Valliance Asset Management Ltd In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Valliance Asset Management Ltd reported 23 stock positions worth $26.4 million . Its top holding was Lam Research (LRCX) at 13.8% of the portfolio, followed by Vistra (VST, 8.9% ) and Ecarx Class A (ECX, 8.5% ). Compared with Q4 2024, it opened 18 new positions, sold out of 12, added to 2 and reduced 3. The biggest buy was a new position in Lam Research (LRCX) and the biggest sale an exit from Credo Technology Group Holdi (CRDO).
Location CENTRAL, K3
CIK 0001846639
Portfolio Value $26.4M (Q1 2025) Holdings 23 stocks · $26.4M 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 2024 LRCX Lam Research Corp. 50,000 $3.6M New VST Vistra Corp. 20,000 $2.3M New ECX Ecarx Holdings Inc. Class A 1,787,105 $2.3M New QRVO Qorvo Inc. 30,000 $2.2M New CFLT Confluent Inc. Class A 75,000 $1.8M Reduce -44.4% GEV GE Vernova Inc. 5,550 $1.7M New VNET Vnet Group Inc.-ADR 200,000 $1.6M New VRT Vertiv Holdings Co. Class A 20,000 $1.4M New FORM Formfactor Inc. 50,000 $1.4M New RBRK Rubrik Inc. Class A 20,000 $1.2M New AFRM Affirm Holdings Inc. 25,000 $1.1M New AMBA Ambarella Inc. 20,000 $1.0M New SNOW Snowflake Inc. 5,000 $731K New MNDY Monday.com Ltd. 3,000 $729K New NVDA Nvidia Corp. 5,000 $542K New CEG Constellation Energy 2,500 $504K New MU Micron Technology Inc. 5,000 $434K Add +51.9% HOOD Robinhood Markets Inc. Class A 10,065 $419K Reduce -79.9% KEYS Keysight Technologies Inc. 2,500 $374K Reduce -75.0% TWLO Twilio Inc. Class A 2,500 $245K New SNDK Sandisk Corp. 5,018 $239K Add +146.6% INTC Intel Corp. 10,000 $227K New TER Teradyne Inc. 2,500 $207K New
Options reported separately and not counted above: ASHR calls ($17.8M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $31K (not counted above) Total filed on the 13F, all lines: $26.4M.
Portfolio Sells Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▲ CRDO Credo Technology Group Holdi Sold out 0.00% −16.87 DDOG Datadog Inc. Class A Sold out 0.00% −11.95 ANET Arista Networks Inc. Sold out 0.00% −9.25 NOW ServiceNow Inc. Sold out 0.00% −7.10 LITE Lumentum Holdings Inc. Sold out 0.00% −7.02 CRM Salesforce Inc. Sold out 0.00% −6.71 CFLT Confluent Inc. Class A Reduce -44.4% 6.67% −5.96 APP AppLovin Corp. Class A Sold out 0.00% −5.42 HOOD Robinhood Markets Inc. Class A Reduce -79.9% 1.59% −4.65 KEYS Keysight Technologies Inc. Reduce -75.0% 1.42% −3.96 IOT Samsara Inc. Class A Sold out 0.00% −3.66 HUBS HubSpot Inc. Sold out 0.00% −3.50 ESTC Elastic NV Sold out 0.00% −1.41 WDC Western Digital Corp. Sold out 0.00% −1.22 BTDR Bitdeer Technologies Group-A Sold out 0.00% −0.73
Portfolio Buys Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▼ LRCX Lam Research Corp. New 13.79% +13.79 VST Vistra Corp. New 8.91% +8.91 ECX Ecarx Holdings Inc. Class A New 8.54% +8.54 QRVO Qorvo Inc. New 8.24% +8.24 GEV GE Vernova Inc. New 6.43% +6.43 VNET Vnet Group Inc.-ADR New 6.22% +6.22 VRT Vertiv Holdings Co. Class A New 5.48% +5.48 FORM Formfactor Inc. New 5.36% +5.36 RBRK Rubrik Inc. Class A New 4.63% +4.63 AFRM Affirm Holdings Inc. New 4.28% +4.28 AMBA Ambarella Inc. New 3.82% +3.82 SNOW Snowflake Inc. New 2.77% +2.77 MNDY Monday.com Ltd. New 2.77% +2.77 NVDA Nvidia Corp. New 2.06% +2.06 CEG Constellation Energy New 1.91% +1.91 TWLO Twilio Inc. Class A New 0.93% +0.93 INTC Intel Corp. New 0.86% +0.86 TER Teradyne Inc. New 0.78% +0.78 MU Micron Technology Inc. Add +51.9% 1.65% +0.72 SNDK Sandisk Corp. Add +146.6% 0.91% +0.58
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ ASHR Xtrackers Harvest Csi 300 CH call New 670,000 $17.8M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025 Security Class Change vs Q4 2024 Shares / Principal Value ▼ IQIYI INC (IQ 6.5 03/15/28) NOTE 6.500% 3/1 · principal Sold out 27,000,000 $25.8Mbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 7 $864.3M SNDK, MU, ALAB, INTC, VSH Q1 2026 8 $121.9M LITE, SNDK, TSEM, NBIS, AXTI Q4 2025 7 $72.9M MU, SNDK, CRWV, ASML, COHR Q3 2025 0 $0 Q2 2025 4 $12.7M COHR, COIN, TTMI, VNET Q1 2025 23 $26.4M LRCX, VST, ECX, QRVO, CFLT Q4 2024 16 $29.9M CRDO, CFLT, DDOG, ANET, NOW Q3 2024 5 $55.1M TCOM, AVGO, AMD, AAPL, FUTU Q2 2024 11 $33.4M AAPL, MU, TSM, TCOM, NVDA Q1 2024 6 $12.6M EQIX, AMZN, DLR, SNOW, APH