AI-Squared Management Ltd
Long book
$137.4M
Q1 2026
Positions
19
Top-10 weight
76%
concentration
Last quarter
+52.3%
SPY +14.8%
Turnover
68%
of book per quarter
Strategy in plain words
auto-generated from filingsAI-Squared Management Ltd is a concentrated fundamental stock-picker, specialised in technology (81% of the long book), running a $137.4M US long book across 19 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: LUMENTUM HOLDINGS INC, SANDISK CORP, MICRON TECHNOLOGY INC, ADVANCED MICRO DEVICES, ATOUR LIFESTYLE HOLDINGS-ADR.
Over the last 9 quarters its long book ran on average 9pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+11.4%
Q2 2024
+3.9%
Q3 2024
-7.3%
Q4 2024
+10.6%
Q1 2025
+25.5%
Q2 2025
+29.9%
Q3 2025
+0.2%
Q4 2025
-5.0%
Q1 2026
+52.3%
Sector allocation
Technology 95%
Healthcare 5%
Long book by quarter
What does AI-Squared Management own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LITE LUMENTUM HOLDINGS INC | Technology | 36.3K | $25.5M | 18.6% | New |
| SNDK SANDISK CORP | Technology | 21.1K | $13.4M | 9.8% | New |
| MU MICRON TECHNOLOGY INC | Technology | 37.4K | $12.6M | 9.2% | +567.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 55.9K | $11.4M | 8.3% | +50.3% |
| DOCN DIGITALOCEAN HOLDINGS INC | Technology | 81.5K | $7.0M | 5.1% | New |
| NVDA NVIDIA CORP | Technology | 39.7K | $6.9M | 5.0% | +20.7% |
| STAA STAAR SURGICAL CO | Healthcare | 268.1K | $5.0M | 3.6% | New |
| TER TERADYNE INC | Technology | 15.5K | $4.6M | 3.3% | New |
| RMBS RAMBUS INC | Technology | 49.6K | $4.3M | 3.1% | New |
| META META PLATFORMS INC-CLASS A | Technology | 4.0K | $2.3M | 1.7% | New |
| SNPS SYNOPSYS INC | Technology | 5.7K | $2.3M | 1.7% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 19 | $137.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 18 | $86.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 20 | $96.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 11 | $158.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 16 | $107.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 20 | $98.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 26 | $197.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 25 | $177.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 18 | $133.1M | canonical | SEC ↗ |