Value Aligned Research Advisors, LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 18, 2026), Value Aligned Research Advisors, LLC reported 53 stock positions worth $8.4 billion . Its top holding was Lumentum (LITE) at 8.8% of the portfolio, followed by Coreweave Class A (CRWV, 7.6% ) and Bloom Energy Class A (BE, 7.4% ). Compared with Q4 2025, it opened 13 new positions, sold out of 7, added to 21 and reduced 10. The biggest buy was a new position in Western Digital (WDC) and the biggest sale GE Vernova (GEV, shares −84% ).
Location PRINCETON, NJ
CIK 0001963565
Portfolio Value $8.4B (Q1 2026) Holdings 53 stocks · $8.4B 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. 1,057,260 $743.0M Reduce -9.8% CRWV Coreweave Inc. Class A 8,280,763 $641.5M Add +37.4% BE Bloom Energy Corp. Class A 4,584,731 $621.2M Add +31.9% NBIS Nebius Group NV 5,813,450 $603.2M Add +75.9% VRT Vertiv Holdings Co. Class A 1,939,869 $486.1M Reduce -10.7% CLS Celestica Inc. 1,491,494 $420.1M Add +29.7% STX Seagate Technology Holdings 914,657 $358.3M Add +624.3% WDC Western Digital Corp. 1,295,439 $350.4M New COHR Coherent Corp. 1,285,200 $306.1M Reduce -3.8% FIX Comfort Systems USA Inc. 213,637 $294.6M Add +45.3% EQT Eqt Corp. 4,187,988 $266.5M Add +43.6% FTAI Ftai Aviation Ltd. 1,070,892 $262.4M New FCX Freeport-McMoran Inc. 4,421,462 $259.9M New AMAT Applied Materials Inc. 731,704 $250.1M Add +36.0% LRCX Lam Research Corp. 1,100,556 $235.1M Add +55.7% KLAC KLA Corp. 143,401 $211.1M Add +182.4% EME Emcor Group Inc. 223,521 $165.0M Add +101.2% IREN Iren Ltd. filed as IREN LIMITED 4,767,607 $163.4M Add +35.6% APLD Applied Digital Corp. 6,668,311 $158.3M Add +18.2% NVDA Nvidia Corp. 853,696 $148.9M Add +777.8% CIFR Cipher Digital Inc. 11,001,606 $141.6M Add +47.7% HUT Hut 8 Corp. 2,882,566 $135.2M Add +3.4% CORZ Core Scientific Inc. 7,718,962 $115.5M Reduce -4.6% WULF Terawulf Inc. 7,848,232 $113.2M New AAOI Applied Optoelectronics Inc. 1,267,938 $107.3M New ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 70,548 $93.2M Add +34652.7% MU Micron Technology Inc. 218,808 $73.9M No change SNOW Snowflake Inc. 481,340 $72.6M Add +54.2% SNDK Sandisk Corp. 105,199 $66.8M New RIOT Riot Platforms Inc. 5,176,918 $64.0M Reduce -46.2% ALAB Astera Labs Inc. 568,316 $62.3M No change SEI Solaris Energy Infrastructur 896,985 $50.7M Reduce -8.1% TSEM Tower Semiconductor Ltd. 270,441 $47.5M New GEV GE Vernova Inc. 44,433 $38.8M Reduce -83.6% ACMR Acm Research Inc. Class A 955,927 $37.6M New STRL Sterling Infrastructure Inc. 89,472 $36.4M New LBRT Liberty Energy Inc. 1,264,006 $36.4M New BTDR Bitdeer Technologies Group-A 4,046,213 $35.0M Add +23.8% TAC Transalta Corp. 2,596,273 $34.1M New TLN Talen Energy Corp. 69,703 $22.3M Reduce -55.7% INTC Intel Corp. 503,741 $22.2M New LGN Legence Corp. Class A 308,141 $17.4M Add +22.4% ORCL Oracle Corp. 115,078 $16.9M Reduce -18.6% BITF Bitfarms Ltd./Canada 7,815,121 $15.2M New AVGO Broadcom Inc. 48,911 $15.1M Reduce -77.8% BKV BKV Corporation 323,051 $9.2M Add +68.0% TSSI TSS Inc. 460,510 $6.0M No change HNRG Hallador Energy Co. 320,759 $5.2M No change GOOGL Alphabet Inc. Class A 11,502 $3.3M No change GOOG Alphabet Inc. Class C 4,785 $1.4M No change AMZN Amazon.com Inc. 4,922 $1.0M No change TSM Taiwan Semiconductor-SP ADR 680 $230K No change MSFT Microsoft Corp. 374 $138K No change
Options reported separately and not counted above: NVDA calls ($3.0B), GOOGL calls ($2.3B), AMZN calls ($2.1B), TSM calls ($930.3M), TSM puts ($635.8M), INTC calls ($558.4M), ORCL calls ($334.6M), AVGO calls ($283.8M), ASML calls ($275.7M), MU calls ($242.8M), NVDA puts ($174.6M), MSFT calls ($167.8M), and 42 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 ▲ GEV GE Vernova Inc. Reduce -83.6% 0.46% −3.17 VST Vistra Corp. Sold out 0.00% −2.37 CEG Constellation Energy Sold out 0.00% −2.15 RIOT Riot Platforms Inc. Reduce -46.2% 0.76% −1.74 VRT Vertiv Holdings Co. Class A Reduce -10.7% 5.76% −1.46 COHR Coherent Corp. Reduce -3.8% 3.63% −1.42 AVGO Broadcom Inc. Reduce -77.8% 0.18% −1.38 CORZ Core Scientific Inc. Reduce -4.6% 1.37% −1.05 TLN Talen Energy Corp. Reduce -55.7% 0.26% −0.94 AGX Argan Inc. Sold out 0.00% −0.83 GTLB Gitlab Inc. Class A Sold out 0.00% −0.56 GLXY Galaxy Digital Inc. Class A Sold out 0.00% −0.49 NRG NRG Energy Inc. Sold out 0.00% −0.44 ORCL Oracle Corp. Reduce -18.6% 0.20% −0.36 SEI Solaris Energy Infrastructur Reduce -8.1% 0.60% −0.32 AAON Aaon Inc. Sold out 0.00% −0.07 LITE Lumentum Holdings Inc. Reduce -9.8% 8.80% −0.05
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 ▼ WDC Western Digital Corp. New 4.15% +4.15 STX Seagate Technology Holdings Add +624.3% 4.24% +3.53 FTAI Ftai Aviation Ltd. New 3.11% +3.11 FCX Freeport-McMoran Inc. New 3.08% +3.08 NBIS Nebius Group NV Add +75.9% 7.14% +1.48 NVDA Nvidia Corp. Add +777.8% 1.76% +1.39 WULF Terawulf Inc. New 1.34% +1.34 AAOI Applied Optoelectronics Inc. New 1.27% +1.27 KLAC KLA Corp. Add +182.4% 2.50% +1.24 BE Bloom Energy Corp. Class A Add +31.9% 7.36% +1.17 ASML ASML Holding NV-NY Reg SHS Add +34652.7% 1.10% +1.10 SNDK Sandisk Corp. New 0.79% +0.79 FIX Comfort Systems USA Inc. Add +45.3% 3.49% +0.68 TSEM Tower Semiconductor Ltd. New 0.56% +0.56 EME Emcor Group Inc. Add +101.2% 1.95% +0.56 ACMR Acm Research Inc. Class A New 0.45% +0.45 STRL Sterling Infrastructure Inc. New 0.43% +0.43 LBRT Liberty Energy Inc. New 0.43% +0.43 TAC Transalta Corp. New 0.40% +0.40 LRCX Lam Research Corp. Add +55.7% 2.79% +0.31 INTC Intel Corp. New 0.26% +0.26 BITF Bitfarms Ltd./Canada New 0.18% +0.18 AMAT Applied Materials Inc. Add +36.0% 2.96% +0.13 BKV BKV Corporation Add +68.0% 0.11% +0.00 LGN Legence Corp. Class A Add +22.4% 0.21% −0.02 EQT Eqt Corp. Add +43.6% 3.16% −0.05 BTDR Bitdeer Technologies Group-A Add +23.8% 0.41% −0.34 SNOW Snowflake Inc. Add +54.2% 0.86% −0.54 CIFR Cipher Digital Inc. Add +47.7% 1.68% −0.58 IREN Iren Ltd. Add +35.6% 1.94% −0.78 APLD Applied Digital Corp. Add +18.2% 1.87% −0.96 HUT Hut 8 Corp. Add +3.4% 1.60% −1.02 CRWV Coreweave Inc. Class A Add +37.4% 7.60% −1.25 CLS Celestica Inc. Add +29.7% 4.98% −1.99
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ NVDA Nvidia Corp. call Add +207.2% 17,434,300 $3.0B GOOGL Alphabet Inc. Class A call Add +389.8% 8,005,500 $2.3B AMZN Amazon.com Inc. call Add +384.8% 9,905,900 $2.1B TSM Taiwan Semiconductor-SP ADR call Add +50.6% 2,752,800 $930.3M TSM Taiwan Semiconductor-SP ADR put Add +45.0% 1,881,300 $635.8M INTC Intel Corp. call Add +14.8% 12,653,400 $558.4M ORCL Oracle Corp. call Add +339.1% 2,274,700 $334.6M AVGO Broadcom Inc. call Add +5.1% 916,800 $283.8M ASML ASML Holding NV-NY Reg SHS call New 208,700 $275.7M MSFT Microsoft Corp. call Add +6.9% 453,300 $167.8M AMD Advanced Micro Devices call Add +72.5% 763,000 $155.2M VRT Vertiv Holdings Co. Class A call Add +36.2% 496,700 $124.5M CRWV Coreweave Inc. Class A call Add +217.7% 1,503,500 $116.5M FCX Freeport-McMoran Inc. call New 1,742,300 $102.4M ZM Zoom Communications Inc. call New 1,101,700 $88.6M EQT Eqt Corp. call Add +374.8% 1,308,600 $83.3M AMAT Applied Materials Inc. call Add +63.6% 151,500 $51.8M NBIS Nebius Group NV call Add +87.1% 428,000 $44.4M LRCX Lam Research Corp. call Add +40.2% 206,600 $44.1M SNDK Sandisk Corp. call New 56,100 $35.6M KLAC KLA Corp. call New 18,300 $26.9M QCOM Qualcomm Inc. put Reduce -46.0% 169,800 $21.9M IREN Iren Ltd. call New 622,300 $21.3M VST Vistra Corp. call Add +52.3% 136,000 $20.4M SNOW Snowflake Inc. call Add +168.8% 132,800 $20.0M CEG Constellation Energy call Add +78.4% 68,700 $19.2M WULF Terawulf Inc. call New 1,227,000 $17.7M AAPL Apple Inc. put Reduce -79.0% 55,400 $14.1M EEM iShares MSCI Emerging Market put Reduce -50.7% 224,100 $12.7M FTAI Ftai Aviation Ltd. call New 50,300 $12.3M HUT Hut 8 Corp. call New 229,100 $10.7M GEV GE Vernova Inc. put Sold out 14,200 $9.3Mbefore exit TSEM Tower Semiconductor Ltd. call New 39,200 $6.9M APLD Applied Digital Corp. call New 264,200 $6.3M CIFR Cipher Digital Inc. call New 449,500 $5.8M VST Vistra Corp. put Reduce -54.7% 23,500 $3.5M AAOI Applied Optoelectronics Inc. call New 25,500 $2.2M EWT iShares MSCI Taiwan ETF put Sold out 5,000 $318Kbefore exit GTLB Gitlab Inc. Class A call Sold out 7,800 $293Kbefore exit BITF Bitfarms Ltd./Canada call New 127,800 $249K LBRT Liberty Energy Inc. call New 8,300 $239K STX Seagate Technology Holdings call New 100 $39K ACMR Acm Research Inc. Class A call New 100 $4K BTDR Bitdeer Technologies Group-A call New 200 $2K
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 59 $16.7B BE, NBIS, CRWV, INTC, MU Q1 2026 53 $8.4B LITE, CRWV, BE, NBIS, VRT Q4 2025 47 $4.9B LITE, CRWV, VRT, CLS, BE Q3 2025 Amended 42 $4.3B CRWV, VRT, CLS, CEG, VST Q2 2025 35 $2.2B VST, MU, CEG, VRT, GEV Q1 2025 33 $1.2B VST, GEV, MU, CEG, VRT Q4 2024 Amended 27 $358.0M VRT, MRVL, GEV, ONTO, RIOT Q3 2024 21 $384.9M MRVL, ONTO, AMAT, VRT, LRCX Q2 2024 20 $456.4M AMAT, LRCX, MRVL, ONTO, VRT Q1 2024 19 $507.0M AMD, SMCI, LRCX, AMAT, CDNS