Value Aligned Research Advisors, LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| NVIDIA CORPORATION(NVDA)(Call) | 5,675,800 | 17,434,300 | +11,758,500 | 1,058,536,700 | 3,040,541,920 | — | +1,982,005,220 |
| ALPHABET INC(GOOG)(Call) | 1,634,600 | 8,005,500 | +6,370,900 | 511,629,800 | 2,302,061,580 | — | +1,790,431,780 |
| AMAZON COM INC(AMZN)(Call) | 2,043,300 | 9,905,900 | +7,862,600 | 471,634,506 | 2,063,101,793 | — | +1,591,467,287 |
| TAIWAN SEMICONDUCTOR MANUFAC(TSM)(Call) | 1,828,000 | 2,752,800 | +924,800 | 555,510,920 | 930,308,760 | — | +374,797,840 |
| WESTERN DIGITAL CORP(WDC) | 0 | 1,295,439 | +1,295,439 | 0 | 350,403,295 | 4.15% | +350,403,295 |
| NEBIUS GROUP N.V.(NBIS) | 3,305,776 | 5,813,450 | +2,507,674 | 276,709,980 | 603,203,572 | 7.14% | +326,493,592 |
| SEAGATE TECHNOLOGY HLDNGS PL ORD SHS | 126,282 | 914,657 | +788,375 | 34,776,800 | 358,326,026 | 4.24% | +323,549,226 |
| BLOOM ENERGY CORP | 3,476,548 | 4,584,731 | +1,108,183 | 302,077,256 | 621,185,203 | 7.36% | +319,107,947 |
| LUMENTUM HLDGS INC(LITE) | 1,172,201 | 1,057,260 | -114,941 | 432,061,567 | 743,000,038 | 8.80% | +310,938,471 |
| ASML HLDG NV(Call) N Y REGISTRY SHS | 0 | 208,700 | +208,700 | 0 | 275,657,221 | — | +275,657,221 |
| FTAI AVIATION LTD(FTAI) | 0 | 1,070,892 | +1,070,892 | 0 | 262,368,540 | 3.11% | +262,368,540 |
| FREEPORT MCMORAN INC(FCX) | 0 | 4,421,462 | +4,421,462 | 0 | 259,893,536 | 3.08% | +259,893,536 |
| TAIWAN SEMICONDUCTOR MANUFAC(TSM)(Put) | 1,297,300 | 1,881,300 | +584,000 | 394,236,497 | 635,785,335 | — | +241,548,838 |
| ORACLE CORP(ORCL)(Call) | 518,100 | 2,274,700 | +1,756,600 | 100,982,871 | 334,631,117 | — | +233,648,246 |
| COREWEAVE INC(CRWV) | 6,028,220 | 8,280,763 | +2,252,543 | 431,680,834 | 641,510,710 | 7.60% | +209,829,876 |
| COMFORT SYS USA INC(FIX) | 147,021 | 213,637 | +66,616 | 137,213,229 | 294,603,287 | 3.49% | +157,390,058 |
| INTEL CORP(INTC)(Call) | 11,019,800 | 12,653,400 | +1,633,600 | 406,630,620 | 558,394,542 | — | +151,763,922 |
| KLA CORP(KLAC) | 50,786 | 143,401 | +92,615 | 61,709,053 | 211,145,066 | 2.50% | +149,436,013 |
| VERTIV HOLDINGS CO(VRT) | 2,173,391 | 1,939,869 | -233,522 | 352,111,076 | 486,092,374 | 5.76% | +133,981,298 |
| NVIDIA CORPORATION(NVDA) | 97,259 | 853,696 | +756,437 | 18,138,804 | 148,884,582 | 1.76% | +130,745,778 |
| LAM RESEARCH CORP(LRCX) | 707,033 | 1,100,556 | +393,523 | 121,029,909 | 235,144,795 | 2.79% | +114,114,886 |
| TERAWULF INC(WULF) | 0 | 7,848,232 | +7,848,232 | 0 | 113,249,988 | 1.34% | +113,249,988 |
| APPLIED MATLS INC | 538,231 | 731,704 | +193,473 | 138,319,985 | 250,089,110 | 2.96% | +111,769,125 |
| EQT CORP(EQT) | 2,915,700 | 4,187,988 | +1,272,288 | 156,281,520 | 266,523,556 | 3.16% | +110,242,036 |
| APPLIED OPTOELECTRONICS INC(AAOI) | 0 | 1,267,938 | +1,267,938 | 0 | 107,254,875 | 1.27% | +107,254,875 |
| FREEPORT MCMORAN INC(FCX)(Call) | 0 | 1,742,300 | +1,742,300 | 0 | 102,412,394 | — | +102,412,394 |
| EMCOR GROUP INC(EME) | 111,108 | 223,521 | +112,413 | 67,974,763 | 165,027,790 | 1.95% | +97,053,027 |
| ASML HLDG NV N Y REGISTRY SHS | 203 | 70,548 | +70,345 | 217,182 | 93,181,915 | 1.10% | +92,964,733 |
| ZOOM COMMUNICATIONS INC(ZM)(Call) | 0 | 1,101,700 | +1,101,700 | 0 | 88,565,663 | — | +88,565,663 |
| COREWEAVE INC(CRWV)(Call) | 473,200 | 1,503,500 | +1,030,300 | 33,885,852 | 116,476,145 | — | +82,590,293 |
| CELESTICA INC(CLS) | 1,149,828 | 1,491,494 | +341,666 | 339,900,655 | 420,124,030 | 4.98% | +80,223,375 |
| EQT CORP(EQT)(Call) | 275,600 | 1,308,600 | +1,033,000 | 14,772,160 | 83,279,304 | — | +68,507,144 |
| SANDISK CORP(SNDK) | 0 | 105,199 | +105,199 | 0 | 66,837,133 | 0.79% | +66,837,133 |
| VERTIV HOLDINGS CO(VRT)(Call) | 364,600 | 496,700 | +132,100 | 59,068,846 | 124,463,086 | — | +65,394,240 |
| ADVANCED MICRO DEVICES INC(AMD)(Call) | 442,300 | 763,000 | +320,700 | 94,722,968 | 155,217,090 | — | +60,494,122 |
| COHERENT CORP(COHR) | 1,335,217 | 1,285,200 | -50,017 | 246,441,002 | 306,147,492 | 3.63% | +59,706,490 |
| TOWER SEMICONDUCTOR LTD(TSEM) | 0 | 270,441 | +270,441 | 0 | 47,456,987 | 0.56% | +47,456,987 |
| MICRON TECHNOLOGY INC(MU)(Call) | 718,600 | 718,600 | 0 | 205,095,626 | 242,771,824 | — | +37,676,198 |
| ACM RESH INC(ACMR) | 0 | 955,927 | +955,927 | 0 | 37,615,727 | 0.45% | +37,615,727 |
| STERLING INFRASTRUCTURE INC(STRL) | 0 | 89,472 | +89,472 | 0 | 36,439,261 | 0.43% | +36,439,261 |
| LIBERTY ENERGY INC(LBRT) | 0 | 1,264,006 | +1,264,006 | 0 | 36,403,373 | 0.43% | +36,403,373 |
| SANDISK CORP(SNDK)(Call) | 0 | 56,100 | +56,100 | 0 | 35,642,574 | — | +35,642,574 |
| TRANSALTA CORP(TAC) | 0 | 2,596,273 | +2,596,273 | 0 | 34,128,096 | 0.40% | +34,128,096 |
| CIPHER DIGITAL INC(CIFR) | 7,447,495 | 11,001,606 | +3,554,111 | 109,925,026 | 141,590,669 | 1.68% | +31,665,643 |
| IREN LIMITED ORDINARY SHARES | 3,515,247 | 4,767,607 | +1,252,360 | 132,770,879 | 163,433,568 | 1.94% | +30,662,689 |
| APPLIED MATLS INC(Call) | 92,600 | 151,500 | +58,900 | 23,797,274 | 51,781,185 | — | +27,983,911 |
| KLA CORP(KLAC)(Call) | 0 | 18,300 | +18,300 | 0 | 26,945,103 | — | +26,945,103 |
| NEBIUS GROUP N.V.(NBIS)(Call) | 228,800 | 428,000 | +199,200 | 19,151,705 | 44,409,280 | — | +25,257,575 |
| INTEL CORP(INTC) | 0 | 503,741 | +503,741 | 0 | 22,230,090 | 0.26% | +22,230,090 |
| IREN LIMITED(Call) ORDINARY SHARES | 0 | 622,300 | +622,300 | 0 | 21,332,444 | — | +21,332,444 |
| APPLIED DIGITAL CORP | 5,643,550 | 6,668,311 | +1,024,761 | 138,379,846 | 158,305,703 | 1.87% | +19,925,857 |
| LAM RESEARCH CORP(LRCX)(Call) | 147,400 | 206,600 | +59,200 | 25,231,932 | 44,142,156 | — | +18,910,224 |
| TERAWULF INC(WULF)(Call) | 0 | 1,227,000 | +1,227,000 | 0 | 17,705,610 | — | +17,705,610 |
| BITFARMS LTD COM | 0 | 7,815,121 | +7,815,121 | 0 | 15,239,486 | 0.18% | +15,239,486 |
| FTAI AVIATION LTD(FTAI)(Call) | 0 | 50,300 | +50,300 | 0 | 12,323,500 | — | +12,323,500 |
| MICRON TECHNOLOGY INC(MU) | 218,808 | 218,808 | 0 | 62,449,991 | 73,922,095 | 0.88% | +11,472,104 |
| HUT 8 CORP(HUT)(Call) | 0 | 229,100 | +229,100 | 0 | 10,747,081 | — | +10,747,081 |
| SNOWFLAKE INC(SNOW)(Call) | 49,400 | 132,800 | +83,400 | 10,836,384 | 20,028,896 | — | +9,192,512 |
| GE VERNOVA INC(GEV)(Call) | 35,600 | 35,600 | 0 | 23,267,092 | 31,075,240 | — | +7,808,148 |
| HUT 8 CORP(HUT) | 2,788,516 | 2,882,566 | +94,050 | 128,104,425 | 135,221,171 | 1.60% | +7,116,746 |
| TOWER SEMICONDUCTOR LTD(TSEM)(Call) | 0 | 39,200 | +39,200 | 0 | 6,878,816 | — | +6,878,816 |
| LEGENCE CORP(LGN) | 251,681 | 308,141 | +56,460 | 10,832,350 | 17,397,641 | 0.21% | +6,565,291 |
| APPLIED DIGITAL CORP(Call) | 0 | 264,200 | +264,200 | 0 | 6,272,108 | — | +6,272,108 |
| VISTRA CORP(VST)(Call) | 89,300 | 136,000 | +46,700 | 14,406,769 | 20,444,880 | — | +6,038,111 |
| SOLARIS ENERGY INFRAS INC(SEI) | 975,939 | 896,985 | -78,954 | 44,863,916 | 50,688,622 | 0.60% | +5,824,706 |
| CIPHER DIGITAL INC(CIFR)(Call) | 0 | 449,500 | +449,500 | 0 | 5,785,065 | — | +5,785,065 |
| CONSTELLATION ENERGY CORP(CEG)(Call) | 38,500 | 68,700 | +30,200 | 13,600,895 | 19,184,475 | — | +5,583,580 |
| SNOWFLAKE INC(SNOW) | 312,224 | 481,340 | +169,116 | 68,489,457 | 72,595,699 | 0.86% | +4,106,242 |
| BKV CORP(BKV) | 192,295 | 323,051 | +130,756 | 5,220,809 | 9,213,415 | 0.11% | +3,992,606 |
| VERTIV HOLDINGS CO(VRT)(Put) | 43,400 | 43,400 | 0 | 7,031,234 | 10,875,172 | — | +3,843,938 |
| TSS INC DEL | 460,510 | 460,510 | 0 | 3,255,806 | 5,991,235 | 0.07% | +2,735,429 |
| MICRON TECHNOLOGY INC(MU)(Put) | 45,400 | 45,400 | 0 | 12,957,614 | 15,337,936 | — | +2,380,322 |
| APPLIED OPTOELECTRONICS INC(AAOI)(Call) | 0 | 25,500 | +25,500 | 0 | 2,157,045 | — | +2,157,045 |
| BLOOM ENERGY CORP(Call) | 17,300 | 17,300 | 0 | 1,503,197 | 2,343,977 | — | +840,780 |
| COHERENT CORP(COHR)(Call) | 7,300 | 7,300 | 0 | 1,347,361 | 1,738,933 | — | +391,572 |
| BITFARMS LTD(Call) COM | 0 | 127,800 | +127,800 | 0 | 249,210 | — | +249,210 |
| LIBERTY ENERGY INC(LBRT)(Call) | 0 | 8,300 | +8,300 | 0 | 239,040 | — | +239,040 |
| SEAGATE TECHNOLOGY HLDNGS PL(Call) ORD SHS | 0 | 100 | +100 | 0 | 39,176 | — | +39,176 |
| TAIWAN SEMICONDUCTOR MANUFAC(TSM) | 680 | 680 | 0 | 206,645 | 229,806 | 0.00% | +23,161 |
| ACM RESH INC(ACMR)(Call) | 0 | 100 | +100 | 0 | 3,935 | — | +3,935 |
| BITDEER TECHNOLOGIES GROUP(BTDR)(Call) | 0 | 200 | +200 | 0 | 1,730 | — | +1,730 |
| NRG ENERGY INC(NRG)(Call) | 3,100 | 3,100 | 0 | 493,644 | 453,034 | — | -40,610 |
| MICROSOFT CORP(MSFT) | 374 | 374 | 0 | 180,874 | 138,444 | 0.00% | -42,430 |
| AMAZON COM INC(AMZN) | 4,922 | 4,922 | 0 | 1,136,096 | 1,025,105 | 0.01% | -110,991 |
| ALPHABET INC(GOOG) | 4,785 | 4,785 | 0 | 1,501,533 | 1,372,625 | 0.02% | -128,908 |
| CELESTICA INC(CLS)(Call) | 13,500 | 13,500 | 0 | 3,990,735 | 3,802,680 | — | -188,055 |
| ALPHABET INC(GOOG) | 11,502 | 11,502 | 0 | 3,600,126 | 3,307,515 | 0.04% | -292,611 |
| GITLAB INC(GTLB)(Call) | 7,800 | 0 | -7,800 | 292,734 | 0 | — | -292,734 |
| ISHARES INC(Put) MSCI TAIWAN ETF | 5,000 | 0 | -5,000 | 317,650 | 0 | — | -317,650 |
| HALLADOR ENERGY COMPANY | 320,759 | 320,759 | 0 | 6,107,251 | 5,221,957 | 0.06% | -885,294 |
| CONSTELLATION ENERGY CORP(CEG)(Put) | 13,200 | 13,200 | 0 | 4,663,164 | 3,686,100 | — | -977,064 |
| BITDEER TECHNOLOGIES GROUP(BTDR) | 3,267,614 | 4,046,213 | +778,599 | 36,629,953 | 34,999,742 | 0.41% | -1,630,211 |
| AMAZON COM INC(AMZN)(Put) | 74,500 | 74,500 | 0 | 17,196,090 | 15,516,115 | — | -1,679,975 |
| CORE SCIENTIFIC INC NEW(CORZ) | 8,089,697 | 7,718,962 | -370,735 | 117,785,988 | 115,475,672 | 1.37% | -2,310,316 |
| AAON INC | 41,956 | 0 | -41,956 | 3,199,145 | 0 | — | -3,199,145 |
| ORACLE CORP(ORCL)(Put) | 76,900 | 76,900 | 0 | 14,988,579 | 11,312,759 | — | -3,675,820 |
| VISTRA CORP(VST)(Put) | 51,900 | 23,500 | -28,400 | 8,373,027 | 3,532,755 | — | -4,840,272 |
| GE VERNOVA INC(GEV)(Put) | 14,200 | 0 | -14,200 | 9,280,694 | 0 | — | -9,280,694 |
| BROADCOM INC(AVGO)(Put) | 290,000 | 290,000 | 0 | 100,369,000 | 89,757,900 | — | -10,611,100 |
| ORACLE CORP(ORCL) | 141,409 | 115,078 | -26,331 | 27,562,028 | 16,929,125 | 0.20% | -10,632,903 |