Ariose Capital Management Ltd Quant / Systematic

Location: Central, Hong Kong, Hong Kong

CIK: 0001665925 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 27, 2026

Total Value: $234M (100.0% shares, 0.0% debt)

Holdings (19)

New Positions (15)

SNDK SANDISK CORP 22.1%

Value $51.84M Shares 22,800 Est. Cost $2273.73 Unrealized —

AMD ADVANCED MICRO DEVICES INC 9.9%

Value $23.24M Shares 40,007 Est. Cost $580.91 Unrealized —

MRVL MARVELL TECHNOLOGY INC 9.5%

Value $22.16M Shares 74,400 Est. Cost $297.89 Unrealized —

SOXX ISHARES TR 7.1%

Value $16.74M Shares 26,127 Est. Cost $640.76 Unrealized —

BWXT BWX TECHNOLOGIES INC 6.0%

Value $13.93M Shares 71,580 Est. Cost $194.65 Unrealized —

AMAT APPLIED MATLS INC 4.4%

Value $10.27M Shares 14,200 Est. Cost $723.00 Unrealized —

BIDU BAIDU INC 4.1%

Value $9.589M Shares 83,900 Est. Cost $114.29 Unrealized —

STM STMICROELECTRONICS N V 3.2%

Value $7.552M Shares 100,835 Est. Cost $74.89 Unrealized —

VECO VEECO INSTRS INC DEL 3.1%

Value $7.25M Shares 95,647 Est. Cost $75.80 Unrealized —

POWI POWER INTEGRATIONS INC 2.4%

Value $5.577M Shares 66,578 Est. Cost $83.76 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 2.3%

Value $5.444M Shares 11,400 Est. Cost $477.57 Unrealized —

NVTS NAVITAS SEMICONDUCTOR CORP 2.1%

Value $5.028M Shares 280,582 Est. Cost $17.92 Unrealized —

VIAV VIAVI SOLUTIONS INC 2.1%

Value $5.023M Shares 105,187 Est. Cost $47.75 Unrealized —

SMTC SEMTECH CORP 2.0%

Value $4.692M Shares 28,991 Est. Cost $161.85 Unrealized —

INTC INTEL CORP 0.4%

Value $1.053M Shares 7,542 Est. Cost $139.63 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SNDK	SANDISK CORP	22,800	$51.84M	22.1%	$2273.73	—	COM	80004C200
AMD	ADVANCED MICRO DEVICES INC	40,007	$23.24M	9.9%	$580.91	—	COM	007903107
MRVL	MARVELL TECHNOLOGY INC	74,400	$22.16M	9.5%	$297.89	—	COM	573874104
SOXX	ISHARES TR	26,127	$16.74M	7.1%	$640.76	—	ISHARES SEMICDTR	464287523
BWXT	BWX TECHNOLOGIES INC	71,580	$13.93M	6.0%	$194.65	—	COM	05605H100
AMAT	APPLIED MATLS INC	14,200	$10.27M	4.4%	$723.00	—	COM	038222105
BIDU	BAIDU INC	83,900	$9.589M	4.1%	$114.29	—	SPON ADR REP A	056752108
STM	STMICROELECTRONICS N V	100,835	$7.552M	3.2%	$74.89	—	NY REGISTRY	861012102
VECO	VEECO INSTRS INC DEL	95,647	$7.25M	3.1%	$75.80	—	COM	922417100
POWI	POWER INTEGRATIONS INC	66,578	$5.577M	2.4%	$83.76	—	COM	739276103
TSM	TAIWAN SEMICONDUCTOR MANUFAC	11,400	$5.444M	2.3%	$477.57	—	SPONSORED ADS	874039100
NVTS	NAVITAS SEMICONDUCTOR CORP	280,582	$5.028M	2.1%	$17.92	—	COM	63942X106
VIAV	VIAVI SOLUTIONS INC	105,187	$5.023M	2.1%	$47.75	—	COM	925550105
SMTC	SEMTECH CORP	28,991	$4.692M	2.0%	$161.85	—	COM	816850101
INTC	INTEL CORP	7,542	$1.053M	0.4%	$139.63	—	COM	458140100

Increased Positions (1)

DQ DAQO NEW ENERGY CORP 5.5%

Value $12.77M (+31.4%) Shares 953,974 (+108.7%) Est. Cost $20.05 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DQ	DAQO NEW ENERGY CORP	953,974 (+108.7%)	$12.77M (+31.4%)	5.5%	$20.05	—	SPNSRD ADS NEW	23703Q203

Exited Positions (11)

AXTI AXT INC 16.7%

Value $39.06M Shares 685,524 Est. Cost $22.70 Unrealized —

GLW CORNING INC 7.4%

Value $17.23M Shares 126,729 Est. Cost $111.68 Unrealized —

VICR VICOR CORP 5.0%

Value $11.72M Shares 72,788 Est. Cost $157.11 Unrealized —

AAOI APPLIED OPTOELECTRONICS INC 3.8%

Value $8.797M Shares 104,000 Est. Cost $41.81 Unrealized —

NOK NOKIA CORP 2.1%

Value $4.809M Shares 598,086 Est. Cost $8.04 Unrealized —

CCJ CAMECO CORP 1.6%

Value $3.743M Shares 34,460 Est. Cost $116.28 Unrealized —

URA GLOBAL X FDS 1.6%

Value $3.724M Shares 76,900 Est. Cost $48.43 Unrealized —

LITE LUMENTUM HLDGS INC 0.8%

Value $1.956M Shares 2,784 Est. Cost $467.14 Unrealized —

URNM SPROTT FDS TR 0.8%

Value $1.834M Shares 29,040 Est. Cost $63.15 Unrealized —

NVDA NVIDIA CORPORATION 0.6%

Value $1.465M Shares 8,400 Est. Cost $162.36 Unrealized —

YALA YALLA GROUP LTD 0.3%

Value $685K Shares 109,934 Est. Cost $6.76 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AXTI	AXT INC	685,524	$39.06M	16.7%	$22.70	—	—	00246W103
GLW	CORNING INC	126,729	$17.23M	7.4%	$111.68	—	—	219350105
VICR	VICOR CORP	72,788	$11.72M	5.0%	$157.11	—	—	925815102
AAOI	APPLIED OPTOELECTRONICS INC	104,000	$8.797M	3.8%	$41.81	—	—	03823U102
NOK	NOKIA CORP	598,086	$4.809M	2.1%	$8.04	—	—	654902204
CCJ	CAMECO CORP	34,460	$3.743M	1.6%	$116.28	—	—	13321L108
URA	GLOBAL X FDS	76,900	$3.724M	1.6%	$48.43	—	—	37954Y871
LITE	LUMENTUM HLDGS INC	2,784	$1.956M	0.8%	$467.14	—	—	55024U109
URNM	SPROTT FDS TR	29,040	$1.834M	0.8%	$63.15	—	—	85208P303
NVDA	NVIDIA CORPORATION	8,400	$1.465M	0.6%	$162.36	—	—	67066G104
YALA	YALLA GROUP LTD	109,934	$685K	0.3%	$6.76	—	—	98459U103

Decreased Positions (2)

STX SEAGATE TECHNOLOGY HLDNGS PL 11.4%

Value $26.65M (-29.6%) Shares 27,616 (-71.4%) Est. Cost $376.45 Unrealized —

JOYY JOYY INC 0.6%

Value $1.408M (-43.5%) Shares 21,338 (-50.0%) Est. Cost $57.18 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STX	SEAGATE TECHNOLOGY HLDNGS PL	27,616 (-71.4%)	$26.65M (-29.6%)	11.4%	$376.45	—	ORD SHS	G7997R103
JOYY	JOYY INC	21,338 (-50.0%)	$1.408M (-43.5%)	0.6%	$57.18	—	ADS REPSTG COM A	46591M109

Unchanged Positions (1)

SGML SIGMA LITHIUM CORPORATION 1.7%

Value $3.922M Shares 310,076 Est. Cost $13.45 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SGML	SIGMA LITHIUM CORPORATION	310,076	$3.922M	1.7%	$13.45	—	COM	826599102