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AI-Squared Management Ltd 13F Holdings & Position Changes (Q2 2026)
AI-Squared Management LtdCIK: 0001933952
High-turnover traderSector-focusedContrarian
Total reported value
$187.5M
Reporting period: 2026-06-30 · Number of holdings: 19
AI-Squared Management Ltd disclosed 19 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $187.5M and a quarterly turnover rate of 117.4%.
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Personality snowflake
- Concentration
- 28.06
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 38
- Sizing Uniformity
- 94.07
AI-Squared Management Ltd's disclosed holdings carry a Herfindahl concentration index of 0.070 — mathematically equivalent to about 14 equally-sized positions, close to its 19 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.59), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out LITE
New buy PDD
New buy JD
Add BABA
+2219.9% $12.0M
Trim AMD
-86.4% -$7.0M
Trim MU
-85.8% -$6.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 13.33% | +13.33% | NEW | |
| 2 | BIDU | Baidu Inc - Spon Adr | Stock-Comm Services | 9.53% | +4.30% | +142.12% | |
| 3 | SNDK | Sandisk CORP | Stock-Tech | 8.97% | -0.80% | -65.00% | |
| 4 | STAA | Staar Surgical Co | Stock-Other | 8.30% | +4.65% | +102.33% | |
| 5 | JD | Jd.com Inc-adr | Stock-Consumer Disc | 6.93% | +6.93% | NEW | |
| 6 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 6.77% | +6.25% | +2219.93% | |
| 7 | QCOM | Qualcomm Inc | Stock-Tech | 5.72% | +5.72% | NEW | |
| 8 | ATAT | Atour Lifestyle Holdings-adr | Stock-Other | 5.12% | -2.80% | +2.13% | |
| 9 | NBIS | Nebius Group N.V. | Stock-Other | 4.91% | +4.91% | NEW | |
| 10 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 4.53% | +1.23% | +32.79% | |
| 11 | VNET | Vnet Group Inc-adr | Stock-Other | 4.40% | +0.65% | +67.07% | |
| 12 | CRWV | Coreweave Inc-cl A | Stock-Tech | 3.70% | +3.70% | NEW | |
| 13 | NVDA | Nvidia CORP | Stock-Tech | 3.65% | -1.39% | -13.91% | |
| 14 | MU | Micron Technology Inc | Stock-Tech | 3.26% | -5.93% | -85.82% | |
| 15 | ✓ | Stock-Other | 3.17% | +3.17% | NEW | ||
| 16 | NOK | Nokia Corp-spon Adr | Stock-Tech | 2.93% | +2.93% | NEW | |
| 17 | AMD | Advanced Micro Devices | Stock-Tech | 2.35% | -5.93% | -86.40% | |
| 18 | TCOM | Trip.com Group Ltd-adr | Stock-Consumer Disc | 2.16% | -1.27% | +7.40% | |
| 19 | CRCL | Circle Internet Group Inc | Stock-Financials | 0.25% | +0.25% | NEW |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-9%
Performance Last 4 Quarters
+57.5%
- Stdev
- +38.9%
- Beta
- +0.94
- Alpha
- +0.1%
- Max Drawdown
- -38.1%
- Annualized Perf
- +10.4%
- Batting Avg vs S&P
- +63.3%
- Sortino
- +0.68
- Stutzer
- +0.13
- Treynor
- +0.19
- Sterling
- +0.36
- Calmar
- +0.27
- Information Ratio
- -0.03
- Tracking Error
- +37.2%
- Stdev Down
- +25.7%
- Winning Months %
- +56.7%
- Losing Months %
- +43.3%
- Best 12 Months
- +116.2%
- Worst 12 Months
- -38.1%
- Efficiency Ratio
- +0.1
- Sharpe
- +0.45
- Stdev Sectors
- +19.1%
- Skewness
- -0.28
- Kurtosis
- +0.34
- Upside Potential
- +2.43
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
AI-Squared Management Ltd's most significant position changes for 2026-06-30: Sold out: Lumentum Holdings Inc (LITE); New buy: Pdd Holdings Inc (PDD); New buy: Jd.com Inc-adr (JD); New buy: Qualcomm Inc (QCOM); New buy: Nebius Group N.V. (NBIS).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PDD | Pdd Holdings Inc | +13.3% | NEW | New buy |
| 2 | JD | Jd.com Inc-adr | +6.9% | NEW | New buy |
| 3 | BABA | Alibaba Group Holding-sp Adr | +6.3% | +2219.93% | Add |
| 4 | QCOM | Qualcomm Inc | +5.7% | NEW | New buy |
| 5 | NBIS | Nebius Group N.V. | +4.9% | NEW | New buy |
| 6 | STAA | Staar Surgical Co | +4.7% | +102.33% | Add |
| 7 | BIDU | Baidu Inc - Spon Adr | +4.3% | +142.12% | Add |
| 8 | CRWV | Coreweave Inc-cl A | +3.7% | NEW | New buy |
| 9 | ✓ | +3.2% | NEW | New buy | |
| 10 | NOK | Nokia Corp-spon Adr | +2.9% | NEW | New buy |
| 11 | TSM | Taiwan Semiconductor-sp Adr | +1.2% | +32.79% | Add |
| 12 | VNET | Vnet Group Inc-adr | +0.7% | +67.07% | Add |
| 13 | CRCL | Circle Internet Group Inc | +0.3% | NEW | New buy |
| 14 | SNDK | Sandisk CORP | -0.8% | -65.00% | Trim |
| 15 | TCOM | Trip.com Group Ltd-adr | -1.3% | +7.40% | Add |
| 16 | NVDA | Nvidia CORP | -1.4% | -13.91% | Trim |
| 17 | SNPS | Synopsys Inc | -1.7% | EXIT | Sold out |
| 18 | META | Meta Platforms Inc-class A | -1.7% | EXIT | Sold out |
| 19 | ATAT | Atour Lifestyle Holdings-adr | -2.8% | +2.13% | Add |
| 20 | RMBS | Rambus Inc | -3.1% | EXIT | Sold out |
| 21 | GDS | Gds Holdings LTD - Adr | -3.1% | EXIT | Sold out |
| 22 | TER | Teradyne Inc | -3.3% | EXIT | Sold out |
| 23 | FUTU | Futu Holdings Ltd-adr | -3.4% | EXIT | Sold out |
| 24 | DOCN | Digitalocean Holdings Inc | -5.1% | EXIT | Sold out |
| 25 | AMD | Advanced Micro Devices | -5.9% | -86.40% | Trim |
| 26 | MU | Micron Technology Inc | -5.9% | -85.82% | Trim |
| 27 | LITE | Lumentum Holdings Inc | -18.6% | EXIT | Sold out |
Filing History
FAQ
What is AI-Squared Management Ltd and what type of investor is it?
AI-Squared Management Ltd is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $187.5M, spread across 19 disclosed positions.
What are AI-Squared Management Ltd's largest equity positions?
Based on the latest 13F filing, AI-Squared Management Ltd's top holdings by market value are:
1. Pdd Holdings Inc (PDD) — $25.0M (13.3%)
2. Baidu Inc - Spon Adr (BIDU) — $17.9M (9.5%)
3. Sandisk CORP (SNDK) — $16.8M (9.0%)
4. Staar Surgical Co (STAA) — $15.6M (8.3%)
5. Jd.com Inc-adr (JD) — $13.0M (6.9%)
What changes did AI-Squared Management Ltd make in its most recent portfolio filing?
In the latest reported quarter, AI-Squared Management Ltd made 27 notable position adjustments: 8 new positions were initiated, 7 existing holdings were added to, 4 positions were partially reduced, and 8 were completely exited. The largest of these moves: Sold out: Lumentum Holdings Inc (LITE); New buy: Pdd Holdings Inc (PDD); New buy: Jd.com Inc-adr (JD); New buy: Qualcomm Inc (QCOM); New buy: Nebius Group N.V. (NBIS)
What sectors does AI-Squared Management Ltd focus on?
AI-Squared Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 47.4%
• Consumer Discretionary: 39.4%
• Communication Services: 12.9%
• Financials: 0.3%
Investment Profile
AI-Squared Management Ltd returned an annualized 10.4% over the trailing 30 months — outperforming the S&P 500 by 0.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.94 (roughly in line with the market) and a 63% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 47.4% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has added to its VNET position for two straight quarters, increasing it by $4.5M to reach $8.3M.
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