Kadensa Capital
CENTRAL, K3files as KADENSA CAPITAL Ltd
$469m in 28 US stocks at the end of 30 June 2026. The top 10 are 71.2% of the money. It changed about 50.5% of the portfolio this quarter.
Value
$469m
Stocks
28
Top 10 share
71.2%
Turnover
50.5%
What changed this quarter
New
Bought for the first time this quarter.
- STMicroelectronicsSTM6.0% of the fund
- Aehr Test SystemsAEHR3.2% of the fund
- KLAKLAC3.1% of the fund
- Digi Power XDGXX2.7% of the fund
- Comfort Systems USAFIX2.7% of the fund
- ARM HoldingsARM2.3% of the fund
- AlphabetGOOG2.2% of the fund
- AXTAXTI1.8% of the fund
- Micron TechnologyMU1.1% of the fund
- KanzhunBZ1.1% of the fund
- Vishay IntertechnologyVSH0.8% of the fund
- Bloom EnergyBE0.6% of the fund
- Space Exploration TechnologiesSPCX0.4% of the fund
Added
Bought more of a stock they already held.
- Quanta ServicesPWR4.7% of the fund+10%
- OracleORCL4.6% of the fund+5%
Cut
Sold some of their stake.
- Taiwan Semiconductor ManufacturingTSM14.5% of the fund-9%
- NvidiaNVDA10.5% of the fund-50%
- Johnson Controls InternationalJCI6.7% of the fund-10%
- GE VernovaGEV4.5% of the fund-3%
- General ElectricGE4.1% of the fund-66%
- Tempus AITEM2.7% of the fund-41%
- Howmet AerospaceHWM2.3% of the fund-26%
- Alibaba Group HldgBABA2.2% of the fund-64%
- AppLovinAPP0.9% of the fund-73%
- AeroVironmentAVAV0.3% of the fund-83%
- CorningGLW0.2% of the fund-98%
Sold out
Sold their entire stake.
- Palantir TechnologiesPLTR-100%
- Robinhood MarketsHOOD-100%
- MicrosoftMSFT-100%
- Advanced Micro DevicesAMD-100%
- Meta PlatformsMETA-100%
- RobloxRBLX-100%
- FlexFLEX-100%
- TeradyneTER-100%
- Upstart HoldingsUPST-100%
- FormfactorFORM-100%
- Astera LabsALAB-100%
- Vnet GroupVNET-100%
- XpengXPEV-100%
- AlbemarleALB-100%
- TAL ED GroupTAL-100%
- EHang HoldingsEH-100%
- Lumentum HoldingsLITE-100%
- CloudflareNET-100%
- WerideWRD-100%
- MakeMyTripMMYT-100%
- TTM TechnologiesTTMI-100%
- Tencent Music Entmt GroupTME-100%
- Ishares TREEM-100%
- So-Young InternationalSY-100%
Holdings
- ARM HoldingsARM
- Share
- 2.3%
- Value
- $11m
- Shares
- 29,799
New
- Alibaba Group HldgBABA
- Share
- 2.2%
- Value
- $10m
- Shares
- 108,882
-64%
- Ishares Bitcoin Trust ETFIBIT
- Share
- 1.7%
- Value
- $8m
- Shares
- 236,048
Held
- Space Exploration TechnologiesSPCX
- Share
- 0.4%
- Value
- $2m
- Shares
- 11,280
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 14.5% | $68m | 142,610 | -9% |
| TeslaTSLA | 12.4% | $58m | 137,670 | Held |
| NvidiaNVDA | 10.5% | $49m | 246,094 | -50% |
| Johnson Controls InternationalJCI | 6.7% | $32m | 216,294 | -10% |
| STMicroelectronicsSTM | 6.0% | $28m | 373,702 | New |
| Quanta ServicesPWR | 4.7% | $22m | 30,840 | +10% |
| OracleORCL | 4.6% | $22m | 147,345 | +5% |
| GE VernovaGEV | 4.5% | $21m | 17,914 | -3% |
| General ElectricGE | 4.1% | $19m | 51,423 | -66% |
| Aehr Test SystemsAEHR | 3.2% | $15m | 155,299 | New |
| KLAKLAC | 3.1% | $14m | 47,968 | New |
| Digi Power XDGXX | 2.7% | $13m | 2,336,152 | New |
| Tempus AITEM | 2.7% | $13m | 217,591 | -41% |
| Comfort Systems USAFIX | 2.7% | $12m | 6,269 | New |
| Howmet AerospaceHWM | 2.3% | $11m | 39,595 | -26% |
| ARM HoldingsARM | 2.3% | $11m | 29,799 | New |
| Alibaba Group HldgBABA | 2.2% | $10m | 108,882 | -64% |
| AlphabetGOOG | 2.2% | $10m | 28,600 | New |
| AXTAXTI | 1.8% | $8m | 115,053 | New |
| Ishares Bitcoin Trust ETFIBIT | 1.7% | $8m | 236,048 | Held |
| Micron TechnologyMU | 1.1% | $5m | 4,342 | New |
| KanzhunBZ | 1.1% | $5m | 385,002 | New |
| AppLovinAPP | 0.9% | $4m | 8,089 | -73% |
| Vishay IntertechnologyVSH | 0.8% | $4m | 72,928 | New |
| Bloom EnergyBE | 0.6% | $3m | 8,808 | New |
| Space Exploration TechnologiesSPCX | 0.4% | $2m | 11,280 | New |
| AeroVironmentAVAV | 0.3% | $1m | 7,400 | -83% |
| CorningGLW | 0.2% | $795,920 | 3,116 | -98% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 25.4% since 30 June 2025.
Where the money is
Technology49.0%
Industrials29.0%
Retail & consumer12.4%
Media & telecom3.0%
Financial services2.7%
Other3.9%
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.