Valliance Asset Management Ltd
Long book
$121.9M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+71.1%
SPY +14.8%
Turnover
75%
of book per quarter
Strategy in plain words
auto-generated from filingsValliance Asset Management Ltd is a concentrated fundamental stock-picker, specialised in technology (94% of the long book), running a $121.9M US long book across 8 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: LUMENTUM HOLDINGS INC, SANDISK CORP, TOWER SEMICONDUCTOR LTD, NEBIUS GROUP NV, AXT INC.
Over the last 8 quarters its long book ran on average 18pp per quarter ahead of the S&P 500, beating the index in 5 of 8 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
+1.6%
Q2 2024
-0.2%
Q3 2024
+12.7%
Q4 2024
-23.4%
Q1 2025
+42.4%
Q2 2025
+22.8%
Q4 2025
+54.4%
Q1 2026
+71.1%
Sector allocation
Technology 97%
Industrials 3%
Long book by quarter
What does Valliance Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LITE LUMENTUM HOLDINGS INC | Technology | 47.6K | $33.5M | 27.5% | +138.2% |
| SNDK SANDISK CORP | Technology | 46.3K | $29.4M | 24.1% | -7.3% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 130.2K | $22.8M | 18.7% | New |
| NBIS NEBIUS GROUP NV | Technology | 171.1K | $17.8M | 14.6% | New |
| AXTI AXT INC | Technology | 112.6K | $6.4M | 5.3% | New |
| MU MICRON TECHNOLOGY INC | Technology | 12.7K | $4.3M | 3.5% | -74.6% |
| GLW CORNING INC | Industrials | 29.9K | $4.1M | 3.3% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 8 | $121.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 11 | $240.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 1 | $13.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 5 | $12.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 25 | $44.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 18 | $55.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 7 | $82.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 15 | $65.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 8 | $41.0M | canonical | SEC ↗ |