Andar Capital Management HK Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Andar Capital Management HK Ltd reported 13 stock positions worth $116.9 million. Its top holding was Tower Semiconductor (TSEM) at 19.5% of the portfolio, followed by Onto Innovation (ONTO, 13.7%) and Semtech (SMTC, 12.9%). Compared with Q4 2025, it opened 5 new positions, sold out of 7, added to 5 and reduced 3. The biggest buy was a new position in Applied Optoelectronics (AAOI) and the biggest sale an exit from Credo Technology Group Holdi (CRDO).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001805591
- Portfolio Value
- $116.9M (Q1 2026)
- SEC Filing
- 0001805591-26-000005 ↗ filed May 8, 2026
Holdings Value
Holdings 13 stocks · $116.9M
| TSEM Tower Semiconductor Ltd. | 19.51% | 130,000 | $22.8M | Add +44.0% |
| ONTO Onto Innovation Inc. | 13.68% | 78,000 | $16.0M | Reduce -10.0% |
| SMTC Semtech Corp. | 12.89% | 196,000 | $15.1M | Add +3.4% |
| AAOI Applied Optoelectronics Inc. | 9.69% | 134,000 | $11.3M | New |
| TER Teradyne Inc. | 9.38% | 37,000 | $11.0M | Add +2.5% |
| VICR Vicor Corp. | 7.57% | 55,000 | $8.9M | Add +71.9% |
| FN Fabrinet | 6.69% | 15,000 | $7.8M | Add +137.4% |
| LITE Lumentum Holdings Inc. | 6.61% | 11,000 | $7.7M | Reduce -6.3% |
| LASR Nlight Inc. | 4.39% | 90,000 | $5.1M | New |
| AMD Advanced Micro Devices | 3.83% | 22,000 | $4.5M | Reduce -55.7% |
| SNDK Sandisk Corp. | 3.69% | 6,800 | $4.3M | New |
| MU Micron Technology Inc. | 1.16% | 4,000 | $1.4M | New |
| SITM Sitime Corp. | 0.92% | 3,100 | $1.1M | New |
Portfolio Sells Q4 2025 → Q1 2026
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −15.51 |
| AMD Advanced Micro Devices | Reduce -55.7% | 3.83% | −7.63 |
| AEIS Advanced Energy Industries | Sold out | 0.00% | −4.28 |
| AMKR Amkor Technology Inc. | Sold out | 0.00% | −3.00 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −2.44 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −1.35 |
| ONTO Onto Innovation Inc. | Reduce -10.0% | 13.68% | −1.06 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.89 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.79 |
| LITE Lumentum Holdings Inc. | Reduce -6.3% | 6.61% | +1.95 |
Portfolio Buys Q4 2025 → Q1 2026
| AAOI Applied Optoelectronics Inc. | New | 9.69% | +9.69 |
| TSEM Tower Semiconductor Ltd. | Add +44.0% | 19.51% | +8.09 |
| LASR Nlight Inc. | New | 4.39% | +4.39 |
| VICR Vicor Corp. | Add +71.9% | 7.57% | +3.79 |
| SNDK Sandisk Corp. | New | 3.69% | +3.69 |
| FN Fabrinet | Add +137.4% | 6.69% | +3.59 |
| TER Teradyne Inc. | Add +2.5% | 9.38% | +1.85 |
| MU Micron Technology Inc. | New | 1.16% | +1.16 |
| SITM Sitime Corp. | New | 0.92% | +0.92 |
| SMTC Semtech Corp. | Add +3.4% | 12.89% | −2.17 |
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 |