Ovata Capital Management Ltd
Long book
$715.4M
Q1 2026
Positions
38
Top-10 weight
71%
concentration
Last quarter
+6.7%
SPY +14.8%
Turnover
58%
of book per quarter
Strategy in plain words
auto-generated from filingsOvata Capital Management Ltd is a concentrated fundamental stock-picker, running a $715.4M US long book across 38 positions.
The portfolio is concentrated: the top 10 names carry 71% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: JAZZ INVESTMENTS I LTD, RYANAIR HOLDINGS PLC-SP ADR, TAIWAN SEMICONDUCTOR-SP ADR, PPL CAPITAL FUNDING INC, HDFC BANK LTD-ADR.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-6.3%
Q2 2024
+7.8%
Q3 2024
+17.1%
Q4 2024
-7.0%
Q1 2025
+14.0%
Q2 2025
+13.3%
Q3 2025
-5.9%
Q4 2025
-8.9%
Q1 2026
+6.7%
Sector allocation
Other 44%
Utilities 27%
Energy 7%
Industrials 6%
Services media 6%
Communications 6%
Financials 3%
Long book by quarter
What does Ovata Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NEE NEXTERA ENERGY INC | Utilities | 250.0K | $12.6M | 1.8% | New |
| WHR 8.5 02/15/29 A WHIRLPOOL CORP | — | 300.0K | $12.4M | 1.7% | New |
| UAA UNDER ARMOUR INC-CLASS A | Other | 1.4M | $8.3M | 1.2% | Held |
| SUNC SUNOCOCORP LLC | Energy | 52.2K | $3.2M | 0.4% | Held |
| FLOC FLOWCO HOLDINGS INC-CL A | Industrials | 144.0K | $3.0M | 0.4% | New |
| SDA SEALED AIR CORP | Services media | 70.4K | $3.0M | 0.4% | +209.4% |
| WBD WARNER BROS DISCOVERY INC | Communications | 97.0K | $2.7M | 0.4% | +721.2% |
| DBRG DIGITALBRIDGE GROUP INC | Financials | 101.6K | $1.6M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 38 | $715.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ARESTATEMENT | Mar 3, 2026 | 53 | $823.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 45 | $528.0M | SEC ↗ | |
| Q3 2025 | 13F-HR | Nov 21, 2025 | 41 | $499.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 45 | $462.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 39 | $263.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 33 | $261.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 33 | $236.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 38 | $184.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 35 | $192.2M | canonical | SEC ↗ |
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