Andar Capital Management HK Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Andar Capital Management HK Ltd reported 20 stock positions worth $98.9 million. Its top holding was Credo Technology Group Holdi (CRDO) at 15.0% of the portfolio, followed by Onto Innovation (ONTO, 14.4%) and Teradyne (TER, 10.6%). Compared with Q2 2025, it opened 10 new positions, sold out of 9, added to 4 and reduced 6. The biggest buy was a new position in Onto Innovation (ONTO) and the biggest sale Advanced Micro Devices (AMD, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001805591
- Portfolio Value
- $98.9M (Q3 2025)
- SEC Filing
- 0001805591-25-000007 ↗ filed Nov 7, 2025
Holdings Value
Holdings 20 stocks · $98.9M
| CRDO Credo Technology Group Holdi | 15.02% | 102,000 | $14.9M | Reduce -40.0% |
| ONTO Onto Innovation Inc. | 14.38% | 110,000 | $14.2M | New |
| TER Teradyne Inc. | 10.58% | 76,000 | $10.5M | Add +26.7% |
| AMD Advanced Micro Devices | 8.18% | 50,000 | $8.1M | Reduce -46.2% |
| IBIT iShares Bitcoin Trust ETF | 7.76% | 118,000 | $7.7M | Add +31.1% |
| SMTC Semtech Corp. | 7.23% | 100,000 | $7.1M | Reduce -37.5% |
| ANET Arista Networks Inc. | 7.07% | 48,000 | $7.0M | Add +20.0% |
| FN Fabrinet | 3.10% | 8,400 | $3.1M | New |
| TSEM Tower Semiconductor Ltd. | 3.07% | 42,000 | $3.0M | New |
| SNPS Synopsys Inc. | 2.99% | 6,000 | $3.0M | New |
| COHR Coherent Corp. | 2.83% | 26,000 | $2.8M | Reduce -40.9% |
| RDW Redwire Corp. | 2.73% | 300,000 | $2.7M | Add +76.5% |
| ON On Semiconductor | 2.49% | 50,000 | $2.5M | New |
| CLS Celestica Inc. | 2.49% | 10,000 | $2.5M | Reduce -52.4% |
| AMZN Amazon.com Inc. | 2.22% | 10,000 | $2.2M | New |
| FLNC Fluence Energy Inc. | 2.18% | 200,000 | $2.2M | New |
| SMR Nuscale Power Corp. | 2.18% | 60,000 | $2.2M | New |
| ALAB Astera Labs Inc. | 1.98% | 10,000 | $2.0M | Reduce -23.1% |
| GRAB Grab Holdings Ltd. Class A | 1.46% | 240,000 | $1.4M | New |
| WOLF Wolfspeed Inc. | 0.05% | 1,670 | $48K | New |
Portfolio Sells Q2 2025 → Q3 2025
| AMD Advanced Micro Devices | Reduce -46.2% | 8.18% | −7.24 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −7.21 |
| CRDO Credo Technology Group Holdi | Reduce -40.0% | 15.02% | −3.38 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −3.31 |
| MSTR Strategy Inc. | Sold out | 0.00% | −3.31 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −3.18 |
| CIEN Ciena Corp. | Sold out | 0.00% | −2.85 |
| RBRK Rubrik Inc. Class A | Sold out | 0.00% | −2.30 |
| OKTA Okta Inc. | Sold out | 0.00% | −1.99 |
| COHR Coherent Corp. | Reduce -40.9% | 2.83% | −1.76 |
| NBIS Nebius Group NV | Sold out | 0.00% | −1.55 |
| TSLA Tesla Inc. | Sold out | 0.00% | −1.49 |
| CLS Celestica Inc. | Reduce -52.4% | 2.49% | −1.34 |
| SMTC Semtech Corp. | Reduce -37.5% | 7.23% | −1.22 |
| ALAB Astera Labs Inc. | Reduce -23.1% | 1.98% | +0.61 |
Portfolio Buys Q2 2025 → Q3 2025
| ONTO Onto Innovation Inc. | New | 14.38% | +14.38 |
| TER Teradyne Inc. | Add +26.7% | 10.58% | +4.27 |
| FN Fabrinet | New | 3.10% | +3.10 |
| TSEM Tower Semiconductor Ltd. | New | 3.07% | +3.07 |
| SNPS Synopsys Inc. | New | 2.99% | +2.99 |
| ON On Semiconductor | New | 2.49% | +2.49 |
| ANET Arista Networks Inc. | Add +20.0% | 7.07% | +2.29 |
| AMZN Amazon.com Inc. | New | 2.22% | +2.22 |
| FLNC Fluence Energy Inc. | New | 2.18% | +2.18 |
| SMR Nuscale Power Corp. | New | 2.18% | +2.18 |
| GRAB Grab Holdings Ltd. Class A | New | 1.46% | +1.46 |
| IBIT iShares Bitcoin Trust ETF | Add +31.1% | 7.76% | +1.32 |
| WOLF Wolfspeed Inc. | New | 0.05% | +0.05 |
| RDW Redwire Corp. | Add +76.5% | 2.73% | −0.51 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 13 | $222.8M | VICR, MU, TSEM, SMTC, ONTO |
| Q1 2026 | 13 | $116.9M | TSEM, ONTO, SMTC, AAOI, TER |
| Q4 2025 | 15 | $92.8M | CRDO, SMTC, ONTO, AMD, TSEM |
| Q3 2025 | 20 | $98.9M | CRDO, ONTO, TER, AMD, IBIT |
| Q2 2025 | 19 | $85.6M | CRDO, AMD, SMTC, NOW, IBIT |
| Q1 2025 | 15 | $51.9M | CRDO, AMD, NOW, ANET, MNDY |
| Q4 2024 | 16 | $77.5M | ASML, CRDO, ESTC, AMD, TSM |
| Q3 2024 | 17 | $75.6M | ESTC, AMD, PINS, CRDO, SMCI |
| Q2 2024 | 20 | $72.0M | AMD, TER, META, NET, S |
| Q1 2024 | 13 | $69.3M | AMD, MDB, ANET, DT, TEAM |