Ariose Capital Management Ltd

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, Ariose Capital Management Ltd maintained a portfolio of 25 distinct positions. The most significant new addition to the portfolio was AXT INC, which now represents 26.23% of the total fund value. Conversely, Ariose Capital Management Ltd completely exited their position in QFIN HOLDINGS INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
25
Quarter
2026 Q1
Top Holding
AXTI (26.2%)
Top 10 Concentration
94.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-25 of 25
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
AXTI
AXT INC
Technology 26.23% #1
Prev: #—
9.5 685,524 no change
NEW
685,524 $39,061,157 2026 Q1 13F Filing 2026-03-31 2026-04-28
STX
SEAGATE TECHNOL...
Technology 25.41% #2
Prev: #—
9.0 96,600 no change
NEW
96,600 $37,844,016 2026 Q1 13F Filing 2026-03-31 2026-04-28
GLW
CORNING INC
Technology 11.57% #3
Prev: #—
8.5 126,729 no change
NEW
126,729 $17,231,341 2026 Q1 13F Filing 2026-03-31 2026-04-28
VICR
VICOR CORP
Technology 7.87% #4
Prev: #—
7.1 72,788 no change
NEW
72,788 $11,718,868 2026 Q1 13F Filing 2026-03-31 2026-04-28
DQ
DAQO NEW ENERGY...
Technology 6.53% 4.52% #5 3
Prev: #8
4.1 no change no change
P
S
457,155 $9,723,687 2020 Q4 13F Filing 2026-03-31 2026-04-28
AAOI
APPLIED OPTOELE...
Technology 5.91% #6
Prev: #—
5.9 104,000 no change
NEW
104,000 $8,797,360 2026 Q1 13F Filing 2026-03-31 2026-04-28
NOK
NOKIA CORP
Technology 3.23% #7
Prev: #—
4.8 598,086 no change
NEW
598,086 $4,808,611 2026 Q1 13F Filing 2026-03-31 2026-04-28
SGML
SIGMA LITHIUM C...
Basic Materials 2.57% #8
Prev: #—
4.5 310,076 no change
NEW
310,076 $3,826,338 2026 Q1 13F Filing 2026-03-31 2026-04-28
CCJ
CAMECO CORP
Energy 2.51% #9
Prev: #—
4.5 34,460 no change
NEW
34,460 $3,742,701 2026 Q1 13F Filing 2026-03-31 2026-04-28
URA
GLOBAL X FDS
ETF 2.50% #10
Prev: #—
4.5 76,900 no change
NEW
76,900 $3,724,267 2024 Q1 13F Filing 2026-03-31 2026-04-28
JOYY
JOYY INC
ETF 1.67% 8.24% #11 6
Prev: #5
0.7 -337,160 -88.8%
P
S
42,677 $2,491,910 2020 Q2 13F Filing 2026-03-31 2026-04-28
LITE
LUMENTUM HLDGS ...
Technology 1.31% #12
Prev: #—
4.0 2,784 no change
NEW
2,784 $1,956,484 2025 Q3 13F Filing 2026-03-31 2026-04-28
URNM
SPROTT FDS TR
ETF 1.23% #13
Prev: #—
4.0 29,040 no change
NEW
29,040 $1,833,876 2026 Q1 13F Filing 2026-03-31 2026-04-28
NVDA
NVIDIA CORPORAT...
Technology 0.98% 20.35% #14 12
Prev: #2
0.4 -317,300 -97.4%
P
S
8,400 $1,464,960 2017 Q3 13F Filing 2026-03-31 2026-04-28
YALA
YALLA GROUP LTD
Technology 0.46% 0.26% #15 2
Prev: #13
1.2 no change no change
P
S
109,934 $684,889 2025 Q2 13F Filing 2026-03-31 2026-04-28
QFIN
QFIN HOLDINGS I...
Financial Services 0.00% 0.20%
Sold All 😨
(Was: #14)
0.0 -31,574 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2026-03-31 2026-04-28
MLI
MUELLER INDS IN...
Industrials 0.00% 1.28%
Sold All 😨
(Was: #12)
0.0 -33,212 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2026-03-31 2026-04-28
CAMT
CAMTEK LTD
Technology 0.00% 1.31%
Sold All 😨
(Was: #11)
0.0 -36,700 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-04-28
IMAB
NOVABRIDGE BIOS...
Unknown 0.00% 1.82%
Sold All 😨
(Was: #10)
0.0 -1,363,515 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2026-03-31 2026-04-28
SLV
ISHARES SILVER ...
ETF 0.00% 3.16%
Sold All 😨
(Was: #9)
0.0 -146,200 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2026-03-31 2026-04-28
KLAC
KLA CORP
Technology 0.00% 5.41%
Sold All 😨
(Was: #7)
0.0 -13,300 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-04-28
NFLX
NETFLIX INC
ETF 0.00% 5.96%
Sold All 😨
(Was: #6)
0.0 -189,900 -100.0%
CLOSED
$— 2020 Q1 13F Filing 2026-03-31 2026-04-28
TER
TERADYNE INC
Technology 0.00% 10.80%
Sold All 😨
(Was: #4)
0.0 -166,627 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-04-28
U
UNITY SOFTWARE ...
Technology 0.00% 13.68%
Sold All 😨
(Was: #3)
0.0 -924,583 -100.0%
CLOSED
$— 2023 Q2 13F Filing 2026-03-31 2026-04-28
GOOGL
ALPHABET INC
Communication Services 0.00% 23.01%
Sold All 😨
(Was: #1)
0.0 -218,887 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2026-03-31 2026-04-28
Showing 1-25 of 25 holdings

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