Andar Capital Management HK Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Andar Capital Management HK Ltd reported 15 stock positions worth $92.8 million. Its top holding was Credo Technology Group Holdi (CRDO) at 15.5% of the portfolio, followed by Semtech (SMTC, 15.1%) and Onto Innovation (ONTO, 14.7%). Compared with Q3 2025, it opened 8 new positions, sold out of 13, added to 2 and reduced 5. The biggest buy was Tower Semiconductor (TSEM, shares +115%) and the biggest sale an exit from iShares Bitcoin Trust ETF (IBIT).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001805591
- Portfolio Value
- $92.8M (Q4 2025)
- SEC Filing
- 0001805591-26-000002 ↗ filed Feb 10, 2026
Holdings Value
Holdings 15 stocks · $92.8M
| CRDO Credo Technology Group Holdi | 15.51% | 100,000 | $14.4M | Reduce -2.0% |
| SMTC Semtech Corp. | 15.05% | 189,525 | $14.0M | Add +89.5% |
| ONTO Onto Innovation Inc. | 14.74% | 86,640 | $13.7M | Reduce -21.2% |
| AMD Advanced Micro Devices | 11.46% | 49,638 | $10.6M | Reduce -0.7% |
| TSEM Tower Semiconductor Ltd. | 11.42% | 90,250 | $10.6M | Add +114.9% |
| TER Teradyne Inc. | 7.53% | 36,100 | $7.0M | Reduce -52.5% |
| LITE Lumentum Holdings Inc. | 4.66% | 11,733 | $4.3M | New |
| AEIS Advanced Energy Industries | 4.28% | 18,950 | $4.0M | New |
| VICR Vicor Corp. | 3.78% | 32,000 | $3.5M | New |
| FN Fabrinet | 3.10% | 6,318 | $2.9M | Reduce -24.8% |
| AMKR Amkor Technology Inc. | 3.00% | 70,395 | $2.8M | New |
| MNDY Monday.com Ltd. | 2.44% | 15,343 | $2.3M | New |
| BWXT BWX Technologies Inc. | 1.35% | 7,220 | $1.2M | New |
| NOW ServiceNow Inc. | 0.89% | 5,415 | $830K | New |
| VRT Vertiv Holdings Co. Class A | 0.79% | 4,500 | $729K | New |
Portfolio Sells Q3 2025 → Q4 2025
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −7.76 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −7.07 |
| TER Teradyne Inc. | Reduce -52.5% | 7.53% | −3.05 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −2.99 |
| COHR Coherent Corp. | Sold out | 0.00% | −2.83 |
| RDW Redwire Corp. | Sold out | 0.00% | −2.73 |
| ON On Semiconductor | Sold out | 0.00% | −2.49 |
| CLS Celestica Inc. | Sold out | 0.00% | −2.49 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −2.22 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −2.18 |
| SMR Nuscale Power Corp. | Sold out | 0.00% | −2.18 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −1.98 |
| GRAB Grab Holdings Ltd. Class A | Sold out | 0.00% | −1.46 |
| WOLF Wolfspeed Inc. | Sold out | 0.00% | −0.05 |
| FN Fabrinet | Reduce -24.8% | 3.10% | +0.00 |
| ONTO Onto Innovation Inc. | Reduce -21.2% | 14.74% | +0.37 |
| CRDO Credo Technology Group Holdi | Reduce -2.0% | 15.51% | +0.49 |
| AMD Advanced Micro Devices | Reduce -0.7% | 11.46% | +3.28 |
Portfolio Buys Q3 2025 → Q4 2025
| TSEM Tower Semiconductor Ltd. | Add +114.9% | 11.42% | +8.35 |
| SMTC Semtech Corp. | Add +89.5% | 15.05% | +7.83 |
| LITE Lumentum Holdings Inc. | New | 4.66% | +4.66 |
| AEIS Advanced Energy Industries | New | 4.28% | +4.28 |
| VICR Vicor Corp. | New | 3.78% | +3.78 |
| AMKR Amkor Technology Inc. | New | 3.00% | +3.00 |
| MNDY Monday.com Ltd. | New | 2.44% | +2.44 |
| BWXT BWX Technologies Inc. | New | 1.35% | +1.35 |
| NOW ServiceNow Inc. | New | 0.89% | +0.89 |
| VRT Vertiv Holdings Co. Class A | New | 0.79% | +0.79 |
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 |