Q2 2026 13F · SEC CIK 1933952
AI-Squared Management Ltd
Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $187.5M
- Reported positions
- 19
- Top holdings a year, 3 yrs
- +42.0%
- Average holding period
- 3 qtrs
AI-Squared Management Ltd is a hedge fund that reported 19 positions worth $187.5M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Pdd Holdings Inc (PDD, 13.3%), Baidu Inc (BIDU, 9.5%), Sandisk Corp (SNDK, 9.0%). A portfolio copying its top holdings returned 42.0% a year over the last 3 years, against 18.8% for the S&P 500.
AI-Squared Management Ltd holdings all 19 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| PDDPdd Holdings Inc | 13.3% | — | $25.0M |
| BIDUBaidu Inc | 9.5% | +142.1% | $17.9M |
| SNDKSandisk Corp | 9.0% | -65.0% | $16.8M |
| STAAStaar Surgical Co | 8.3% | +102.3% | $15.6M |
| JDJd.com Inc | 6.9% | — | $13.0M |
| BABAAlibaba Group Hldg Ltd | 6.8% | +2219.9% | $12.7M |
| QCOMQualcomm Inc | 5.7% | — | $10.7M |
| ATATAtour Lifestyle Hldgs Ltd | 5.1% | +2.1% | $9.6M |
| NBISNebius Group N.v. | 4.9% | — | $9.2M |
| TSMTaiwan Semiconductor Manufac | 4.5% | +32.8% | $8.5M |
| VNETVnet Group Inc | 4.4% | +67.1% | $8.3M |
| CRWVCoreweave Inc | 3.7% | — | $6.9M |
| NVDANvidia Corporation | 3.6% | -13.9% | $6.8M |
| MUMicron Technology Inc | 3.3% | -85.8% | $6.1M |
| CBRSCerebras Systems Inc | 3.2% | — | $5.9M |
| NOKNokia Corp | 2.9% | — | $5.5M |
| AMDAdvanced Micro Devices Inc | 2.4% | -86.4% | $4.4M |
| TCOMTrip Com Group Ltd | 2.2% | +7.4% | $4.1M |
| CRCLCircle Internet Group Inc | 0.2% | — | $463K |
What AI-Squared Management Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- PDD Pdd Holdings Inc13.3% of 13F
- JD Jd.com Inc6.9% of 13F
- QCOM Qualcomm Inc5.7% of 13F
- NBIS Nebius Group N.v.4.9% of 13F
- CRWV Coreweave Inc3.7% of 13F
- CBRS Cerebras Systems Inc3.2% of 13F
- NOK Nokia Corp2.9% of 13F
- CRCL Circle Internet Group Inc0.2% of 13F
Added to
- BABA Alibaba Group Hldg Ltd+2219.9% shares
- BIDU Baidu Inc+142.1% shares
- STAA Staar Surgical Co+102.3% shares
- VNET Vnet Group Inc+67.1% shares
- TSM Taiwan Semiconductor Manufac+32.8% shares
- TCOM Trip Com Group Ltd+7.4% shares
Reduced
- AMD Advanced Micro Devices Inc-86.4% shares
- MU Micron Technology Inc-85.8% shares
- SNDK Sandisk Corp-65.0% shares
- NVDA Nvidia Corporation-13.9% shares
Sold out
- LITE Lumentum Hldgs Incwas 18.6%
- DOCN Digitalocean Hldgs Incwas 5.1%
- FUTU Futu Holdings Ltdwas 3.4%
- TER Teradyne Incwas 3.3%
- GDS Gds Hldgs Ltdwas 3.1%
- RMBS Rambus Inc Delwas 3.1%
- META Meta Platforms Incwas 1.7%
- SNPS Synopsys Incwas 1.7%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +74.2% /yr
- S&P 500 +20.1%
- 3 years
- +42.0% /yr
- S&P 500 +18.8%
- 5 years
- —
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $187.5M | 19 |
| Q1 2026 | $137.4M | 19 |
| Q4 2025 | $86.1M | 18 |
| Q3 2025 | $96.0M | 20 |
| Q2 2025 | $22.2M | 6 |
| Q1 2025 | $76.4M | 15 |
| Q4 2024 | $98.1M | 20 |
| Q3 2024 | $86.9M | 23 |
| Q2 2024 | $109.6M | 23 |
| Q1 2024 | $108.6M | 17 |
| Q4 2023 | $78.5M | 16 |
Questions about AI-Squared Management Ltd's portfolio
What stocks does AI-Squared Management Ltd own?
AI-Squared Management Ltd's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 19 positions worth $187.5M. The largest are Pdd Holdings Inc (PDD) at 13.3%, Baidu Inc (BIDU) at 9.5%, Sandisk Corp (SNDK) at 9.0%, Staar Surgical Co (STAA) at 8.3% and Jd.com Inc (JD) at 6.9%.
What did AI-Squared Management Ltd buy last quarter?
In Q2 2026, AI-Squared Management Ltd added a new position in Pdd Holdings Inc (PDD), a new position in Jd.com Inc (JD), a new position in Qualcomm Inc (QCOM), a new position in Nebius Group N.v. (NBIS), a new position in Coreweave Inc (CRWV), Alibaba Group Hldg Ltd (BABA) (+2219.9% shares), Baidu Inc (BIDU) (+142.1% shares) and Staar Surgical Co (STAA) (+102.3% shares), compared with its Q1 2026 filing.
What did AI-Squared Management Ltd sell last quarter?
In Q2 2026, AI-Squared Management Ltd sold all of Lumentum Hldgs Inc (LITE), sold all of Digitalocean Hldgs Inc (DOCN), sold all of Futu Holdings Ltd (FUTU), sold all of Teradyne Inc (TER), sold all of Gds Hldgs Ltd (GDS), Advanced Micro Devices Inc (AMD) (-86.4% shares), Micron Technology Inc (MU) (-85.8% shares) and Sandisk Corp (SNDK) (-65.0% shares), compared with its Q1 2026 filing.
How has AI-Squared Management Ltd's portfolio performed?
A portfolio copying AI-Squared Management Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +42.0% a year over the last 3 years, against +18.8% for the S&P 500. Over 1 year: +74.2% against +20.1%.
When is AI-Squared Management Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. AI-Squared Management Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.