Q1 2026 · 13F-HR
Ovata Capital Management Ltdholdings as filed
Filed 2026-05-13 · accession 0001724517-26-000004
The Brief · Ovata Capital Management Ltd · Q1 2026
AI · grounded in 13F
Ovata Capital Management Ltd initiated a new position in Jazz Investments I Ltd [[stock:JAZZ 2 06/15/26]] worth $82.95M. The fund also established new holdings in PPL Capital Funding Inc [[stock:PPL 2.875 03/15/28]] for $58.6M and WEC Energy Group Inc [[stock:WEC 4.375 06/01/27]] for $33.09M. On the sell side, the fund closed its position in Spotify USA Inc [[stock:SPOT 0 03/15/26]], reducing exposure by $34.93M. Additionally, it exited positions in Ford Motor Co [[stock:F 0 03/15/26]] and CyberArk Software Ltd CYBR.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 472145AF8 | JAZZ 2 06/15/26 | Jazz Investments I Ltd | $83.0M | 11.6% | 68,136,000 | Common | SOLE |
| 783513203 | RYAAY | Ryanair Holdings PLC | $75.6M | 10.6% | 1,320,926 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | $70.1M | 9.80% | 218,101 | Common | SOLE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL Capital Funding Inc | $58.6M | 8.19% | 50,000,000 | Common | SOLE |
| 40415F101 | HDB | HDFC Bank Ltd | $47.3M | 6.62% | 1,986,361 | Common | SOLE |
| 46438F101 | IBIT | iShares Bitcoin Trust ETF | $43.9M | 6.14% | 1,142,805 | Common | SOLE |
| 01609WBG6 | BABA 0.5 06/01/31 | Alibaba Group Holding Ltd | $36.1M | 5.04% | 26,000,000 | Common | SOLE |
| 92939UAP1 | WEC 4.375 06/01/27 | WEC Energy Group Inc | $33.1M | 4.62% | 27,409,000 | Common | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | Coinbase Global Inc | $32.7M | 4.57% | 32,944,000 | Common | SOLE |
| 723484AK7 | PNW 4.75 06/15/27 | Pinnacle West Capital Corp | $25.8M | 3.61% | 22,500,000 | Common | SOLE |
| 842587DZ7 | SO 4.5 06/15/27 | Southern Co/The | $21.7M | 3.03% | 19,500,000 | Common | SOLE |
| 315948109 | FBTC | Fidelity Wise Origin Bitcoin Fund | $17.5M | 2.44% | 295,558 | Common | SOLE |
| 389930207 | BTC | Grayscale Bitcoin Mini Trust ETF | $17.0M | 2.38% | 567,872 | Common | SOLE |
| 15189TBD8 | CNP 4.25 08/15/26 | CenterPoint Energy Inc | $16.6M | 2.32% | 14,000,000 | Common | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS Inc | $16.6M | 2.32% | 10,000,000 | Common | SOLE |
| 85571BBA2 | STWD 6.75 07/15/27 | Starwood Property Trust Inc | $15.8M | 2.21% | 15,500,000 | Common | SOLE |
| 65339F655 | NEE 7.375 02/15/29 | NextEra Energy Inc | $12.6M | 1.76% | 250,000 | Common | SOLE |
| 963320205 | WHR 8.5 02/15/29 A | Whirlpool Corp | $12.4M | 1.73% | 300,000 | Common | SOLE |
| 686688AB8 | ORA 2.5 07/15/27 | Ormat Technologies Inc | $9.8M | 1.37% | 7,500,000 | Common | SOLE |
| 904311107 | UAA | Under Armour Inc | $8.3M | 1.16% | 1,398,745 | Common | SOLE |
| 44332NAB2 | HTHT 3 05/01/26 | H World Group Ltd | $8.1M | 1.13% | 6,000,000 | Common | SOLE |
| 62914VAK2 | NIO 4.625 10/15/30 | NIO Inc | $7.4M | 1.04% | 7,500,000 | Common | SOLE |
| 50202MAB8 | LI 0.25 05/01/28 | Li Auto Inc | $6.0M | 0.84% | 6,000,000 | Common | SOLE |
| 89677Q107 | TCOM | Trip.com Group Ltd | $5.6M | 0.78% | 115,045 | Common | SOLE |
| 00215W100 | ASX | ASE Technology Holding Co Ltd | $4.4M | 0.61% | 214,320 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group Holding Ltd | $4.1M | 0.58% | 32,807 | Common | SOLE |
| 131193AE4 | CALY 2.75 05/01/26 | Callaway Golf Co | $4.0M | 0.56% | 4,000,000 | Common | SOLE |
| 46267XAK4 | IQ 4.625 03/15/30 | iQIYI Inc | $3.7M | 0.51% | 4,000,000 | Common | SOLE |
| 86765Q106 | SUNC | Sunococorp LLC | $3.2M | 0.45% | 52,200 | Common | SOLE |
| 342909108 | FLOC | Flowco Holdings Inc | $3.0M | 0.41% | 144,000 | Common | SOLE |
| 81211K100 | SDA | Sealed Air Corp | $3.0M | 0.41% | 70,449 | Common | SOLE |
| 056752108 | BIDU | Baidu Inc | $2.8M | 0.39% | 25,700 | Common | SOLE |
| 934423104 | WBD | Warner Bros Discovery Inc | $2.7M | 0.37% | 96,954 | Common | SOLE |
| 25401T603 | DBRG | DigitalBridge Group Inc | $1.6M | 0.22% | 101,560 | Common | SOLE |
| 50202M102 | LI | Li Auto Inc | $500,874 | 0.07% | 29,000 | Common | SOLE |
| 835699307 | SONY | Sony Group Corp | $401,979 | 0.06% | 20,000 | Common | SOLE |
| 438128308 | HMC | Honda Motor Co Ltd | $332,262 | 0.05% | 14,062 | Common | SOLE |
| 08862EAD1 | BYND 7 10/15/30 | Beyond Meat Inc | $273,424 | 0.04% | 405,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.