← Latest Value Aligned Research Advisors portfolio

Value Aligned Research Advisors portfolio · 2025-12-31

Form 13F reports holdings as of 2025-12-31 and was filed on 2026-02-17. 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

$4.88 billion

Long positions

Calls / puts

25 / 14

Top 5 concentration

38.1%

Longs with AI data

9 / 47

Average AI 1Y

+34.6%

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

13F filing comparison

Quarter-over-quarter changes

2025-09-30 to 2025-12-31

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
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 HOLDING N V ASML HOLDING N V	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 +44.1% 5Y +222.7% · 24 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 +29.3% 5Y +149.8% · 23 models
BLOOM ENERGY CORP BLOOM ENERGY CORP · COM CL A · 093712107	LONG	3,476,548	$302.1 million	6.2%	INCREASED	—	1Y — 5Y —
NEBIUS GROUP N.V. NEBIUS GROUP N.V. · SHS CLASS A · N97284108	LONG	3,305,776	$276.7 million	5.7%	INCREASED	—	1Y — 5Y —
COHERENT CORP COHERENT CORP · COM · 19247G107	LONG	1,335,217	$246.4 million	5.0%	INCREASED	—	1Y — 5Y —
GE VERNOVA INC GE VERNOVA INC · COM · 36828A101	LONG	271,213	$177.3 million	3.6%	INCREASED	—	1Y — 5Y —
EQT CORP EQT CORP · COM · 26884L109	LONG	2,915,700	$156.3 million	3.2%	INCREASED	—	1Y — 5Y —
APLD Applied Digital Corp	LONG	5,643,550	$138.4 million	2.8%	NEWLY REPORTED	42.3%	1Y +36.8% 5Y +180.5% · 21 models
APPLIED MATLS INC APPLIED MATLS INC · COM · 038222105	LONG	538,231	$138.3 million	2.8%	INCREASED	—	1Y — 5Y —
COMFORT SYS USA INC COMFORT SYS USA INC · COM · 199908104	LONG	147,021	$137.2 million	2.8%	INCREASED	—	1Y — 5Y —
IREN LIMITED IREN LIMITED · ORDINARY SHARES · Q4982L109	LONG	3,515,247	$132.8 million	2.7%	REDUCED	—	1Y — 5Y —
HUT 8 CORP HUT 8 CORP · COM · 44812J104	LONG	2,788,516	$128.1 million	2.6%	INCREASED	—	1Y — 5Y —
RIOT Riot Platforms Inc.	LONG	9,624,147	$121.9 million	2.5%	INCREASED	60.4%	1Y +46.6% 5Y +177.9% · 24 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 +29.5% 5Y +146.1% · 23 models
CIPHER MINING INC CIPHER MINING 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 —
BROADCOM INC BROADCOM INC · COM · 11135F101	LONG	219,909	$76.1 million	1.6%	UNCHANGED	—	1Y — 5Y —
SNOWFLAKE INC SNOWFLAKE INC · COM SHS · 833445109	LONG	312,224	$68.5 million	1.4%	INCREASED	—	1Y — 5Y —
EMCOR GROUP INC EMCOR GROUP INC · COM · 29084Q100	LONG	111,108	$68.0 million	1.4%	INCREASED	—	1Y — 5Y —
MICRON TECHNOLOGY INC MICRON TECHNOLOGY INC · COM · 595112103	LONG	218,808	$62.4 million	1.3%	REDUCED	—	1Y — 5Y —
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 +50.1% 5Y +220.3% · 19 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 +34.1% 5Y +197.4% · 27 models
LEGENCE CORP LEGENCE CORP · CL A · 52476L109	LONG	251,681	$10.8 million	0.2%	INCREASED	—	1Y — 5Y —
HALLADOR ENERGY COMPANY HALLADOR ENERGY COMPANY · COM · 40609P105	LONG	320,759	$6.1 million	0.1%	UNCHANGED	—	1Y — 5Y —
BKV CORP BKV CORP · COM · 05603J108	LONG	192,295	$5.2 million	0.1%	INCREASED	—	1Y — 5Y —
ALPHABET INC ALPHABET INC · CAP STK CL A · 02079K305	LONG	11,502	$3.6 million	0.1%	UNCHANGED	—	1Y — 5Y —
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 —
ALPHABET INC ALPHABET INC · CAP STK CL C · 02079K107	LONG	4,785	$1.5 million	0.0%	UNCHANGED	—	1Y — 5Y —
AMAZON COM INC AMAZON COM INC · COM · 023135106	LONG	4,922	$1.1 million	0.0%	UNCHANGED	—	1Y — 5Y —
ASML HOLDING N V ASML HOLDING N V · N Y REGISTRY SHS · N07059210	LONG	203	$217,182	0.0%	NEWLY REPORTED	—	1Y — 5Y —
TSM Taiwan Semiconductor Manufacturing Co.	LONG	680	$206,645	0.0%	UNCHANGED	25.4%	1Y +24.3% 5Y +142.0% · 25 models
MSFT Microsoft Corporation	LONG	374	$180,874	0.0%	UNCHANGED	18.2%	1Y +16.6% 5Y +97.8% · 27 models
NVDA NVIDIA Corporation	CALL	5,675,800	$1.06 billion	—	INCREASED	41.0%	1Y +34.1% 5Y +197.4% · 27 models
TSM Taiwan Semiconductor Manufacturing Co.	CALL	1,828,000	$555.5 million	—	UNCHANGED	25.4%	1Y +24.3% 5Y +142.0% · 25 models
ALPHABET INC ALPHABET INC · CAP STK CL A · 02079K305	CALL	1,634,600	$511.6 million	—	INCREASED	—	1Y — 5Y —
AMAZON COM INC AMAZON COM INC · COM · 023135106	CALL	2,043,300	$471.6 million	—	INCREASED	—	1Y — 5Y —
INTEL CORP INTEL CORP · COM · 458140100	CALL	11,019,800	$406.6 million	—	REDUCED	—	1Y — 5Y —
BROADCOM INC BROADCOM INC · COM · 11135F101	CALL	872,000	$301.8 million	—	INCREASED	—	1Y — 5Y —
MSFT Microsoft Corporation	CALL	424,100	$205.1 million	—	INCREASED	18.2%	1Y +16.6% 5Y +97.8% · 27 models
MICRON TECHNOLOGY INC MICRON TECHNOLOGY INC · COM · 595112103	CALL	718,600	$205.1 million	—	UNCHANGED	—	1Y — 5Y —
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 +26.1% 5Y +157.0% · 27 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 +44.1% 5Y +222.7% · 24 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 —
NEBIUS GROUP N.V. NEBIUS GROUP N.V. · SHS CLASS A · N97284108	CALL	228,800	$19.2 million	—	UNCHANGED	—	1Y — 5Y —
EQT CORP EQT CORP · COM · 26884L109	CALL	275,600	$14.8 million	—	INCREASED	—	1Y — 5Y —
VST Vistra	CALL	89,300	$14.4 million	—	INCREASED	33.6%	1Y +29.5% 5Y +146.1% · 23 models
CONSTELLATION ENERGY CORP CONSTELLATION ENERGY CORP · COM · 21037T109	CALL	38,500	$13.6 million	—	INCREASED	—	1Y — 5Y —
SNOWFLAKE INC SNOWFLAKE INC · COM SHS · 833445109	CALL	49,400	$10.8 million	—	UNCHANGED	—	1Y — 5Y —
CLS Celestica Inc.	CALL	13,500	$4.0 million	—	UNCHANGED	27.3%	1Y +29.3% 5Y +149.8% · 23 models
BLOOM ENERGY CORP BLOOM ENERGY CORP · COM CL A · 093712107	CALL	17,300	$1.5 million	—	UNCHANGED	—	1Y — 5Y —
COHERENT CORP COHERENT CORP · COM · 19247G107	CALL	7,300	$1.3 million	—	UNCHANGED	—	1Y — 5Y —
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 +24.3% 5Y +142.0% · 25 models
NVDA NVIDIA Corporation	PUT	1,001,400	$186.8 million	—	UNCHANGED	41.0%	1Y +34.1% 5Y +197.4% · 27 models
BROADCOM INC BROADCOM INC · COM · 11135F101	PUT	290,000	$100.4 million	—	INCREASED	—	1Y — 5Y —
APPLE INC APPLE INC · COM · 037833100	PUT	264,000	$71.8 million	—	INCREASED	—	1Y — 5Y —
QUALCOMM INC QUALCOMM INC · COM · 747525103	PUT	314,300	$53.8 million	—	REDUCED	—	1Y — 5Y —
ISHARES TR ISHARES TR · MSCI EMG MKT ETF · 464287234	PUT	454,600	$24.9 million	—	REDUCED	—	1Y — 5Y —
AMAZON COM INC AMAZON COM INC · COM · 023135106	PUT	74,500	$17.2 million	—	UNCHANGED	—	1Y — 5Y —
ORACLE CORP ORACLE CORP · COM · 68389X105	PUT	76,900	$15.0 million	—	UNCHANGED	—	1Y — 5Y —
MICRON TECHNOLOGY INC MICRON TECHNOLOGY INC · COM · 595112103	PUT	45,400	$13.0 million	—	UNCHANGED	—	1Y — 5Y —
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 +29.5% 5Y +146.1% · 23 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 —

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 24.6%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.