UG Investment Advisers Ltd.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), UG Investment Advisers Ltd. reported 12 stock positions worth $109.6 million. Its top holding was Micron Technology (MU) at 28.2% of the portfolio, followed by Alibaba Group Holding-SP ADR (BABA, 17.0%) and Qualcomm (QCOM, 16.6%). Compared with Q4 2025, it opened 4 new positions and reduced 6. The biggest buy was a new position in Lumentum (LITE) and the biggest sale Alibaba Group Holding-SP ADR (BABA, shares −89%).

Most Recent 13F
Q2 2026
Location
SINGAPORE, U0
CIK
0001697814
Portfolio Value
$109.6M (Q1 2026)
SEC Filing
0001697814-26-000005 ↗ filed Apr 23, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $299.7M Q1 2024 Q2 2024: $292.8M Q2 2024 Q3 2024: $266.2M Q3 2024 Q4 2024: $255.5M Q4 2024 Q1 2025: $364.1M Q1 2025 Q2 2025: $466.9M Q2 2025 Q3 2025: $582.8M Q3 2025 Q4 2025: $384.8M Q4 2025 Q1 2026: $109.6M $109.6M Q1 2026 Q2 2026: $93.3M Q2 2026

Holdings 12 stocks · $109.6M
MU Micron Technology Inc. 28.20% 91,478 $30.9M Reduce -71.0%
BABA Alibaba Group Holding-SP ADR 17.03% 148,819 $18.7M Reduce -89.0%
QCOM Qualcomm Inc. 16.55% 140,886 $18.1M Reduce -67.9%
NVDA Nvidia Corp. 8.67% 54,483 $9.5M No change
LITE Lumentum Holdings Inc. 6.86% 10,700 $7.5M New
COHR Coherent Corp. 5.74% 26,400 $6.3M New
ROG Rogers Corp. 5.24% 53,563 $5.7M New
AVGO Broadcom Inc. 3.69% 13,061 $4.0M Reduce -8.4%
BZ Kanzhun Ltd. - ADR 3.62% 296,444 $4.0M New
VIXY Proshares Vix Short-Term Fut 2.78% 88,730 $3.0M Reduce -13.9%
AMKR Amkor Technology Inc. 1.62% 39,326 $1.8M Reduce -44.6%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.00% 54 $808 No change
Other holdings (3): bonds, preferreds, convertibles and warrants · $38.6M (not counted above)
SecurityClassShares / PrincipalValueChange
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 21,000,000$20.8MNo change
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 12,440,000$16.9MReduce -28.7%
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal 1,000,000$795KNo change

Total filed on the 13F, all lines: $148.2M.

Portfolio Sells Q4 2025 → Q1 2026
BABA Alibaba Group Holding-SP ADR Reduce -89.0% 17.03% −34.75
QCOM Qualcomm Inc. Reduce -67.9% 16.55% −2.96
AMKR Amkor Technology Inc. Reduce -44.6% 1.62% +0.89
VIXY Proshares Vix Short-Term Fut Reduce -13.9% 2.78% +2.09
AVGO Broadcom Inc. Reduce -8.4% 3.69% +2.41
MU Micron Technology Inc. Reduce -71.0% 28.20% +4.83

Portfolio Buys Q4 2025 → Q1 2026
LITE Lumentum Holdings Inc. New 6.86% +6.86
COHR Coherent Corp. New 5.74% +5.74
ROG Rogers Corp. New 5.24% +5.24
BZ Kanzhun Ltd. - ADR New 3.62% +3.62

Notes & Other Activity Q4 2025 → Q1 2026
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Reduce -28.7% 12,440,000 $16.9M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$93.3MORCL, BABA, NVDA, SPCX, ROG
Q1 2026 12$109.6MMU, BABA, QCOM, NVDA, LITE
Q4 2025 8$384.8MBABA, MU, QCOM, NVDA, AVGO
Q3 2025 10$582.8MBABA, QCOM, MU, BEKE, VCSH
Q2 2025 9$466.9MBABA, MU, QCOM, AMKR, BEKE
Q1 2025 11$364.1MBABA, QCOM, MU, BEKE, AAPL
Q4 2024 9$255.5MBABA, MU, AAPL, QCOM, BEKE
Q3 2024 11$266.2MBABA, AAPL, QCOM, MU, TSLA
Q2 2024 10$292.8MQCOM, MU, AAPL, BABA, TSLA
Q1 2024 12$299.7MQCOM, HPE, MU, BABA, AAPL