Ariose Capital Management Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Ariose Capital Management Ltd reported 14 stock positions worth $298.5 million. Its top holding was Alphabet Class A (GOOGL) at 23.0% of the portfolio, followed by Nvidia (NVDA, 20.3%) and Unity Software (U, 13.7%). Compared with Q3 2025, it opened 4 new positions, sold out of 25, added to 6 and reduced 3. The biggest buy was Alphabet Class A (GOOGL, shares +165%) and the biggest sale an exit from Coherent (COHR).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, HONG KONG, K3
- CIK
- 0001665925
- Portfolio Value
- $298.5M (Q4 2025)
- SEC Filing
- 0001665925-26-000001 ↗ filed Jan 29, 2026
Holdings Value
Holdings 14 stocks · $298.5M
| GOOGL Alphabet Inc. Class A | 23.01% | 218,887 | $68.7M | Add +164.8% |
| NVDA Nvidia Corp. | 20.35% | 325,700 | $60.7M | Add +25.0% |
| U Unity Software Inc. | 13.68% | 924,583 | $40.8M | Add +96.0% |
| TER Teradyne Inc. | 10.80% | 166,627 | $32.3M | New |
| JOYY Joyy Inc.-ADR | 8.24% | 379,837 | $24.6M | Add +2.5% |
| NFLX Netflix Inc. | 5.96% | 189,900 | $17.8M | New |
| KLAC KLA Corp. | 5.41% | 13,300 | $16.2M | New |
| DQ Daqo New Energy Corp.-ADR | 4.52% | 457,155 | $13.5M | Add +35.0% |
| SLV iShares Silver Trust | 3.16% | 146,200 | $9.4M | Add +8.4% |
| NBP Novabridge Biosciences | 1.82% | 1,363,515 | $5.4M | Reduce -20.0% |
| CAMT Camtek Ltd. | 1.31% | 36,700 | $3.9M | New |
| MLI Mueller Industries Inc. | 1.28% | 33,212 | $3.8M | Reduce -14.0% |
| YALA Yalla Group Ltd. | 0.26% | 109,934 | $763K | Reduce -81.1% |
| QFIN Qfin Holdings Inc.-ADR | 0.20% | 31,574 | $608K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| COHR Coherent Corp. | Sold out | 0.00% | −6.51 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −6.23 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −5.94 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −5.33 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −4.35 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −4.34 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −4.31 |
| IQ Iqiyi Inc.-ADR | Sold out | 0.00% | −3.13 |
| FINV Finvolution Group-ADR | Sold out | 0.00% | −1.93 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −1.91 |
| VOR Vor Biopharma Inc. | Sold out | 0.00% | −1.80 |
| YALA Yalla Group Ltd. | Reduce -81.1% | 0.26% | −1.21 |
| SITM Sitime Corp. | Sold out | 0.00% | −1.00 |
| WRD Weride Inc.-ADR | Sold out | 0.00% | −0.86 |
| BMNR Bitmine Immersion Technologi | Sold out | 0.00% | −0.78 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.70 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.61 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.46 |
| ZEPP Zepp Health Corp.-ADR | Sold out | 0.00% | −0.43 |
| TEM Tempus AI Inc. Class A | Sold out | 0.00% | −0.41 |
| HMY Harmony Gold MNG-Spon ADR | Sold out | 0.00% | −0.40 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.39 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.36 |
| INTC Intel Corp. | Sold out | 0.00% | −0.36 |
| NBP Novabridge Biosciences | Reduce -20.0% | 1.82% | −0.34 |
| OKLO Oklo Inc. | Sold out | 0.00% | −0.31 |
| TTMI TTM Technologies | Sold out | 0.00% | −0.13 |
| MLI Mueller Industries Inc. | Reduce -14.0% | 1.28% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +164.8% | 23.01% | +16.26 |
| TER Teradyne Inc. | New | 10.80% | +10.80 |
| U Unity Software Inc. | Add +96.0% | 13.68% | +7.35 |
| NFLX Netflix Inc. | New | 5.96% | +5.96 |
| KLAC KLA Corp. | New | 5.41% | +5.41 |
| NVDA Nvidia Corp. | Add +25.0% | 20.35% | +4.05 |
| DQ Daqo New Energy Corp.-ADR | Add +35.0% | 4.52% | +1.32 |
| CAMT Camtek Ltd. | New | 1.31% | +1.31 |
| SLV iShares Silver Trust | Add +8.4% | 3.16% | +1.24 |
| JOYY Joyy Inc.-ADR | Add +2.5% | 8.24% | +0.96 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $234.1M | SNDK, STX, AMD, MRVL, SOXX |
| Q1 2026 | 15 | $148.9M | AXTI, STX, GLW, VICR, DQ |
| Q4 2025 | 14 | $298.5M | GOOGL, NVDA, U, TER, JOYY |
| Q3 2025 | 35 | $298.2M | NVDA, JOYY, GOOGL, COHR, U |
| Q2 2025 | 18 | $158.2M | META, GOOGL, NVDA, MELI, SLV |
| Q1 2025 | 12 | $91.2M | TCOM, GLD, LMT, GOOGL, NTES |
| Q4 2024 | 13 | $120.8M | DQ, NFLX, TSLA, AVGO, EDU |
| Q3 2024 | 9 | $116.8M | NFLX, DQ, NVDA, LI, TME |
| Q2 2024 | 13 | $131.0M | NTES, TCOM, NFLX, DQ, EDU |
| Q1 2024 | 12 | $189.9M | NVDA, NTES, DQ, VIPS, NFLX |