Hel Ved Capital Management Ltd

Other Low signal technology specialist (62%) CIK 1840129
League rank
#1
in Other · #32 overall
Long book
$578.1M
Q1 2026
Positions
52
Top-10 weight
73%
concentration
Last quarter
+53.2%
SPY +14.8%
Turnover
65%
of book per quarter

Strategy in plain words

auto-generated from filings

Hel Ved Capital Management Ltd is an institutional manager, specialised in technology (62% of the long book), running a $578.1M US long book across 52 positions.

The portfolio is concentrated: the top 10 names carry 73% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VANECK SEMICONDUCTOR ETF, QNITY ELECTRONICS INC, SANDISK CORP, INTEL CORP, CIENA CORP.

Over the last 9 quarters its long book ran on average 9.4pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+5.8%
Q2 2024
+5.5%
Q3 2024
+14.3%
Q4 2024
-15.3%
Q1 2025
+22.1%
Q2 2025
+17.3%
Q3 2025
-6.5%
Q4 2025
+28.4%
Q1 2026
+53.2%

Sector allocation

Technology
62%
Industrials
23%
Materials
5%
Other
5%
Financials
3%
Services media
1%
Utilities
0%

Long book by quarter

$403.1M
Q1 2024
$288.2M
Q2 2024
$212.3M
Q3 2024
$326.3M
Q4 2024
$198.3M
Q1 2025
$222.3M
Q2 2025
$184.3M
Q3 2025
$289.3M
Q4 2025
$578.1M
Q1 2026

What does Hel Ved own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
Q QNITY ELECTRONICS INCTechnology400.7K$46.2M8.0%New
SNDK SANDISK CORPTechnology68.7K$43.7M7.6%+72.4%
INTC INTEL CORPTechnology699.8K$30.9M5.3%New
CIEN CIENA CORPTechnology63.6K$24.7M4.3%-9.2%
SOLS SOLSTICE ADV MATERIALS INCMaterials218.1K$16.6M2.9%-10.7%
CRWV COREWEAVE INC-CL ATechnology208.3K$16.1M2.8%New
LITE LUMENTUM HOLDINGS INCTechnology22.1K$15.5M2.7%-75.8%
MKSI MKS INCTechnology52.8K$12.1M2.1%New
MTSI MACOM TECHNOLOGY SOLUTIONS HTechnology52.4K$11.6M2.0%New
GLW CORNING INCIndustrials84.2K$11.5M2.0%New
COHR COHERENT CORPOther47.6K$11.3M2.0%-52.5%
MTZ MASTEC INCIndustrials31.1K$10.0M1.7%+28.5%
AGX ARGAN INCIndustrials18.2K$9.9M1.7%-34.0%
FIX COMFORT SYSTEMS USA INCIndustrials5.6K$7.7M1.3%New
FN FABRINETTechnology14.3K$7.4M1.3%New
PRIM PRIMORIS SERVICES CORPIndustrials45.3K$6.5M1.1%-52.7%
TSLA TESLA INCIndustrials16.6K$6.2M1.1%-47.2%
PSIX POWER SOLUTIONS INTERNATIONAIndustrials100.9K$6.1M1.1%-6.7%
LRCX LAM RESEARCH CORPIndustrials24.8K$5.3M0.9%-8.9%
WULF TERAWULF INCFinancials341.0K$4.9M0.9%New
SEI SOLARIS ENERGY INFRASTRUCTURIndustrials86.0K$4.9M0.8%New
AMTM AMENTUM HOLDINGS INCServices media178.5K$4.7M0.8%New
NVMI NOVA LTDOther9.2K$4.0M0.7%New
HUT HUT 8 CORPFinancials83.7K$3.9M0.7%New
STRL STERLING INFRASTRUCTURE INCIndustrials8.3K$3.4M0.6%New
NET CLOUDFLARE INC - CLASS ATechnology16.1K$3.3M0.6%New
TTMI TTM TECHNOLOGIESTechnology31.5K$3.1M0.5%-8.7%
RIOT RIOT PLATFORMS INCFinancials214.0K$2.6M0.5%Held
GTX GARRETT MOTION INCIndustrials133.0K$2.4M0.4%New
ENTG ENTEGRIS INCOther20.1K$2.4M0.4%-77.6%
DY DYCOM INDUSTRIES INCIndustrials6.7K$2.3M0.4%New
ECG EVERUS CONSTRUCTION GROUPIndustrials18.2K$2.1M0.4%-31.0%
MYRG MYR GROUP INC/DELAWAREIndustrials7.3K$2.1M0.4%-54.5%
EME EMCOR GROUP INCIndustrials2.8K$2.0M0.4%-42.5%
KEYS KEYSIGHT TECHNOLOGIES INTechnology6.8K$1.9M0.3%+7.6%
BKR BAKER HUGHES COIndustrials28.8K$1.8M0.3%New
LGN LEGENCE CORP-CL AIndustrials29.7K$1.7M0.3%-88.4%
DDOG DATADOG INC - CLASS ATechnology13.5K$1.6M0.3%+52.1%
CTRI CENTURI HOLDINGS INCUtilities54.0K$1.6M0.3%New
FFIV F5 INCTechnology5.1K$1.5M0.3%New
ALM ALMONTY INDUSTRIES INCMaterials100.8K$1.5M0.3%New
U UNITY SOFTWARE INCTechnology62.4K$1.4M0.2%-43.0%
AMPX AMPRIUS TECHNOLOGIES INCTechnology71.8K$1.2M0.2%New
ESTC ELASTIC NVTechnology23.6K$1.2M0.2%Held
SNPS SYNOPSYS INCTechnology2.8K$1.1M0.2%-57.2%
SNOW SNOWFLAKE INCTechnology5.4K$818K0.1%-57.7%
HSDT SOLANA COFinancials436.0K$754K0.1%Held
ENPH ENPHASE ENERGY INCTechnology17.5K$662K0.1%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202656$843.8M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202652$372.1M canonicalSEC ↗
Q3 202513F-HRNov 13, 202576$475.1M canonicalSEC ↗
Q2 202513F-HRAug 13, 202570$378.3M canonicalSEC ↗
Q1 202513F-HRMay 14, 202564$276.8M canonicalSEC ↗
Q4 202413F-HRFeb 13, 202580$341.5M canonicalSEC ↗
Q3 202413F-HRNov 13, 202452$228.2M canonicalSEC ↗
Q2 202413F-HRAug 14, 202450$366.6M canonicalSEC ↗
Q1 202413F-HRMay 14, 202451$403.9M canonicalSEC ↗