Value Aligned Research Advisors portfolio · 2025-09-30
Disclosed long book
$4.33 billion
Long positions
42
Calls / puts
24 / 15
Top 5 concentration
39.4%
Longs with AI data
21 / 42
Average AI 1Y
+26.9%
13F filing comparison
Quarter-over-quarter changes
2025-06-30 to 2025-09-30
Newly reported
11
No longer reported
2
Increased
38
Reduced
7
Newly reported this quarter
Present now and absent from the immediately preceding comparable filing.
| Position | Kind | Shares | Value |
|---|---|---|---|
APPLIED MATLS INC APPLIED MATLS INC | CALL | 92,500 | $18.9 million |
SNOW SNOWFLAKE INC | CALL | 49,400 | $11.1 million |
CRWV COREWEAVE INC | LONG | 3,079,120 | $421.4 million |
CIPHER DIGITAL INC CIPHER DIGITAL INC | LONG | 5,104,537 | $64.3 million |
SNOW SNOWFLAKE INC | LONG | 212,829 | $48.0 million |
FIX COMFORT SYS USA INC | LONG | 54,715 | $45.1 million |
GITLAB INC GITLAB INC | LONG | 712,184 | $32.1 million |
EME EMCOR GROUP INC | LONG | 27,179 | $17.7 million |
TERAWULF INC TERAWULF INC | LONG | 1,136,932 | $13.0 million |
LEGENCE CORP LEGENCE CORP | LONG | 205,254 | $6.3 million |
BKV CORP BKV CORP | LONG | 170,652 | $3.9 million |
No longer reported this quarter
Present in the prior comparable filing and absent from this one.
| Position | Kind | Prior shares | Prior value |
|---|---|---|---|
ADVANCED MICRO DEVICES INC ADVANCED MICRO DEVICES INC · COM | LONG | 623 | $88,404 |
CORE SCIENTIFIC INC NEW CORE SCIENTIFIC INC NEW · COM | LONG | 1,349,657 | $23.0 million |
“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 |
|---|---|---|---|---|---|---|---|
CRWV CoreWeave Inc | LONG | 3,079,120 | $421.4 million | 9.7% | NEWLY REPORTED | 67.2% | 1Y +35.5% 5Y +196.5% · 30 models |
VERTIV HOLDINGS CO VERTIV HOLDINGS CO · COM CL A · 92537N108 | LONG | 2,221,109 | $335.1 million | 7.7% | INCREASED | — | 1Y — 5Y — |
CLS Celestica Inc. | LONG | 1,359,711 | $335.0 million | 7.7% | INCREASED | 26.9% | 1Y +27.6% 5Y +142.0% · 30 models |
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109 | LONG | 943,864 | $310.6 million | 7.2% | INCREASED | — | 1Y — 5Y — |
VST Vistra | LONG | 1,562,250 | $306.1 million | 7.1% | INCREASED | 28.6% | 1Y +26.8% 5Y +135.3% · 29 models |
BE Bloom Energy Corporation | LONG | 3,223,969 | $272.7 million | 6.3% | INCREASED | 11.0% | 1Y +21.3% 5Y +116.3% · 26 models |
ASTERA LABS INC ASTERA LABS INC · COM · 04626A103 | LONG | 1,378,351 | $269.9 million | 6.2% | INCREASED | — | 1Y — 5Y — |
MU Micron Technology Inc. | LONG | 1,483,742 | $248.3 million | 5.7% | REDUCED | 32.7% | 1Y +30.4% 5Y +145.3% · 31 models |
NBIS Nebius Group N.V. | LONG | 2,009,450 | $225.6 million | 5.2% | REDUCED | 41.7% | 1Y +38.4% 5Y +197.5% · 30 models |
TALEN ENERGY CORP TALEN ENERGY CORP · COM · 87422Q109 | LONG | 445,039 | $189.3 million | 4.4% | INCREASED | — | 1Y — 5Y — |
IREN LIMITED IREN LIMITED · ORDINARY SHARES · Q4982L109 | LONG | 3,873,337 | $181.8 million | 4.2% | INCREASED | — | 1Y — 5Y — |
NRG ENERGY INC NRG ENERGY INC · COM NEW · 629377508 | LONG | 892,960 | $144.6 million | 3.3% | INCREASED | — | 1Y — 5Y — |
EQT EQT Corporation | LONG | 2,346,705 | $127.7 million | 2.9% | INCREASED | 19.9% | 1Y +19.3% 5Y +92.5% · 28 models |
RIOT Riot Platforms Inc. | LONG | 5,570,188 | $106.0 million | 2.4% | INCREASED | 51.5% | 1Y +41.2% 5Y +161.6% · 31 models |
COHR Coherent Corp. | LONG | 680,599 | $73.3 million | 1.7% | INCREASED | 23.9% | 1Y +27.6% 5Y +141.0% · 31 models |
AVGO Broadcom Inc. | LONG | 219,909 | $72.6 million | 1.7% | INCREASED | 24.5% | 1Y +23.7% 5Y +145.8% · 32 models |
HUT Hut 8 Mining Corp. | LONG | 1,948,995 | $67.8 million | 1.6% | INCREASED | 55.0% | 1Y +45.0% 5Y +182.5% · 26 models |
LAM RESEARCH CORP LAM RESEARCH CORP · COM NEW · 512807306 | LONG | 500,863 | $67.1 million | 1.5% | INCREASED | — | 1Y — 5Y — |
CIPHER DIGITAL INC CIPHER DIGITAL INC · COM · 17253J106 | LONG | 5,104,537 | $64.3 million | 1.5% | NEWLY REPORTED | — | 1Y — 5Y — |
ARGAN INC ARGAN INC · COM · 04010E109 | LONG | 225,750 | $61.0 million | 1.4% | INCREASED | — | 1Y — 5Y — |
APPLIED MATLS INC APPLIED MATLS INC · COM · 038222105 | LONG | 247,969 | $50.8 million | 1.2% | INCREASED | — | 1Y — 5Y — |
AAON INC AAON INC · COM PAR $0.004 · 000360206 | LONG | 527,874 | $49.3 million | 1.1% | INCREASED | — | 1Y — 5Y — |
SNOW Snowflake Inc. | LONG | 212,829 | $48.0 million | 1.1% | NEWLY REPORTED | 26.7% | 1Y +19.4% 5Y +114.5% · 31 models |
FIX Comfort Systems USA, Inc. | LONG | 54,715 | $45.1 million | 1.0% | NEWLY REPORTED | 18.8% | 1Y +19.9% 5Y +118.3% · 30 models |
FABRINET FABRINET · SHS · G3323L100 | LONG | 116,817 | $42.6 million | 1.0% | REDUCED | — | 1Y — 5Y — |
KLA CORP KLA CORP · COM NEW · 482480100 | LONG | 37,140 | $40.1 million | 0.9% | INCREASED | — | 1Y — 5Y — |
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101 | LONG | 54,717 | $33.6 million | 0.8% | REDUCED | — | 1Y — 5Y — |
GITLAB INC GITLAB INC · CLASS A COM · 37637K108 | LONG | 712,184 | $32.1 million | 0.7% | NEWLY REPORTED | — | 1Y — 5Y — |
BTDR Bitdeer Technologies Group | LONG | 1,378,789 | $23.6 million | 0.5% | INCREASED | 53.0% | 1Y +45.3% 5Y +195.6% · 26 models |
NVDA NVIDIA Corporation | LONG | 97,259 | $18.1 million | 0.4% | REDUCED | 36.8% | 1Y +32.4% 5Y +188.0% · 33 models |
EME EMCOR Group Inc. | LONG | 27,179 | $17.7 million | 0.4% | NEWLY REPORTED | 21.4% | 1Y +18.6% 5Y +103.8% · 28 models |
TERAWULF INC TERAWULF INC · COM · 88080T104 | LONG | 1,136,932 | $13.0 million | 0.3% | NEWLY REPORTED | — | 1Y — 5Y — |
TRANSALTA CORP TRANSALTA CORP · COM · 89346D107 | LONG | 745,013 | $10.2 million | 0.2% | INCREASED | — | 1Y — 5Y — |
TSS INC DEL TSS INC DEL · COM · 87288V101 | LONG | 431,263 | $7.8 million | 0.2% | INCREASED | — | 1Y — 5Y — |
LEGENCE CORP LEGENCE CORP · CL A · 52476L109 | LONG | 205,254 | $6.3 million | 0.1% | NEWLY REPORTED | — | 1Y — 5Y — |
HNRG Hallador Energy Company | LONG | 320,759 | $6.3 million | 0.1% | INCREASED | 5.0% | 1Y +12.2% 5Y +44.4% · 30 models |
BKV CORP BKV CORP · COM · 05603J108 | LONG | 170,652 | $3.9 million | 0.1% | NEWLY REPORTED | — | 1Y — 5Y — |
GOOGL Alphabet Inc. | LONG | 11,502 | $2.8 million | 0.1% | REDUCED | 19.3% | 1Y +18.6% 5Y +102.1% · 32 models |
GOOG Alphabet Inc. (Class C) | LONG | 4,785 | $1.2 million | 0.0% | UNCHANGED | — | 1Y — 5Y — |
AMZN Amazon.com Inc. | LONG | 4,922 | $1.1 million | 0.0% | INCREASED | 23.5% | 1Y +21.3% 5Y +126.1% · 32 models |
MSFT Microsoft Corporation | LONG | 374 | $193,713 | 0.0% | REDUCED | 17.9% | 1Y +16.3% 5Y +98.3% · 32 models |
TSM Taiwan Semiconductor Manufacturing Co. | LONG | 680 | $189,917 | 0.0% | INCREASED | 25.7% | 1Y +24.1% 5Y +140.8% · 31 models |
NVDA NVIDIA Corporation | CALL | 2,913,200 | $543.5 million | — | INCREASED | 36.8% | 1Y +32.4% 5Y +188.0% · 33 models |
TSM Taiwan Semiconductor Manufacturing Co. | CALL | 1,828,000 | $510.5 million | — | INCREASED | 25.7% | 1Y +24.1% 5Y +140.8% · 31 models |
INTC Intel Corporation | CALL | 11,276,700 | $378.3 million | — | UNCHANGED | 16.2% | 1Y +11.8% 5Y +76.9% · 32 models |
GOOGL Alphabet Inc. | CALL | 1,391,100 | $338.2 million | — | INCREASED | 19.3% | 1Y +18.6% 5Y +102.1% · 32 models |
AMZN Amazon.com Inc. | CALL | 1,316,200 | $289.0 million | — | INCREASED | 23.5% | 1Y +21.3% 5Y +126.1% · 32 models |
AVGO Broadcom Inc. | CALL | 834,900 | $275.4 million | — | INCREASED | 24.5% | 1Y +23.7% 5Y +145.8% · 32 models |
MSFT Microsoft Corporation | CALL | 366,200 | $189.7 million | — | INCREASED | 17.9% | 1Y +16.3% 5Y +98.3% · 32 models |
MU Micron Technology Inc. | CALL | 718,600 | $120.2 million | — | UNCHANGED | 32.7% | 1Y +30.4% 5Y +145.3% · 31 models |
ORACLE CORP ORACLE CORP · COM · 68389X105 | CALL | 350,000 | $98.4 million | — | INCREASED | — | 1Y — 5Y — |
AMD Advanced Micro Devices Inc. | CALL | 442,300 | $71.6 million | — | UNCHANGED | 28.1% | 1Y +25.6% 5Y +148.8% · 32 models |
CRWV CoreWeave Inc | CALL | 473,200 | $64.8 million | — | INCREASED | 67.2% | 1Y +35.5% 5Y +196.5% · 30 models |
VERTIV HOLDINGS CO VERTIV HOLDINGS CO · COM CL A · 92537N108 | CALL | 346,300 | $52.2 million | — | UNCHANGED | — | 1Y — 5Y — |
NBIS Nebius Group N.V. | CALL | 228,800 | $25.7 million | — | UNCHANGED | 41.7% | 1Y +38.4% 5Y +197.5% · 30 models |
LAM RESEARCH CORP LAM RESEARCH CORP · COM NEW · 512807306 | CALL | 147,300 | $19.7 million | — | INCREASED | — | 1Y — 5Y — |
APPLIED MATLS INC APPLIED MATLS INC · COM · 038222105 | CALL | 92,500 | $18.9 million | — | NEWLY REPORTED | — | 1Y — 5Y — |
EQT EQT Corporation | CALL | 249,400 | $13.6 million | — | UNCHANGED | 19.9% | 1Y +19.3% 5Y +92.5% · 28 models |
VST Vistra | CALL | 58,500 | $11.5 million | — | UNCHANGED | 28.6% | 1Y +26.8% 5Y +135.3% · 29 models |
SNOW Snowflake Inc. | CALL | 49,400 | $11.1 million | — | NEWLY REPORTED | 26.7% | 1Y +19.4% 5Y +114.5% · 31 models |
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109 | CALL | 28,500 | $9.4 million | — | UNCHANGED | — | 1Y — 5Y — |
CLS Celestica Inc. | CALL | 13,500 | $3.3 million | — | UNCHANGED | 26.9% | 1Y +27.6% 5Y +142.0% · 30 models |
BE Bloom Energy Corporation | CALL | 17,300 | $1.5 million | — | UNCHANGED | 11.0% | 1Y +21.3% 5Y +116.3% · 26 models |
COHR Coherent Corp. | CALL | 7,300 | $786,356 | — | UNCHANGED | 23.9% | 1Y +27.6% 5Y +141.0% · 31 models |
NRG ENERGY INC NRG ENERGY INC · COM NEW · 629377508 | CALL | 3,100 | $502,045 | — | UNCHANGED | — | 1Y — 5Y — |
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101 | CALL | 300 | $184,470 | — | UNCHANGED | — | 1Y — 5Y — |
TSM Taiwan Semiconductor Manufacturing Co. | PUT | 1,088,500 | $304.0 million | — | INCREASED | 25.7% | 1Y +24.1% 5Y +140.8% · 31 models |
NVDA NVIDIA Corporation | PUT | 1,001,400 | $186.8 million | — | INCREASED | 36.8% | 1Y +32.4% 5Y +188.0% · 33 models |
AVGO Broadcom Inc. | PUT | 252,600 | $83.3 million | — | INCREASED | 24.5% | 1Y +23.7% 5Y +145.8% · 32 models |
QCOM Qualcomm Inc. | PUT | 355,500 | $59.1 million | — | INCREASED | 23.6% | 1Y +18.9% 5Y +97.8% · 31 models |
AAPL Apple Inc. | PUT | 208,600 | $53.1 million | — | UNCHANGED | 14.1% | 1Y +12.3% 5Y +75.3% · 33 models |
ISHARES TR ISHARES TR · MSCI EMG MKT ETF · 464287234 | PUT | 746,800 | $39.9 million | — | UNCHANGED | — | 1Y — 5Y — |
ORACLE CORP ORACLE CORP · COM · 68389X105 | PUT | 76,900 | $21.6 million | — | UNCHANGED | — | 1Y — 5Y — |
AMZN Amazon.com Inc. | PUT | 74,500 | $16.4 million | — | UNCHANGED | 23.5% | 1Y +21.3% 5Y +126.1% · 32 models |
VST Vistra | PUT | 51,900 | $10.2 million | — | UNCHANGED | 28.6% | 1Y +26.8% 5Y +135.3% · 29 models |
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101 | PUT | 14,200 | $8.7 million | — | UNCHANGED | — | 1Y — 5Y — |
MU Micron Technology Inc. | PUT | 45,400 | $7.6 million | — | UNCHANGED | 32.7% | 1Y +30.4% 5Y +145.3% · 31 models |
VERTIV HOLDINGS CO VERTIV HOLDINGS CO · COM CL A · 92537N108 | PUT | 43,400 | $6.5 million | — | UNCHANGED | — | 1Y — 5Y — |
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109 | PUT | 13,200 | $4.3 million | — | UNCHANGED | — | 1Y — 5Y — |
ISHARES TR ISHARES TR · CHINA LG-CAP ETF · 464287184 | PUT | 90,000 | $3.7 million | — | UNCHANGED | — | 1Y — 5Y — |
ISHARES INC ISHARES INC · MSCI TAIWAN ETF · 46434G772 | PUT | 8,000 | $508,960 | — | UNCHANGED | — | 1Y — 5Y — |