CloudAlpha Capital Management Limited/Hong Kong In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), CloudAlpha Capital Management Limited/Hong Kong reported 43 stock positions worth $1.1 billion . Its top holding was Tesla (TSLA) at 14.3% of the portfolio, followed by Nvidia (NVDA, 8.9% ) and Alphabet Class A (GOOGL, 8.3% ). Compared with Q3 2025, it opened 23 new positions, sold out of 13, added to 11 and reduced 9. The biggest buy was a new position in ASML Holding NV-NY Reg SHS (ASML) and the biggest sale Nvidia (NVDA, shares −57% ).
Location HONG KONG, K3
CIK 0001745907
Portfolio Value $1.1B (Q4 2025) Holdings 43 stocks · $1.1B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 TSLA Tesla Inc. 353,659 $159.0M Reduce -6.5% NVDA Nvidia Corp. 532,010 $99.2M Reduce -57.0% GOOGL Alphabet Inc. Class A 294,600 $92.2M Reduce -33.1% ASML ASML Holding NV-NY Reg SHS 81,210 $86.9M New LITE Lumentum Holdings Inc. 197,781 $72.9M Add +47.2% SNDK Sandisk Corp. 286,219 $67.9M Add +33.9% NBIS Nebius Group NV 754,000 $63.1M Add +103.1% CRCL Circle Internet Group Inc. 689,628 $54.7M Add +142.9% LEU Centrus Energy Corp. Class A 172,300 $41.8M Add +33.1% AMAT Applied Materials Inc. 140,773 $36.2M Add +204.8% AVGO Broadcom Inc. 98,080 $33.9M Add +13.2% LRCX Lam Research Corp. 190,615 $32.6M Reduce -9.3% CIEN Ciena Corp. 124,810 $29.2M Reduce -12.8% AXTI Axt Inc. 1,390,730 $22.7M New WDC Western Digital Corp. 121,259 $20.9M New AMZN Amazon.com Inc. 86,110 $19.9M New ORCL Oracle Corp. 101,110 $19.7M Add +192.2% META Meta Platforms Inc. Class A 29,810 $19.7M New RKLB Rocket Lab Corp. 241,334 $16.8M New TTMI TTM Technologies 184,548 $12.7M New OKLO Oklo Inc. 164,299 $11.8M New CLS Celestica Inc. 34,110 $10.1M New BE Bloom Energy Corp. Class A 113,100 $9.8M Add +27.9% KEYS Keysight Technologies Inc. 43,112 $8.8M New LSCC Lattice Semiconductor Corp. 113,400 $8.3M New SUPX Superx AI Technology Ltd. 513,592 $8.1M Add +260.1% ONDS Ondas Inc. filed as ONDAS HLDGS INC 690,000 $6.7M New FTAI Ftai Aviation Ltd. 30,300 $6.0M New HOOD Robinhood Markets Inc. Class A 51,862 $5.9M Reduce -78.2% IREN Iren Ltd. filed as IREN LIMITED 133,500 $5.0M Add +101.5% CLSK Cleanspark Inc. 486,000 $4.9M New HUT Hut 8 Corp. 97,387 $4.5M New BITF Bitfarms Ltd./Canada 1,631,964 $3.8M New MU Micron Technology Inc. 10,510 $3.0M Reduce -96.8% API Agora Inc.-ADR 645,700 $2.6M Reduce -61.7% IONQ Ionq Inc. 54,102 $2.4M New TSM Taiwan Semiconductor-SP ADR 6,850 $2.1M Reduce -81.8% RGTI Rigetti Computing Inc. 81,000 $1.8M New QBTS D-Wave Quantum Inc. 67,300 $1.8M New CIFR Cipher Digital Inc. 107,000 $1.6M New NRG NRG Energy Inc. 4,000 $637K New SMR Nuscale Power Corp. 42,610 $604K New GOOG Alphabet Inc. Class C 1,100 $345K New
Options reported separately and not counted above: TSLA calls ($392.0M), QQQ puts ($152.7M), DELL puts ($75.5M), SOXX puts ($69.7M), HPQ puts ($64.6M), ORCL calls ($52.6M), ASML calls ($45.5M), MU calls ($35.7M), ARKK puts ($33.8M), FTAI calls ($23.6M), SLV puts ($21.3M), ALAB puts ($16.6M), and 3 more.
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ NVDA Nvidia Corp. Reduce -57.0% 8.92% −11.83 ETHU 2X Ether ETF Sold out 0.00% −5.72 MU Micron Technology Inc. Reduce -96.8% 0.27% −4.61 SBET Sharplink Inc. Sold out 0.00% −2.77 HOOD Robinhood Markets Inc. Class A Reduce -78.2% 0.53% −2.53 AAOI Applied Optoelectronics Inc. Sold out 0.00% −2.51 COHR Coherent Corp. Sold out 0.00% −2.18 ONTO Onto Innovation Inc. Sold out 0.00% −1.87 CRWV Coreweave Inc. Class A Sold out 0.00% −1.75 RMBS Rambus Inc. Sold out 0.00% −1.55 GOOGL Alphabet Inc. Class A Reduce -33.1% 8.29% −1.33 TSLA Tesla Inc. Reduce -6.5% 14.29% −0.82 TSM Taiwan Semiconductor-SP ADR Reduce -81.8% 0.19% −0.76 AVAV Aerovironment Inc. Sold out 0.00% −0.48 CRDO Credo Technology Group Holdi Sold out 0.00% −0.45 API Agora Inc.-ADR Reduce -61.7% 0.24% −0.34 RIOT Riot Platforms Inc. Sold out 0.00% −0.13 KLIC Kulicke & Soffa Industries Sold out 0.00% −0.11 U Unity Software Inc. Sold out 0.00% −0.11 CCJ Cameco Corp. Sold out 0.00% −0.11 LRCX Lam Research Corp. Reduce -9.3% 2.93% +0.40 CIEN Ciena Corp. Reduce -12.8% 2.62% +0.75
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ ASML ASML Holding NV-NY Reg SHS New 7.81% +7.81 LITE Lumentum Holdings Inc. Add +47.2% 6.55% +4.59 SNDK Sandisk Corp. Add +33.9% 6.11% +3.95 AMAT Applied Materials Inc. Add +204.8% 3.25% +2.40 AXTI Axt Inc. New 2.04% +2.04 NBIS Nebius Group NV Add +103.1% 5.67% +1.93 WDC Western Digital Corp. New 1.88% +1.88 AMZN Amazon.com Inc. New 1.79% +1.79 META Meta Platforms Inc. Class A New 1.77% +1.77 CRCL Circle Internet Group Inc. Add +142.9% 4.91% +1.53 RKLB Rocket Lab Corp. New 1.51% +1.51 TTMI TTM Technologies New 1.14% +1.14 OKLO Oklo Inc. New 1.06% +1.06 CLS Celestica Inc. New 0.91% +0.91 ORCL Oracle Corp. Add +192.2% 1.77% +0.90 KEYS Keysight Technologies Inc. New 0.79% +0.79 LSCC Lattice Semiconductor Corp. New 0.75% +0.75 ONDS Ondas Inc. New 0.61% +0.61 FTAI Ftai Aviation Ltd. New 0.54% +0.54 AVGO Broadcom Inc. Add +13.2% 3.05% +0.48 CLSK Cleanspark Inc. New 0.44% +0.44 HUT Hut 8 Corp. New 0.40% +0.40 BITF Bitfarms Ltd./Canada New 0.34% +0.34 IONQ Ionq Inc. New 0.22% +0.22 BE Bloom Energy Corp. Class A Add +27.9% 0.88% +0.21 IREN Iren Ltd. Add +101.5% 0.45% +0.17 RGTI Rigetti Computing Inc. New 0.16% +0.16 QBTS D-Wave Quantum Inc. New 0.16% +0.16 LEU Centrus Energy Corp. Class A Add +33.1% 3.76% +0.15 CIFR Cipher Digital Inc. New 0.14% +0.14 NRG NRG Energy Inc. New 0.06% +0.06 SMR Nuscale Power Corp. New 0.05% +0.05 GOOG Alphabet Inc. Class C New 0.03% +0.03 SUPX Superx AI Technology Ltd. Add +260.1% 0.72% −0.10
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ NVDA Nvidia Corp. call Sold out 2,710,000 $505.6Mbefore exit TSLA Tesla Inc. call Add +25.2% 871,600 $392.0M QQQ Invesco QQQ Trust Series 1 put Reduce -46.6% 248,500 $152.7M DELL Dell Technologies -C put New 600,000 $75.5M SOXX iShares Semiconductor ETF put Add +21.8% 231,500 $69.7M HPQ HP Inc. put New 2,900,000 $64.6M AMD Advanced Micro Devices put Sold out 343,500 $55.6Mbefore exit ORCL Oracle Corp. call New 270,000 $52.6M KLAC KLA Corp. call Sold out 47,500 $51.2Mbefore exit XRT SS SPDR S&P Retail ETF put Sold out 550,000 $47.4Mbefore exit ASML ASML Holding NV-NY Reg SHS call New 42,500 $45.5M AVGO Broadcom Inc. put Sold out 130,000 $42.9Mbefore exit LITE Lumentum Holdings Inc. call Sold out 256,000 $41.7Mbefore exit MU Micron Technology Inc. call Reduce -50.0% 125,000 $35.7M ARKK ARK Innovation ETF put New 439,000 $33.8M ONTO Onto Innovation Inc. call Sold out 250,000 $32.3Mbefore exit CVNA Carvana Co. put Sold out 80,000 $30.2Mbefore exit ALAB Astera Labs Inc. call Sold out 152,000 $29.8Mbefore exit FTAI Ftai Aviation Ltd. call New 120,000 $23.6M INTC Intel Corp. call Sold out 640,000 $21.5Mbefore exit SLV iShares Silver Trust put New 330,000 $21.3M ALAB Astera Labs Inc. put New 100,000 $16.6M SNDK Sandisk Corp. call Reduce -23.1% 61,500 $14.6M GTLB Gitlab Inc. Class A call Sold out 300,000 $13.5Mbefore exit LRCX Lam Research Corp. call Sold out 100,000 $13.4Mbefore exit DDOG Datadog Inc. Class A put Sold out 85,000 $12.1Mbefore exit CRDO Credo Technology Group Holdi put Sold out 70,000 $10.2Mbefore exit GOOG Alphabet Inc. Class C call Reduce -90.6% 23,500 $7.4M CRWV Coreweave Inc. Class A call Sold out 40,000 $5.5Mbefore exit COHR Coherent Corp. call Sold out 50,000 $5.4Mbefore exit AVGO Broadcom Inc. call New 14,500 $5.0M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 24 $1.0B AMD, LRCX, TSLA, MRVL, VSH Q1 2026 37 $909.5M LITE, CRCL, MOD, COHR, MSFT Q4 2025 43 $1.1B TSLA, NVDA, GOOGL, ASML, LITE Q3 2025 33 $1.1B NVDA, TSLA, GOOGL, ETHU, MU Q2 2025 39 $811.1M GOOGL, CLS, NVDA, AMD, AMZN Q1 2025 32 $655.6M NVDA, INTC, META, AMZN, TEM Q4 2024 24 $480.5M AMZN, NVDA, AVGO, LEU, AAPL Q3 2024 29 $716.6M META, NVDA, TSLA, AMZN, VST Q2 2024 21 $702.7M NVDA, AAPL, TSLA, AMZN, META Q1 2024 Amended 30 $737.4M NVDA, TSLA, META, AMZN, MSFT