Hel Ved Capital Management Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Hel Ved Capital Management Ltd reported 52 stock positions worth $578.1 million. Its top holding was Vaneck Semiconductor ETF (SMH) at 35.6% of the portfolio, followed by Qnity Electronics (Q, 8.0%) and Sandisk (SNDK, 7.6%). Compared with Q4 2025, it opened 26 new positions, sold out of 23, added to 4 and reduced 19. The biggest buy was a new position in Vaneck Semiconductor ETF (SMH) and the biggest sale Lumentum (LITE, shares −76%).

Most Recent 13F
Q2 2026
Location
CENTRAL, K3
CIK
0001840129
Portfolio Value
$578.1M (Q1 2026)
SEC Filing
0001840129-26-000006 ↗ filed May 15, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $403.1M Q1 2024 Q2 2024: $288.2M Q2 2024 Q3 2024: $212.3M Q3 2024 Q4 2024: $326.3M Q4 2024 Q1 2025: $198.3M Q1 2025 Q2 2025: $222.3M Q2 2025 Q3 2025: $184.3M Q3 2025 Q4 2025: $289.3M Q4 2025 Q1 2026: $578.1M $578.1M Q1 2026 Q2 2026: $709.7M Q2 2026

Holdings 52 stocks · $578.1M
SMH Vaneck Semiconductor ETF 35.56% 536,200 $205.6M New
Q Qnity Electronics Inc. 8.00% 400,725 $46.2M New
SNDK Sandisk Corp. 7.55% 68,714 $43.7M Add +72.4%
INTC Intel Corp. 5.34% 699,810 $30.9M New
CIEN Ciena Corp. 4.27% 63,629 $24.7M Reduce -9.2%
SOLS Solstice Adv Materials Inc. 2.87% 218,100 $16.6M Reduce -10.8%
CRWV Coreweave Inc. Class A 2.79% 208,300 $16.1M New
LITE Lumentum Holdings Inc. 2.69% 22,112 $15.5M Reduce -75.8%
MKSI MKS Inc. 2.10% 52,765 $12.1M New
MTSI Macom Technology Solutions H 2.01% 52,400 $11.6M New
GLW Corning Inc. 1.98% 84,210 $11.5M New
COHR Coherent Corp. 1.96% 47,575 $11.3M Reduce -52.5%
MTZ Mastec Inc. 1.73% 31,140 $10.0M Add +28.5%
AGX Argan Inc. 1.71% 18,167 $9.9M Reduce -34.0%
FIX Comfort Systems USA Inc. 1.33% 5,570 $7.7M New
FN Fabrinet 1.29% 14,250 $7.4M New
PRIM Primoris Services Corp. 1.12% 45,330 $6.5M Reduce -52.7%
TSLA Tesla Inc. 1.07% 16,622 $6.2M Reduce -47.2%
PSIX Power Solutions Internationa 1.06% 100,876 $6.1M Reduce -6.7%
LRCX Lam Research Corp. 0.92% 24,844 $5.3M Reduce -8.9%
WULF Terawulf Inc. 0.85% 341,010 $4.9M New
SEI Solaris Energy Infrastructur 0.84% 85,990 $4.9M New
AMTM Amentum Holdings Inc. 0.81% 178,500 $4.7M New
NVMI Nova Ltd. 0.69% 9,160 $4.0M New
HUT Hut 8 Corp. 0.68% 83,710 $3.9M New
NOK Nokia Corp.-Spon ADR 0.67% 479,500 $3.9M New
STRL Sterling Infrastructure Inc. 0.58% 8,300 $3.4M New
NET Cloudflare Inc. Class A 0.57% 16,080 $3.3M New
TTMI TTM Technologies 0.53% 31,500 $3.1M Reduce -8.7%
RIOT Riot Platforms Inc. 0.46% 214,020 $2.6M No change
GTX Garrett Motion Inc. 0.42% 133,000 $2.4M New
ENTG Entegris Inc. 0.41% 20,090 $2.4M Reduce -77.6%
DY Dycom Industries Inc. 0.39% 6,720 $2.3M New
ECG Everus Construction Group 0.37% 18,180 $2.1M Reduce -31.0%
MYRG MYR Group Inc./Delaware 0.36% 7,335 $2.1M Reduce -54.5%
EME Emcor Group Inc. 0.35% 2,775 $2.0M Reduce -42.5%
KEYS Keysight Technologies Inc. 0.33% 6,798 $1.9M Add +7.6%
BKR Baker Hughes Co. 0.30% 28,753 $1.8M New
LGN Legence Corp. Class A 0.29% 29,670 $1.7M Reduce -88.4%
DDOG Datadog Inc. Class A 0.27% 13,464 $1.6M Add +52.1%
CTRI Centuri Holdings Inc. 0.27% 54,000 $1.6M New
FFIV F5 Inc. 0.26% 5,100 $1.5M New
ALM Almonty Industries Inc. 0.25% 100,800 $1.5M New
U Unity Software Inc. 0.24% 62,422 $1.4M Reduce -43.0%
EH Ehang Holdings Ltd.-SPS ADR 0.23% 138,831 $1.3M Reduce -29.9%
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.23% 32,500 $1.3M New
AMPX Amprius Technologies Inc. 0.21% 71,850 $1.2M New
ESTC Elastic NV 0.20% 23,562 $1.2M No change
SNPS Synopsys Inc. 0.19% 2,765 $1.1M Reduce -57.2%
SNOW Snowflake Inc. 0.14% 5,425 $818K Reduce -57.7%
HSDT Solana Co. 0.13% 435,983 $754K No change
ENPH Enphase Energy Inc. 0.11% 17,500 $662K New

Options reported separately and not counted above: SMH puts ($205.6M), IWM puts ($41.4M), ARM puts ($12.9M), PL calls ($5.8M).

Portfolio Sells Q4 2025 → Q1 2026
LITE Lumentum Holdings Inc. Reduce -75.8% 2.69% −8.95
COHR Coherent Corp. Reduce -52.5% 1.96% −4.43
PONY Pony AI Inc. Sold out 0.00% −3.90
TSLA Tesla Inc. Reduce -47.2% 1.07% −3.82
LGN Legence Corp. Class A Reduce -88.4% 0.29% −3.51
PRIM Primoris Services Corp. Reduce -52.7% 1.12% −2.99
PWR Quanta Services Inc. Sold out 0.00% −2.91
AMAT Applied Materials Inc. Sold out 0.00% −2.86
SHLS Shoals Technologies Group -A Sold out 0.00% −2.37
BIDU Baidu Inc. - Spon ADR Sold out 0.00% −2.24
ENTG Entegris Inc. Reduce -77.6% 0.41% −2.21
NXT Nextpower Inc. Sold out 0.00% −2.14
PI Impinj Inc. Sold out 0.00% −1.91
FSLR First Solar Inc. Sold out 0.00% −1.72
CAT Caterpillar Inc. Sold out 0.00% −1.68
PDD PDD Holdings Inc. Sold out 0.00% −1.51
MU Micron Technology Inc. Sold out 0.00% −1.45
U Unity Software Inc. Reduce -43.0% 0.24% −1.44
CIEN Ciena Corp. Reduce -9.2% 4.27% −1.39
VNET Vnet Group Inc.-ADR Sold out 0.00% −1.30
AGX Argan Inc. Reduce -34.0% 1.71% −1.27
SOLS Solstice Adv Materials Inc. Reduce -10.8% 2.87% −1.23
SHOP Shopify Inc. Class A Sold out 0.00% −1.13
PSIX Power Solutions Internationa Reduce -6.7% 1.06% −1.07
TER Teradyne Inc. Sold out 0.00% −1.05
CHRW C.H. Robinson Worldwide Inc. Sold out 0.00% −1.04
MYRG MYR Group Inc./Delaware Reduce -54.5% 0.36% −0.86
SNPS Synopsys Inc. Reduce -57.2% 0.19% −0.86
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.86
SNOW Snowflake Inc. Reduce -57.7% 0.14% −0.83
FRMI Fermi Inc. Sold out 0.00% −0.75
LRCX Lam Research Corp. Reduce -8.9% 0.92% −0.70
EH Ehang Holdings Ltd.-SPS ADR Reduce -29.9% 0.23% −0.67
EME Emcor Group Inc. Reduce -42.5% 0.35% −0.67
FLNC Fluence Energy Inc. Sold out 0.00% −0.60
ALGM Allegro Microsystems Inc. Sold out 0.00% −0.57
BE Bloom Energy Corp. Class A Sold out 0.00% −0.48
FROG Jfrog Ltd. Sold out 0.00% −0.44
MNDY Monday.com Ltd. Sold out 0.00% −0.41
ECG Everus Construction Group Reduce -31.0% 0.37% −0.41
SBET Sharplink Inc. Sold out 0.00% −0.33
TTMI TTM Technologies Reduce -8.7% 0.53% −0.29

Portfolio Buys Q4 2025 → Q1 2026
SMH Vaneck Semiconductor ETF New 35.56% +35.56
Q Qnity Electronics Inc. New 8.00% +8.00
INTC Intel Corp. New 5.34% +5.34
SNDK Sandisk Corp. Add +72.4% 7.55% +4.28
CRWV Coreweave Inc. Class A New 2.79% +2.79
MKSI MKS Inc. New 2.10% +2.10
MTSI Macom Technology Solutions H New 2.01% +2.01
GLW Corning Inc. New 1.98% +1.98
FIX Comfort Systems USA Inc. New 1.33% +1.33
FN Fabrinet New 1.29% +1.29
WULF Terawulf Inc. New 0.85% +0.85
SEI Solaris Energy Infrastructur New 0.84% +0.84
AMTM Amentum Holdings Inc. New 0.81% +0.81
NVMI Nova Ltd. New 0.69% +0.69
HUT Hut 8 Corp. New 0.68% +0.68
NOK Nokia Corp.-Spon ADR New 0.67% +0.67
STRL Sterling Infrastructure Inc. New 0.58% +0.58
NET Cloudflare Inc. Class A New 0.57% +0.57
GTX Garrett Motion Inc. New 0.42% +0.42
DY Dycom Industries Inc. New 0.39% +0.39
BKR Baker Hughes Co. New 0.30% +0.30
CTRI Centuri Holdings Inc. New 0.27% +0.27
FFIV F5 Inc. New 0.26% +0.26
ALM Almonty Industries Inc. New 0.25% +0.25
GDS GDS Holdings Ltd. - ADR New 0.23% +0.23
AMPX Amprius Technologies Inc. New 0.21% +0.21
ENPH Enphase Energy Inc. New 0.11% +0.11
MTZ Mastec Inc. Add +28.5% 1.73% −0.09
KEYS Keysight Technologies Inc. Add +7.6% 0.33% −0.11
DDOG Datadog Inc. Class A Add +52.1% 0.27% −0.14

Options Activity Q4 2025 → Q1 2026
SMH Vaneck Semiconductor ETF put Add +428.3% 536,200 $205.6M
IWM iShares Russell 2000 ETF put New 166,900 $41.4M
MU Micron Technology Inc. call Sold out 106,000 $30.3Mbefore exit
TSLA Tesla Inc. call Sold out 35,500 $16.0Mbefore exit
ARM Arm Holdings PLC-ADR put New 85,000 $12.9M
PL Planet Labs PBC call New 207,000 $5.8M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 63$709.7MSNDK, GLW, SOXX, INTC, QCOM
Q1 2026 52$578.1MSMH, Q, SNDK, INTC, CIEN
Q4 2025 49$289.3MLITE, COHR, CIEN, TSLA, PRIM
Q3 2025 62$184.3MPONY, EDU, PSIX, KEYS, PRIM
Q2 2025 58$222.3MLITE, QQQ, EDU, AMD, LX
Q1 2025 61$198.3MTSM, LX, MU, EDU, LRCX
Q4 2024 76$326.3MFLEX, LITE, KEYS, PONY, EDU
Q3 2024 50$212.3MEDU, COIN, IWM, GEV, AMKR
Q2 2024 47$288.2MCOIN, GEV, EDU, DELL, SE
Q1 2024 49$403.1MCOIN, VRT, TSM, PDD, STX