# Ariose Capital Management Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1665925. Source: https://holderbook.com/funds/1665925-ariose-capital-management-ltd/

- Reported value: $234.1M
- Positions: 19
- Weight of the ten largest: 83.2%
- Filed: 2026-07-27

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $51.8M | 22,800 | 22.1% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $26.6M | 27,616 | 11.4% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $23.2M | 40,007 | 9.9% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $22.2M | 74,400 | 9.5% | 1 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $16.7M | 26,127 | 7.1% | 1 |
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $13.9M | 71,580 | 6.0% | 1 |
| DAQO NEW ENERGY CORP | [DQ](https://holderbook.com/stocks/DQ/) | $12.8M | 953,974 | 5.5% | 13 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $10.3M | 14,200 | 4.4% | 1 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $9.6M | 83,900 | 4.1% | 1 |
| STMICROELECTRONICS N V | [STM](https://holderbook.com/stocks/STM/) | $7.6M | 100,835 | 3.2% | 1 |
| VEECO INSTRS INC DEL | [VECO](https://holderbook.com/stocks/VECO/) | $7.3M | 95,647 | 3.1% | 1 |
| POWER INTEGRATIONS INC | [POWI](https://holderbook.com/stocks/POWI/) | $5.6M | 66,578 | 2.4% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $5.4M | 11,400 | 2.3% | 1 |
| NAVITAS SEMICONDUCTOR CORP | [NVTS](https://holderbook.com/stocks/NVTS/) | $5.0M | 280,582 | 2.1% | 1 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $5.0M | 105,187 | 2.1% | 1 |
| SEMTECH CORP | [SMTC](https://holderbook.com/stocks/SMTC/) | $4.7M | 28,991 | 2.0% | 1 |
| SIGMA LITHIUM CORPORATION | [SGML](https://holderbook.com/stocks/SGML/) | $3.9M | 310,076 | 1.7% | 2 |
| JOYY INC | [JOYY](https://holderbook.com/stocks/JOYY/) | $1.4M | 21,338 | 0.6% | 5 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.1M | 7,542 | 0.4% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +69.2% | +14.8% | +54.4% | 100% |
| Q1 2026 | -5.2% | -4.6% | -0.6% | 100% |
| Q4 2025 | +9.6% | +2.4% | +7.3% | 100% |
| Q3 2025 | +13.2% | +7.8% | +5.3% | 100% |
| Q2 2025 | +5.7% | +10.5% | -4.7% | 100% |
| Q1 2025 | -15.3% | -4.6% | -10.8% | 100% |
| Q4 2024 | +4.5% | +2.1% | +2.4% | 100% |
| Q3 2024 | +12.3% | +5.4% | +6.9% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $234.1M | 19 |
| Q1 2026 | $148.9M | 15 |
| Q4 2025 | $298.5M | 14 |
| Q3 2025 | $298.2M | 35 |
| Q2 2025 | $158.2M | 18 |
| Q1 2025 | $91.2M | 12 |
| Q4 2024 | $120.8M | 13 |
| Q3 2024 | $116.8M | 9 |
| Q2 2024 | $131.0M | 13 |
| Q1 2024 | $189.9M | 12 |
| Q4 2023 | $256.4M | 17 |
| Q3 2023 | $176.7M | 9 |