NINE MASTS CAPITAL 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ADVANCED SEMICONDUCTOR ENGR	SPONSORED ADR	00756M404	10,749	1,658,866	SH		SOLE		1,658,866	0	0
ADVENT CLAYMORE CV SECS & IN	COM	00764C109	6	400	SH		SOLE		400	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	74	1,020	SH	Put	SOLE		1,020	0	0
ALLIANCEBERNSTEIN GBL HGH IN	COM	01879R106	235	18,700	SH		SOLE		18,700	0	0
AU OPTRONICS CORP	SPONSORED ADR	002255107	5,591	1,431,674	SH		SOLE		1,431,674	0	0
AUTOHOME INC	SP ADR RP CL A	05278C107	51	1,600	SH		SOLE		1,600	0	0
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	357	32,700	SH		SOLE		32,700	0	0
BLACKROCK ENERGY & RES TR	COM	09250U101	45	3,300	SH		SOLE		3,300	0	0
BLACKROCK INTL GRWTH & INC T	COM BENE INTER	092524107	570	98,500	SH		SOLE		98,500	0	0
BLACKROCK MUN 2030 TAR TERM	COM SHS BEN IN	09257P105	303	13,400	SH		SOLE		13,400	0	0
CHINA UNICOM (HONG KONG) LTD	SPONSORED ADR	16945R104	9,025	674,439	SH		SOLE		674,439	0	0
CLEARBRIDGE ENERGY MLP FD IN	COM	184692101	236	14,100	SH		SOLE		14,100	0	0
COACH INC	COM	189754104	153	3,700	SH		SOLE		3,700	0	0
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	241	11,200	SH		SOLE		11,200	0	0
COHEN & STEERS QUALITY RLTY	COM	19247L106	525	42,700	SH		SOLE		42,700	0	0
COLUMBIA SPORTSWEAR CO	COM	198516106	153	2,600	SH		SOLE		2,600	0	0
CTRIP COM INTL LTD	NOTE 1.000% 7/0	22943FAF7	38,938	35,000,000	PRN		SOLE		35,000,000	0	0
CTRIP COM INTL LTD	NOTE 1.250%10/1	22943FAD2	26,288	20,000,000	PRN		SOLE		20,000,000	0	0
CTRIP COM INTL LTD	NOTE 1.990% 7/0	22943FAH3	23,225	20,000,000	PRN		SOLE		20,000,000	0	0
DR REDDYS LABS LTD	ADR	256135203	1,998	49,119	SH		SOLE		49,119	0	0
EATON VANCE LTD DUR INCOME F	COM	27828H105	250	18,100	SH		SOLE		18,100	0	0
EATON VANCE TAX ADVT DIV INC	COM	27828G107	859	40,600	SH		SOLE		40,600	0	0
FORTRESS INVESTMENT GROUP LL	CL A	34958B106	7,988	1,004,730	SH		SOLE		1,004,730	0	0
GOLDMAN SACHS MLP INC OPP FD	COM SHS	38147W103	64	6,000	SH		SOLE		6,000	0	0
HEADWATERS INC	COM	42210P102	2,993	127,489	SH		SOLE		127,489	0	0
HERBALIFE LTD	COM USD SHS	G4412G101	2,606	44,830	SH		SOLE		44,830	0	0
HONDA MOTOR LTD	AMERN SHS	438128308	3,185	105,784	SH		SOLE		105,784	0	0
HSBC HLDGS PLC	SPON ADR NEW	404280406	242	5,943	SH		SOLE		5,943	0	0
ICICI BK LTD	ADR	45104G104	11,000	1,281,250	SH		SOLE		1,281,250	0	0
INFOSYS LTD	SPONSORED ADR	456788108	39,085	2,483,236	SH		SOLE		2,483,236	0	0
INVESCO SR INCOME TR	COM	46131H107	116	25,000	SH		SOLE		25,000	0	0
ISHARES TR	CORE US AGGBD ET	464287226	5,023	46,300	SH		SOLE		46,300	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	4,209	35,700	SH		SOLE		35,700	0	0
ISHARES TR	JP MOR EM MK ETF	464288281	5,048	44,400	SH		SOLE		44,400	0	0
KAYNE ANDERSON ENRGY TTL RT	COM	48660P104	155	12,260	SH		SOLE		12,260	0	0
LAUDER ESTEE COS INC	CL A	518439104	153	1,800	SH		SOLE		1,800	0	0
LIBERTY INTERACTIVE LLC	DEB 1.750% 9/3	530610AD6	1,129	1,000,000	PRN		SOLE		1,000,000	0	0
MEAD JOHNSON NUTRITION CO	COM	582839106	11,883	133,400	SH		SOLE		133,400	0	0
MELCO CROWN ENTMT LTD	ADR	585464100	10,442	563,237	SH		SOLE		563,237	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	8,146	297,300	SH		SOLE		297,300	0	0
MICHAEL KORS HLDGS LTD	SHS	G60754101	149	3,900	SH		SOLE		3,900	0	0
MITSUBISHI UFJ FINL GROUP IN	SPONSORED ADR	606822104	4,406	700,869	SH		SOLE		700,869	0	0
MOMO INC	ADR	60879B107	8,518	250,000	SH		SOLE		250,000	0	0
MORGAN STANLEY EM MKTS DM DE	COM	617477104	416	54,900	SH		SOLE		54,900	0	0
NIKE INC	CL B	654106103	201	3,600	SH		SOLE		3,600	0	0
NOMURA HLDGS INC	SPONSORED ADR	65535H208	13,277	2,135,656	SH		SOLE		2,135,656	0	0
NUVEEN CR STRATEGIES INCM FD	COM SHS	67073D102	193	22,200	SH		SOLE		22,200	0	0
NUVEEN ENERGY MLP TOTL RTRNF	COM	67074U103	75	5,500	SH		SOLE		5,500	0	0
NUVEEN NASDAQ 100 DYNAMIC OV	COM SHS	670699107	170	8,200	SH		SOLE		8,200	0	0
NUVEEN PFD INCOME OPPRTNY FD	COM	67073B106	1,067	108,800	SH		SOLE		108,800	0	0
NUVEEN PREFERRED SECURITIES	COM	67072C105	95	10,000	SH		SOLE		10,000	0	0
PETROCHINA CO LTD	SPONSORED ADR	71646E100	515	7,040	SH		SOLE		7,040	0	0
POSCO	SPONSORED ADR	693483109	5,322	81,792	SH		SOLE		81,792	0	0
PROCTER AND GAMBLE CO	COM	742718109	153	1,700	SH		SOLE		1,700	0	0
PRUDENTIAL SHT DURATION HG Y	COM	74442F107	481	31,300	SH		SOLE		31,300	0	0
PVH CORP	COM	693656100	155	1,500	SH		SOLE		1,500	0	0
RYANAIR HLDGS PLC	SPONSORED ADR NE	783513203	5,253	63,300	SH		SOLE		63,300	0	0
SEADRILL LIMITED	SHS	G7945E105	11,254	14,625,958	SH	Put	SOLE		14,625,958	0	0
SINA CORP	NOTE 1.000%12/0	82922RAD5	98,658	97,500,000	PRN		SOLE		97,500,000	0	0
SKECHERS U S A INC	CL A	830566105	137	5,000	SH		SOLE		5,000	0	0
SONY CORP	ADR NEW	835699307	11,637	343,900	SH		SOLE		343,900	0	0
SPDR SERIES TRUST	BLOOMBERG BRCLYS	78464A417	2,965	80,300	SH		SOLE		80,300	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	40,025	5,506,273	SH		SOLE		5,506,273	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	15,770	480,192	SH		SOLE		480,192	0	0
TATA MTRS LTD	SPONSORED ADR	876568502	17,084	473,885	SH		SOLE		473,885	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	201	30,300	SH		SOLE		30,300	0	0
TERRAFORM PWR INC	CL A COM	88104R100	4,453	360,000	SH		SOLE		360,000	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	44,564	1,402,254	SH		SOLE		1,402,254	0	0
V F CORP	COM	918204108	148	2,700	SH		SOLE		2,700	0	0
VALE S A	ADR	91912E105	7,614	801,483	SH		SOLE		801,483	0	0
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	5,025	60,100	SH		SOLE		60,100	0	0
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	5,014	62,900	SH		SOLE		62,900	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	5,019	61,900	SH		SOLE		61,900	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	5,016	62,900	SH		SOLE		62,900	0	0
YAHOO INC	NOTE 12/0	984332AF3	31,238	30,000,000	PRN		SOLE		30,000,000	0	0
YY INC	NOTE 2.250% 4/0	98426TAB2	11,513	11,520,000	PRN		SOLE		11,520,000	0	0