Value Aligned Research Advisors
PRINCETON, NJfiles as Value Aligned Research Advisors, LLC
$16.7bn in 59 US stocks at the end of 30 June 2026. The top 10 are 56.3% of the money. It changed about 34.1% of the portfolio this quarter.
Value
$16.7bn
Stocks
59
Top 10 share
56.3%
Turnover
34.1%
What changed this quarter
New
Bought for the first time this quarter.
- Cerebras SystemsCBRS1.4% of the fund
- EchoStarECHO1.2% of the fund
- Forgent Power SolutionsFPS1.1% of the fund
- Space Exploration TechnologiesSPCX0.6% of the fund
- Credo Technology Group HoldingCRDO0.5% of the fund
- Advanced Micro DevicesAMD0.5% of the fund
- Fervo EnergyFRVO0.4% of the fund
- InnioINIO0.3% of the fund
- Babcock & Wilcox EnterprisesBW0.2% of the fund
- Keel InfrastructureKEEL0.2% of the fund
- ERockEROC0.1% of the fund
- FermiFRMI<0.1% of the fund
- Meta PlatformsMETA<0.1% of the fund
Added
Bought more of a stock they already held.
- Bloom EnergyBE10.1% of the fund+22%
- Nebius GroupNBIS10.1% of the fund+5%
- CoreWeaveCRWV6.5% of the fund+31%
- IntelINTC5.3% of the fund+1160%
- Micron TechnologyMU5.1% of the fund+235%
- SandiskSNDK4.2% of the fund+196%
- CelesticaCLS3.4% of the fund+6%
- Comfort Systems USAFIX2.9% of the fund+14%
- Taiwan Semiconductor ManufacturingTSM2.9% of the fund+148059%
- Amazon.comAMZN2.3% of the fund+32927%
- IrenIREN2.3% of the fund+78%
- FTAI AviationFTAI2.3% of the fund+30%
- TerawulfWULF1.8% of the fund+56%
- EMCOR GroupEME1.7% of the fund+57%
- EQTEQT1.5% of the fund+10%
- Applied OptoelectronicsAAOI1.4% of the fund+26%
- Core ScientificCORZ1.4% of the fund+19%
- BroadcomAVGO0.9% of the fund+733%
- ACM ResearchACMR0.8% of the fund+10%
- AlphabetGOOGL0.8% of the fund+3119%
- Bitdeer Technologies GroupBTDR0.5% of the fund+29%
- LegenceLGN0.4% of the fund+125%
- BKVBKV0.1% of the fund+110%
Cut
Sold some of their stake.
- Seagate Technology HoldingsSTX4.1% of the fund-22%
- Western DigitalWDC3.8% of the fund-24%
- Lumentum HoldingsLITE3.8% of the fund-31%
- Vertiv HoldingsVRT2.9% of the fund-26%
- Applied DigitalAPLD1.2% of the fund-17%
- Hut 8HUT1.0% of the fund-50%
- NvidiaNVDA1.0% of the fund-6%
- CoherentCOHR0.8% of the fund-75%
- Riot PlatformsRIOT0.5% of the fund-36%
- Sterling InfrastructureSTRL0.4% of the fund-18%
- Lam ResearchLRCX0.3% of the fund-89%
- Applied MaterialsAMAT0.3% of the fund-90%
- TransaltaTAC0.2% of the fund-18%
- Talen EnergyTLN<0.1% of the fund-75%
- TSSTSSI<0.1% of the fund-43%
Sold out
Sold their entire stake.
- Freeport-McMoRanFCX-100%
- KLAKLAC-100%
- SnowflakeSNOW-100%
- Solaris Energy InfrastructureSEI-100%
- Tower SemiconductorTSEM-100%
- Liberty EnergyLBRT-100%
- BitfarmsBITF-100%
Holdings
- Cerebras SystemsCBRS
- Share
- 1.4%
- Value
- $242m
- Shares
- 1,094,722
New
- Space Exploration TechnologiesSPCX
- Share
- 0.6%
- Value
- $101m
- Shares
- 589,723
New
- Fervo EnergyFRVO
- Share
- 0.4%
- Value
- $63m
- Shares
- 2,160,607
New
- InnioINIO
- Share
- 0.3%
- Value
- $54m
- Shares
- 1,355,362
New
- TransaltaTAC
- Share
- 0.2%
- Value
- $30m
- Shares
- 2,139,907
-18%
- ERockEROC
- Share
- 0.1%
- Value
- $20m
- Shares
- 1,345,920
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Bloom EnergyBE | 10.1% | $1.7bn | 5,585,179 | +22% |
| Nebius GroupNBIS | 10.1% | $1.7bn | 6,104,121 | +5% |
| CoreWeaveCRWV | 6.5% | $1.1bn | 10,886,110 | +31% |
| IntelINTC | 5.3% | $886m | 6,345,700 | +1160% |
| Micron TechnologyMU | 5.1% | $846m | 733,007 | +235% |
| SandiskSNDK | 4.2% | $709m | 311,782 | +196% |
| Seagate Technology HoldingsSTX | 4.1% | $685m | 709,357 | -22% |
| Western DigitalWDC | 3.8% | $631m | 988,429 | -24% |
| Lumentum HoldingsLITE | 3.8% | $630m | 734,687 | -31% |
| CelesticaCLS | 3.4% | $575m | 1,576,402 | +6% |
| Comfort Systems USAFIX | 2.9% | $483m | 243,607 | +14% |
| Vertiv HoldingsVRT | 2.9% | $481m | 1,437,807 | -26% |
| Taiwan Semiconductor ManufacturingTSM | 2.9% | $481m | 1,007,480 | +148059% |
| Amazon.comAMZN | 2.3% | $387m | 1,625,565 | +32927% |
| IrenIREN | 2.3% | $387m | 8,467,327 | +78% |
| FTAI AviationFTAI | 2.3% | $377m | 1,393,259 | +30% |
| TerawulfWULF | 1.8% | $303m | 12,263,135 | +56% |
| EMCOR GroupEME | 1.7% | $290m | 349,960 | +57% |
| Astera LabsALAB | 1.6% | $275m | 568,316 | Held |
| Cipher DigitalCIFR | 1.6% | $273m | 11,125,393 | Held |
| EQTEQT | 1.5% | $245m | 4,614,894 | +10% |
| Cerebras SystemsCBRS | 1.4% | $242m | 1,094,722 | New |
| Applied OptoelectronicsAAOI | 1.4% | $236m | 1,595,124 | +26% |
| Core ScientificCORZ | 1.4% | $235m | 9,187,797 | +19% |
| Applied DigitalAPLD | 1.2% | $207m | 5,546,030 | -17% |
| EchoStarECHO | 1.2% | $193m | 1,905,515 | New |
| Forgent Power SolutionsFPS | 1.1% | $176m | 3,158,622 | New |
| Hut 8HUT | 1.0% | $166m | 1,440,342 | -50% |
| NvidiaNVDA | 1.0% | $160m | 800,769 | -6% |
| BroadcomAVGO | 0.9% | $154m | 407,611 | +733% |
| ASML Holding NVASML | 0.8% | $140m | 70,548 | Held |
| ACM ResearchACMR | 0.8% | $134m | 1,053,949 | +10% |
| AlphabetGOOGL | 0.8% | $132m | 370,302 | +3119% |
| CoherentCOHR | 0.8% | $126m | 319,191 | -75% |
| Space Exploration TechnologiesSPCX | 0.6% | $101m | 589,723 | New |
| Credo Technology Group HoldingCRDO | 0.5% | $92m | 337,998 | New |
| Advanced Micro DevicesAMD | 0.5% | $90m | 155,600 | New |
| Riot PlatformsRIOT | 0.5% | $90m | 3,290,544 | -36% |
| Bitdeer Technologies GroupBTDR | 0.5% | $83m | 5,203,764 | +29% |
| Fervo EnergyFRVO | 0.4% | $63m | 2,160,607 | New |
| Sterling InfrastructureSTRL | 0.4% | $62m | 73,360 | -18% |
| LegenceLGN | 0.4% | $59m | 692,150 | +125% |
| InnioINIO | 0.3% | $54m | 1,355,362 | New |
| Lam ResearchLRCX | 0.3% | $53m | 121,597 | -89% |
| GE VernovaGEV | 0.3% | $52m | 44,433 | Held |
| Applied MaterialsAMAT | 0.3% | $50m | 69,591 | -90% |
| Babcock & Wilcox EnterprisesBW | 0.2% | $32m | 2,238,024 | New |
| TransaltaTAC | 0.2% | $30m | 2,139,907 | -18% |
| Keel InfrastructureKEEL | 0.2% | $30m | 5,154,360 | New |
| ERockEROC | 0.1% | $20m | 1,345,920 | New |
| BKVBKV | 0.1% | $19m | 679,899 | +110% |
| OracleORCL | 0.1% | $17m | 115,078 | Held |
| FermiFRMI | <0.1% | $13m | 1,367,995 | New |
| Talen EnergyTLN | <0.1% | $7m | 17,716 | -75% |
| Hallador EnergyHNRG | <0.1% | $6m | 320,759 | Held |
| TSSTSSI | <0.1% | $3m | 261,498 | -43% |
| AlphabetGOOG | <0.1% | $2m | 4,785 | Held |
| MicrosoftMSFT | <0.1% | $139,509 | 374 | Held |
| Meta PlatformsMETA | <0.1% | $69,848 | 124 | New |
Options (50)
- AlphabetGOOGL
- Type
- Call
- Value
- $4.7bn
- Contracts
- 13,034,100
- Amazon.comAMZN
- Type
- Call
- Value
- $4.4bn
- Contracts
- 18,270,300
- NvidiaNVDA
- Type
- Call
- Value
- $4.0bn
- Contracts
- 20,168,900
- Micron TechnologyMU
- Type
- Call
- Value
- $1.2bn
- Contracts
- 1,004,700
- Taiwan Semiconductor ManufacturingTSM
- Type
- Call
- Value
- $1.0bn
- Contracts
- 2,194,700
- NvidiaNVDA
- Type
- Put
- Value
- $892m
- Contracts
- 4,455,500
- IntelINTC
- Type
- Call
- Value
- $881m
- Contracts
- 6,307,700
- ASML Holding NVASML
- Type
- Call
- Value
- $638m
- Contracts
- 320,600
- Taiwan Semiconductor ManufacturingTSM
- Type
- Put
- Value
- $622m
- Contracts
- 1,302,000
- CoreWeaveCRWV
- Type
- Call
- Value
- $575m
- Contracts
- 5,779,700
- BroadcomAVGO
- Type
- Put
- Value
- $546m
- Contracts
- 1,445,700
- Advanced Micro DevicesAMD
- Type
- Put
- Value
- $356m
- Contracts
- 613,000
- Advanced Micro DevicesAMD
- Type
- Call
- Value
- $353m
- Contracts
- 607,400
- MicrosoftMSFT
- Type
- Call
- Value
- $349m
- Contracts
- 935,900
- OracleORCL
- Type
- Call
- Value
- $308m
- Contracts
- 2,099,500
- Vertiv HoldingsVRT
- Type
- Call
- Value
- $305m
- Contracts
- 911,000
- BroadcomAVGO
- Type
- Call
- Value
- $247m
- Contracts
- 655,000
- Nebius GroupNBIS
- Type
- Call
- Value
- $231m
- Contracts
- 837,500
- Zoom CommunicationsZM
- Type
- Call
- Value
- $224m
- Contracts
- 2,600,700
- MicrosoftMSFT
- Type
- Put
- Value
- $201m
- Contracts
- 538,900
- SandiskSNDK
- Type
- Call
- Value
- $171m
- Contracts
- 75,300
- Freeport-McMoRanFCX
- Type
- Call
- Value
- $122m
- Contracts
- 1,935,000
- Applied MaterialsAMAT
- Type
- Call
- Value
- $110m
- Contracts
- 151,500
- Lam ResearchLRCX
- Type
- Call
- Value
- $80m
- Contracts
- 184,700
- Freeport-McMoRanFCX
- Type
- Put
- Value
- $80m
- Contracts
- 1,272,200
- EQTEQT
- Type
- Call
- Value
- $74m
- Contracts
- 1,384,900
- TerawulfWULF
- Type
- Call
- Value
- $68m
- Contracts
- 2,754,200
- IrenIREN
- Type
- Call
- Value
- $61m
- Contracts
- 1,344,000
- OracleORCL
- Type
- Put
- Value
- $61m
- Contracts
- 418,200
- CelesticaCLS
- Type
- Call
- Value
- $60m
- Contracts
- 163,900
- Meta PlatformsMETA
- Type
- Put
- Value
- $56m
- Contracts
- 99,700
- KLAKLAC
- Type
- Call
- Value
- $55m
- Contracts
- 183,000
- GE VernovaGEV
- Type
- Call
- Value
- $42m
- Contracts
- 35,600
- Applied DigitalAPLD
- Type
- Call
- Value
- $39m
- Contracts
- 1,047,400
- SnowflakeSNOW
- Type
- Call
- Value
- $34m
- Contracts
- 132,800
- QualcommQCOM
- Type
- Put
- Value
- $31m
- Contracts
- 169,800
- Hut 8HUT
- Type
- Call
- Value
- $26m
- Contracts
- 229,100
- FTAI AviationFTAI
- Type
- Call
- Value
- $26m
- Contracts
- 95,300
- Riot PlatformsRIOT
- Type
- Call
- Value
- $24m
- Contracts
- 890,600
- VistraVST
- Type
- Call
- Value
- $22m
- Contracts
- 136,000
- Vertiv HoldingsVRT
- Type
- Put
- Value
- $20m
- Contracts
- 60,400
- Constellation EnergyCEG
- Type
- Call
- Value
- $17m
- Contracts
- 68,700
- AppleAAPL
- Type
- Put
- Value
- $16m
- Contracts
- 55,400
- Ishares TREEM
- Type
- Put
- Value
- $15m
- Contracts
- 224,100
- EchoStarECHO
- Type
- Call
- Value
- $13m
- Contracts
- 128,400
- Cipher DigitalCIFR
- Type
- Call
- Value
- $13m
- Contracts
- 519,400
- Bloom EnergyBE
- Type
- Call
- Value
- $11m
- Contracts
- 35,600
- Tower SemiconductorTSEM
- Type
- Call
- Value
- $10m
- Contracts
- 39,200
- CoreWeaveCRWV
- Type
- Put
- Value
- $10m
- Contracts
- 97,700
- Lumentum HoldingsLITE
- Type
- Call
- Value
- $6m
- Contracts
- 7,400
| Company | Type | Value | Contracts |
|---|---|---|---|
| AlphabetGOOGL | Call | $4.7bn | 13,034,100 |
| Amazon.comAMZN | Call | $4.4bn | 18,270,300 |
| NvidiaNVDA | Call | $4.0bn | 20,168,900 |
| Micron TechnologyMU | Call | $1.2bn | 1,004,700 |
| Taiwan Semiconductor ManufacturingTSM | Call | $1.0bn | 2,194,700 |
| NvidiaNVDA | Put | $892m | 4,455,500 |
| IntelINTC | Call | $881m | 6,307,700 |
| ASML Holding NVASML | Call | $638m | 320,600 |
| Taiwan Semiconductor ManufacturingTSM | Put | $622m | 1,302,000 |
| CoreWeaveCRWV | Call | $575m | 5,779,700 |
| BroadcomAVGO | Put | $546m | 1,445,700 |
| Advanced Micro DevicesAMD | Put | $356m | 613,000 |
| Advanced Micro DevicesAMD | Call | $353m | 607,400 |
| MicrosoftMSFT | Call | $349m | 935,900 |
| OracleORCL | Call | $308m | 2,099,500 |
| Vertiv HoldingsVRT | Call | $305m | 911,000 |
| BroadcomAVGO | Call | $247m | 655,000 |
| Nebius GroupNBIS | Call | $231m | 837,500 |
| Zoom CommunicationsZM | Call | $224m | 2,600,700 |
| MicrosoftMSFT | Put | $201m | 538,900 |
| SandiskSNDK | Call | $171m | 75,300 |
| Freeport-McMoRanFCX | Call | $122m | 1,935,000 |
| Applied MaterialsAMAT | Call | $110m | 151,500 |
| Lam ResearchLRCX | Call | $80m | 184,700 |
| Freeport-McMoRanFCX | Put | $80m | 1,272,200 |
| EQTEQT | Call | $74m | 1,384,900 |
| TerawulfWULF | Call | $68m | 2,754,200 |
| IrenIREN | Call | $61m | 1,344,000 |
| OracleORCL | Put | $61m | 418,200 |
| CelesticaCLS | Call | $60m | 163,900 |
| Meta PlatformsMETA | Put | $56m | 99,700 |
| KLAKLAC | Call | $55m | 183,000 |
| GE VernovaGEV | Call | $42m | 35,600 |
| Applied DigitalAPLD | Call | $39m | 1,047,400 |
| SnowflakeSNOW | Call | $34m | 132,800 |
| QualcommQCOM | Put | $31m | 169,800 |
| Hut 8HUT | Call | $26m | 229,100 |
| FTAI AviationFTAI | Call | $26m | 95,300 |
| Riot PlatformsRIOT | Call | $24m | 890,600 |
| VistraVST | Call | $22m | 136,000 |
| Vertiv HoldingsVRT | Put | $20m | 60,400 |
| Constellation EnergyCEG | Call | $17m | 68,700 |
| AppleAAPL | Put | $16m | 55,400 |
| Ishares TREEM | Put | $15m | 224,100 |
| EchoStarECHO | Call | $13m | 128,400 |
| Cipher DigitalCIFR | Call | $13m | 519,400 |
| Bloom EnergyBE | Call | $11m | 35,600 |
| Tower SemiconductorTSEM | Call | $10m | 39,200 |
| CoreWeaveCRWV | Put | $10m | 97,700 |
| Lumentum HoldingsLITE | Call | $6m | 7,400 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 647.6% since 30 June 2025.
Where the money is
Technology63.6%
Industrials20.5%
Financial services9.4%
Retail & consumer2.3%
Media & telecom2.0%
Energy1.6%
Utilities0.6%
Real estate0.1%
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.