BRIGHT VALLEY CAPITAL Ltd

Fundamental concentrated ★Signal CIK 1965546
League rank
#508
in Fundamental concentrated · #5948 overall
Long book
$96.7M
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
+33.9%
SPY +14.8%
Turnover
59%
of book per quarter

Strategy in plain words

auto-generated from filings

BRIGHT VALLEY CAPITAL Ltd is a concentrated fundamental stock-picker, running a $96.7M US long book across 11 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: VIPSHOP HOLDINGS LTD - ADR, INTEL CORP, JOYY INC-ADR, NEW ORIENTAL EDUCATIO-SP ADR, SPDR GOLD SHARES.

Over the last 9 quarters its long book ran on average 4.9pp 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
+12.0%
Q2 2024
+25.1%
Q3 2024
-2.4%
Q4 2024
+13.3%
Q1 2025
+5.3%
Q2 2025
+5.8%
Q3 2025
-4.7%
Q4 2025
-4.2%
Q1 2026
+33.9%

Sector allocation

Technology
80%
Healthcare
20%

Long book by quarter

$67.5M
Q1 2024
$88.7M
Q2 2024
$127.8M
Q3 2024
$150.2M
Q4 2024
$297.3M
Q1 2025
$112.0M
Q2 2025
$126.5M
Q3 2025
$147.5M
Q4 2025
$96.7M
Q1 2026

What does BRIGHT VALLEY own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
INTC INTEL CORPTechnology431.0K$19.0M19.7%+48.1%
STAA STAAR SURGICAL COHealthcare272.0K$5.1M5.3%New
LITE LUMENTUM HOLDINGS INCTechnology2.3K$1.6M1.7%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 202613$153.4M canonicalSEC ↗
Q4 202513F-HRFeb 12, 202615$269.2M canonicalSEC ↗
Q3 202513F-HRNov 13, 202513$168.9M canonicalSEC ↗
Q2 202513F-HRAug 13, 202511$141.5M canonicalSEC ↗
Q1 202513F-HRMay 13, 202518$297.3M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202510$234.4M canonicalSEC ↗
Q3 202413F-HRNov 13, 20249$127.8M canonicalSEC ↗
Q2 202413F-HRAug 26, 202412$88.7M canonicalSEC ↗
Q1 202413F-HRMay 16, 202410$67.5M canonicalSEC ↗