← Latest Value Aligned Research Advisors portfolio

Value Aligned Research Advisors portfolio · 2025-06-30

Form 13F reports holdings as of 2025-06-30 and was filed on 2025-08-14. It is delayed, can omit confidential positions, and is not the manager's current portfolio or fund NAV. Options show reported underlying value—not premium, net exposure, or investment intent.

Disclosed long book

$2.24 billion

Long positions

Calls / puts

22 / 15

Top 5 concentration

51.7%

Longs with AI data

8 / 35

Average AI 1Y

+32.1%

Official SEC filing ↗Exact filing event Permanent quarter page JSON Download CSV

13F filing comparison

Quarter-over-quarter changes

2025-03-31 to 2025-06-30

Newly reported

No longer reported

Increased

Reduced

Newly reported this quarter

Present now and absent from the immediately preceding comparable filing.

Position	Kind	Shares	Value
INTEL CORP INTEL CORP	CALL	11,276,700	$252.6 million
CRWV COREWEAVE INC	CALL	394,200	$64.3 million
IREN LIMITED IREN LIMITED	LONG	3,266,148	$47.6 million
ARGAN INC ARGAN INC	LONG	110,562	$24.4 million
CORE SCIENTIFIC INC NEW CORE SCIENTIFIC INC NEW	LONG	1,349,657	$23.0 million
HUT 8 CORP HUT 8 CORP	LONG	927,040	$17.2 million
BTDR BITDEER TECHNOLOGIES GROUP	LONG	832,509	$9.6 million
TRANSALTA CORP TRANSALTA CORP	LONG	633,587	$6.8 million
HALLADOR ENERGY COMPANY HALLADOR ENERGY COMPANY	LONG	28,182	$446,121
AMD ADVANCED MICRO DEVICES INC	LONG	623	$88,404
TSM TAIWAN SEMICONDUCTOR MFG LTD	PUT	787,600	$178.4 million
NVDA NVIDIA CORPORATION	PUT	386,000	$61.0 million
APPLE INC APPLE INC	PUT	208,600	$42.8 million
ISHARES TR ISHARES TR	PUT	746,800	$36.0 million
QUALCOMM INC QUALCOMM INC	PUT	216,700	$34.5 million
BROADCOM INC BROADCOM INC	PUT	74,900	$20.6 million
ORACLE CORP ORACLE CORP	PUT	76,900	$16.8 million
AMAZON COM INC AMAZON COM INC	PUT	74,500	$16.3 million
VST VISTRA CORP	PUT	51,900	$10.1 million
GE VERNOVA INC GE VERNOVA INC	PUT	14,200	$7.5 million
MICRON TECHNOLOGY INC MICRON TECHNOLOGY INC	PUT	45,400	$5.6 million
VERTIV HOLDINGS CO VERTIV HOLDINGS CO	PUT	43,400	$5.6 million
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP	PUT	13,200	$4.3 million
ISHARES TR ISHARES TR	PUT	90,000	$3.3 million
ISHARES INC ISHARES INC	PUT	8,000	$459,200

No longer reported this quarter

Present in the prior comparable filing and absent from this one.

Position	Kind	Prior shares	Prior value
ASML HOLDING N V ASML HOLDING N V · N Y REGISTRY SHS	LONG	100	$66,263
APPLIED MATLS INC APPLIED MATLS INC · COM	CALL	5,700	$827,184
ASML HOLDING N V ASML HOLDING N V · N Y REGISTRY SHS	CALL	1,200	$795,156
ASTERA LABS INC ASTERA LABS INC · COM	CALL	38,500	$2.3 million
CAMTEK LTD CAMTEK LTD · ORD	LONG	235,238	$13.8 million
CREDO TECHNOLOGY GROUP HOLDI CREDO TECHNOLOGY GROUP HOLDI · ORDINARY SHARES	LONG	668,067	$26.8 million
CREDO TECHNOLOGY GROUP HOLDI CREDO TECHNOLOGY GROUP HOLDI · ORDINARY SHARES	CALL	22,000	$883,520
KLA CORP KLA CORP · COM NEW	CALL	300	$203,940
MARVELL TECHNOLOGY INC MARVELL TECHNOLOGY INC · COM	LONG	137,617	$8.5 million
MARVELL TECHNOLOGY INC MARVELL TECHNOLOGY INC · COM	CALL	33,600	$2.1 million
ONTO INNOVATION INC ONTO INNOVATION INC · COM	LONG	223,840	$27.2 million
ORACLE CORP ORACLE CORP · COM	LONG	1,555	$217,405
RIOT PLATFORMS INC RIOT PLATFORMS INC · COM	CALL	139,900	$996,088
TALEN ENERGY CORP TALEN ENERGY CORP · COM	CALL	3,500	$698,845

“No longer reported” means the position is absent from this comparable 13F filing. It does not prove the manager sold it: reporting thresholds, confidential treatment, corporate actions, or instrument changes can also explain the omission.

Position	Kind	Shares	Value	Long weight	Quarter change	AI at filing · 1Y	AI now
VST Vistra	LONG	1,368,338	$265.2 million	11.8%	REDUCED	26.7%	1Y +29.5% 5Y +146.1% · 23 models
MICRON TECHNOLOGY INC MICRON TECHNOLOGY INC · COM · 595112103	LONG	1,887,678	$232.7 million	10.4%	INCREASED	—	1Y — 5Y —
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109	LONG	714,763	$230.7 million	10.3%	INCREASED	—	1Y — 5Y —
VERTIV HOLDINGS CO VERTIV HOLDINGS CO · COM CL A · 92537N108	LONG	1,753,721	$225.2 million	10.1%	INCREASED	—	1Y — 5Y —
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101	LONG	384,669	$203.5 million	9.1%	REDUCED	—	1Y — 5Y —
CLS Celestica Inc.	LONG	1,191,321	$186.0 million	8.3%	INCREASED	23.8%	1Y +29.3% 5Y +149.8% · 23 models
NEBIUS GROUP N.V. NEBIUS GROUP N.V. · SHS CLASS A · N97284108	LONG	2,228,124	$123.3 million	5.5%	INCREASED	—	1Y — 5Y —
TALEN ENERGY CORP TALEN ENERGY CORP · COM · 87422Q109	LONG	376,428	$109.5 million	4.9%	INCREASED	—	1Y — 5Y —
ASTERA LABS INC ASTERA LABS INC · COM · 04626A103	LONG	1,181,031	$106.8 million	4.8%	REDUCED	—	1Y — 5Y —
RIOT Riot Platforms Inc.	LONG	5,141,221	$58.1 million	2.6%	INCREASED	49.3%	1Y +46.6% 5Y +177.9% · 24 models
NRG ENERGY INC NRG ENERGY INC · COM NEW · 629377508	LONG	356,956	$57.3 million	2.6%	REDUCED	—	1Y — 5Y —
FABRINET FABRINET · SHS · G3323L100	LONG	193,581	$57.0 million	2.5%	INCREASED	—	1Y — 5Y —
BLOOM ENERGY CORP BLOOM ENERGY CORP · COM CL A · 093712107	LONG	2,044,417	$48.9 million	2.2%	INCREASED	—	1Y — 5Y —
IREN LIMITED IREN LIMITED · ORDINARY SHARES · Q4982L109	LONG	3,266,148	$47.6 million	2.1%	NEWLY REPORTED	—	1Y — 5Y —
LAM RESEARCH CORP LAM RESEARCH CORP · COM NEW · 512807306	LONG	482,330	$47.0 million	2.1%	INCREASED	—	1Y — 5Y —
EQT CORP EQT CORP · COM · 26884L109	LONG	452,481	$26.4 million	1.2%	INCREASED	—	1Y — 5Y —
AAON INC AAON INC · COM PAR $0.004 · 000360206	LONG	334,498	$24.7 million	1.1%	INCREASED	—	1Y — 5Y —
ARGAN INC ARGAN INC · COM · 04010E109	LONG	110,562	$24.4 million	1.1%	NEWLY REPORTED	—	1Y — 5Y —
CORE SCIENTIFIC INC NEW CORE SCIENTIFIC INC NEW · COM · 21874A106	LONG	1,349,657	$23.0 million	1.0%	NEWLY REPORTED	—	1Y — 5Y —
KLA CORP KLA CORP · COM NEW · 482480100	LONG	23,511	$21.1 million	0.9%	INCREASED	—	1Y — 5Y —
NVDA NVIDIA Corporation	LONG	131,430	$20.8 million	0.9%	INCREASED	45.7%	1Y +34.1% 5Y +197.4% · 27 models
COHERENT CORP COHERENT CORP · COM · 19247G107	LONG	232,518	$20.7 million	0.9%	REDUCED	—	1Y — 5Y —
APPLIED MATLS INC APPLIED MATLS INC · COM · 038222105	LONG	110,764	$20.3 million	0.9%	INCREASED	—	1Y — 5Y —
HUT 8 CORP HUT 8 CORP · COM · 44812J104	LONG	927,040	$17.2 million	0.8%	NEWLY REPORTED	—	1Y — 5Y —
ALPHABET INC ALPHABET INC · CAP STK CL A · 02079K305	LONG	71,693	$12.6 million	0.6%	INCREASED	—	1Y — 5Y —
TSS INC DEL TSS INC DEL · COM · 87288V101	LONG	353,149	$10.2 million	0.5%	INCREASED	—	1Y — 5Y —
BTDR Bitdeer Technologies Group	LONG	832,509	$9.6 million	0.4%	NEWLY REPORTED	—	1Y +50.1% 5Y +220.3% · 19 models
TRANSALTA CORP TRANSALTA CORP · COM · 89346D107	LONG	633,587	$6.8 million	0.3%	NEWLY REPORTED	—	1Y — 5Y —
ALPHABET INC ALPHABET INC · CAP STK CL C · 02079K107	LONG	4,785	$848,811	0.0%	INCREASED	—	1Y — 5Y —
HALLADOR ENERGY COMPANY HALLADOR ENERGY COMPANY · COM · 40609P105	LONG	28,182	$446,121	0.0%	NEWLY REPORTED	—	1Y — 5Y —
MSFT Microsoft Corporation	LONG	466	$231,793	0.0%	INCREASED	17.3%	1Y +16.6% 5Y +97.8% · 27 models
TSM Taiwan Semiconductor Manufacturing Co.	LONG	504	$114,151	0.0%	REDUCED	24.1%	1Y +24.3% 5Y +142.0% · 25 models
AMD Advanced Micro Devices Inc.	LONG	623	$88,404	0.0%	NEWLY REPORTED	27.1%	1Y +26.1% 5Y +157.0% · 27 models
AMAZON COM INC AMAZON COM INC · COM · 023135106	LONG	89	$19,526	0.0%	REDUCED	—	1Y — 5Y —
BROADCOM INC BROADCOM INC · COM · 11135F101	LONG	19	$5,237	0.0%	REDUCED	—	1Y — 5Y —
NVDA NVIDIA Corporation	CALL	2,134,800	$337.3 million	—	INCREASED	45.7%	1Y +34.1% 5Y +197.4% · 27 models
TSM Taiwan Semiconductor Manufacturing Co.	CALL	1,333,500	$302.0 million	—	INCREASED	24.1%	1Y +24.3% 5Y +142.0% · 25 models
INTEL CORP INTEL CORP · COM · 458140100	CALL	11,276,700	$252.6 million	—	NEWLY REPORTED	—	1Y — 5Y —
ALPHABET INC ALPHABET INC · CAP STK CL A · 02079K305	CALL	1,384,100	$243.9 million	—	INCREASED	—	1Y — 5Y —
BROADCOM INC BROADCOM INC · COM · 11135F101	CALL	748,600	$206.4 million	—	INCREASED	—	1Y — 5Y —
AMAZON COM INC AMAZON COM INC · COM · 023135106	CALL	850,300	$186.5 million	—	INCREASED	—	1Y — 5Y —
MSFT Microsoft Corporation	CALL	268,800	$133.7 million	—	INCREASED	17.3%	1Y +16.6% 5Y +97.8% · 27 models
MICRON TECHNOLOGY INC MICRON TECHNOLOGY INC · COM · 595112103	CALL	718,600	$88.6 million	—	INCREASED	—	1Y — 5Y —
ORACLE CORP ORACLE CORP · COM · 68389X105	CALL	296,300	$64.8 million	—	INCREASED	—	1Y — 5Y —
CRWV CoreWeave Inc	CALL	394,200	$64.3 million	—	NEWLY REPORTED	51.7%	1Y +44.1% 5Y +222.7% · 24 models
AMD Advanced Micro Devices Inc.	CALL	442,300	$62.8 million	—	INCREASED	27.1%	1Y +26.1% 5Y +157.0% · 27 models
VERTIV HOLDINGS CO VERTIV HOLDINGS CO · COM CL A · 92537N108	CALL	346,300	$44.5 million	—	INCREASED	—	1Y — 5Y —
EQT CORP EQT CORP · COM · 26884L109	CALL	249,400	$14.5 million	—	INCREASED	—	1Y — 5Y —
LAM RESEARCH CORP LAM RESEARCH CORP · COM NEW · 512807306	CALL	146,000	$14.2 million	—	INCREASED	—	1Y — 5Y —
NEBIUS GROUP N.V. NEBIUS GROUP N.V. · SHS CLASS A · N97284108	CALL	228,800	$12.7 million	—	INCREASED	—	1Y — 5Y —
VST Vistra	CALL	58,500	$11.3 million	—	REDUCED	26.7%	1Y +29.5% 5Y +146.1% · 23 models
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109	CALL	28,500	$9.2 million	—	REDUCED	—	1Y — 5Y —
CLS Celestica Inc.	CALL	13,500	$2.1 million	—	INCREASED	23.8%	1Y +29.3% 5Y +149.8% · 23 models
COHERENT CORP COHERENT CORP · COM · 19247G107	CALL	7,300	$651,233	—	REDUCED	—	1Y — 5Y —
NRG ENERGY INC NRG ENERGY INC · COM NEW · 629377508	CALL	3,100	$497,798	—	REDUCED	—	1Y — 5Y —
BLOOM ENERGY CORP BLOOM ENERGY CORP · COM CL A · 093712107	CALL	17,300	$413,816	—	REDUCED	—	1Y — 5Y —
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101	CALL	300	$158,745	—	REDUCED	—	1Y — 5Y —
TSM Taiwan Semiconductor Manufacturing Co.	PUT	787,600	$178.4 million	—	NEWLY REPORTED	24.1%	1Y +24.3% 5Y +142.0% · 25 models
NVDA NVIDIA Corporation	PUT	386,000	$61.0 million	—	NEWLY REPORTED	45.7%	1Y +34.1% 5Y +197.4% · 27 models
APPLE INC APPLE INC · COM · 037833100	PUT	208,600	$42.8 million	—	NEWLY REPORTED	—	1Y — 5Y —
ISHARES TR ISHARES TR · MSCI EMG MKT ETF · 464287234	PUT	746,800	$36.0 million	—	NEWLY REPORTED	—	1Y — 5Y —
QUALCOMM INC QUALCOMM INC · COM · 747525103	PUT	216,700	$34.5 million	—	NEWLY REPORTED	—	1Y — 5Y —
BROADCOM INC BROADCOM INC · COM · 11135F101	PUT	74,900	$20.6 million	—	NEWLY REPORTED	—	1Y — 5Y —
ORACLE CORP ORACLE CORP · COM · 68389X105	PUT	76,900	$16.8 million	—	NEWLY REPORTED	—	1Y — 5Y —
AMAZON COM INC AMAZON COM INC · COM · 023135106	PUT	74,500	$16.3 million	—	NEWLY REPORTED	—	1Y — 5Y —
VST Vistra	PUT	51,900	$10.1 million	—	NEWLY REPORTED	26.7%	1Y +29.5% 5Y +146.1% · 23 models
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101	PUT	14,200	$7.5 million	—	NEWLY REPORTED	—	1Y — 5Y —
MICRON TECHNOLOGY INC MICRON TECHNOLOGY INC · COM · 595112103	PUT	45,400	$5.6 million	—	NEWLY REPORTED	—	1Y — 5Y —
VERTIV HOLDINGS CO VERTIV HOLDINGS CO · COM CL A · 92537N108	PUT	43,400	$5.6 million	—	NEWLY REPORTED	—	1Y — 5Y —
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109	PUT	13,200	$4.3 million	—	NEWLY REPORTED	—	1Y — 5Y —
ISHARES TR ISHARES TR · CHINA LG-CAP ETF · 464287184	PUT	90,000	$3.3 million	—	NEWLY REPORTED	—	1Y — 5Y —
ISHARES INC ISHARES INC · MSCI TAIWAN ETF · 46434G772	PUT	8,000	$459,200	—	NEWLY REPORTED	—	1Y — 5Y —

AI outlook values are averages across the latest successful run per covered model at the labeled cutoff. “No longer reported” does not necessarily mean sold; thresholds, confidential treatment, corporate actions, or instrument changes may explain an omission. Reviewed API mapping covers 24.1%of disclosed long-book value; exact editorial CUSIP mappings may add current-only AI coverage on this public page. Research use only. No warranty and not investment advice.