# PIAR LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2054677. Source: https://holderbook.com/funds/2054677-piar-llc/

- Reported value: $174.0M
- Positions: 92
- Weight of the ten largest: 44.8%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $15.4M | 13,380 | 8.9% | 3 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $10.1M | 33,527 | 5.8% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $10.1M | 50,517 | 5.8% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.6M | 22,711 | 3.8% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.6M | 27,505 | 3.8% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.5M | 11,520 | 3.7% | 7 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $5.8M | 6,710 | 3.3% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $5.7M | 7,525 | 3.3% | 7 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $5.6M | 10,910 | 3.2% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $5.5M | 13,125 | 3.2% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.0M | 13,150 | 2.9% | 7 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $5.0M | 2,500 | 2.8% | 4 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $4.4M | 6,920 | 2.5% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $4.1M | 12,105 | 2.3% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.9M | 55,009 | 2.3% | 7 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $3.7M | 6,550 | 2.1% | 7 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $3.4M | 7,500 | 2.0% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.3M | 9,272 | 1.9% | 7 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $3.1M | 11,060 | 1.8% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.7M | 7,670 | 1.6% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.6M | 4,422 | 1.5% | 7 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $2.5M | 2,980 | 1.4% | 4 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $2.4M | 6,700 | 1.4% | 4 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $2.4M | 0 | 1.4% | 4 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $2.1M | 8,100 | 1.2% | 1 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $2.0M | 17,255 | 1.2% | 7 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $1.8M | 18,313 | 1.1% | 4 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.8M | 4,040 | 1.0% | 7 |
| ARGAN INC | [AGX](https://holderbook.com/stocks/AGX/) | $1.6M | 1,990 | 0.9% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.6M | 4,213 | 0.9% | 7 |
| SOLARIS ENERGY INFRAS INC | [SEI](https://holderbook.com/stocks/SEI/) | $1.6M | 19,450 | 0.9% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.4M | 1,990 | 0.8% | 7 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $1.4M | 0 | 0.8% | 1 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.3M | 13,310 | 0.8% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.3M | 2,560 | 0.8% | 7 |
| CARVANA CO | [CVNA](https://holderbook.com/stocks/CVNA/) | $1.3M | 19,650 | 0.7% | 7 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.2M | 4,050 | 0.7% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.2M | 2,500 | 0.7% | 7 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $1.2M | 0 | 0.7% | 3 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.1M | 0 | 0.6% | 1 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $1.1M | 980 | 0.6% | 7 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $1.1M | 22,075 | 0.6% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $991.3K | 0 | 0.6% | 1 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $933.3K | 0 | 0.5% | 2 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $894.1K | 3,600 | 0.5% | 4 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $795.4K | 2,000 | 0.5% | 7 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $745.4K | 0 | 0.4% | 3 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $738.9K | 8,500 | 0.4% | 4 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $736.5K | 16,105 | 0.4% | 3 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $709.4K | 0 | 0.4% | 4 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $682.1K | 300 | 0.4% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $663.3K | 553 | 0.4% | 7 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $625.5K | 2,300 | 0.4% | 1 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $592.6K | 3,325 | 0.3% | 7 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $548.9K | 3,460 | 0.3% | 6 |
| ROBINHOOD VENTURES FD I | [RVI](https://holderbook.com/stocks/RVI/) | $548.6K | 16,736 | 0.3% | 1 |
| APPLIED OPTOELECTRONICS INC | [AAOI](https://holderbook.com/stocks/AAOI/) | $548.2K | 3,700 | 0.3% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $527.8K | 0 | 0.3% | 3 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $519.6K | 5,220 | 0.3% | 2 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $470.0K | 340 | 0.3% | 4 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $447.4K | 1,200 | 0.3% | 1 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $420.1K | 2,473 | 0.2% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $415.6K | 1,000 | 0.2% | 1 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $414.8K | 1,630 | 0.2% | 7 |
| FABRINET | [FN](https://holderbook.com/stocks/FN/) | $410.4K | 0 | 0.2% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $387.9K | 1,100 | 0.2% | 7 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $386.7K | 2,280 | 0.2% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $381.9K | 1,120 | 0.2% | 1 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $369.4K | 3,235 | 0.2% | 7 |
| MEDPACE HLDGS INC | [MEDP](https://holderbook.com/stocks/MEDP/) | $323.1K | 610 | 0.2% | 7 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $306.3K | 710 | 0.2% | 1 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $295.0K | 0 | 0.2% | 1 |
| SOLARIS ENERGY INFRAS INC | [SEI](https://holderbook.com/stocks/SEI/) | $293.9K | 0 | 0.2% | 3 |
| ENLIGHT RENEWABLE ENERGY LTD | [ENLT](https://holderbook.com/stocks/ENLT/) | $287.1K | 0 | 0.2% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $281.4K | 1,920 | 0.2% | 1 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $279.8K | 0 | 0.2% | 1 |
| BLACKBERRY LTD | [BB](https://holderbook.com/stocks/BB/) | $264.3K | 0 | 0.2% | 1 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $245.3K | 500 | 0.1% | 1 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $244.7K | 940 | 0.1% | 1 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $244.2K | 0 | 0.1% | 2 |
| D-WAVE QUANTUM INC | [QBTS](https://holderbook.com/stocks/QBTS/) | $241.1K | 10,052 | 0.1% | 4 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $238.3K | 600 | 0.1% | 1 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $233.9K | 600 | 0.1% | 7 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $233.0K | 950 | 0.1% | 1 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $229.8K | 0 | 0.1% | 4 |
| CENTRUS ENERGY CORP | [LEU](https://holderbook.com/stocks/LEU/) | $226.6K | 1,350 | 0.1% | 4 |
| ARDAGH METAL PACKAGING S A | [AMBP](https://holderbook.com/stocks/AMBP/) | $224.5K | 47,370 | 0.1% | 1 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $214.9K | 445 | 0.1% | 2 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $205.7K | 0 | 0.1% | 1 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $204.1K | 0 | 0.1% | 1 |
| TOYO CO LTD | [TOYO](https://holderbook.com/stocks/TOYO/) | $201.7K | 29,027 | 0.1% | 1 |
| LUCID GROUP INC | [LCID](https://holderbook.com/stocks/LCID/) | $143.7K | 21,486 | 0.1% | 4 |

## 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 | +27.8% | +14.8% | +12.9% | 100% |
| Q1 2026 | -11.0% | -4.6% | -6.4% | 101% |
| Q4 2025 | -3.9% | +2.4% | -6.2% | 100% |
| Q3 2025 | +10.2% | +7.8% | +2.4% | 128% |
| Q2 2025 | +28.0% | +10.5% | +17.6% | 100% |
| Q1 2025 | -12.6% | -4.6% | -8.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $174.0M | 92 |
| Q1 2026 | $128.5M | 80 |
| Q4 2025 | $141.1M | 81 |
| Q3 2025 | $148.5M | 71 |
| Q2 2025 | $89.6M | 53 |
| Q1 2025 | $90.3M | 53 |
| Q4 2024 | $101.4M | 57 |