Ariose Capital Management Ltd

CIK

1665925

Location

CENTRAL, HONG KONG, K3

Portfolio Value

Small $143,352,318

Diversification

Moderately concentrated

Filing Date

Global Rank

#4,941 / 8,605 ▼ 1418 · as of Mar 2026

Top Industry

Semiconductor Equipment & Materials 34.0%

3Y Alpha vs SPY

-18.6%

Period ended 3 months ago

Filed Apr 28, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+8.9%

SPY

+76.5%

Annualised alpha

-18.0%

Max drawdown

−36.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

13 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

27.2%

+2.9 pts

Top 5

80.6%

+0.1 pts

Top 10

97.1%

−1.1 pts

HHI

1,766

Moderately concentrated+213

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	93.0%	$133,291,371	10
Basic Materials	2.7%	$3,826,337	1
Energy	2.6%	$3,742,700	1
Communication Services	1.7%	$2,491,910	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
JOYY	JOYY Inc.	−337,160	42,677	$2,491,910
NVDA	Nvidia Corp	−317,300	8,400	$1,464,960
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
AXTI	Axt Inc	685,524	$39,061,157
STX	Seagate Technology Holdings plc	96,600	$37,844,016
GLW	Corning Inc /Ny	126,729	$17,231,342
VICR	Vicor Corp	72,788	$11,718,868
AAOI	Applied Optoelectronics, Inc.	104,000	$8,797,360
NOK	Nokia Corp	598,086	$4,808,611
SGML	Sigma Lithium Corp	310,076	$3,826,337
CCJ	Cameco Corp	34,460	$3,742,700
LITE	Lumentum Holdings Inc.	2,784	$1,956,483
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
GOOGL	Alphabet Inc.	218,887	$68,511,631
U	Unity Software Inc.	924,583	$40,838,831
TER	Teradyne, Inc	166,627	$32,252,322
NFLX	Netflix Inc	189,900	$17,805,024
SLV	iShares Silver Trust	146,200	$9,418,204
NBP	NovaBridge Biosciences	1,363,515	$5,426,789
CAMT	Camtek Ltd	36,700	$3,903,045
MLI	Mueller Industries Inc	33,212	$1,906,368
KLAC	Kla Corp	13,300	$1,616,056
QFIN	Qfin Holdings, Inc.	31,574	$608,430
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

13 positions · $143,352,318 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Energy Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AXTI	Axt Inc Technology	NEW	685,524	NEW	$39,061,157	NEW	27.25%
STX	Seagate Technology Holdings plc Technology	NEW	96,600	NEW	$37,844,016	NEW	26.40%
GLW	Corning Inc /Ny Technology	NEW	126,729	NEW	$17,231,342	NEW	12.02%
VICR	Vicor Corp Technology	NEW	72,788	NEW	$11,718,868	NEW	8.17%
DQ	Daqo New Energy Corp. Technology	Held	457,155	0	$9,723,686	−27.9%	6.78%
AAOI	Applied Optoelectronics, Inc. Technology	NEW	104,000	NEW	$8,797,360	NEW	6.14%
NOK	Nokia Corp Technology	NEW	598,086	NEW	$4,808,611	NEW	3.35%
SGML	Sigma Lithium Corp Basic Materials	NEW	310,076	NEW	$3,826,337	NEW	2.67%
CCJ	Cameco Corp Energy	NEW	34,460	NEW	$3,742,700	NEW	2.61%
JOYY	JOYY Inc. Communication Services	Reduced	42,677	-337,160	$2,491,910	−89.9%	1.74%
LITE	Lumentum Holdings Inc. Technology	NEW	2,784	NEW	$1,956,483	NEW	1.36%
NVDA	Nvidia Corp Technology	Reduced	8,400	-317,300	$1,464,960	−97.6%	1.02%
YALA	Yalla Group Ltd Technology	Held	109,934	0	$684,888	−10.2%	0.48%