E20 Capital Ltd
Long book
$1.07B
Q1 2026
Positions
22
Top-10 weight
75%
concentration
Last quarter
+61.2%
SPY +14.8%
Turnover
69%
of book per quarter
Strategy in plain words
auto-generated from filingsE20 Capital Ltd is a concentrated fundamental stock-picker, specialised in technology (85% of the long book), running a $1.07B US long book across 22 positions.
The portfolio is concentrated: the top 10 names carry 75% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: LUMENTUM HOLDINGS INC, AXT INC, TOWER SEMICONDUCTOR LTD, INTEL CORP, SANDISK CORP.
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
Q4 2025
+77.7%
Q1 2026
+61.2%
Sector allocation
Technology 84%
Industrials 10%
Other 3%
Consumer discretionary 2%
Long book by quarter
What does E20 Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LITE LUMENTUM HOLDINGS INC | Technology | 186.7K | $131.2M | 12.3% | +606.9% |
| AXTI AXT INC | Technology | 2.1M | $117.9M | 11.1% | -32.0% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 613.8K | $107.7M | 10.1% | New |
| INTC INTEL CORP | Technology | 2.3M | $99.4M | 9.3% | +144.9% |
| SNDK SANDISK CORP | Technology | 127.6K | $81.1M | 7.6% | -28.5% |
| GLW CORNING INC | Industrials | 535.8K | $72.8M | 6.8% | +926.6% |
| NVDA NVIDIA CORP | Technology | 355.3K | $62.0M | 5.8% | +120.0% |
| MU MICRON TECHNOLOGY INC | Technology | 132.1K | $44.6M | 4.2% | +141.5% |
| CIEN CIENA CORP | Technology | 107.3K | $41.7M | 3.9% | New |
| ALAB ASTERA LABS INC | Technology | 303.9K | $33.3M | 3.1% | New |
| MTSI MACOM TECHNOLOGY SOLUTIONS H | Technology | 136.8K | $30.4M | 2.9% | New |
| TER TERADYNE INC | Technology | 101.1K | $30.0M | 2.8% | New |
| COHR COHERENT CORP | Other | 120.9K | $28.8M | 2.7% | New |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 122.7K | $25.6M | 2.4% | New |
| GOOG ALPHABET INC-CL C | Technology | 87.8K | $25.2M | 2.4% | +9.9% |
| MOD MODINE MANUFACTURING CO | Industrials | 115.0K | $24.9M | 2.3% | +212.6% |
| SMTC SEMTECH CORP | Technology | 283.6K | $21.8M | 2.0% | New |
| QRVO QORVO INC | Technology | 273.0K | $21.1M | 2.0% | New |
| MRVL MARVELL TECHNOLOGY INC | Technology | 133.2K | $13.2M | 1.2% | New |
| TSLA TESLA INC | Industrials | 26.2K | $9.8M | 0.9% | New |
| Q QNITY ELECTRONICS INC | Technology | 46.3K | $5.3M | 0.5% | New |