Tairen Capital
HONG KONG, K3files as Tairen Capital Ltd
$1.1bn in 44 US stocks at the end of 30 June 2026. The top 10 are 73.6% of the money. It changed about 62.3% of the portfolio this quarter.
Value
$1.1bn
Stocks
44
Top 10 share
73.6%
Turnover
62.3%
What changed this quarter
New
Bought for the first time this quarter.
- Marvell TechnologyMRVL7.6% of the fund
- QualcommQCOM5.0% of the fund
- ChevronCVX4.6% of the fund
- CelesticaCLS3.5% of the fund
- BroadcomAVGO3.3% of the fund
- CienaCIEN1.5% of the fund
- NokiaNOK1.4% of the fund
- X-EnergyXE1.0% of the fund
- AXTAXTI0.9% of the fund
- SitimeSITM0.8% of the fund
- Kulicke & Soffa IndustriesKLIC0.7% of the fund
- BWX TechnologiesBWXT0.7% of the fund
- Super Micro ComputerSMCI0.6% of the fund
- Onto InnovationONTO0.6% of the fund
- InnioINIO0.6% of the fund
- SemtechSMTC0.5% of the fund
- Poet TechnologiesPOET0.5% of the fund
- BaiduBIDU0.3% of the fund
- SeadrillSDRL0.2% of the fund
- TransoceanRIG0.2% of the fund
- ValarisVAL0.2% of the fund
- Super Micro Computer<0.1% of the fund
- United MicroelectronicsUMC<0.1% of the fund
- Oracle<0.1% of the fund
Added
Bought more of a stock they already held.
- Taiwan Semiconductor ManufacturingTSM19.1% of the fund+178%
- Advanced Micro DevicesAMD8.8% of the fund+7%
- Lumentum HoldingsLITE8.1% of the fund+95%
- CorningGLW6.6% of the fund+9%
- Baker HughesBKR2.9% of the fund+20%
- Trip COM GroupTCOM1.0% of the fund+46%
Cut
Sold some of their stake.
- IntelINTC5.8% of the fund-45%
- Micron TechnologyMU3.2% of the fund-88%
- TeradyneTER1.4% of the fund-39%
- Alibaba Group HldgBABA0.7% of the fund-52%
- New Oriental Education & Technology GroupEDU0.4% of the fund-34%
- SnapSNAP0.4% of the fund-43%
- SandiskSNDK0.2% of the fund-98%
- ASML Holding NVASML<0.1% of the fund-98%
- Applied MaterialsAMAT<0.1% of the fund-100%
- Lam ResearchLRCX<0.1% of the fund-100%
Sold out
Sold their entire stake.
- IsharesEWY-100%
- AlphabetGOOGL-100%
- Meta PlatformsMETA-100%
- LindeLIN-100%
- DoorDashDASH-100%
- RobloxRBLX-100%
- ARM HoldingsARM-100%
- MKSMKSI-100%
- Solstice Advanced MaterialsSOLS-100%
- Keysight TechnologiesKEYS-100%
- CoherentCOHR-100%
- Westinghouse Air Brake TechnologiesWAB-100%
- RambusRMBS-100%
- HalliburtonHAL-100%
- Parker-HannifinPH-100%
- NvidiaNVDA-100%
- Unity SoftwareU-100%
- NasdaqNDAQ-100%
- Advanced Energy IndustriesAEIS-100%
- Fair IsaacFICO-100%
- EntegrisENTG-100%
- AlphabetGOOG-100%
- FTAI AviationFTAI-100%
- Vnet GroupVNET-100%
Holdings
- NokiaNOK
- Share
- 1.4%
- Value
- $16m
- Shares
- 1,215,920
New
- X-EnergyXE
- Share
- 1.0%
- Value
- $12m
- Shares
- 636,000
New
- Trip COM GroupTCOM
- Share
- 1.0%
- Value
- $11m
- Shares
- 274,227
+46%
- Alibaba Group HldgBABA
- Share
- 0.7%
- Value
- $8m
- Shares
- 88,000
-52%
- InnioINIO
- Share
- 0.6%
- Value
- $6m
- Shares
- 159,132
New
- BaiduBIDU
- Share
- 0.3%
- Value
- $3m
- Shares
- 26,200
New
- Super Micro Computer
- Share
- <0.1%
- Value
- $1m
- Shares
- 20,000
New
- Oracle
- Share
- <0.1%
- Value
- $449,500
- Shares
- 10,000
New
- Dingdong CaymanDDL
- Share
- <0.1%
- Value
- $63,690
- Shares
- 33,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 19.1% | $216m | 452,800 | +178% |
| Advanced Micro DevicesAMD | 8.8% | $99m | 171,100 | +7% |
| Lumentum HoldingsLITE | 8.1% | $92m | 106,960 | +95% |
| Marvell TechnologyMRVL | 7.6% | $86m | 288,880 | New |
| CorningGLW | 6.6% | $75m | 294,169 | +9% |
| IntelINTC | 5.8% | $66m | 469,340 | -45% |
| QualcommQCOM | 5.0% | $56m | 303,691 | New |
| ChevronCVX | 4.6% | $53m | 317,400 | New |
| Robinhood MarketsHOOD | 4.5% | $51m | 512,952 | Held |
| CelesticaCLS | 3.5% | $39m | 108,000 | New |
| BroadcomAVGO | 3.3% | $37m | 99,160 | New |
| Micron TechnologyMU | 3.2% | $37m | 31,805 | -88% |
| Baker HughesBKR | 2.9% | $32m | 583,995 | +20% |
| CienaCIEN | 1.5% | $17m | 34,720 | New |
| NokiaNOK | 1.4% | $16m | 1,215,920 | New |
| TeradyneTER | 1.4% | $15m | 32,000 | -39% |
| X-EnergyXE | 1.0% | $12m | 636,000 | New |
| SLB LimitedSLB | 1.0% | $12m | 250,000 | Held |
| Trip COM GroupTCOM | 1.0% | $11m | 274,227 | +46% |
| AXTAXTI | 0.9% | $10m | 140,000 | New |
| SitimeSITM | 0.8% | $9m | 12,500 | New |
| RootROOT | 0.8% | $9m | 160,798 | Held |
| Alibaba Group HldgBABA | 0.7% | $8m | 88,000 | -52% |
| Kulicke & Soffa IndustriesKLIC | 0.7% | $8m | 62,786 | New |
| BWX TechnologiesBWXT | 0.7% | $8m | 40,000 | New |
| Super Micro ComputerSMCI | 0.6% | $7m | 238,300 | New |
| Onto InnovationONTO | 0.6% | $7m | 17,500 | New |
| InnioINIO | 0.6% | $6m | 159,132 | New |
| SemtechSMTC | 0.5% | $6m | 37,100 | New |
| Poet TechnologiesPOET | 0.5% | $6m | 540,000 | New |
| New Oriental Education & Technology GroupEDU | 0.4% | $5m | 102,700 | -34% |
| SnapSNAP | 0.4% | $4m | 900,500 | -43% |
| BaiduBIDU | 0.3% | $3m | 26,200 | New |
| SandiskSNDK | 0.2% | $3m | 1,205 | -98% |
| SeadrillSDRL | 0.2% | $2m | 61,600 | New |
| TransoceanRIG | 0.2% | $2m | 445,100 | New |
| ValarisVAL | 0.2% | $2m | 29,800 | New |
| Super Micro Computer | <0.1% | $1m | 20,000 | New |
| ASML Holding NVASML | <0.1% | $686,357 | 345 | -98% |
| United MicroelectronicsUMC | <0.1% | $469,917 | 17,270 | New |
| Oracle | <0.1% | $449,500 | 10,000 | New |
| Applied MaterialsAMAT | <0.1% | $289,200 | 400 | -100% |
| Lam ResearchLRCX | <0.1% | $259,998 | 600 | -100% |
| Dingdong CaymanDDL | <0.1% | $63,690 | 33,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 15.7% since 30 June 2025.
Where the money is
Technology79.8%
Energy9.1%
Financial services5.3%
Industrials1.8%
Retail & consumer0.4%
Other3.5%
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.