# KADENSA CAPITAL Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1720980. Source: https://holderbook.com/funds/1720980-kadensa-capital-ltd/

- Reported value: $468.6M
- Positions: 28
- Weight of the ten largest: 71.2%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $68.1M | 142,610 | 14.5% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $57.9M | 137,670 | 12.4% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $49.2M | 246,094 | 10.5% | 13 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $31.6M | 216,294 | 6.7% | 5 |
| STMICROELECTRONICS N V | [STM](https://holderbook.com/stocks/STM/) | $28.0M | 373,702 | 6.0% | 1 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $22.2M | 30,840 | 4.7% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $21.6M | 147,345 | 4.6% | 5 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $21.0M | 17,914 | 4.5% | 4 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $19.2M | 51,423 | 4.1% | 7 |
| AEHR TEST SYS | [AEHR](https://holderbook.com/stocks/AEHR/) | $14.9M | 155,299 | 3.2% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $14.5M | 47,968 | 3.1% | 1 |
| DIGI PWR X INC | [DGXX](https://holderbook.com/stocks/DGXX/) | $12.7M | 2,336,152 | 2.7% | 1 |
| TEMPUS AI INC | [TEM](https://holderbook.com/stocks/TEM/) | $12.6M | 217,591 | 2.7% | 6 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $12.4M | 6,269 | 2.7% | 1 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $10.6M | 39,595 | 2.3% | 5 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $10.6M | 29,799 | 2.3% | 1 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $10.5M | 108,882 | 2.2% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $10.1M | 28,600 | 2.2% | 1 |
| AXT INC | [AXTI](https://holderbook.com/stocks/AXTI/) | $8.3M | 115,053 | 1.8% | 1 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $7.9M | 236,048 | 1.7% | 8 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $5.0M | 4,342 | 1.1% | 1 |
| KANZHUN LIMITED | [BZ](https://holderbook.com/stocks/BZ/) | $5.0M | 385,002 | 1.1% | 1 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $4.2M | 8,089 | 0.9% | 2 |
| VISHAY INTERTECHNOLOGY INC | [VSH](https://holderbook.com/stocks/VSH/) | $3.9M | 72,928 | 0.8% | 1 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $2.7M | 8,808 | 0.6% | 1 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $1.9M | 11,280 | 0.4% | 1 |
| AEROVIRONMENT INC | [AVAV](https://holderbook.com/stocks/AVAV/) | $1.2M | 7,400 | 0.3% | 4 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $795.9K | 3,116 | 0.2% | 2 |

## 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 | +30.0% | +14.8% | +15.2% | 100% |
| Q1 2026 | -5.4% | -4.6% | -0.8% | 100% |
| Q4 2025 | -4.2% | +2.4% | -6.6% | 100% |
| Q3 2025 | +13.1% | +7.8% | +5.3% | 100% |
| Q2 2025 | +24.3% | +10.5% | +13.9% | 100% |
| Q1 2025 | -3.0% | -4.6% | +1.5% | 100% |
| Q4 2024 | +5.0% | +2.1% | +2.8% | 100% |
| Q3 2024 | +0.1% | +5.4% | -5.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $468.6M | 28 |
| Q1 2026 | $718.5M | 39 |
| Q4 2025 | $963.0M | 43 |
| Q3 2025 | $971.1M | 49 |
| Q2 2025 | $628.1M | 46 |
| Q1 2025 | $806.1M | 57 |
| Q4 2024 | $823.8M | 51 |
| Q3 2024 | $382.0M | 32 |
| Q2 2024 | $424.1M | 38 |
| Q1 2024 | $368.3M | 38 |
| Q4 2023 | $396.6M | 15 |
| Q3 2023 | $506.6M | 24 |