Returns–Not enough quarters yet
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| COHRCoherent Corp | $165.7M | 46.7% | +3.7% |
| SNDKSandisk Corp | $90.9M | 25.6% | −77.0% |
| HBMHudbay Minerals Inc | $69.6M | 19.6% | +200.1% |
| ALMAlmonty Inds Inc | $28.6M | 8.0% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| COHRCoherent Corp | December 31, 2025 | +113.7% | $165.7M |
| HBMHudbay Minerals Inc | March 31, 2026 | +13.0% | $69.6M |
Sold off last quarter
- Seagate Technology Hldngs PlCUSIP G7997R103 was $74.5M
- AAAlcoa Corp was $45.4M
- ACMRAcm Resh Inc was $23.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| March 31, 2026 | +37.7% | −4.6% |
| December 31, 2025 | +6.6% | +2.4% |
| September 30, 2025 | +19.4% | +7.8% |
| June 30, 2025 | +17.4% | +10.5% |
| March 31, 2025 | −8.6% | −4.6% |
| December 31, 2024 | +4.6% | +2.1% |
| September 30, 2024 | +1.1% | +5.4% |
| June 30, 2024 | +17.3% | +4.0% |
| March 31, 2024 | +41.7% | +10.0% |
| December 31, 2023 | +12.3% | +11.2% |
| September 30, 2023 | +2.8% | −3.6% |
| June 30, 2023 | −1.6% | +8.3% |
| March 31, 2023 | +6.7% | +7.0% |
| December 31, 2022 | +23.2% | +7.1% |
| September 30, 2022 | −5.6% | −5.3% |
| June 30, 2022 | −31.4% | −16.5% |
| March 31, 2022 | +26.1% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Oxbow Capital Management (HK) Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1713269&type=13F-HR&dateb=&owner=include&count=40CIK 1713269
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1713269/000171326926000004/Filed August 14, 2026 · accession 0001713269-26-000004