Ariose Capital Management Ltd Quant / Systematic

CIK: 0001665925 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 29, 2026

Total Value ($000): $298,503 (100.0% shares, 0.0% debt)

Holdings (14)

New Positions (4)

TER TERADYNE INC 10.8%

Value ($000) $32,252 Shares 166,627 Est. Cost $171.50 Unrealized 0.0%

NFLX NETFLIX INC 6.0%

Value ($000) $17,805 Shares 189,900 Est. Cost $107.81 Unrealized 0.0%

KLAC KLA CORP 5.4%

Value ($000) $16,161 Shares 13,300 Est. Cost $1171.91 Unrealized 0.0%

CAMT CAMTEK LTD 1.3%

Value ($000) $3,903 Shares 36,700 Est. Cost $112.33 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TER	TERADYNE INC	166,627	$32,252	10.8%	$171.50	0.0%	COM	880770102
NFLX	NETFLIX INC	189,900	$17,805	6.0%	$107.81	0.0%	COM	64110L106
KLAC	KLA CORP	13,300	$16,161	5.4%	$1171.91	0.0%	COM NEW	482480100
CAMT	CAMTEK LTD	36,700	$3,903	1.3%	$112.33	0.0%	ORD	M20791105

Increased Positions (6)

GOOGL ALPHABET INC 23.0%

Value ($000) $68,687 (+241.2%) Shares 218,887 (+164.8%) Est. Cost $242.89 Unrealized +17.6%

U UNITY SOFTWARE INC 13.7%

Value ($000) $40,839 (+116.3%) Shares 924,583 (+96.1%) Est. Cost $38.88 Unrealized +4.8%

NVDA NVIDIA CORPORATION 20.3%

Value ($000) $60,743 (+25.0%) Shares 325,700 (+25.0%) Est. Cost $162.36 Unrealized +14.6%

DQ DAQO NEW ENERGY CORP 4.5%

Value ($000) $13,486 (+41.6%) Shares 457,155 (+35.0%) Est. Cost $27.30 Unrealized —

SLV ISHARES SILVER TR 3.2%

Value ($000) $9,418 (+64.8%) Shares 146,200 (+8.4%) Est. Cost $35.25 Unrealized —

JOYY JOYY INC 8.2%

Value ($000) $24,598 (+13.3%) Shares 379,837 (+2.5%) Est. Cost $57.18 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	218,887 (+164.8%)	$68,687 (+241.2%)	23.0%	$242.89	+17.6%	CAP STK CL A	02079K305
U	UNITY SOFTWARE INC	924,583 (+96.1%)	$40,839 (+116.3%)	13.7%	$38.88	+4.8%	COM	91332U101
NVDA	NVIDIA CORPORATION	325,700 (+25.0%)	$60,743 (+25.0%)	20.3%	$162.36	+14.6%	COM	67066G104
DQ	DAQO NEW ENERGY CORP	457,155 (+35.0%)	$13,486 (+41.6%)	4.5%	$27.30	—	SPNSRD ADS NEW	23703Q203
SLV	ISHARES SILVER TR	146,200 (+8.4%)	$9,418 (+64.8%)	3.2%	$35.25	—	ISHARES	46428Q109
JOYY	JOYY INC	379,837 (+2.5%)	$24,598 (+13.3%)	8.2%	$57.18	—	ADS REPSTG COM A	46591M109

Exited Positions (25)

COHR COHERENT CORP 6.5%

Value ($000) $19,422 Shares 180,305 Est. Cost $99.69 Unrealized +50.0%

IBIT ISHARES BITCOIN TRUST ETF 6.2%

Value ($000) $18,579 Shares 285,825 Est. Cost $65.00 Unrealized —

BABA ALIBABA GROUP HLDG LTD 5.9%

Value ($000) $17,726 Shares 99,175 Est. Cost $178.73 Unrealized —

LITE LUMENTUM HLDGS INC 5.3%

Value ($000) $15,882 Shares 97,609 Est. Cost $124.70 Unrealized +106.0%

SHOP SHOPIFY INC 4.3%

Value ($000) $12,957 Shares 87,200 Est. Cost $135.57 Unrealized +18.4%

PYPL PAYPAL HLDGS INC 4.3%

Value ($000) $12,949 Shares 193,100 Est. Cost $69.88 Unrealized -7.2%

AMZN AMAZON COM INC 4.3%

Value ($000) $12,847 Shares 58,512 Est. Cost $226.35 Unrealized +1.1%

IQ IQIYI INC 3.1%

Value ($000) $9,344 Shares 3,649,847 Est. Cost $2.56 Unrealized —

FINV FINVOLUTION GROUP 1.9%

Value ($000) $5,756 Shares 780,955 Est. Cost $7.37 Unrealized —

HOOD ROBINHOOD MKTS INC 1.9%

Value ($000) $5,684 Shares 39,700 Est. Cost $109.05 Unrealized +19.3%

VOR VOR BIOPHARMA INC 1.8%

Value ($000) $5,368 Shares 110,173 Est. Cost $40.21 Unrealized -53.7%

SITM SITIME CORP 1.0%

Value ($000) $2,974 Shares 9,871 Est. Cost $231.82 Unrealized +35.0%

WRD WERIDE INC 0.9%

Value ($000) $2,569 Shares 259,514 Est. Cost $9.90 Unrealized —

BMNR BITMINE IMMERSION TECNOLOGIE 0.8%

Value ($000) $2,333 Shares 44,927 Est. Cost $50.65 Unrealized -20.0%

BE BLOOM ENERGY CORP 0.7%

Value ($000) $2,102 Shares 24,850 Est. Cost $46.44 Unrealized +126.3%

NU NU HLDGS LTD 0.6%

Value ($000) $1,812 Shares 113,200 Est. Cost $13.95 Unrealized +15.2%

UNH UNITEDHEALTH GROUP INC 0.5%

Value ($000) $1,381 Shares 4,000 Est. Cost $298.94 Unrealized +12.8%

ZEPP ZEPP HEALTH CORPORATION 0.4%

Value ($000) $1,269 Shares 27,717 Est. Cost $45.78 Unrealized —

TEM TEMPUS AI INC 0.4%

Value ($000) $1,217 Shares 15,073 Est. Cost $70.04 Unrealized +11.7%

HMY HARMONY GOLD MINING CO LTD 0.4%

Value ($000) $1,182 Shares 65,103 Est. Cost $18.15 Unrealized —

RBLX ROBLOX CORP 0.4%

Value ($000) $1,177 Shares 8,500 Est. Cost $124.28 Unrealized -14.6%

APP APPLOVIN CORP 0.4%

Value ($000) $1,078 Shares 1,500 Est. Cost $461.14 Unrealized +36.6%

INTC INTEL CORP 0.4%

Value ($000) $1,070 Shares 31,900 Est. Cost $20.72 Unrealized +82.2%

OKLO OKLO INC 0.3%

Value ($000) $930 Shares 8,329 Est. Cost $78.30 Unrealized +42.4%

TTMI TTM TECHNOLOGIES INC 0.1%

Value ($000) $374 Shares 6,500 Est. Cost $46.47 Unrealized +40.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COHR	COHERENT CORP	180,305	$19,422	6.5%	$99.69	+50.0%	—	19247G107
IBIT	ISHARES BITCOIN TRUST ETF	285,825	$18,579	6.2%	$65.00	—	—	46438F101
BABA	ALIBABA GROUP HLDG LTD	99,175	$17,726	5.9%	$178.73	—	—	01609W102
LITE	LUMENTUM HLDGS INC	97,609	$15,882	5.3%	$124.70	+106.0%	—	55024U109
SHOP	SHOPIFY INC	87,200	$12,957	4.3%	$135.57	+18.4%	—	82509L107
PYPL	PAYPAL HLDGS INC	193,100	$12,949	4.3%	$69.88	-7.2%	—	70450Y103
AMZN	AMAZON COM INC	58,512	$12,847	4.3%	$226.35	+1.1%	—	023135106
IQ	IQIYI INC	3,649,847	$9,344	3.1%	$2.56	—	—	46267X108
FINV	FINVOLUTION GROUP	780,955	$5,756	1.9%	$7.37	—	—	31810T101
HOOD	ROBINHOOD MKTS INC	39,700	$5,684	1.9%	$109.05	+19.3%	—	770700102
VOR	VOR BIOPHARMA INC	110,173	$5,368	1.8%	$40.21	-53.7%	—	929033207
SITM	SITIME CORP	9,871	$2,974	1.0%	$231.82	+35.0%	—	82982T106
WRD	WERIDE INC	259,514	$2,569	0.9%	$9.90	—	—	950915108
BMNR	BITMINE IMMERSION TECNOLOGIE	44,927	$2,333	0.8%	$50.65	-20.0%	—	09175A206
BE	BLOOM ENERGY CORP	24,850	$2,102	0.7%	$46.44	+126.3%	—	093712107
NU	NU HLDGS LTD	113,200	$1,812	0.6%	$13.95	+15.2%	—	G6683N103
UNH	UNITEDHEALTH GROUP INC	4,000	$1,381	0.5%	$298.94	+12.8%	—	91324P102
ZEPP	ZEPP HEALTH CORPORATION	27,717	$1,269	0.4%	$45.78	—	—	98945L204
TEM	TEMPUS AI INC	15,073	$1,217	0.4%	$70.04	+11.7%	—	88023B103
HMY	HARMONY GOLD MINING CO LTD	65,103	$1,182	0.4%	$18.15	—	—	413216300
RBLX	ROBLOX CORP	8,500	$1,177	0.4%	$124.28	-14.6%	—	771049103
APP	APPLOVIN CORP	1,500	$1,078	0.4%	$461.14	+36.6%	—	03831W108
INTC	INTEL CORP	31,900	$1,070	0.4%	$20.72	+82.2%	—	458140100
OKLO	OKLO INC	8,329	$930	0.3%	$78.30	+42.4%	—	02156V109
TTMI	TTM TECHNOLOGIES INC	6,500	$374	0.1%	$46.47	+40.4%	—	87305R109

Decreased Positions (3)

YALA YALLA GROUP LTD 0.3%

Value ($000) $763 (-82.6%) Shares 109,934 (-81.1%) Est. Cost $6.76 Unrealized —

NBP NOVABRIDGE BIOSCIENCES 1.8%

Value ($000) $5,427 (-15.8%) Shares 1,363,515 (-20.0%) Est. Cost $3.70 Unrealized —

MLI MUELLER INDS INC 1.3%

Value ($000) $3,813 (-2.3%) Shares 33,212 (-14.0%) Est. Cost $91.43 Unrealized +17.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
YALA	YALLA GROUP LTD	109,934 (-81.1%)	$763 (-82.6%)	0.3%	$6.76	—	ADS	98459U103
NBP	NOVABRIDGE BIOSCIENCES	1,363,515 (-20.0%)	$5,427 (-15.8%)	1.8%	$3.70	—	SPONSORED ADS	44975P103
MLI	MUELLER INDS INC	33,212 (-14.0%)	$3,813 (-2.3%)	1.3%	$91.43	+17.4%	COM	624756102

Unchanged Positions (1)

QFIN QFIN HOLDINGS INC 0.2%

Value ($000) $608 Shares 31,574 Est. Cost $28.78 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QFIN	QFIN HOLDINGS INC	31,574	$608	0.2%	$28.78	—	AMERICAN DEP	88557W101