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NMC

Nine Masts Capital Portfolio holdings

AUM $693M
1-Year Est. Return 31.93%
This Fund
S&P 500
This Quarter Est. Return
+13.64%
1 Year Est. Return
+31.93%
3 Year Est. Return
+76.49%
5 Year Est. Return
+38.28%
10 Year Est. Return
+77.77%
AUM
$244M
AUM Growth
-$30.5M
Cap. Flow
-$54.6M
Cap. Flow %
-22.41%
Top 10 Hldgs %
75.74%
Holding
117
New
24
Increased
10
Reduced
16
Closed
41

Top Buys

Rank Stock Value
1
FOX icon
Fox Class B
FOX
+$21.7M
2
CUK
Carnival PLC
CUK
+$18.3M
3
HDB icon
HDFC Bank
HDB
+$14M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$9.49M
5
COOP
Mr. Cooper
COOP
+$8.98M

Top Sells

Rank Stock Value
1
IBIT icon
iShares Bitcoin Trust
IBIT
+$73M
2
TGT icon
Target
TGT
+$27M
3
LBRDK icon
Liberty Broadband Class C
LBRDK
+$9.96M
4
HES
Hess
HES
+$9.7M
5
RYAAY icon
Ryanair
RYAAY
+$6.18M

Sector Composition

Rank Sector Weight
1 Communication Services 40.57%
2 Financials 14.74%
3 Consumer Discretionary 8.38%
4 Materials 6.81%
5 Technology 6.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMD icon
76
Advanced Micro Devices
AMD
$700B
– –
-2,822
Closed -$455K
AMLP icon
77
Alerian MLP ETF
AMLP
$12.9B
– –
-10,100
Closed -$493K
ANSS
78
DELISTED
Ansys
ANSS
– –
-7,065
Closed -$2.48M
BEP icon
79
Brookfield Renewable
BEP
$9.6B
– –
-217,639
Closed -$5.55M
BPMC
80
DELISTED
Blueprint Medicines
BPMC
– –
-6,000
Closed -$769K
BRK.A icon
81
Berkshire Hathaway Class A
BRK.A
$1.1T
– –
-4
Closed -$2.92M
CNA icon
82
CNA Financial
CNA
$14.9B
– –
-24,790
Closed -$1.15M
CORZ icon
83
Core Scientific
CORZ
$5.82B
– –
-30,000
Closed -$512K
DKS icon
84
CALL
Dick's Sporting Goods
DKS
$18.4B
– –
-10,400
Closed -$139K
DNB
85
DELISTED
Dun & Bradstreet
DNB
– –
-37,475
Closed -$341K
EW icon
86
Edwards Lifesciences
EW
$49.4B
– –
-400,000
Closed -$5.06M
EXPE icon
87
Expedia Group
EXPE
$36.5B
– –
-6,583
Closed -$1.11M
GEHC icon
88
GE HealthCare
GEHC
$32.5B
– –
-4,316
Closed -$322K
HES
89
DELISTED
Hess
HES
– –
-70,000
Closed -$9.7M
HOLX
90
DELISTED
Hologic
HOLX
– –
-7,000
Closed -$456K
IBIT icon
91
iShares Bitcoin Trust
IBIT
$47.2B
– –
-1,193,390
Closed -$73M
IPG
92
DELISTED
Interpublic Group of Companies
IPG
– –
-49,330
Closed -$1.21M
JD icon
93
JD.com
JD
$43.5B
– –
-101,873
Closed -$3.33M
K
94
DELISTED
Kellanova
K
– –
-56,783
Closed -$4.52M
LBRDK icon
95
Liberty Broadband Class C
LBRDK
$4.89B
– –
-101,209
Closed -$9.96M
LIN icon
96
CALL
Linde
LIN
$236B
– –
-11,000
Closed -$58.3K
MAGS icon
97
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$3.78B
– –
-53,725
Closed -$2.98M
MDT icon
98
Medtronic
MDT
$112B
– –
-7,643
Closed -$703K
MMYT icon
99
MakeMyTrip
MMYT
$5.38B
– –
-15,600
Closed -$1.53M
NOW icon
100
CALL
ServiceNow
NOW
$120B
– –
-10,000
Closed -$45.9K
1 2 3
4
5

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CL
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CPA
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IIC
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MCM
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SSA
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WC
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WIM
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Nine Masts Capital's Q3 2025 Portfolio in Review

As of Q3 2025, Nine Masts Capital held 117 positions worth $244M, down 11% from $274M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Nine Masts Capital withdrew a net $54.6M in Q3 2025, closing 41 positions and reducing 16 holdings. Its most notable exit was iShares Bitcoin Trust, an estimated $73M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 41% of assets, up from 21% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Nine Masts Capital opened a new position in Carnival PLC worth $17.6M.

  • Nine Masts Capital's largest Q3 2025 buy was Carnival PLC: 665,643 shares worth $17.6M.
  • Nine Masts Capital added most to Fox Class B in Q3 2025, an estimated $21.7M increase.
  • Nine Masts Capital's biggest Q3 2025 reduction was Ryanair, cutting an estimated $6.18M.
  • Nine Masts Capital fully exited iShares Bitcoin Trust in Q3 2025, selling an estimated $73M.
  • Nine Masts Capital's ten largest holdings make up 76% of its $244M portfolio in Q3 2025.
  • Nine Masts Capital opened 24 new positions and closed 41 in Q3 2025.
  • Nine Masts Capital's portfolio value fell 11% quarter-over-quarter to $244M.

Based on Nine Masts Capital's 13F filing for Q3 2025, filed 13 Nov 2025.