CloudAlpha Capital Management Limited/Hong Kong
Long book
$909.5M
Q1 2026
Positions
37
Top-10 weight
74%
concentration
Last quarter
+18.9%
SPY +14.8%
Turnover
69%
of book per quarter
Strategy in plain words
auto-generated from filingsCloudAlpha Capital Management Limited/Hong Kong is a concentrated fundamental stock-picker, running a $909.5M US long book across 37 positions.
The portfolio is concentrated: the top 10 names carry 74% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: LUMENTUM HOLDINGS INC, CIRCLE INTERNET GROUP INC, MODINE MANUFACTURING CO, COHERENT CORP, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 11.3pp per quarter ahead of the S&P 500, beating the index in 8 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
+11.1%
Q2 2024
+5.8%
Q3 2024
+17.6%
Q4 2024
-20.3%
Q1 2025
+48.4%
Q2 2025
+30.1%
Q3 2025
+6.0%
Q4 2025
+24.4%
Q1 2026
+18.9%
Sector allocation
Technology 55%
Industrials 23%
Financials 13%
Other 8%
Materials 1%
Healthcare 0%
Services media 0%
Utilities 0%
Long book by quarter
What does CloudAlpha Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LITE LUMENTUM HOLDINGS INC | Technology | 198.4K | $139.4M | 15.3% | +0.3% |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 1.2M | $115.0M | 12.6% | +74.8% |
| MOD MODINE MANUFACTURING CO | Industrials | 427.3K | $92.6M | 10.2% | New |
| COHR COHERENT CORP | Other | 281.9K | $67.2M | 7.4% | New |
| MSFT MICROSOFT CORP | Technology | 176.9K | $65.5M | 7.2% | New |
| GOOGL ALPHABET INC-CL A | Technology | 174.7K | $50.2M | 5.5% | -40.7% |
| SNDK SANDISK CORP | Technology | 70.6K | $44.8M | 4.9% | -75.3% |
| CIEN CIENA CORP | Technology | 88.1K | $34.2M | 3.8% | -29.4% |
| TSLA TESLA INC | Industrials | 81.1K | $30.2M | 3.3% | -77.1% |
| META META PLATFORMS INC-CLASS A | Technology | 52.6K | $30.1M | 3.3% | +76.5% |
| PWR QUANTA SERVICES INC | Industrials | 47.6K | $26.1M | 2.9% | New |
| RKLB ROCKET LAB CORP | Industrials | 371.4K | $23.9M | 2.6% | +53.9% |
| TER TERADYNE INC | Technology | 66.7K | $19.8M | 2.2% | New |
| AXTI AXT INC | Technology | 334.4K | $19.1M | 2.1% | -76.0% |
| MTZ MASTEC INC | Industrials | 57.4K | $18.5M | 2.0% | New |
| MTSI MACOM TECHNOLOGY SOLUTIONS H | Technology | 77.2K | $17.1M | 1.9% | New |
| AAOI APPLIED OPTOELECTRONICS INC | Technology | 177.4K | $15.0M | 1.7% | New |
| MRVL MARVELL TECHNOLOGY INC | Technology | 139.3K | $13.8M | 1.5% | New |
| OKTA OKTA INC | Technology | 133.0K | $10.5M | 1.2% | New |
| TTMI TTM TECHNOLOGIES | Technology | 92.5K | $9.0M | 1.0% | -49.9% |
| GLW CORNING INC | Industrials | 46.5K | $6.3M | 0.7% | New |
| SATL SATELLOGIC INC-A | Technology | 920.0K | $5.0M | 0.6% | New |
| LEU CENTRUS ENERGY CORP-CLASS A | Materials | 27.1K | $4.7M | 0.5% | -84.3% |
| IONQ IONQ INC | Technology | 54.1K | $1.6M | 0.2% | Held |
| AEIS ADVANCED ENERGY INDUSTRIES | Technology | 4.8K | $1.5M | 0.2% | New |
| CIFR CIPHER DIGITAL INC | Financials | 107.0K | $1.4M | 0.2% | Held |
| RGTI RIGETTI COMPUTING INC | Technology | 81.0K | $1.1M | 0.1% | Held |
| QBTS D-WAVE QUANTUM INC | Technology | 67.3K | $971K | 0.1% | Held |
| SMR NUSCALE POWER CORP | Industrials | 84.0K | $911K | 0.1% | +97.2% |
| BFLY BUTTERFLY NETWORK INC | Healthcare | 218.0K | $881K | 0.1% | New |
| DASH DOORDASH INC - A | Services media | 4.7K | $706K | 0.1% | New |
| NRG NRG ENERGY INC | Utilities | 4.0K | $585K | 0.1% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 10 | $3K | 0.0% | -99.9% |
| ALAB ASTERA LABS INC | Technology | 10 | $1K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 56 | $2.93B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 58 | $2.12B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 55 | $2.78B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 58 | $1.93B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 45 | $1.26B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 39 | $1.39B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 42 | $1.70B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 29 | $1.17B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | Jul 22, 2024 | 36 | $838.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 36 | $839K | SEC ↗ |
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