WT Asset Management Ltd
Long book
$4.76B
Q1 2026
Positions
27
Top-10 weight
79%
concentration
Last quarter
+51.5%
SPY +14.8%
Turnover
59%
of book per quarter
Strategy in plain words
auto-generated from filingsWT Asset Management Ltd is a concentrated fundamental stock-picker, specialised in technology (65% of the long book), running a $4.76B US long book across 27 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, COHERENT CORP, SANDISK CORP, CORNING INC, MICRON TECHNOLOGY INC.
Over the last 9 quarters its long book ran on average 9pp per quarter ahead of the S&P 500, beating the index in 7 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
+8.2%
Q2 2024
+1.5%
Q3 2024
+7.5%
Q4 2024
-5.5%
Q1 2025
+18.2%
Q2 2025
+18.6%
Q3 2025
+4.9%
Q4 2025
+16.5%
Q1 2026
+51.5%
Sector allocation
Technology 62%
Other 19%
Industrials 15%
Consumer discretionary 4%
Financials 0%
Long book by quarter
What does WT Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LITE LUMENTUM HOLDINGS INC | Technology | 1.4M | $969.9M | 20.4% | +176.9% |
| COHR COHERENT CORP | Other | 2.7M | $637.5M | 13.4% | +443.5% |
| SNDK SANDISK CORP | Technology | 828.8K | $526.6M | 11.1% | +293.3% |
| GLW CORNING INC | Industrials | 2.0M | $269.0M | 5.6% | +101.4% |
| MU MICRON TECHNOLOGY INC | Technology | 783.7K | $264.8M | 5.6% | -13.1% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 1.5M | $257.5M | 5.4% | +118.2% |
| MOD MODINE MANUFACTURING CO | Industrials | 1.2M | $252.0M | 5.3% | +124.2% |
| WDC WESTERN DIGITAL CORP | Technology | 816.7K | $220.9M | 4.6% | +98.5% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 489.8K | $191.9M | 4.0% | +131.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 805.9K | $167.8M | 3.5% | New |
| TER TERADYNE INC | Technology | 553.2K | $164.0M | 3.4% | +111.2% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 577.2K | $163.0M | 3.4% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 122.3K | $161.5M | 3.4% | +76.0% |
| NVDA NVIDIA CORP | Technology | 693.8K | $121.0M | 2.5% | -62.3% |
| AXTI AXT INC | Technology | 1.3M | $76.8M | 1.6% | New |
| AS AMER SPORTS INC | Other | 1.9M | $63.5M | 1.3% | -18.6% |
| U UNITY SOFTWARE INC | Technology | 2.2M | $47.2M | 1.0% | +64.9% |
| APP APPLOVIN CORP-CLASS A | Technology | 81.2K | $32.3M | 0.7% | +7.7% |
| RDDT REDDIT INC-CL A | Technology | 213.3K | $28.7M | 0.6% | -70.2% |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 80.0K | $5.5M | 0.1% | -81.3% |
| VRT VERTIV HOLDINGS CO-A | Technology | 5.0K | $1.3M | 0.0% | -98.6% |
| ORCL ORACLE CORP | Technology | 10.0K | $450K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 32 | $4.77B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 42 | $2.52B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 43 | $2.17B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 35 | $1.43B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 28 | $855.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 40 | $907.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 31 | $508.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 26 | $1.03B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 30 | $993.0M | canonical | SEC ↗ |