# AI-Squared Management Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1933952. Source: https://holderbook.com/funds/1933952-ai-squared-management-ltd/

- Reported value: $187.5M
- Positions: 19
- Weight of the ten largest: 74.1%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $25.0M | 327,700 | 13.3% | 1 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $17.9M | 156,308 | 9.5% | 4 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $16.8M | 7,400 | 9.0% | 2 |
| STAAR SURGICAL CO | [STAA](https://holderbook.com/stocks/STAA/) | $15.6M | 542,420 | 8.3% | 2 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $13.0M | 509,900 | 6.9% | 1 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $12.7M | 132,236 | 6.8% | 2 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $10.7M | 57,990 | 5.7% | 1 |
| ATOUR LIFESTYLE HLDGS LTD | [ATAT](https://holderbook.com/stocks/ATAT/) | $9.6M | 301,984 | 5.1% | 11 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $9.2M | 33,362 | 4.9% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $8.5M | 17,800 | 4.5% | 3 |
| VNET GROUP INC | [VNET](https://holderbook.com/stocks/VNET/) | $8.3M | 1,026,500 | 4.4% | 4 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $6.9M | 69,661 | 3.7% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.8M | 34,200 | 3.6% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $6.1M | 5,300 | 3.3% | 3 |
| CEREBRAS SYSTEMS INC | [CBRS](https://holderbook.com/stocks/CBRS/) | $5.9M | 26,900 | 3.2% | 1 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $5.5M | 413,500 | 2.9% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $4.4M | 7,600 | 2.4% | 4 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $4.1M | 101,800 | 2.2% | 2 |
| CIRCLE INTERNET GROUP INC | [CRCL](https://holderbook.com/stocks/CRCL/) | $463.5K | 7,400 | 0.2% | 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 | +75.4% | +14.8% | +60.6% | 100% |
| Q1 2026 | -5.1% | -4.6% | -0.5% | 100% |
| Q4 2025 | +0.1% | +2.4% | -2.3% | 100% |
| Q3 2025 | +29.8% | +7.8% | +22.0% | 100% |
| Q2 2025 | +22.6% | +10.5% | +12.2% | 100% |
| Q1 2025 | +10.6% | -4.6% | +15.2% | 100% |
| Q4 2024 | -7.1% | +2.1% | -9.2% | 100% |
| Q3 2024 | +3.2% | +5.4% | -2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $187.5M | 19 |
| Q1 2026 | $137.4M | 19 |
| Q4 2025 | $86.1M | 18 |
| Q3 2025 | $96.0M | 20 |
| Q2 2025 | $158.6M | 11 |
| Q1 2025 | $107.3M | 16 |
| Q4 2024 | $98.1M | 20 |
| Q3 2024 | $197.5M | 26 |
| Q2 2024 | $177.8M | 25 |
| Q1 2024 | $133.1M | 18 |
| Q4 2023 | $78.5M | 16 |