AI-Squared Management Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), AI-Squared Management Ltd reported 19 stock positions worth $137.4 million. Its top holding was Lumentum (LITE) at 18.6% of the portfolio, followed by Sandisk (SNDK, 9.8%) and Micron Technology (MU, 9.2%). Compared with Q4 2025, it opened 10 new positions, sold out of 9, added to 6 and reduced 3. The biggest buy was a new position in Lumentum (LITE) and the biggest sale Baidu Inc. - Spon ADR (BIDU, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001933952
- Portfolio Value
- $137.4M (Q1 2026)
- SEC Filing
- 0001933952-26-000003 ↗ filed May 12, 2026
Holdings Value
Holdings 19 stocks · $137.4M
| LITE Lumentum Holdings Inc. | 18.58% | 36,321 | $25.5M | New |
| SNDK Sandisk Corp. | 9.77% | 21,140 | $13.4M | New |
| MU Micron Technology Inc. | 9.19% | 37,384 | $12.6M | Add +567.6% |
| AMD Advanced Micro Devices | 8.28% | 55,900 | $11.4M | Add +50.3% |
| ATAT Atour Lifestyle Holdings-ADR | 7.92% | 295,684 | $10.9M | Add +106.8% |
| BIDU Baidu Inc. - Spon ADR | 5.23% | 64,558 | $7.2M | Reduce -33.5% |
| DOCN Digitalocean Holdings Inc. | 5.09% | 81,500 | $7.0M | New |
| NVDA Nvidia Corp. | 5.04% | 39,725 | $6.9M | Add +20.7% |
| VNET Vnet Group Inc.-ADR | 3.75% | 614,400 | $5.2M | Add +39.1% |
| STAA Staar Surgical Co. | 3.65% | 268,084 | $5.0M | New |
| TCOM Trip.com Group Ltd.-ADR | 3.43% | 94,790 | $4.7M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 3.36% | 33,767 | $4.6M | Add +57.8% |
| TER Teradyne Inc. | 3.34% | 15,500 | $4.6M | New |
| TSM Taiwan Semiconductor-SP ADR | 3.30% | 13,405 | $4.5M | Reduce -54.6% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 3.11% | 106,200 | $4.3M | Reduce -36.3% |
| RMBS Rambus Inc. | 3.10% | 49,578 | $4.3M | New |
| META Meta Platforms Inc. Class A | 1.67% | 4,020 | $2.3M | New |
| SNPS Synopsys Inc. | 1.65% | 5,728 | $2.3M | New |
| BABA Alibaba Group Holding-SP ADR | 0.52% | 5,700 | $715K | New |
Portfolio Sells Q4 2025 → Q1 2026
| BIDU Baidu Inc. - Spon ADR | Reduce -33.5% | 5.23% | −9.50 |
| CSIQ Canadian Solar Inc. | Sold out | 0.00% | −8.22 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -54.6% | 3.30% | −7.13 |
| SEI Solaris Energy Infrastructur | Sold out | 0.00% | −4.56 |
| AMKR Amkor Technology Inc. | Sold out | 0.00% | −4.50 |
| INTC Intel Corp. | Sold out | 0.00% | −4.25 |
| GDS GDS Holdings Ltd. - ADR | Reduce -36.3% | 3.11% | −3.64 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −3.57 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −3.57 |
| OLED Universal Display Corp. | Sold out | 0.00% | −2.21 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −2.21 |
| IQ Iqiyi Inc.-ADR | Sold out | 0.00% | −1.79 |
Portfolio Buys Q4 2025 → Q1 2026
| LITE Lumentum Holdings Inc. | New | 18.58% | +18.58 |
| SNDK Sandisk Corp. | New | 9.77% | +9.77 |
| MU Micron Technology Inc. | Add +567.6% | 9.19% | +7.34 |
| DOCN Digitalocean Holdings Inc. | New | 5.09% | +5.09 |
| STAA Staar Surgical Co. | New | 3.65% | +3.65 |
| TCOM Trip.com Group Ltd.-ADR | New | 3.43% | +3.43 |
| TER Teradyne Inc. | New | 3.34% | +3.34 |
| RMBS Rambus Inc. | New | 3.10% | +3.10 |
| META Meta Platforms Inc. Class A | New | 1.67% | +1.67 |
| SNPS Synopsys Inc. | New | 1.65% | +1.65 |
| ATAT Atour Lifestyle Holdings-ADR | Add +106.8% | 7.92% | +1.38 |
| BABA Alibaba Group Holding-SP ADR | New | 0.52% | +0.52 |
| VNET Vnet Group Inc.-ADR | Add +39.1% | 3.75% | −0.59 |
| FUTU Futu Holdings Ltd.-ADR | Add +57.8% | 3.36% | −0.72 |
| AMD Advanced Micro Devices | Add +50.3% | 8.28% | −0.97 |
| NVDA Nvidia Corp. | Add +20.7% | 5.04% | −2.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $187.5M | PDD, BIDU, SNDK, STAA, JD |
| Q1 2026 | 19 | $137.4M | LITE, SNDK, MU, AMD, ATAT |
| Q4 2025 | 18 | $86.1M | BIDU, TSM, AMD, CSIQ, NVDA |
| Q3 2025 | 20 | $96.0M | PDD, BIDU, ONTO, ATAT, HTZ |
| Q2 2025 | 6 | $22.2M | BABA, TSM, ATAT, PDD, JD |
| Q1 2025 | 15 | $76.4M | MU, TSM, TAL, JOYY, WDC |
| Q4 2024 | 20 | $98.1M | PDD, JOYY, ATAT, BABA, JD |
| Q3 2024 | 23 | $86.9M | TAL, EDU, FUTU, JD, AMD |
| Q2 2024 | 23 | $109.6M | PDD, TAL, AMZN, DELL, NTES |
| Q1 2024 | 17 | $108.6M | PDD, TSM, BEKE, TCOM, BABA |