← Latest Value Aligned Research Advisors portfolio

Value Aligned Research Advisors portfolio · 2026-03-31

Form 13F reports holdings as of 2026-03-31 and was filed on 2026-05-18. 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

$8.44 billion

Long positions

53

Calls / puts

42 / 12

Top 5 concentration

36.7%

Longs with AI data

8 / 53

Average AI 1Y

+35.2%

13F filing comparison

Quarter-over-quarter changes

2025-12-31 to 2026-03-31

Newly reported

0

No longer reported

10

Increased

0

Reduced

0

Newly reported this quarter

Present now and absent from the immediately preceding comparable filing.

No newly reported positions in this comparison.

No longer reported this quarter

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

PositionKindPrior sharesPrior value

AAON INC

AAON INC · COM PAR $0.004

LONG41,956$3.2 million

ARGAN INC

ARGAN INC · COM

LONG128,858$40.4 million

CONSTELLATION ENERGY CORP

CONSTELLATION ENERGY CORP · COM

LONG296,877$104.9 million

GALAXY DIGITAL INC.

GALAXY DIGITAL INC. · CL A

LONG1,061,151$23.7 million

GE VERNOVA INC

GE VERNOVA INC · COM

PUT14,200$9.3 million

GITLAB INC

GITLAB INC · CLASS A COM

LONG729,152$27.4 million

GITLAB INC

GITLAB INC · CLASS A COM

CALL7,800$292,734

ISHARES INC

ISHARES INC · MSCI TAIWAN ETF

PUT5,000$317,650

NRG ENERGY INC

NRG ENERGY INC · COM NEW

LONG135,486$21.6 million

VISTRA CORP

VISTRA CORP · COM

LONG716,107$115.5 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.

PositionKindSharesValueLong weightQuarter changeAI at filing · 1YAI now

LUMENTUM HLDGS INC

LUMENTUM HLDGS INC · COM · 55024U109

LONG1,057,260$743.0 million8.8%NOT COMPARABLE

1Y —

5Y —

CRWV

CoreWeave Inc

LONG8,280,763$641.5 million7.6%NOT COMPARABLE50.6%

1Y +44.1%

5Y +222.7% · 24 models

BLOOM ENERGY CORP

BLOOM ENERGY CORP · COM CL A · 093712107

LONG4,584,731$621.2 million7.4%NOT COMPARABLE

1Y —

5Y —

NEBIUS GROUP N.V.

NEBIUS GROUP N.V. · SHS CLASS A · N97284108

LONG5,813,450$603.2 million7.1%NOT COMPARABLE

1Y —

5Y —

VERTIV HOLDINGS CO

VERTIV HOLDINGS CO · COM CL A · 92537N108

LONG1,939,869$486.1 million5.8%NOT COMPARABLE

1Y —

5Y —

CLS

Celestica Inc.

LONG1,491,494$420.1 million5.0%NOT COMPARABLE29.2%

1Y +29.3%

5Y +149.8% · 23 models

SEAGATE TECHNOLOGY HLDNGS PL

SEAGATE TECHNOLOGY HLDNGS PL · ORD SHS · G7997R103

LONG914,657$358.3 million4.2%NOT COMPARABLE

1Y —

5Y —

WESTERN DIGITAL CORP

WESTERN DIGITAL CORP · COM · 958102105

LONG1,295,439$350.4 million4.2%NOT COMPARABLE

1Y —

5Y —

COHERENT CORP

COHERENT CORP · COM · 19247G107

LONG1,285,200$306.1 million3.6%NOT COMPARABLE

1Y —

5Y —

COMFORT SYS USA INC

COMFORT SYS USA INC · COM · 199908104

LONG213,637$294.6 million3.5%NOT COMPARABLE

1Y —

5Y —

EQT CORP

EQT CORP · COM · 26884L109

LONG4,187,988$266.5 million3.2%NOT COMPARABLE

1Y —

5Y —

FTAI AVIATION LTD

FTAI AVIATION LTD · SHS · G3730V105

LONG1,070,892$262.4 million3.1%NOT COMPARABLE

1Y —

5Y —

FREEPORT MCMORAN INC

FREEPORT MCMORAN INC · CL B · 35671D857

LONG4,421,462$259.9 million3.1%NOT COMPARABLE

1Y —

5Y —

APPLIED MATLS INC

APPLIED MATLS INC · COM · 038222105

LONG731,704$250.1 million3.0%NOT COMPARABLE

1Y —

5Y —

LAM RESEARCH CORP

LAM RESEARCH CORP · COM NEW · 512807306

LONG1,100,556$235.1 million2.8%NOT COMPARABLE

1Y —

5Y —

KLA CORP

KLA CORP · COM NEW · 482480100

LONG143,401$211.1 million2.5%NOT COMPARABLE

1Y —

5Y —

EMCOR GROUP INC

EMCOR GROUP INC · COM · 29084Q100

LONG223,521$165.0 million2.0%NOT COMPARABLE

1Y —

5Y —

IREN LIMITED

IREN LIMITED · ORDINARY SHARES · Q4982L109

LONG4,767,607$163.4 million1.9%NOT COMPARABLE

1Y —

5Y —

APLD

Applied Digital Corp

LONG6,668,311$158.3 million1.9%NOT COMPARABLE39.7%

1Y +36.8%

5Y +180.5% · 21 models

NVDA

NVIDIA Corporation

LONG853,696$148.9 million1.8%NOT COMPARABLE36.7%

1Y +34.1%

5Y +197.4% · 27 models

CIPHER MINING INC

CIPHER MINING INC · COM · 17253J106

LONG11,001,606$141.6 million1.7%NOT COMPARABLE

1Y —

5Y —

HUT 8 CORP

HUT 8 CORP · COM · 44812J104

LONG2,882,566$135.2 million1.6%NOT COMPARABLE

1Y —

5Y —

CORE SCIENTIFIC INC NEW

CORE SCIENTIFIC INC NEW · COM · 21874A106

LONG7,718,962$115.5 million1.4%NOT COMPARABLE

1Y —

5Y —

TERAWULF INC

TERAWULF INC · COM · 88080T104

LONG7,848,232$113.2 million1.3%NOT COMPARABLE

1Y —

5Y —

APPLIED OPTOELECTRONICS INC

APPLIED OPTOELECTRONICS INC · COM · 03823U102

LONG1,267,938$107.3 million1.3%NOT COMPARABLE

1Y —

5Y —

ASML HOLDING N V

ASML HOLDING N V · N Y REGISTRY SHS · N07059210

LONG70,548$93.2 million1.1%NOT COMPARABLE

1Y —

5Y —

MICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC · COM · 595112103

LONG218,808$73.9 million0.9%NOT COMPARABLE

1Y —

5Y —

SNOWFLAKE INC

SNOWFLAKE INC · COM SHS · 833445109

LONG481,340$72.6 million0.9%NOT COMPARABLE

1Y —

5Y —

SANDISK CORP

SANDISK CORP · COM · 80004C200

LONG105,199$66.8 million0.8%NOT COMPARABLE

1Y —

5Y —

RIOT

Riot Platforms Inc.

LONG5,176,918$64.0 million0.8%NOT COMPARABLE51.8%

1Y +46.6%

5Y +177.9% · 24 models

ASTERA LABS INC

ASTERA LABS INC · COM · 04626A103

LONG568,316$62.3 million0.7%NOT COMPARABLE

1Y —

5Y —

SOLARIS ENERGY INFRAS INC

SOLARIS ENERGY INFRAS INC · COM CL A · 83418M103

LONG896,985$50.7 million0.6%NOT COMPARABLE

1Y —

5Y —

TOWER SEMICONDUCTOR LTD

TOWER SEMICONDUCTOR LTD · SHS NEW · M87915274

LONG270,441$47.5 million0.6%NOT COMPARABLE

1Y —

5Y —

GE VERNOVA INC

GE VERNOVA INC · COM · 36828A101

LONG44,433$38.8 million0.5%NOT COMPARABLE

1Y —

5Y —

ACM RESH INC

ACM RESH INC · COM CL A · 00108J109

LONG955,927$37.6 million0.4%NOT COMPARABLE

1Y —

5Y —

STERLING INFRASTRUCTURE INC

STERLING INFRASTRUCTURE INC · COM · 859241101

LONG89,472$36.4 million0.4%NOT COMPARABLE

1Y —

5Y —

LIBERTY ENERGY INC

LIBERTY ENERGY INC · COM CL A · 53115L104

LONG1,264,006$36.4 million0.4%NOT COMPARABLE

1Y —

5Y —

BTDR

Bitdeer Technologies Group

LONG4,046,213$35.0 million0.4%NOT COMPARABLE55.0%

1Y +50.1%

5Y +220.3% · 19 models

TRANSALTA CORP

TRANSALTA CORP · COM · 89346D107

LONG2,596,273$34.1 million0.4%NOT COMPARABLE

1Y —

5Y —

TALEN ENERGY CORP

TALEN ENERGY CORP · COM · 87422Q109

LONG69,703$22.3 million0.3%NOT COMPARABLE

1Y —

5Y —

INTEL CORP

INTEL CORP · COM · 458140100

LONG503,741$22.2 million0.3%NOT COMPARABLE

1Y —

5Y —

LEGENCE CORP

LEGENCE CORP · CL A · 52476L109

LONG308,141$17.4 million0.2%NOT COMPARABLE

1Y —

5Y —

ORACLE CORP

ORACLE CORP · COM · 68389X105

LONG115,078$16.9 million0.2%NOT COMPARABLE

1Y —

5Y —

BITFARMS LTD

BITFARMS LTD · COM · 09173B107

LONG7,815,121$15.2 million0.2%NOT COMPARABLE

1Y —

5Y —

BROADCOM INC

BROADCOM INC · COM · 11135F101

LONG48,911$15.1 million0.2%NOT COMPARABLE

1Y —

5Y —

BKV CORP

BKV CORP · COM · 05603J108

LONG323,051$9.2 million0.1%NOT COMPARABLE

1Y —

5Y —

TSS INC DEL

TSS INC DEL · COM · 87288V101

LONG460,510$6.0 million0.1%NOT COMPARABLE

1Y —

5Y —

HALLADOR ENERGY COMPANY

HALLADOR ENERGY COMPANY · COM · 40609P105

LONG320,759$5.2 million0.1%NOT COMPARABLE

1Y —

5Y —

ALPHABET INC

ALPHABET INC · CAP STK CL A · 02079K305

LONG11,502$3.3 million0.0%NOT COMPARABLE

1Y —

5Y —

ALPHABET INC

ALPHABET INC · CAP STK CL C · 02079K107

LONG4,785$1.4 million0.0%NOT COMPARABLE

1Y —

5Y —

AMAZON COM INC

AMAZON COM INC · COM · 023135106

LONG4,922$1.0 million0.0%NOT COMPARABLE

1Y —

5Y —

TSM

Taiwan Semiconductor Manufacturing Co.

LONG680$229,8060.0%NOT COMPARABLE24.7%

1Y +24.3%

5Y +142.0% · 25 models

MSFT

Microsoft Corporation

LONG374$138,4440.0%NOT COMPARABLE17.4%

1Y +16.6%

5Y +97.8% · 27 models

NVDA

NVIDIA Corporation

CALL17,434,300$3.04 billionNOT COMPARABLE36.7%

1Y +34.1%

5Y +197.4% · 27 models

ALPHABET INC

ALPHABET INC · CAP STK CL A · 02079K305

CALL8,005,500$2.30 billionNOT COMPARABLE

1Y —

5Y —

AMAZON COM INC

AMAZON COM INC · COM · 023135106

CALL9,905,900$2.06 billionNOT COMPARABLE

1Y —

5Y —

TSM

Taiwan Semiconductor Manufacturing Co.

CALL2,752,800$930.3 millionNOT COMPARABLE24.7%

1Y +24.3%

5Y +142.0% · 25 models

INTEL CORP

INTEL CORP · COM · 458140100

CALL12,653,400$558.4 millionNOT COMPARABLE

1Y —

5Y —

ORACLE CORP

ORACLE CORP · COM · 68389X105

CALL2,274,700$334.6 millionNOT COMPARABLE

1Y —

5Y —

BROADCOM INC

BROADCOM INC · COM · 11135F101

CALL916,800$283.8 millionNOT COMPARABLE

1Y —

5Y —

ASML HOLDING N V

ASML HOLDING N V · N Y REGISTRY SHS · N07059210

CALL208,700$275.7 millionNOT COMPARABLE

1Y —

5Y —

MICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC · COM · 595112103

CALL718,600$242.8 millionNOT COMPARABLE

1Y —

5Y —

MSFT

Microsoft Corporation

CALL453,300$167.8 millionNOT COMPARABLE17.4%

1Y +16.6%

5Y +97.8% · 27 models

AMD

Advanced Micro Devices Inc.

CALL763,000$155.2 millionNOT COMPARABLE27.6%

1Y +26.1%

5Y +157.0% · 27 models

VERTIV HOLDINGS CO

VERTIV HOLDINGS CO · COM CL A · 92537N108

CALL496,700$124.5 millionNOT COMPARABLE

1Y —

5Y —

CRWV

CoreWeave Inc

CALL1,503,500$116.5 millionNOT COMPARABLE50.6%

1Y +44.1%

5Y +222.7% · 24 models

FREEPORT MCMORAN INC

FREEPORT MCMORAN INC · CL B · 35671D857

CALL1,742,300$102.4 millionNOT COMPARABLE

1Y —

5Y —

ZOOM COMMUNICATIONS INC

ZOOM COMMUNICATIONS INC · CL A · 98980L101

CALL1,101,700$88.6 millionNOT COMPARABLE

1Y —

5Y —

EQT CORP

EQT CORP · COM · 26884L109

CALL1,308,600$83.3 millionNOT COMPARABLE

1Y —

5Y —

APPLIED MATLS INC

APPLIED MATLS INC · COM · 038222105

CALL151,500$51.8 millionNOT COMPARABLE

1Y —

5Y —

NEBIUS GROUP N.V.

NEBIUS GROUP N.V. · SHS CLASS A · N97284108

CALL428,000$44.4 millionNOT COMPARABLE

1Y —

5Y —

LAM RESEARCH CORP

LAM RESEARCH CORP · COM NEW · 512807306

CALL206,600$44.1 millionNOT COMPARABLE

1Y —

5Y —

SANDISK CORP

SANDISK CORP · COM · 80004C200

CALL56,100$35.6 millionNOT COMPARABLE

1Y —

5Y —

GE VERNOVA INC

GE VERNOVA INC · COM · 36828A101

CALL35,600$31.1 millionNOT COMPARABLE

1Y —

5Y —

KLA CORP

KLA CORP · COM NEW · 482480100

CALL18,300$26.9 millionNOT COMPARABLE

1Y —

5Y —

IREN LIMITED

IREN LIMITED · ORDINARY SHARES · Q4982L109

CALL622,300$21.3 millionNOT COMPARABLE

1Y —

5Y —

VST

Vistra

CALL136,000$20.4 millionNOT COMPARABLE30.8%

1Y +29.5%

5Y +146.1% · 23 models

SNOWFLAKE INC

SNOWFLAKE INC · COM SHS · 833445109

CALL132,800$20.0 millionNOT COMPARABLE

1Y —

5Y —

CONSTELLATION ENERGY CORP

CONSTELLATION ENERGY CORP · COM · 21037T109

CALL68,700$19.2 millionNOT COMPARABLE

1Y —

5Y —

TERAWULF INC

TERAWULF INC · COM · 88080T104

CALL1,227,000$17.7 millionNOT COMPARABLE

1Y —

5Y —

FTAI AVIATION LTD

FTAI AVIATION LTD · SHS · G3730V105

CALL50,300$12.3 millionNOT COMPARABLE

1Y —

5Y —

HUT 8 CORP

HUT 8 CORP · COM · 44812J104

CALL229,100$10.7 millionNOT COMPARABLE

1Y —

5Y —

TOWER SEMICONDUCTOR LTD

TOWER SEMICONDUCTOR LTD · SHS NEW · M87915274

CALL39,200$6.9 millionNOT COMPARABLE

1Y —

5Y —

APLD

Applied Digital Corp

CALL264,200$6.3 millionNOT COMPARABLE39.7%

1Y +36.8%

5Y +180.5% · 21 models

CIPHER MINING INC

CIPHER MINING INC · COM · 17253J106

CALL449,500$5.8 millionNOT COMPARABLE

1Y —

5Y —

CLS

Celestica Inc.

CALL13,500$3.8 millionNOT COMPARABLE29.2%

1Y +29.3%

5Y +149.8% · 23 models

BLOOM ENERGY CORP

BLOOM ENERGY CORP · COM CL A · 093712107

CALL17,300$2.3 millionNOT COMPARABLE

1Y —

5Y —

APPLIED OPTOELECTRONICS INC

APPLIED OPTOELECTRONICS INC · COM · 03823U102

CALL25,500$2.2 millionNOT COMPARABLE

1Y —

5Y —

COHERENT CORP

COHERENT CORP · COM · 19247G107

CALL7,300$1.7 millionNOT COMPARABLE

1Y —

5Y —

NRG ENERGY INC

NRG ENERGY INC · COM NEW · 629377508

CALL3,100$453,034NOT COMPARABLE

1Y —

5Y —

BITFARMS LTD

BITFARMS LTD · COM · 09173B107

CALL127,800$249,210NOT COMPARABLE

1Y —

5Y —

LIBERTY ENERGY INC

LIBERTY ENERGY INC · COM CL A · 53115L104

CALL8,300$239,040NOT COMPARABLE

1Y —

5Y —

SEAGATE TECHNOLOGY HLDNGS PL

SEAGATE TECHNOLOGY HLDNGS PL · ORD SHS · G7997R103

CALL100$39,176NOT COMPARABLE

1Y —

5Y —

ACM RESH INC

ACM RESH INC · COM CL A · 00108J109

CALL100$3,935NOT COMPARABLE

1Y —

5Y —

BTDR

Bitdeer Technologies Group

CALL200$1,730NOT COMPARABLE55.0%

1Y +50.1%

5Y +220.3% · 19 models

TSM

Taiwan Semiconductor Manufacturing Co.

PUT1,881,300$635.8 millionNOT COMPARABLE24.7%

1Y +24.3%

5Y +142.0% · 25 models

NVDA

NVIDIA Corporation

PUT1,001,400$174.6 millionNOT COMPARABLE36.7%

1Y +34.1%

5Y +197.4% · 27 models

BROADCOM INC

BROADCOM INC · COM · 11135F101

PUT290,000$89.8 millionNOT COMPARABLE

1Y —

5Y —

QUALCOMM INC

QUALCOMM INC · COM · 747525103

PUT169,800$21.9 millionNOT COMPARABLE

1Y —

5Y —

AMAZON COM INC

AMAZON COM INC · COM · 023135106

PUT74,500$15.5 millionNOT COMPARABLE

1Y —

5Y —

MICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC · COM · 595112103

PUT45,400$15.3 millionNOT COMPARABLE

1Y —

5Y —

APPLE INC

APPLE INC · COM · 037833100

PUT55,400$14.1 millionNOT COMPARABLE

1Y —

5Y —

ISHARES TR

ISHARES TR · MSCI EMG MKT ETF · 464287234

PUT224,100$12.7 millionNOT COMPARABLE

1Y —

5Y —

ORACLE CORP

ORACLE CORP · COM · 68389X105

PUT76,900$11.3 millionNOT COMPARABLE

1Y —

5Y —

VERTIV HOLDINGS CO

VERTIV HOLDINGS CO · COM CL A · 92537N108

PUT43,400$10.9 millionNOT COMPARABLE

1Y —

5Y —

CONSTELLATION ENERGY CORP

CONSTELLATION ENERGY CORP · COM · 21037T109

PUT13,200$3.7 millionNOT COMPARABLE

1Y —

5Y —

VST

Vistra

PUT23,500$3.5 millionNOT COMPARABLE30.8%

1Y +29.5%

5Y +146.1% · 23 models

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 17.4%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.