CloudAlpha Capital Management Limited/Hong Kong In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), CloudAlpha Capital Management Limited/Hong Kong reported 37 stock positions worth $909.5 million . Its top holding was Lumentum (LITE) at 15.3% of the portfolio, followed by Circle Internet (CRCL, 12.6% ) and Modine Manufacturing (MOD, 10.2% ). Compared with Q4 2025, it opened 18 new positions, sold out of 24, added to 5 and reduced 8. The biggest buy was a new position in Modine Manufacturing (MOD) and the biggest sale Tesla (TSLA, shares −77% ).
Location HONG KONG, K3
CIK 0001745907
Portfolio Value $909.5M (Q1 2026) Holdings 37 stocks · $909.5M 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 Q4 2025 LITE Lumentum Holdings Inc. 198,356 $139.4M Add +0.3% CRCL Circle Internet Group Inc. 1,205,610 $115.0M Add +74.8% MOD Modine Manufacturing Co. 427,256 $92.6M New COHR Coherent Corp. 281,910 $67.2M New MSFT Microsoft Corp. 176,910 $65.5M New GOOGL Alphabet Inc. Class A 174,710 $50.2M Reduce -40.7% SNDK Sandisk Corp. 70,570 $44.8M Reduce -75.3% CIEN Ciena Corp. 88,110 $34.2M Reduce -29.4% TSLA Tesla Inc. 81,110 $30.2M Reduce -77.1% META Meta Platforms Inc. Class A 52,610 $30.1M Add +76.5% VCX Fundrise Innovation Fund LLC 203,104 $26.6M New PWR Quanta Services Inc. 47,600 $26.1M New RKLB Rocket Lab Corp. 371,400 $23.9M Add +53.9% TER Teradyne Inc. 66,662 $19.8M New AXTI Axt Inc. 334,402 $19.1M Reduce -76.0% MTZ Mastec Inc. 57,400 $18.5M New MTSI Macom Technology Solutions H 77,214 $17.1M New AAOI Applied Optoelectronics Inc. 177,410 $15.0M New MRVL Marvell Technology Inc. 139,292 $13.8M New EQIX Equinix Inc. 13,300 $13.0M New OKTA Okta Inc. 133,000 $10.5M New TTMI TTM Technologies 92,475 $9.0M Reduce -49.9% GLW Corning Inc. 46,500 $6.3M New SATL Satellogic Inc. Class A 920,000 $5.0M New LEU Centrus Energy Corp. Class A 27,136 $4.7M Reduce -84.3% API Agora Inc.-ADR 645,700 $2.3M No change IONQ Ionq Inc. 54,102 $1.6M No change AEIS Advanced Energy Industries 4,783 $1.5M New CIFR Cipher Digital Inc. 107,000 $1.4M No change RGTI Rigetti Computing Inc. 81,000 $1.1M No change QBTS D-Wave Quantum Inc. 67,300 $971K No change SMR Nuscale Power Corp. 84,036 $911K Add +97.2% BFLY Butterfly Network Inc. 218,000 $881K New DASH DoorDash Inc. Class A 4,700 $706K New NRG NRG Energy Inc. 4,000 $585K No change MU Micron Technology Inc. 10 $3K Reduce -99.9% ALAB Astera Labs Inc. 10 $1K New
Options reported separately and not counted above: QQQ puts ($467.2M), SPY puts ($422.7M), MSFT calls ($295.2M), SOXX puts ($168.4M), IWM puts ($127.7M), GLW calls ($112.9M), NVDA puts ($101.3M), TER calls ($57.8M), MOD calls ($50.2M), TSM puts ($45.1M), SNDK calls ($38.1M), BIZD puts ($32.0M), and 7 more.
Portfolio Sells Q4 2025 → Q1 2026 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 Q4 2025 % Of Portfolio Change To Portfolio ▲ TSLA Tesla Inc. Reduce -77.1% 3.32% −10.98 NVDA Nvidia Corp. Sold out 0.00% −8.92 ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −7.81 NBIS Nebius Group NV Sold out 0.00% −5.67 AMAT Applied Materials Inc. Sold out 0.00% −3.25 LEU Centrus Energy Corp. Class A Reduce -84.3% 0.52% −3.24 AVGO Broadcom Inc. Sold out 0.00% −3.05 LRCX Lam Research Corp. Sold out 0.00% −2.93 GOOGL Alphabet Inc. Class A Reduce -40.7% 5.52% −2.76 WDC Western Digital Corp. Sold out 0.00% −1.88 AMZN Amazon.com Inc. Sold out 0.00% −1.79 ORCL Oracle Corp. Sold out 0.00% −1.77 SNDK Sandisk Corp. Reduce -75.3% 4.93% −1.18 OKLO Oklo Inc. Sold out 0.00% −1.06 CLS Celestica Inc. Sold out 0.00% −0.91 BE Bloom Energy Corp. Class A Sold out 0.00% −0.88 KEYS Keysight Technologies Inc. Sold out 0.00% −0.79 LSCC Lattice Semiconductor Corp. Sold out 0.00% −0.75 SUPX Superx AI Technology Ltd. Sold out 0.00% −0.72 ONDS Ondas Inc. Sold out 0.00% −0.61 FTAI Ftai Aviation Ltd. Sold out 0.00% −0.54 HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.53 IREN Iren Ltd. Sold out 0.00% −0.45 CLSK Cleanspark Inc. Sold out 0.00% −0.44 HUT Hut 8 Corp. Sold out 0.00% −0.40 BITF Bitfarms Ltd./Canada Sold out 0.00% −0.34 MU Micron Technology Inc. Reduce -99.9% 0.00% −0.27 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.19 TTMI TTM Technologies Reduce -49.9% 0.99% −0.15 GOOG Alphabet Inc. Class C Sold out 0.00% −0.03 AXTI Axt Inc. Reduce -76.0% 2.10% +0.05 CIEN Ciena Corp. Reduce -29.4% 3.76% +1.14
Portfolio Buys Q4 2025 → Q1 2026 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 Q4 2025 % Of Portfolio Change To Portfolio ▼ MOD Modine Manufacturing Co. New 10.18% +10.18 LITE Lumentum Holdings Inc. Add +0.3% 15.33% +8.78 CRCL Circle Internet Group Inc. Add +74.8% 12.65% +7.73 COHR Coherent Corp. New 7.38% +7.38 MSFT Microsoft Corp. New 7.20% +7.20 VCX Fundrise Innovation Fund LLC New 2.92% +2.92 PWR Quanta Services Inc. New 2.87% +2.87 TER Teradyne Inc. New 2.17% +2.17 MTZ Mastec Inc. New 2.03% +2.03 MTSI Macom Technology Solutions H New 1.89% +1.89 AAOI Applied Optoelectronics Inc. New 1.65% +1.65 META Meta Platforms Inc. Class A Add +76.5% 3.31% +1.54 MRVL Marvell Technology Inc. New 1.52% +1.52 EQIX Equinix Inc. New 1.43% +1.43 OKTA Okta Inc. New 1.15% +1.15 RKLB Rocket Lab Corp. Add +53.9% 2.62% +1.11 GLW Corning Inc. New 0.70% +0.70 SATL Satellogic Inc. Class A New 0.55% +0.55 AEIS Advanced Energy Industries New 0.17% +0.17 BFLY Butterfly Network Inc. New 0.10% +0.10 DASH DoorDash Inc. Class A New 0.08% +0.08 SMR Nuscale Power Corp. Add +97.2% 0.10% +0.05 ALAB Astera Labs Inc. New 0.00% +0.00
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Add +225.8% 809,500 $467.2M SPY SS SPDR S&P 500 ETF Trust-US put New 650,000 $422.7M TSLA Tesla Inc. call Sold out 871,600 $392.0Mbefore exit MSFT Microsoft Corp. call New 797,600 $295.2M SOXX iShares Semiconductor ETF put Add +121.4% 512,500 $168.4M IWM iShares Russell 2000 ETF put New 515,000 $127.7M GLW Corning Inc. call New 830,000 $112.9M NVDA Nvidia Corp. put New 581,000 $101.3M DELL Dell Technologies -C put Sold out 600,000 $75.5Mbefore exit HPQ HP Inc. put Sold out 2,900,000 $64.6Mbefore exit TER Teradyne Inc. call New 195,000 $57.8M ORCL Oracle Corp. call Sold out 270,000 $52.6Mbefore exit MOD Modine Manufacturing Co. call New 231,500 $50.2M ASML ASML Holding NV-NY Reg SHS call Sold out 42,500 $45.5Mbefore exit TSM Taiwan Semiconductor-SP ADR put New 133,500 $45.1M SNDK Sandisk Corp. call Reduce -2.4% 60,000 $38.1M BIZD Vaneck BDC Income ETF put New 2,500,000 $32.0M MU Micron Technology Inc. call Reduce -27.6% 90,500 $30.6M FTAI Ftai Aviation Ltd. call Sold out 120,000 $23.6Mbefore exit LSCC Lattice Semiconductor Corp. call New 250,000 $23.2M SLV iShares Silver Trust put Sold out 330,000 $21.3Mbefore exit ALAB Astera Labs Inc. put Sold out 100,000 $16.6Mbefore exit GFS Globalfoundries Inc. call New 300,000 $13.3M SIMO Silicon Motion Technol-ADR call New 110,000 $12.4M ARKK ARK Innovation ETF put Reduce -64.7% 155,000 $10.5M GOOG Alphabet Inc. Class C call Sold out 23,500 $7.4Mbefore exit MU Micron Technology Inc. put New 15,500 $5.2M AVGO Broadcom Inc. call Sold out 14,500 $5.0Mbefore exit ALAB Astera Labs Inc. call New 32,500 $3.6M
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