Ariose Capital Management
CENTRAL, HONG KONG, K3files as Ariose Capital Management Ltd
$234m in 19 US stocks at the end of 30 June 2026. The top 10 are 83.2% of the money. It changed about 80.9% of the portfolio this quarter.
Value
$234m
Stocks
19
Top 10 share
83.2%
Turnover
80.9%
What changed this quarter
New
Bought for the first time this quarter.
- SandiskSNDK22.1% of the fund
- Advanced Micro DevicesAMD9.9% of the fund
- Marvell TechnologyMRVL9.5% of the fund
- Ishares TRSOXX7.1% of the fund
- BWX TechnologiesBWXT6.0% of the fund
- Applied MaterialsAMAT4.4% of the fund
- BaiduBIDU4.1% of the fund
- STMicroelectronicsSTM3.2% of the fund
- Veeco InstrumentsVECO3.1% of the fund
- Power IntegrationsPOWI2.4% of the fund
- Taiwan Semiconductor ManufacturingTSM2.3% of the fund
- Navitas SemiconductorNVTS2.1% of the fund
- Viavi SolutionsVIAV2.1% of the fund
- SemtechSMTC2.0% of the fund
- IntelINTC0.4% of the fund
Added
Bought more of a stock they already held.
- Daqo New EnergyDQ5.5% of the fund+109%
Cut
Sold some of their stake.
- Seagate Technology HoldingsSTX11.4% of the fund-71%
- JoyyJOYY0.6% of the fund-50%
Sold out
Sold their entire stake.
- AXTAXTI-100%
- CorningGLW-100%
- VicorVICR-100%
- Applied OptoelectronicsAAOI-100%
- NokiaNOK-100%
- CamecoCCJ-100%
- Global X FDSURA-100%
- Lumentum HoldingsLITE-100%
- Sprott FDS TRURNM-100%
- NvidiaNVDA-100%
- Yalla GroupYALA-100%
Holdings
- Ishares TRSOXX
- Share
- 7.1%
- Value
- $17m
- Shares
- 26,127
New
- Daqo New EnergyDQ
- Share
- 5.5%
- Value
- $13m
- Shares
- 953,974
+109%
- BaiduBIDU
- Share
- 4.1%
- Value
- $10m
- Shares
- 83,900
New
- Sigma LithiumSGML
- Share
- 1.7%
- Value
- $4m
- Shares
- 310,076
Held
- JoyyJOYY
- Share
- 0.6%
- Value
- $1m
- Shares
- 21,338
-50%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| SandiskSNDK | 22.1% | $52m | 22,800 | New |
| Seagate Technology HoldingsSTX | 11.4% | $27m | 27,616 | -71% |
| Advanced Micro DevicesAMD | 9.9% | $23m | 40,007 | New |
| Marvell TechnologyMRVL | 9.5% | $22m | 74,400 | New |
| Ishares TRSOXX | 7.1% | $17m | 26,127 | New |
| BWX TechnologiesBWXT | 6.0% | $14m | 71,580 | New |
| Daqo New EnergyDQ | 5.5% | $13m | 953,974 | +109% |
| Applied MaterialsAMAT | 4.4% | $10m | 14,200 | New |
| BaiduBIDU | 4.1% | $10m | 83,900 | New |
| STMicroelectronicsSTM | 3.2% | $8m | 100,835 | New |
| Veeco InstrumentsVECO | 3.1% | $7m | 95,647 | New |
| Power IntegrationsPOWI | 2.4% | $6m | 66,578 | New |
| Taiwan Semiconductor ManufacturingTSM | 2.3% | $5m | 11,400 | New |
| Navitas SemiconductorNVTS | 2.1% | $5m | 280,582 | New |
| Viavi SolutionsVIAV | 2.1% | $5m | 105,187 | New |
| SemtechSMTC | 2.0% | $5m | 28,991 | New |
| Sigma LithiumSGML | 1.7% | $4m | 310,076 | Held |
| JoyyJOYY | 0.6% | $1m | 21,338 | -50% |
| IntelINTC | 0.4% | $1m | 7,542 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 48.0% since 30 June 2025.
Where the money is
Technology72.0%
Industrials9.0%
Materials1.7%
Other17.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.