SEC 13F Intelligence

Managers / Q1 2026

AI-Squared Management Ltd

CIK 0001933952 · UNIT 3610, ICBC TOWER, 3 GARDEN ROAD, CENTRAL, HONG KONG, K3, 000000 · 852 3841 7498

Reported Value
$137M
Q1 2026
Positions
19
Filings on Record
10
2019–present window
Filed
May 12, 2026
original filing

Summary

Ai-Squared Management Ltd reported $137M in U.S.-listed holdings across 19 positions for Q1 2026.

Its largest position, LITE, represents 18.6% of the portfolio.

Compared with Q4 2025, the fund opened 10 new positions and exited 9.

Portfolio Metrics

Turnover
+37.2%
vs prior filed quarter
Top-10 Concentration
+76.5%
share of reported value
Largest Position
+18.6%
Lumentum
New / Exited
10 / 9
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 ’23: $78MQ4 ’23Q1 ’24: $133MQ2 ’24: $178MQ2 ’24Q3 ’24: $197MQ4 ’24: $98MQ4 ’24Q1 ’25: $107MQ2 ’25: $159MQ2 ’25Q3 ’25: $96MQ4 ’25: $86MQ4 ’25Q1 ’26: $137Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 69.4%ADR: 30.6%
  • Common Stock · 69.4% · $95M
  • ADR · 30.6% · $42M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LITELUMENTUM HLDGS INCNEW+36.3K36.3K+$26M$26M
SNDKSANDISK CORPNEW+21.1K21.1K+$13M$13M
DOCNDIGITALOCEAN HLDGS INCNEW+81.5K81.5K+$7M$7M
STAASTAAR SURGICAL CONEW+268.1K268.1K+$5M$5M
CLVTRIP COM GROUP LTDNEW+94.8K94.8K+$5M$5M
TERTERADYNE INCNEW+15.5K15.5K+$5M$5M
RMBS*RAMBUS INC DELNEW+49.6K49.6K+$4M$4M
METAMETA PLATFORMS INCNEW+4.0K4.0K+$2M$2M

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

Holdings — Q1 2026

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LITELUMENTUM HLDGS INChistory →COM18.58%$26M36.3K
2SNDKSANDISK CORPhistory →COM9.77%$13M21.1K
3MUMICRON TECHNOLOGY INChistory →COM9.19%$13M37.4K
4AMDADVANCED MICRO DEVICES INChistory →COM8.28%$11M55.9K
5ATATATOUR LIFESTYLE HLDGS LTDhistory →SPONSORED ADS7.92%$11M295.7K
6BIDUNBAIDU INChistory →SPON ADR REP A5.23%$7M64.6K
7DOCNDIGITALOCEAN HLDGS INChistory →COM5.09%$7M81.5K
8NVDANVIDIA CORPORATIONhistory →COM5.04%$7M39.7K
9VNETVNET GROUP INChistory →SPONSORED ADS A3.75%$5M614.4K
10STAASTAAR SURGICAL COhistory →COM PAR $0.013.65%$5M268.1K
11CLVTRIP COM GROUP LTDhistory →ADS3.43%$5M94.8K
12FUTUFUTU HLDGS LTDhistory →SPON ADS CL A3.36%$5M33.8K
13TERTERADYNE INChistory →COM3.34%$5M15.5K
14TSMTAIWAN SEMICONDUCTOR MANUFAChistory →SPONSORED ADS3.30%$5M13.4K
15GDSGDS HLDGS LTDhistory →SPONSORED ADS3.11%$4M106.2K
16RMBS*RAMBUS INC DELhistory →COM3.10%$4M49.6K
17METAMETA PLATFORMS INChistory →CL A1.67%$2M4.0K
18SNPSSYNOPSYS INChistory →COM1.65%$2M5.7K
19BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.52%$715,1225.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$137M19May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$86M18Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$96M20Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$159M11Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$107M16May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$98M20Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$197M26Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$178M25Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$133M18May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$78M16Feb 7, 202413F-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 ↗.