SEC 13F Intelligence

Managers / Q1 2026

Ariose Capital Management Ltd

CIK 0001665925 · SUITE 1107, 11TH FLOOR, ICBC TOWER, 3 GARDEN ROAD, CENTRAL, HONG KONG, 00000 · 85223252999

Reported Value
$149M
Q1 2026
Positions
15
Filings on Record
31
2019–present window
Filed
Apr 28, 2026
original filing

Summary

Ariose Capital Management Ltd reported $149M in U.S.-listed holdings across 15 positions for Q1 2026.

The portfolio is heavily concentrated: AXTI alone accounts for 26.2% of reported value.

Compared with Q4 2025, the fund opened 11 new positions and exited 10.

Portfolio Metrics

Turnover
+60.1%
vs prior filed quarter
Top-10 Concentration
+94.3%
share of reported value
Largest Position
+26.2%
Axt
New / Exited
11 / 10
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $48MQ4 ’18Q1 ’19: $15MQ2 ’19: $120MQ3 ’19: $78MQ4 ’19: $68MQ4 ’19Q1 ’20: $209MQ2 ’20: $141MQ3 ’20: $121MQ4 ’20: $66MQ4 ’20Q1 ’21: $14MQ2 ’21: $30MQ3 ’21: $27MQ4 ’21: $42MQ4 ’21Q1 ’22: $26MQ2 ’22: $94MQ3 ’22: $100MQ4 ’22: $230MQ4 ’22Q1 ’23: $263MQ2 ’23: $125MQ3 ’23: $177MQ4 ’23: $256MQ4 ’23Q1 ’24: $190MQ2 ’24: $131MQ3 ’24: $117MQ4 ’24: $121MQ4 ’24Q1 ’25: $91MQ2 ’25: $158MQ3 ’25: $298MQ4 ’25: $299MQ4 ’25Q1 ’26: $149Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 59.0%Other: 25.4%ADR: 11.9%ETP: 3.7%
  • Common Stock · 59.0% · $88M
  • Other · 25.4% · $38M
  • ADR · 11.9% · $18M
  • ETP · 3.7% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AXTIAXT INCNEW+685.5K685.5K+$39M$39M
SEAGATE TECHNOLOGY HLDNGS PLNEW+96.6K96.6K+$38M$38M
GLWCORNING INCNEW+126.7K126.7K+$17M$17M
VICRVICOR CORPNEW+72.8K72.8K+$12M$12M
AAOIAPPLIED OPTOELECTRONICS INCNEW+104.0K104.0K+$9M$9M
NOKNOKIA CORPNEW+598.1K598.1K+$5M$5M
SGMLSIGMA LITHIUM CORPORATIONNEW+310.1K310.1K+$4M$4M
CCOCAMECO CORPNEW+34.5K34.5K+$4M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AXTIAXT INChistory →COM26.23%$39M685.5K
2SEAGATE TECHNOLOGY HLDNGS PLORD SHS25.41%$38M96.6K
3GLWCORNING INChistory →COM11.57%$17M126.7K
4VICRVICOR CORPhistory →COM7.87%$12M72.8K
5DQDAQO NEW ENERGY CORPhistory →SPNSRD ADS NEW6.53%$10M457.2K
6AAOIAPPLIED OPTOELECTRONICS INChistory →COM5.91%$9M104.0K
7NOKNOKIA CORPhistory →SPONSORED ADR3.23%$5M598.1K
8SGMLSIGMA LITHIUM CORPORATIONhistory →COM2.57%$4M310.1K
9CCOCAMECO CORPhistory →COM2.51%$4M34.5K
10GLOBAL X FDSGLOBAL X URANIUM2.50%$4M76.9K
11JOYYJOYY INChistory →ADS REPSTG COM A1.67%$2M42.7K
12LITELUMENTUM HLDGS INChistory →COM1.31%$2M2.8K
13SPROTT FDS TRURANIUM MINERS E1.23%$2M29.0K
14NVDANVIDIA CORPORATIONCOM0.98%$1M8.4K
15YALAYALLA GROUP LTDADS0.46%$684,889109.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$149M15Apr 28, 202613F-HRchanges · EDGAR ↗
Q4 2025$299M14Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$298M35Oct 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$158M18Jul 17, 202513F-HRchanges · EDGAR ↗
Q1 2025$91M12Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$121M13Jan 16, 202513F-HRchanges · EDGAR ↗
Q3 2024$117M9Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$131M13Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$190M12Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$256M17Jan 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$177M9Oct 26, 202313F-HRchanges · EDGAR ↗
Q2 2023$125M11Jul 20, 202313F-HRchanges · EDGAR ↗
Q1 2023$263M14May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$230M14Jan 20, 202313F-HRchanges · EDGAR ↗
Q3 2022$100M4Oct 24, 202213F-HRchanges · EDGAR ↗
Q2 2022$94M5Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$26M5Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$42M11Jan 31, 202213F-HRchanges · EDGAR ↗
Q3 2021$27M4Oct 18, 202113F-HRchanges · EDGAR ↗
Q2 2021$30M7Jul 20, 202113F-HRchanges · EDGAR ↗
Q1 2021$14M4May 4, 202113F-HRchanges · EDGAR ↗
Q4 2020$66M10Jan 20, 202113F-HRchanges · EDGAR ↗
Q3 2020$121M11Oct 29, 202013F-HRchanges · EDGAR ↗
Q2 2020$141M20Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$209M44May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$68M9Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$78M6Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$120M6Jul 29, 201913F-HRchanges · EDGAR ↗
Q1 2019$15M2May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$48M4Feb 12, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.