAC 3.25 12.15.27	VAC 3.25 12.15.27	5,000,000	$4.9m0.37%	0.37%	New
33	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	170,754	$4.6m0.34%	0.34%	Added +73.8k	+73,800 76.1%
34	PERSHING SQUARE USA LTD COM SHS PSUS	PSUS	115,073	$4.3m0.32%	0.32%	New
35	LIBERTY LIVE HOLDINGS INC COM SHS SER C LLYVK	LLYVK	28,852	$3.0m0.23%	0.23%	New
36	WAYFAIR INC NOTE 1.000% 8/1 W 1 08.15.26	W 1 08.15.26	2,500,000	$2.5m0.19%	0.19%	New
37	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		101,560	$1.6m0.12%	0.12%	Unchanged
38	IAC INC COM NEW PPLI	PPLI	30,312	$1.4m0.11%	0.11%	New
39	INTEL CORP COM INTC	INTC	9,000	$1.3m0.09%	0.09%	New
40	INFOSYS LTD SPONSORED ADR INFY	INFY	100,062	$1.1m0.08%	0.08%	New
41	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	6,400	$614.3k0.05%	0.05%	Reduced -26.4k	-26,407 -80.5%
42	SANDISK CORP COM SNDK	SNDK	160	$363.8k0.03%	0.03%	New
43	ELI LILLY & CO COM LLY	LLY	200	$239.9k0.02%	0.02%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
JAZZ INVESTMENTS I LTD JAZZ 2 06.15.26	JAZZ 2 06.15.26	68,136,000	$83.0m68.1m shares
TAIWAN SEMICONDUCTOR MFG LTD TSM	TSM	218,101	$70.1m218.1k shares
COINBASE GLOBAL INC COIN 0.5 06.01.26	COIN 0.5 06.01.26	32,944,000	$32.7m32.9m shares
CENTERPOINT ENERGY INC CNP 4.25 08.15.26	CNP 4.25 08.15.26	14,000,000	$16.6m14.0m shares
MKS INC. MKSI 1.25 06.01.30	MKSI 1.25 06.01.30	10,000,000	$16.6m10.0m shares
NEXTERA ENERGY INC NEE 7.375 02.15.29	NEE 7.375 02.15.29	250,000	$12.6m250.0k shares
WHIRLPOOL CORP WHR 8.5 02.15.29 A	WHR 8.5 02.15.29 A	300,000	$12.4m300.0k shares
UNDER ARMOUR INC UAA	UAA	1,398,745	$8.3m1.4m shares
H WORLD GROUP LTD HTHT 3 05.01.26	HTHT 3 05.01.26	6,000,000	$8.1m6.0m shares
NIO INC NIO 4.625 10.15.30	NIO 4.625 10.15.30	7,500,000	$7.4m7.5m shares
LI AUTO INC LI 0.25 05.01.28	LI 0.25 05.01.28	6,000,000	$6.0m6.0m shares
TRIP COM GROUP LTD TCOM	TCOM	115,045	$5.6m115.0k shares
TOPGOLF CALLAWAY BRANDS CORP CALY 2.75 05.01.26	CALY 2.75 05.01.26	4,000,000	$4.0m4.0m shares
IQIYI INC IQ 4.625 03.15.30	IQ 4.625 03.15.30	4,000,000	$3.7m4.0m shares
SUNOCOCORP LLC SUNC	SUNC	52,200	$3.2m52.2k shares
FLOWCO HLDGS INC FLOC	FLOC	144,000	$3.0m144.0k shares
SEALED AIR CORP NEW		70,449	$3.0m70.4k shares
BAIDU INC BIDU	BIDU	25,700	$2.8m25.7k shares
LI AUTO INC LI	LI	29,000	$500.9k29.0k shares
SONY GROUP CORP SONY	SONY	20,000	$402.0k20.0k shares
HONDA MOTOR LTD HMC	HMC	14,062	$332.3k14.1k shares
BEYOND MEAT INC BYND 7 10.15.30	BYND 7 10.15.30	405,000	$273.4k405.0k shares