Andar Capital Management HK Ltd
Long book
$116.9M
Q1 2026
Positions
13
Top-10 weight
94%
concentration
Last quarter
+49.3%
SPY +14.8%
Turnover
60%
of book per quarter
Strategy in plain words
auto-generated from filingsAndar Capital Management HK Ltd is a concentrated fundamental stock-picker, specialised in technology (86% of the long book), running a $116.9M US long book across 13 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: TOWER SEMICONDUCTOR LTD, ONTO INNOVATION INC, SEMTECH CORP, APPLIED OPTOELECTRONICS INC, TERADYNE INC.
Over the last 9 quarters its long book ran on average 12.6pp per quarter ahead of the S&P 500, beating the index in 6 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
-4.0%
Q2 2024
+2.6%
Q3 2024
+18.1%
Q4 2024
-17.6%
Q1 2025
+47.3%
Q2 2025
+28.9%
Q3 2025
+12.6%
Q4 2025
+17.0%
Q1 2026
+49.3%
Sector allocation
Technology 86%
Other 14%
Long book by quarter
What does Andar Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 130.0K | $22.8M | 19.5% | +44.0% |
| ONTO ONTO INNOVATION INC | Other | 78.0K | $16.0M | 13.7% | -10.0% |
| SMTC SEMTECH CORP | Technology | 196.0K | $15.1M | 12.9% | +3.4% |
| AAOI APPLIED OPTOELECTRONICS INC | Technology | 134.0K | $11.3M | 9.7% | New |
| TER TERADYNE INC | Technology | 37.0K | $11.0M | 9.4% | +2.5% |
| VICR VICOR CORP | Technology | 55.0K | $8.9M | 7.6% | +71.9% |
| FN FABRINET | Technology | 15.0K | $7.8M | 6.7% | +137.4% |
| LITE LUMENTUM HOLDINGS INC | Technology | 11.0K | $7.7M | 6.6% | -6.2% |
| LASR NLIGHT INC | Technology | 90.0K | $5.1M | 4.4% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 22.0K | $4.5M | 3.8% | -55.7% |
| SNDK SANDISK CORP | Technology | 6.8K | $4.3M | 3.7% | New |
| MU MICRON TECHNOLOGY INC | Technology | 4.0K | $1.4M | 1.2% | New |
| SITM SITIME CORP | Technology | 3.1K | $1.1M | 0.9% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 13 | $116.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 15 | $92.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 20 | $98.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 19 | $85.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 15 | $51.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 16 | $77.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 17 | $75.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 20 | $72.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 13 | $69.3M | canonical | SEC ↗ |