AI-Squared Management Ltd

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, AI-Squared Management Ltd maintained a portfolio of 27 distinct positions. The most significant new addition to the portfolio was TAIWAN SEMICONDUCTOR, which now represents 10.43% of the total fund value. They heavily accumulated shares in BAIDU INC, increasing their position by 10.7%. Conversely, AI-Squared Management Ltd completely exited their position in ONTO INNOVATION INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
27
Quarter
2025 Q4
Top Holding
BIDU (14.7%)
Top 10 Concentration
76.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 27
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
BIDU
BAIDU INC
Communication Services 14.74% 12.04% #1 1
Prev: #2
7.9 9,400 10.7%
P
S
97,150 $12,693,619
$131.66 +14.2%
$130.66 +15.0%
2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 10.43% #2
Prev: #—
6.2 29,560 no change
NEW
29,560 $8,982,988
$152.85 +108.5%
$303.04 +5.2%
2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
Technology 9.25% 1.89% #3 13
Prev: #16
6.0 26,000 232.1%
P
S
37,200 $7,966,752
$185.75 +20.3%
$214.16 +4.3%
2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CSIQ
CANADIAN SOLAR ...
Technology 8.22% #4
Prev: #—
5.3 297,800 no change
NEW
297,800 $7,078,706 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 7.12% #5
Prev: #—
4.8 32,900 no change
NEW
32,900 $6,135,850 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GDS
GDS HLDGS LTD
Technology 6.76% 3.96% #6 5
Prev: #11
4.9 68,460 69.7%
P
S
166,740 $5,819,226 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ATAT
ATOUR LIFESTYLE...
Consumer Cyclical 6.54% 6.31% #7 3
Prev: #4
2.7 -18,158 -11.3%
P
S
143,000 $5,634,200 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SEI
SOLARIS ENERGY ...
Energy 4.56% #8
Prev: #—
3.8 85,500 no change
NEW
85,500 $3,930,435 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMKR
AMKOR TECHNOLOG...
Technology 4.50% 1.92% #9 6
Prev: #15
4.0 33,400 51.5%
P
S
98,200 $3,876,936 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VNET
VNET GROUP INC
Technology 4.34% 4.06% #10 1
Prev: #9
3.8 64,291 17.0%
P
S
441,571 $3,735,691 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
INTC
INTEL CORP
Technology 4.25% 3.96% #11 1
Prev: #10
1.7 -14,100 -12.4%
P
S
99,300 $3,664,170 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FUTU
FUTU HLDGS LTD
Financial Services 4.08% 0.33% #12 8
Prev: #20
3.9 19,600 1088.9%
P
S
21,400 $3,514,094 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PDD
PDD HOLDINGS IN...
Consumer Cyclical 3.57% 24.84% #13 12
Prev: #1
1.7 -153,365 -85.0%
P
S
27,143 $3,077,745 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 3.57% #14
Prev: #—
3.4 8,880 no change
NEW
8,880 $3,073,368 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OLED
UNIVERSAL DISPL...
Technology 2.21% 5.74% #15 9
Prev: #6
1.1 -22,119 -57.6%
P
S
16,281 $1,901,295 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRDO
CREDO TECHNOLOG...
Technology 2.21% #16
Prev: #—
2.9 13,200 no change
NEW
13,200 $1,899,348 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MU
MICRON TECHNOLO...
Technology 1.86% #17
Prev: #—
2.7 5,600 no change
NEW
5,600 $1,598,296 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IQ
IQIYI INC
Communication Services 1.79% 0.38% #18 1
Prev: #19
3.0 661,000 467.5%
P
S
802,400 $1,540,608 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ONTO
ONTO INNOVATION...
Technology 0.00% 8.11%
Sold All 😨
(Was: #3)
0.3 -60,300 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HTZ
HERTZ GLOBAL HL...
Industrials 0.00% 6.22%
Sold All 😨
(Was: #5)
0.3 -878,900 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AAOI
APPLIED OPTOELE...
Technology 0.00% 5.25%
Sold All 😨
(Was: #7)
0.3 -194,500 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 0.00% 4.21%
Sold All 😨
(Was: #8)
0.3 -22,626 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
YMM
FULL TRUCK ALLI...
Technology 0.00% 3.76%
Sold All 😨
(Was: #12)
0.3 -278,700 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LITE
LUMENTUM HLDGS ...
Technology 0.00% 2.03%
Sold All 😨
(Was: #13)
0.3 -12,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CLS
CELESTICA INC
Technology 0.00% 1.95%
Sold All 😨
(Was: #14)
0.3 -7,600 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JBL
JABIL INC
Technology 0.00% 1.83%
Sold All 😨
(Was: #17)
0.3 -8,100 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HTHT
H WORLD GROUP L...
Consumer Cyclical 0.00% 1.21%
Sold All 😨
(Was: #18)
0.3 -29,600 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 27 holdings

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