CloudAlpha Capital Management Limited/Hong Kong
HONG KONG, K3
$1.0bn in 24 US stocks at the end of 30 June 2026. The top 10 are 77.7% of the money. It changed about 88.5% of the portfolio this quarter.
Value
$1.0bn
Stocks
24
Top 10 share
77.7%
Turnover
88.5%
What changed this quarter
New
Bought for the first time this quarter.
- Advanced Micro DevicesAMD12.9% of the fund
- Lam ResearchLRCX11.6% of the fund
- Vishay IntertechnologyVSH8.2% of the fund
- Applied MaterialsAMAT6.6% of the fund
- QualcommQCOM5.1% of the fund
- Forgent Power SolutionsFPS3.9% of the fund
- Poet TechnologiesPOET3.9% of the fund
- WolfspeedWOLF3.4% of the fund
- Bloom EnergyBE3.3% of the fund
- IntelINTC3.2% of the fund
- Robinhood MarketsHOOD2.3% of the fund
- MKSMKSI1.8% of the fund
- SnowflakeSNOW1.4% of the fund
- Ultra Clean HoldingsUCTT1.3% of the fund
- EntegrisENTG1.3% of the fund
- Ichor HoldingsICHR1.3% of the fund
- Pony AIPONY0.2% of the fund
Added
Bought more of a stock they already held.
- TeslaTSLA10.1% of the fund+200%
- Marvell TechnologyMRVL9.3% of the fund+126%
- Astera LabsALAB1.0% of the fund+201900%
Cut
Sold some of their stake.
- SandiskSNDK6.0% of the fund-62%
- Fundrise Innovation FundVCX1.5% of the fund-15%
- AlphabetGOOGL0.3% of the fund-96%
Sold out
Sold their entire stake.
- Lumentum HoldingsLITE-100%
- Circle Internet GroupCRCL-100%
- Modine ManufacturingMOD-100%
- CoherentCOHR-100%
- MicrosoftMSFT-100%
- CienaCIEN-100%
- Meta PlatformsMETA-100%
- Quanta ServicesPWR-100%
- Rocket LabRKLB-100%
- TeradyneTER-100%
- AXTAXTI-100%
- MastecMTZ-100%
- MACOM Technology Solutions HoldingsMTSI-100%
- Applied OptoelectronicsAAOI-100%
- EquinixEQIX-100%
- OktaOKTA-100%
- TTM TechnologiesTTMI-100%
- CorningGLW-100%
- SatellogicSATL-100%
- Centrus EnergyLEU-100%
- AgoraAPI-100%
- IonQIONQ-100%
- Advanced Energy IndustriesAEIS-100%
- Cipher DigitalCIFR-100%
- Rigetti ComputingRGTI-100%
Holdings
- Fundrise Innovation FundVCX
- Share
- 1.5%
- Value
- $15m
- Shares
- 172,355
-15%
- Pony AIPONY
- Share
- 0.2%
- Value
- $2m
- Shares
- 334,352
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Advanced Micro DevicesAMD | 12.9% | $131m | 225,653 | New |
| Lam ResearchLRCX | 11.6% | $117m | 271,100 | New |
| TeslaTSLA | 10.1% | $102m | 243,300 | +200% |
| Marvell TechnologyMRVL | 9.3% | $94m | 315,200 | +126% |
| Vishay IntertechnologyVSH | 8.2% | $83m | 1,544,690 | New |
| Applied MaterialsAMAT | 6.6% | $67m | 92,357 | New |
| SandiskSNDK | 6.0% | $61m | 26,800 | -62% |
| QualcommQCOM | 5.1% | $52m | 281,160 | New |
| Forgent Power SolutionsFPS | 3.9% | $40m | 711,329 | New |
| Poet TechnologiesPOET | 3.9% | $40m | 3,860,024 | New |
| WolfspeedWOLF | 3.4% | $35m | 719,134 | New |
| Bloom EnergyBE | 3.3% | $33m | 109,217 | New |
| IntelINTC | 3.2% | $33m | 234,800 | New |
| Robinhood MarketsHOOD | 2.3% | $23m | 234,199 | New |
| MKSMKSI | 1.8% | $18m | 41,589 | New |
| Fundrise Innovation FundVCX | 1.5% | $15m | 172,355 | -15% |
| SnowflakeSNOW | 1.4% | $14m | 56,875 | New |
| Ultra Clean HoldingsUCTT | 1.3% | $13m | 91,971 | New |
| EntegrisENTG | 1.3% | $13m | 72,727 | New |
| Ichor HoldingsICHR | 1.3% | $13m | 115,582 | New |
| Astera LabsALAB | 1.0% | $10m | 20,200 | +201900% |
| AlphabetGOOGL | 0.3% | $3m | 7,740 | -96% |
| Pony AIPONY | 0.2% | $2m | 334,352 | New |
| Micron TechnologyMU | <0.1% | $11,543 | 10 | Held |
Options (12)
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $567m
- Contracts
- 769,800
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $426m
- Contracts
- 571,100
- Ishares TRSOXX
- Type
- Put
- Value
- $424m
- Contracts
- 661,900
- Advanced Micro DevicesAMD
- Type
- Call
- Value
- $334m
- Contracts
- 575,000
- Lam ResearchLRCX
- Type
- Call
- Value
- $169m
- Contracts
- 390,000
- TeslaTSLA
- Type
- Put
- Value
- $139m
- Contracts
- 330,000
- IntelINTC
- Type
- Call
- Value
- $132m
- Contracts
- 945,000
- Taiwan Semiconductor ManufacturingTSM
- Type
- Put
- Value
- $115m
- Contracts
- 240,000
- Micron TechnologyMU
- Type
- Call
- Value
- $69m
- Contracts
- 60,000
- Ishares TRIGV
- Type
- Call
- Value
- $48m
- Contracts
- 525,000
- Applied MaterialsAMAT
- Type
- Call
- Value
- $47m
- Contracts
- 65,000
- Monolithic Power SystemsMPWR
- Type
- Put
- Value
- $30m
- Contracts
- 21,500
| Company | Type | Value | Contracts |
|---|---|---|---|
| Invesco QQQ TRQQQ | Put | $567m | 769,800 |
| State STR Spdr S&P 500 ETF TSPY | Put | $426m | 571,100 |
| Ishares TRSOXX | Put | $424m | 661,900 |
| Advanced Micro DevicesAMD | Call | $334m | 575,000 |
| Lam ResearchLRCX | Call | $169m | 390,000 |
| TeslaTSLA | Put | $139m | 330,000 |
| IntelINTC | Call | $132m | 945,000 |
| Taiwan Semiconductor ManufacturingTSM | Put | $115m | 240,000 |
| Micron TechnologyMU | Call | $69m | 60,000 |
| Ishares TRIGV | Call | $48m | 525,000 |
| Applied MaterialsAMAT | Call | $47m | 65,000 |
| Monolithic Power SystemsMPWR | Put | $30m | 21,500 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 24.9% since 30 June 2025.
Where the money is
Technology82.3%
Retail & consumer10.1%
Industrials3.3%
Financial services2.3%
Media & telecom0.3%
Other1.7%
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.