Anatole Investment Management Ltd
Long book
$716.3M
Q1 2026
Positions
15
Top-10 weight
99%
concentration
Last quarter
+26.1%
SPY +14.8%
Turnover
70%
of book per quarter
Strategy in plain words
auto-generated from filingsAnatole Investment Management Ltd is a concentrated fundamental stock-picker, specialised in technology (64% of the long book), running a $716.3M US long book across 15 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, CIENA CORP, CIRCLE INTERNET GROUP INC, PDD HOLDINGS INC.
Over the last 9 quarters its long book ran on average 8pp per quarter ahead of the S&P 500, beating the index in 7 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
+12.1%
Q2 2024
+3.2%
Q3 2024
+14.2%
Q4 2024
-11.0%
Q1 2025
+18.8%
Q2 2025
+14.2%
Q3 2025
+18.1%
Q4 2025
+16.8%
Q1 2026
+26.1%
Sector allocation
Technology 69%
Financials 17%
Utilities 6%
Healthcare 5%
Services media 3%
Long book by quarter
What does Anatole Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LITE LUMENTUM HOLDINGS INC | Technology | 195.7K | $137.5M | 19.2% | New |
| SNDK SANDISK CORP | Technology | 192.8K | $122.5M | 17.1% | -28.2% |
| CIEN CIENA CORP | Technology | 313.4K | $121.7M | 17.0% | -37.5% |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 1.2M | $115.7M | 16.1% | New |
| SEDG SOLAREDGE TECHNOLOGIES INC | Technology | 936.2K | $47.8M | 6.7% | New |
| VG VENTURE GLOBAL INC-CL A | Utilities | 2.6M | $41.5M | 5.8% | New |
| STAA STAAR SURGICAL CO | Healthcare | 1.6M | $30.0M | 4.2% | New |
| AXTI AXT INC | Technology | 463.2K | $26.4M | 3.7% | New |
| SUPX SUPERX AI TECHNOLOGY LTD | Services media | 1.8M | $14.4M | 2.0% | Held |
| SLMT BRERA HOLDINGS PLC-CL B | Services media | 4.9M | $3.9M | 0.5% | -11.4% |
| MU MICRON TECHNOLOGY INC | Technology | 3.6K | $1.2M | 0.2% | Held |
| INTC INTEL CORP | Technology | 6.3K | $279K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 15 | $716.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 15 | $599.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 13 | $955.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 15, 2025 | 14 | $581.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 16 | $363.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 11 | $217.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 13 | $352.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 7 | $261.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 8 | $323.7M | canonical | SEC ↗ |