# Value Aligned Research Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1963565. Source: https://holderbook.com/funds/1963565-value-aligned-research-advisors-llc/

- Reported value: $40.1B
- Positions: 72
- Weight of the ten largest: 66.8%
- Filed: 2026-08-17

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.1B | 800,769 | 12.7% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.8B | 370,302 | 11.9% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.7B | 1,625,565 | 11.8% | 7 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.2B | 1,007,480 | 5.4% | 9 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.0B | 733,007 | 5.0% | 7 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $1.9B | 6,104,121 | 4.8% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.8B | 6,345,700 | 4.4% | 5 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $1.7B | 5,585,179 | 4.2% | 7 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $1.7B | 10,886,110 | 4.2% | 5 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $947.5M | 407,611 | 2.4% | 9 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $880.1M | 311,782 | 2.2% | 2 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $806.7M | 1,437,807 | 2.0% | 13 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $799.3M | 155,600 | 2.0% | 6 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $778.2M | 70,548 | 1.9% | 3 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $684.6M | 709,357 | 1.7% | 3 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $636.8M | 734,687 | 1.6% | 3 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $634.9M | 1,576,402 | 1.6% | 9 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $631.3M | 988,429 | 1.6% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $550.3M | 374 | 1.4% | 9 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $482.8M | 243,607 | 1.2% | 4 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $448.7M | 8,467,327 | 1.1% | 5 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $402.7M | 1,393,259 | 1.0% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $385.8M | 115,078 | 1.0% | 6 |
| TERAWULF INC | [WULF](https://holderbook.com/stocks/WULF/) | $370.9M | 12,263,135 | 0.9% | 2 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $319.0M | 4,614,894 | 0.8% | 6 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $290.4M | 349,960 | 0.7% | 4 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $285.3M | 11,125,393 | 0.7% | 4 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $274.5M | 568,316 | 0.7% | 7 |
| APPLIED DIGITAL CORP | [APLD](https://holderbook.com/stocks/APLD/) | $245.9M | 5,546,030 | 0.6% | 3 |
| CEREBRAS SYSTEMS INC | [CBRS](https://holderbook.com/stocks/CBRS/) | $241.9M | 1,094,722 | 0.6% | 1 |
| CORE SCIENTIFIC INC NEW | [CORZ](https://holderbook.com/stocks/CORZ/) | $240.7M | 9,187,797 | 0.6% | 3 |
| APPLIED OPTOELECTRONICS INC | [AAOI](https://holderbook.com/stocks/AAOI/) | $240.1M | 1,595,124 | 0.6% | 2 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $224.5M | 0 | 0.6% | 2 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $206.4M | 1,905,515 | 0.5% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $201.7M | 0 | 0.5% | 2 |
| HUT 8 CORP | [HUT](https://holderbook.com/stocks/HUT/) | $192.7M | 1,440,342 | 0.5% | 5 |
| FORGENT POWER SOLUTIONS INC | [FPS](https://holderbook.com/stocks/FPS/) | $176.4M | 3,158,622 | 0.4% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $159.8M | 69,591 | 0.4% | 6 |
| ACM RESH INC | [ACMR](https://holderbook.com/stocks/ACMR/) | $133.7M | 1,053,949 | 0.3% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $132.7M | 121,597 | 0.3% | 6 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $128.8M | 319,191 | 0.3% | 12 |
| RIOT PLATFORMS INC | [RIOT](https://holderbook.com/stocks/RIOT/) | $114.5M | 3,290,544 | 0.3% | 7 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $100.8M | 589,723 | 0.3% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $95.3M | 44,433 | 0.2% | 7 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $91.9M | 337,998 | 0.2% | 1 |
| BITDEER TECHNOLOGIES GROUP | [BTDR](https://holderbook.com/stocks/BTDR/) | $82.6M | 5,203,764 | 0.2% | 5 |
| FERVO ENERGY CO | [FRVO](https://holderbook.com/stocks/FRVO/) | $63.2M | 2,160,607 | 0.2% | 1 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $61.6M | 73,360 | 0.2% | 2 |
| LEGENCE CORP | [LGN](https://holderbook.com/stocks/LGN/) | $59.0M | 692,150 | 0.1% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $56.2M | 124 | 0.1% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $55.2M | 0 | 0.1% | 6 |
| INNIO NV | [INIO](https://holderbook.com/stocks/INIO/) | $53.6M | 1,355,362 | 0.1% | 1 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $33.8M | 0 | 0.1% | 4 |
| BABCOCK & WILCOX ENTERPRISES | [BW](https://holderbook.com/stocks/BW/) | $33.7M | 2,238,024 | 0.1% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $31.4M | 0 | 0.1% | 5 |
| KEEL INFRASTRUCTURE CORP | [KEEL](https://holderbook.com/stocks/KEEL/) | $30.3M | 5,154,360 | 0.1% | 1 |
| TRANSALTA CORP | [TAC](https://holderbook.com/stocks/TAC/) | $29.6M | 2,139,907 | 0.1% | 2 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $25.3M | 0 | 0.1% | 7 |
| EROCK INC | [EROC](https://holderbook.com/stocks/EROC/) | $19.5M | 1,345,920 | 0.0% | 1 |
| BKV CORP | [BKV](https://holderbook.com/stocks/BKV/) | $18.6M | 679,899 | 0.0% | 4 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $17.1M | 0 | 0.0% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $16.0M | 0 | 0.0% | 5 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $15.3M | 0 | 0.0% | 5 |
| FERMI INC | [FRMI](https://holderbook.com/stocks/FRMI/) | $12.5M | 1,367,995 | 0.0% | 1 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $10.2M | 0 | 0.0% | 2 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $6.8M | 17,716 | 0.0% | 6 |
| HALLADOR ENERGY COMPANY | [HNRG](https://holderbook.com/stocks/HNRG/) | $5.6M | 320,759 | 0.0% | 5 |
| TSS INC DEL | [TSSI](https://holderbook.com/stocks/TSSI/) | $3.2M | 261,498 | 0.0% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 4,785 | 0.0% | 9 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $452.8K | 0 | 0.0% | 7 |
| GITLAB INC | [GTLB](https://holderbook.com/stocks/GTLB/) | $238.1K | 0 | 0.0% | 1 |
| LIBERTY ENERGY INC | [LBRT](https://holderbook.com/stocks/LBRT/) | $217.4K | 0 | 0.0% | 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 2025 | +63.2% | +10.5% | +52.7% | 90% |
| Q1 2025 | -23.5% | -4.6% | -19.0% | 98% |
| Q4 2024 | +2.0% | +2.1% | -0.1% | 99% |
| Q3 2024 | -8.9% | +5.4% | -14.3% | 100% |
| Q2 2024 | +1.1% | +4.0% | -2.9% | 100% |
| Q1 2024 | +27.7% | +10.0% | +17.7% | 100% |
| Q4 2023 | +24.5% | +11.2% | +13.3% | 100% |
| Q3 2023 | -0.1% | -3.6% | +3.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $40.1B | 72 |
| Q1 2026 | $20.7B | 61 |
| Q4 2025 | $9.9B | 53 |
| Q3 2025 | $8.2B | 50 |
| Q2 2025 | $4.7B | 43 |
| Q1 2025 | $1.4B | 34 |
| Q4 2024 | $365.8M | 27 |
| Q3 2024 | $384.9M | 21 |
| Q2 2024 | $456.6M | 20 |
| Q1 2024 | $507.0M | 19 |
| Q4 2023 | $395.7M | 19 |
| Q3 2023 | $317.4M | 19 |