AI-Squared Management Ltd

CIK

1933952

Location

HONG KONG, K3

Portfolio Value

Small $187,484,883

Diversification

Diversified

Filing Date

Global Rank

#4,678 / 8,633 ▲ 603

Top Industry

Internet Retail 27.0%

3Y Alpha vs SPY

+18.5%

Period ended 51 days ago

Filed Aug 12, 2026 · 8d

11 quarters · since Dec 2023

Clone Performance

Feb 2024–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of AI-Squared Management Ltd's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 79% that is ordinary stock — as little as 14% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+123.6%

SPY

+54.3%

Annualised alpha

+18.9%

Max drawdown

−29.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 79% of reported value on average across 11 quarters. Past performance does not predict future results.

Portfolio Concentration

19 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

13.3%

−5.2 pts

Top 5

47.1%

−6.7 pts

Top 10

74.1%

−2.4 pts

HHI

701

Diversified−131

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	42.7%	$80,041,346	10
Consumer Cyclical	34.3%	$64,340,022	5
Communication Services	14.4%	$27,078,024	2
Healthcare	8.3%	$15,562,029	1
Financial Services	0.2%	$463,462	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
VNET	VNET Group, Inc.	+412,100	1,026,500	$8,253,060
STAA	Staar Surgical Co	+274,336	542,420	$15,562,029
BABA	Alibaba Group Holding Ltd	+126,536	132,236	$12,692,011
BIDU	Baidu, Inc.	+91,750	156,308	$17,864,441
TCOM	Trip.com Group Ltd	+7,010	101,800	$4,055,712
ATAT	Atour Lifestyle Holdings Ltd	+6,300	301,984	$9,603,091
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+4,395	17,800	$8,500,746
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
AMD	Advanced Micro Devices Inc	−48,300	7,600	$4,414,916
MU	Micron Technology Inc	−32,084	5,300	$6,117,737
SNDK	Sandisk Corp	−13,740	7,400	$16,825,602
NVDA	Nvidia Corp	−5,525	34,200	$6,843,078
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
PDD	PDD Holdings Inc.	327,700	$24,996,956
JD	JD.com, Inc.	509,900	$12,992,252
QCOM	Qualcomm Inc/De	57,990	$10,715,972
NBIS	Nebius Group N.V.	33,362	$9,213,583
CRWV	CoreWeave, Inc.	69,661	$6,934,055
CBRS	Cerebras Systems Inc.	26,900	$5,944,900
NOK	Nokia Corp	413,500	$5,491,280
CRCL	Circle Internet Group, Inc.	7,400	$463,462
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
LITE	Lumentum Holdings Inc.	36,321	$25,524,945
DOCN	DigitalOcean Holdings, Inc.	81,500	$6,991,070
FUTU	Futu Holdings Ltd	33,767	$4,617,974
TER	Teradyne, Inc	15,500	$4,595,130
GDS	GDS Holdings Ltd	106,200	$4,278,798
RMBS	Rambus Inc	49,578	$4,265,195
META	Meta Platforms, Inc.	4,020	$2,299,962
SNPS	Synopsys Inc	5,728	$2,271,037
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

19 tracked positions · $187,484,883 total · filing declares 19 positions · $187,484,886 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PDD	PDD Holdings Inc. Consumer Cyclical	NEW	327,700	NEW	$24,996,956	NEW	13.33%
BIDU	Baidu, Inc. Communication Services	Added	156,308	+91,750	$17,864,441	+148.4%	9.53%
SNDK	Sandisk Corp Technology	Reduced	7,400	-13,740	$16,825,602	+25.3%	8.97%
STAA	Staar Surgical Co Healthcare	Added	542,420	+274,336	$15,562,029	+210.4%	8.30%
JD	JD.com, Inc. Consumer Cyclical	NEW	509,900	NEW	$12,992,252	NEW	6.93%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	132,236	+126,536	$12,692,011	+1674.8%	6.77%
QCOM	Qualcomm Inc/De Technology	NEW	57,990	NEW	$10,715,972	NEW	5.72%
ATAT	Atour Lifestyle Holdings Ltd Consumer Cyclical	Added	301,984	+6,300	$9,603,091	−11.8%	5.12%
NBIS	Nebius Group N.V. Communication Services	NEW	33,362	NEW	$9,213,583	NEW	4.91%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	17,800	+4,395	$8,500,746	+87.6%	4.53%
VNET	VNET Group, Inc. Technology	Added	1,026,500	+412,100	$8,253,060	+60.1%	4.40%
CRWV	CoreWeave, Inc. Technology	NEW	69,661	NEW	$6,934,055	NEW	3.70%
NVDA	Nvidia Corp Technology	Reduced	34,200	-5,525	$6,843,078	−1.2%	3.65%
MU	Micron Technology Inc Technology	Reduced	5,300	-32,084	$6,117,737	−51.6%	3.26%
CBRS	Cerebras Systems Inc. Technology	NEW	26,900	NEW	$5,944,900	NEW	3.17%
NOK	Nokia Corp Technology	NEW	413,500	NEW	$5,491,280	NEW	2.93%
AMD	Advanced Micro Devices Inc Technology	Reduced	7,600	-48,300	$4,414,916	−61.2%	2.35%
TCOM	Trip.com Group Ltd Consumer Cyclical	Added	101,800	+7,010	$4,055,712	−14.1%	2.16%
CRCL	Circle Internet Group, Inc. Financial Services	NEW	7,400	NEW	$463,462	NEW	0.25%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.