We are live on
!
Find out more
NMC
Nine Masts Capital Portfolio holdings
AUM
$693M
1-Year Est. Return
31.93%
This Fund
S&P 500
This Quarter
Est. Return
+0.32%
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
$581M
AUM Growth
+$337M
(+138%)
Cap. Flow
+$210M
Cap. Flow
% of AUM
36.14%
Top 10 Holdings %
Top 10 Hldgs %
74.44%
Holding
170
New
91
Increased
8
Reduced
13
Closed
50
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Bitcoin Trust
IBIT
|
+$107M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$70.4M |
| 3 |
Norfolk Southern
NSC
|
+$46.5M |
| 4 |
CYBR
CyberArk
CYBR
|
+$19.9M |
| 5 |
Qorvo
QRVO
|
+$14.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$52.6M |
| 2 |
HDFC Bank
HDB
|
+$19.4M |
| 3 |
CUK
Carnival PLC
CUK
|
+$15.7M |
| 4 |
COOP
Mr. Cooper
COOP
|
+$10.3M |
| 5 |
Diageo
DEO
|
+$7.53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 11.87% |
| 2 | Technology | 11.7% |
| 3 | Industrials | 10.35% |
| 4 | Healthcare | 5.42% |
| 5 | Consumer Discretionary | 2.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
151
PUT
Charles Schwab
SCHW
$182B
| – | – |
-31,500
| Closed | -$37.2K |
|
152
Shopify
SHOP
$168B
| – | – |
-11,000
| Closed | -$1.63M |
|
|
153
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| – | – |
-200,000
| Closed | -$2.46M |
|
|
154
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| – | – |
-20,000
| Closed | -$69.3K |
|
155
CALL
Target
TGT
$66.3B
| – | – |
-25,000
| Closed | -$556K |
|
|
156
PUT
Target
TGT
$66.3B
| – | – |
-27,500
| Closed | -$19.5K |
|
157
PUT
Trade Desk
TTD
$8.97B
| – | – |
-20,500
| Closed | -$1.35M |
|
158
CALL
Unity
U
$14B
| – | – |
-100,000
| Closed | -$1.57M |
|
|
159
PUT
Unity
U
$14B
| – | – |
-100,000
| Closed | -$20.5K |
|
160
CALL
Vale
VALE
$62.3B
| – | – |
-100,000
| Closed | -$5.21M |
|
161
CALL
Warner Bros
WBD
$64.3B
| – | – |
-175,000
| Closed | -$1.37M |
|
|
162
PUT
Warner Bros
WBD
$64.3B
| – | – |
-210,000
| Closed | -$24.1K |
|
163
CALL
State Street SPDR S&P Biotech ETF
XBI
$10B
| – | – |
-20,000
| Closed | -$35.3K |
|
|
164
PUT
State Street SPDR S&P Biotech ETF
XBI
$10B
| – | – |
-20,000
| Closed | -$146K |
|
165
CALL
ExxonMobil
XOM
$650B
| – | – |
-8,200
| Closed | -$6.44K |
|
|
166
PUT
ExxonMobil
XOM
$650B
| – | – |
-11,500
| Closed | -$109K |
|
167
XPeng
XPEV
$12.5B
| – | – |
-30,887
| Closed | -$739K |
|
Similar funds
CGIC
CL
CPA
IIC
MCM
SSA
WC
WIM
Nine Masts Capital's Q4 2025 Portfolio in Review
As of Q4 2025, Nine Masts Capital held 170 positions worth $581M, up 138% from $244M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Nine Masts Capital deployed $210M of net new capital in Q4 2025, opening 91 new positions and adding to 8 existing holdings. Its largest new stake was iShares Bitcoin Trust: 1,889,214 shares worth $93.8M.
By sector, the portfolio is most concentrated in Communication Services at 12% of assets, down from 41% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Carnival PLC, an estimated $15.7M trimmed.
- Nine Masts Capital's largest Q4 2025 buy was iShares Bitcoin Trust: 1,889,214 shares worth $93.8M.
- Nine Masts Capital added most to TXNM Energy Inc in Q4 2025, an estimated $1.67M increase.
- Nine Masts Capital's biggest Q4 2025 reduction was Carnival PLC, cutting an estimated $15.7M.
- Nine Masts Capital fully exited Alphabet (Google) Class C in Q4 2025, selling an estimated $52.6M.
- Nine Masts Capital's ten largest holdings make up 74% of its $581M portfolio in Q4 2025.
- Nine Masts Capital opened 91 new positions and closed 50 in Q4 2025.
- Nine Masts Capital's portfolio value rose 138% quarter-over-quarter to $581M.
Based on Nine Masts Capital's 13F filing for Q4 2025, filed 10 Feb 2026.