Ariose Capital Management Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 28, 2026), Ariose Capital Management Ltd reported 15 stock positions worth $148.9 million. Its top holding was Axt (AXTI) at 26.2% of the portfolio, followed by Seagate Technology (STX, 25.4%) and Corning (GLW, 11.6%). Compared with Q4 2025, it opened 11 new positions, sold out of 10 and reduced 2. The biggest buy was a new position in Axt (AXTI) and the biggest sale an exit from Alphabet Class A (GOOGL).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, HONG KONG, K3
- CIK
- 0001665925
- Portfolio Value
- $148.9M (Q1 2026)
- SEC Filing
- 0001665925-26-000006 ↗ filed Apr 28, 2026
Holdings Value
Holdings 15 stocks · $148.9M
| AXTI Axt Inc. | 26.23% | 685,524 | $39.1M | New |
| STX Seagate Technology Holdings | 25.41% | 96,600 | $37.8M | New |
| GLW Corning Inc. | 11.57% | 126,729 | $17.2M | New |
| VICR Vicor Corp. | 7.87% | 72,788 | $11.7M | New |
| DQ Daqo New Energy Corp.-ADR | 6.53% | 457,155 | $9.7M | No change |
| AAOI Applied Optoelectronics Inc. | 5.91% | 104,000 | $8.8M | New |
| NOK Nokia Corp.-Spon ADR | 3.23% | 598,086 | $4.8M | New |
| SGML Sigma Lithium Corp. | 2.57% | 310,076 | $3.8M | New |
| CCJ Cameco Corp. | 2.51% | 34,460 | $3.7M | New |
| URA Global X Uranium ETF | 2.50% | 76,900 | $3.7M | New |
| JOYY Joyy Inc.-ADR | 1.67% | 42,677 | $2.5M | Reduce -88.8% |
| LITE Lumentum Holdings Inc. | 1.31% | 2,784 | $2.0M | New |
| URNM Sprott Uranium Miners ETF | 1.23% | 29,040 | $1.8M | New |
| NVDA Nvidia Corp. | 0.98% | 8,400 | $1.5M | Reduce -97.4% |
| YALA Yalla Group Ltd. | 0.46% | 109,934 | $685K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −23.01 |
| NVDA Nvidia Corp. | Reduce -97.4% | 0.98% | −19.37 |
| U Unity Software Inc. | Sold out | 0.00% | −13.68 |
| TER Teradyne Inc. | Sold out | 0.00% | −10.80 |
| JOYY Joyy Inc.-ADR | Reduce -88.8% | 1.67% | −6.57 |
| NFLX Netflix Inc. | Sold out | 0.00% | −5.96 |
| KLAC KLA Corp. | Sold out | 0.00% | −5.41 |
| SLV iShares Silver Trust | Sold out | 0.00% | −3.16 |
| NBP Novabridge Biosciences | Sold out | 0.00% | −1.82 |
| CAMT Camtek Ltd. | Sold out | 0.00% | −1.31 |
| MLI Mueller Industries Inc. | Sold out | 0.00% | −1.28 |
| QFIN Qfin Holdings Inc.-ADR | Sold out | 0.00% | −0.20 |
Portfolio Buys Q4 2025 → Q1 2026
| AXTI Axt Inc. | New | 26.23% | +26.23 |
| STX Seagate Technology Holdings | New | 25.41% | +25.41 |
| GLW Corning Inc. | New | 11.57% | +11.57 |
| VICR Vicor Corp. | New | 7.87% | +7.87 |
| AAOI Applied Optoelectronics Inc. | New | 5.91% | +5.91 |
| NOK Nokia Corp.-Spon ADR | New | 3.23% | +3.23 |
| SGML Sigma Lithium Corp. | New | 2.57% | +2.57 |
| CCJ Cameco Corp. | New | 2.51% | +2.51 |
| URA Global X Uranium ETF | New | 2.50% | +2.50 |
| LITE Lumentum Holdings Inc. | New | 1.31% | +1.31 |
| URNM Sprott Uranium Miners ETF | New | 1.23% | +1.23 |
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 |