Value Aligned Research Advisors portfolio · 2025-12-31
Disclosed long book
$4.88 billion
Long positions
47
Calls / puts
25 / 14
Top 5 concentration
38.1%
Longs with AI data
23 / 47
Average AI 1Y
+27.0%
13F filing comparison
Quarter-over-quarter changes
2025-09-30 to 2025-12-31
Newly reported
9
No longer reported
4
Increased
36
Reduced
15
Newly reported this quarter
Present now and absent from the immediately preceding comparable filing.
| Position | Kind | Shares | Value |
|---|---|---|---|
GITLAB INC GITLAB INC | CALL | 7,800 | $292,734 |
LUMENTUM HLDGS INC LUMENTUM HLDGS INC | LONG | 1,172,201 | $432.1 million |
APLD APPLIED DIGITAL CORP | LONG | 5,643,550 | $138.4 million |
CORE SCIENTIFIC INC NEW CORE SCIENTIFIC INC NEW | LONG | 8,089,697 | $117.8 million |
SOLARIS ENERGY INFRAS INC SOLARIS ENERGY INFRAS INC | LONG | 975,939 | $44.9 million |
SEAGATE TECHNOLOGY HLDNGS PL SEAGATE TECHNOLOGY HLDNGS PL | LONG | 126,282 | $34.8 million |
ORACLE CORP ORACLE CORP | LONG | 141,409 | $27.6 million |
GALAXY DIGITAL INC. GALAXY DIGITAL INC. | LONG | 1,061,151 | $23.7 million |
ASML ASML HLDG NV | LONG | 203 | $217,182 |
No longer reported this quarter
Present in the prior comparable filing and absent from this one.
| Position | Kind | Prior shares | Prior value |
|---|---|---|---|
FABRINET FABRINET · SHS | LONG | 116,817 | $42.6 million |
ISHARES TR ISHARES TR · CHINA LG-CAP ETF | PUT | 90,000 | $3.7 million |
TERAWULF INC TERAWULF INC · COM | LONG | 1,136,932 | $13.0 million |
TRANSALTA CORP TRANSALTA CORP · COM | LONG | 745,013 | $10.2 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 |
|---|---|---|---|---|---|---|---|
LUMENTUM HLDGS INC LUMENTUM HLDGS INC · COM · 55024U109 | LONG | 1,172,201 | $432.1 million | 8.9% | NEWLY REPORTED | — | 1Y — 5Y — |
CRWV CoreWeave Inc | LONG | 6,028,220 | $431.7 million | 8.8% | INCREASED | 61.2% | 1Y +35.5% 5Y +196.5% · 30 models |
VERTIV HOLDINGS CO VERTIV HOLDINGS CO · COM CL A · 92537N108 | LONG | 2,173,391 | $352.1 million | 7.2% | REDUCED | — | 1Y — 5Y — |
CLS Celestica Inc. | LONG | 1,149,828 | $339.9 million | 7.0% | REDUCED | 27.3% | 1Y +27.6% 5Y +142.0% · 30 models |
BE Bloom Energy Corporation | LONG | 3,476,548 | $302.1 million | 6.2% | INCREASED | 27.2% | 1Y +21.3% 5Y +116.3% · 26 models |
NBIS Nebius Group N.V. | LONG | 3,305,776 | $276.7 million | 5.7% | INCREASED | 47.3% | 1Y +38.4% 5Y +197.5% · 30 models |
COHR Coherent Corp. | LONG | 1,335,217 | $246.4 million | 5.0% | INCREASED | 28.9% | 1Y +27.6% 5Y +141.0% · 31 models |
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101 | LONG | 271,213 | $177.3 million | 3.6% | INCREASED | — | 1Y — 5Y — |
EQT EQT Corporation | LONG | 2,915,700 | $156.3 million | 3.2% | INCREASED | 24.0% | 1Y +19.3% 5Y +92.5% · 28 models |
APLD Applied Digital Corp | LONG | 5,643,550 | $138.4 million | 2.8% | NEWLY REPORTED | 42.3% | 1Y +35.2% 5Y +170.7% · 28 models |
APPLIED MATLS INC APPLIED MATLS INC · COM · 038222105 | LONG | 538,231 | $138.3 million | 2.8% | INCREASED | — | 1Y — 5Y — |
FIX Comfort Systems USA, Inc. | LONG | 147,021 | $137.2 million | 2.8% | INCREASED | 23.8% | 1Y +19.9% 5Y +118.3% · 30 models |
IREN LIMITED IREN LIMITED · ORDINARY SHARES · Q4982L109 | LONG | 3,515,247 | $132.8 million | 2.7% | REDUCED | — | 1Y — 5Y — |
HUT Hut 8 Mining Corp. | LONG | 2,788,516 | $128.1 million | 2.6% | INCREASED | 62.8% | 1Y +45.0% 5Y +182.5% · 26 models |
RIOT Riot Platforms Inc. | LONG | 9,624,147 | $121.9 million | 2.5% | INCREASED | 60.4% | 1Y +41.2% 5Y +161.6% · 31 models |
LAM RESEARCH CORP LAM RESEARCH CORP · COM NEW · 512807306 | LONG | 707,033 | $121.0 million | 2.5% | INCREASED | — | 1Y — 5Y — |
CORE SCIENTIFIC INC NEW CORE SCIENTIFIC INC NEW · COM · 21874A106 | LONG | 8,089,697 | $117.8 million | 2.4% | NEWLY REPORTED | — | 1Y — 5Y — |
VST Vistra | LONG | 716,107 | $115.5 million | 2.4% | REDUCED | 33.6% | 1Y +26.8% 5Y +135.3% · 29 models |
CIPHER DIGITAL INC CIPHER DIGITAL INC · COM · 17253J106 | LONG | 7,447,495 | $109.9 million | 2.3% | INCREASED | — | 1Y — 5Y — |
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109 | LONG | 296,877 | $104.9 million | 2.1% | REDUCED | — | 1Y — 5Y — |
ASTERA LABS INC ASTERA LABS INC · COM · 04626A103 | LONG | 568,316 | $94.5 million | 1.9% | REDUCED | — | 1Y — 5Y — |
AVGO Broadcom Inc. | LONG | 219,909 | $76.1 million | 1.6% | UNCHANGED | 25.9% | 1Y +23.7% 5Y +145.8% · 32 models |
SNOW Snowflake Inc. | LONG | 312,224 | $68.5 million | 1.4% | INCREASED | 22.6% | 1Y +19.4% 5Y +114.5% · 31 models |
EME EMCOR Group Inc. | LONG | 111,108 | $68.0 million | 1.4% | INCREASED | 21.9% | 1Y +18.6% 5Y +103.8% · 28 models |
MU Micron Technology Inc. | LONG | 218,808 | $62.4 million | 1.3% | REDUCED | 33.9% | 1Y +30.4% 5Y +145.3% · 31 models |
KLA CORP KLA CORP · COM NEW · 482480100 | LONG | 50,786 | $61.7 million | 1.3% | INCREASED | — | 1Y — 5Y — |
TALEN ENERGY CORP TALEN ENERGY CORP · COM · 87422Q109 | LONG | 157,347 | $59.0 million | 1.2% | REDUCED | — | 1Y — 5Y — |
SOLARIS ENERGY INFRAS INC SOLARIS ENERGY INFRAS INC · COM CL A · 83418M103 | LONG | 975,939 | $44.9 million | 0.9% | NEWLY REPORTED | — | 1Y — 5Y — |
ARGAN INC ARGAN INC · COM · 04010E109 | LONG | 128,858 | $40.4 million | 0.8% | REDUCED | — | 1Y — 5Y — |
BTDR Bitdeer Technologies Group | LONG | 3,267,614 | $36.6 million | 0.8% | INCREASED | 55.6% | 1Y +45.3% 5Y +195.6% · 26 models |
SEAGATE TECHNOLOGY HLDNGS PL SEAGATE TECHNOLOGY HLDNGS PL · ORD SHS · G7997R103 | LONG | 126,282 | $34.8 million | 0.7% | NEWLY REPORTED | — | 1Y — 5Y — |
ORACLE CORP ORACLE CORP · COM · 68389X105 | LONG | 141,409 | $27.6 million | 0.6% | NEWLY REPORTED | — | 1Y — 5Y — |
GITLAB INC GITLAB INC · CLASS A COM · 37637K108 | LONG | 729,152 | $27.4 million | 0.6% | INCREASED | — | 1Y — 5Y — |
GALAXY DIGITAL INC. GALAXY DIGITAL INC. · CL A · 36317J209 | LONG | 1,061,151 | $23.7 million | 0.5% | NEWLY REPORTED | — | 1Y — 5Y — |
NRG ENERGY INC NRG ENERGY INC · COM NEW · 629377508 | LONG | 135,486 | $21.6 million | 0.4% | REDUCED | — | 1Y — 5Y — |
NVDA NVIDIA Corporation | LONG | 97,259 | $18.1 million | 0.4% | UNCHANGED | 41.0% | 1Y +32.4% 5Y +188.0% · 33 models |
LEGENCE CORP LEGENCE CORP · CL A · 52476L109 | LONG | 251,681 | $10.8 million | 0.2% | INCREASED | — | 1Y — 5Y — |
HNRG Hallador Energy Company | LONG | 320,759 | $6.1 million | 0.1% | UNCHANGED | 11.9% | 1Y +12.2% 5Y +44.4% · 30 models |
BKV CORP BKV CORP · COM · 05603J108 | LONG | 192,295 | $5.2 million | 0.1% | INCREASED | — | 1Y — 5Y — |
GOOGL Alphabet Inc. | LONG | 11,502 | $3.6 million | 0.1% | UNCHANGED | 19.8% | 1Y +18.6% 5Y +102.1% · 32 models |
TSS INC DEL TSS INC DEL · COM · 87288V101 | LONG | 460,510 | $3.3 million | 0.1% | INCREASED | — | 1Y — 5Y — |
AAON INC AAON INC · COM PAR $0.004 · 000360206 | LONG | 41,956 | $3.2 million | 0.1% | REDUCED | — | 1Y — 5Y — |
GOOG Alphabet Inc. (Class C) | LONG | 4,785 | $1.5 million | 0.0% | UNCHANGED | — | 1Y — 5Y — |
AMZN Amazon.com Inc. | LONG | 4,922 | $1.1 million | 0.0% | UNCHANGED | 26.1% | 1Y +21.3% 5Y +126.1% · 32 models |
ASML ASML Holding N.V. | LONG | 203 | $217,182 | 0.0% | NEWLY REPORTED | 23.9% | 1Y +21.0% 5Y +127.2% · 32 models |
TSM Taiwan Semiconductor Manufacturing Co. | LONG | 680 | $206,645 | 0.0% | UNCHANGED | 25.4% | 1Y +24.1% 5Y +140.8% · 31 models |
MSFT Microsoft Corporation | LONG | 374 | $180,874 | 0.0% | UNCHANGED | 18.2% | 1Y +16.3% 5Y +98.3% · 32 models |
NVDA NVIDIA Corporation | CALL | 5,675,800 | $1.06 billion | — | INCREASED | 41.0% | 1Y +32.4% 5Y +188.0% · 33 models |
TSM Taiwan Semiconductor Manufacturing Co. | CALL | 1,828,000 | $555.5 million | — | UNCHANGED | 25.4% | 1Y +24.1% 5Y +140.8% · 31 models |
GOOGL Alphabet Inc. | CALL | 1,634,600 | $511.6 million | — | INCREASED | 19.8% | 1Y +18.6% 5Y +102.1% · 32 models |
AMZN Amazon.com Inc. | CALL | 2,043,300 | $471.6 million | — | INCREASED | 26.1% | 1Y +21.3% 5Y +126.1% · 32 models |
INTC Intel Corporation | CALL | 11,019,800 | $406.6 million | — | REDUCED | 15.3% | 1Y +11.8% 5Y +76.9% · 32 models |
AVGO Broadcom Inc. | CALL | 872,000 | $301.8 million | — | INCREASED | 25.9% | 1Y +23.7% 5Y +145.8% · 32 models |
MSFT Microsoft Corporation | CALL | 424,100 | $205.1 million | — | INCREASED | 18.2% | 1Y +16.3% 5Y +98.3% · 32 models |
MU Micron Technology Inc. | CALL | 718,600 | $205.1 million | — | UNCHANGED | 33.9% | 1Y +30.4% 5Y +145.3% · 31 models |
ORACLE CORP ORACLE CORP · COM · 68389X105 | CALL | 518,100 | $101.0 million | — | INCREASED | — | 1Y — 5Y — |
AMD Advanced Micro Devices Inc. | CALL | 442,300 | $94.7 million | — | UNCHANGED | 31.1% | 1Y +25.6% 5Y +148.8% · 32 models |
VERTIV HOLDINGS CO VERTIV HOLDINGS CO · COM CL A · 92537N108 | CALL | 364,600 | $59.1 million | — | INCREASED | — | 1Y — 5Y — |
CRWV CoreWeave Inc | CALL | 473,200 | $33.9 million | — | UNCHANGED | 61.2% | 1Y +35.5% 5Y +196.5% · 30 models |
LAM RESEARCH CORP LAM RESEARCH CORP · COM NEW · 512807306 | CALL | 147,400 | $25.2 million | — | INCREASED | — | 1Y — 5Y — |
APPLIED MATLS INC APPLIED MATLS INC · COM · 038222105 | CALL | 92,600 | $23.8 million | — | INCREASED | — | 1Y — 5Y — |
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101 | CALL | 35,600 | $23.3 million | — | INCREASED | — | 1Y — 5Y — |
NBIS Nebius Group N.V. | CALL | 228,800 | $19.2 million | — | UNCHANGED | 47.3% | 1Y +38.4% 5Y +197.5% · 30 models |
EQT EQT Corporation | CALL | 275,600 | $14.8 million | — | INCREASED | 24.0% | 1Y +19.3% 5Y +92.5% · 28 models |
VST Vistra | CALL | 89,300 | $14.4 million | — | INCREASED | 33.6% | 1Y +26.8% 5Y +135.3% · 29 models |
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109 | CALL | 38,500 | $13.6 million | — | INCREASED | — | 1Y — 5Y — |
SNOW Snowflake Inc. | CALL | 49,400 | $10.8 million | — | UNCHANGED | 22.6% | 1Y +19.4% 5Y +114.5% · 31 models |
CLS Celestica Inc. | CALL | 13,500 | $4.0 million | — | UNCHANGED | 27.3% | 1Y +27.6% 5Y +142.0% · 30 models |
BE Bloom Energy Corporation | CALL | 17,300 | $1.5 million | — | UNCHANGED | 27.2% | 1Y +21.3% 5Y +116.3% · 26 models |
COHR Coherent Corp. | CALL | 7,300 | $1.3 million | — | UNCHANGED | 28.9% | 1Y +27.6% 5Y +141.0% · 31 models |
NRG ENERGY INC NRG ENERGY INC · COM NEW · 629377508 | CALL | 3,100 | $493,644 | — | UNCHANGED | — | 1Y — 5Y — |
GITLAB INC GITLAB INC · CLASS A COM · 37637K108 | CALL | 7,800 | $292,734 | — | NEWLY REPORTED | — | 1Y — 5Y — |
TSM Taiwan Semiconductor Manufacturing Co. | PUT | 1,297,300 | $394.2 million | — | INCREASED | 25.4% | 1Y +24.1% 5Y +140.8% · 31 models |
NVDA NVIDIA Corporation | PUT | 1,001,400 | $186.8 million | — | UNCHANGED | 41.0% | 1Y +32.4% 5Y +188.0% · 33 models |
AVGO Broadcom Inc. | PUT | 290,000 | $100.4 million | — | INCREASED | 25.9% | 1Y +23.7% 5Y +145.8% · 32 models |
AAPL Apple Inc. | PUT | 264,000 | $71.8 million | — | INCREASED | 14.5% | 1Y +12.3% 5Y +75.3% · 33 models |
QCOM Qualcomm Inc. | PUT | 314,300 | $53.8 million | — | REDUCED | 23.1% | 1Y +18.9% 5Y +97.8% · 31 models |
ISHARES TR ISHARES TR · MSCI EMG MKT ETF · 464287234 | PUT | 454,600 | $24.9 million | — | REDUCED | — | 1Y — 5Y — |
AMZN Amazon.com Inc. | PUT | 74,500 | $17.2 million | — | UNCHANGED | 26.1% | 1Y +21.3% 5Y +126.1% · 32 models |
ORACLE CORP ORACLE CORP · COM · 68389X105 | PUT | 76,900 | $15.0 million | — | UNCHANGED | — | 1Y — 5Y — |
MU Micron Technology Inc. | PUT | 45,400 | $13.0 million | — | UNCHANGED | 33.9% | 1Y +30.4% 5Y +145.3% · 31 models |
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101 | PUT | 14,200 | $9.3 million | — | UNCHANGED | — | 1Y — 5Y — |
VST Vistra | PUT | 51,900 | $8.4 million | — | UNCHANGED | 33.6% | 1Y +26.8% 5Y +135.3% · 29 models |
VERTIV HOLDINGS CO VERTIV HOLDINGS CO · COM CL A · 92537N108 | PUT | 43,400 | $7.0 million | — | UNCHANGED | — | 1Y — 5Y — |
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109 | PUT | 13,200 | $4.7 million | — | UNCHANGED | — | 1Y — 5Y — |
ISHARES INC ISHARES INC · MSCI TAIWAN ETF · 46434G772 | PUT | 5,000 | $317,650 | — | REDUCED | — | 1Y — 5Y — |