Andar Capital Management HK Ltd Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LITE	LUMENTUM HLDGS INC	11,733	$4,325	4.7%	$256.82	0.0%	COM	55024U109
AEIS	ADVANCED ENERGY INDS	18,950	$3,968	4.3%	$203.45	0.0%	COM	007973100
VICR	VICOR CORP	32,000	$3,507	3.8%	$85.01	0.0%	COM	925815102
AMKR	AMKOR TECHNOLOGY INC	70,395	$2,779	3.0%	$35.54	0.0%	COM	031652100
MNDY	MONDAY COM LTD	15,343	$2,264	2.4%	$168.41	0.0%	SHS	M7S64H106
BWXT	BWX TECHNOLOGIES INC	7,220	$1,248	1.3%	$187.42	0.0%	COM	05605H100
NOW	SERVICENOW INC	5,415	$830	0.9%	$171.54	0.0%	COM	81762P102
VRT	VERTIV HOLDINGS CO	4,500	$729	0.8%	$173.58	0.0%	COM CL A	92537N108

Increased Positions (2)

TSEM TOWER SEMICONDUCTOR LTD 11.4%

Value ($000) $10,597 (+249.0%) Shares 90,250 (+114.9%) Est. Cost $76.91 Unrealized +25.2%

SMTC SEMTECH CORP 15.1%

Value ($000) $13,966 (+95.5%) Shares 189,525 (+89.5%) Est. Cost $52.29 Unrealized +35.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSEM	TOWER SEMICONDUCTOR LTD	90,250 (+114.9%)	$10,597 (+249.0%)	11.4%	$76.91	+25.2%	SHS NEW	M87915274
SMTC	SEMTECH CORP	189,525 (+89.5%)	$13,966 (+95.5%)	15.1%	$52.29	+35.7%	COM	816850101

Exited Positions (13)

IBIT ISHARES BITCOIN TRUST ETF 8.3%

Value ($000) $7,670 Shares 118,000 Est. Cost $56.69 Unrealized —

ANET ARISTA NETWORKS INC 7.5%

Value ($000) $6,994 Shares 48,000 Est. Cost $106.99 Unrealized +28.7%

SNPS SYNOPSYS INC 3.2%

Value ($000) $2,960 Shares 6,000 Est. Cost $565.30 Unrealized -21.4%

COHR COHERENT CORP 3.0%

Value ($000) $2,801 Shares 26,000 Est. Cost $71.97 Unrealized +107.8%

RDW REDWIRE CORPORATION 2.9%

Value ($000) $2,697 Shares 300,000 Est. Cost $12.45 Unrealized -41.1%

ON ON SEMICONDUCTOR CORP 2.7%

Value ($000) $2,466 Shares 50,000 Est. Cost $52.63 Unrealized -2.5%

CLS CELESTICA INC 2.7%

Value ($000) $2,464 Shares 10,000 Est. Cost $106.09 Unrealized +184.1%

AMZN AMAZON COM INC 2.4%

Value ($000) $2,196 Shares 10,000 Est. Cost $226.35 Unrealized +1.1%

SMR NUSCALE PWR CORP 2.3%

Value ($000) $2,160 Shares 60,000 Est. Cost $39.85 Unrealized -28.2%

FLNC FLUENCE ENERGY INC 2.3%

Value ($000) $2,160 Shares 200,000 Est. Cost $8.36 Unrealized +125.5%

ALAB ASTERA LABS INC 2.1%

Value ($000) $1,958 Shares 10,000 Est. Cost $79.01 Unrealized +111.7%

GRAB GRAB HOLDINGS LIMITED 1.6%

Value ($000) $1,445 Shares 240,000 Est. Cost $5.31 Unrealized +4.1%

WOLF WOLFSPEED INC 0.1%

Value ($000) $48 Shares 1,670 Est. Cost $25.35 Unrealized -9.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBIT	ISHARES BITCOIN TRUST ETF	118,000	$7,670	8.3%	$56.69	—	—	46438F101
ANET	ARISTA NETWORKS INC	48,000	$6,994	7.5%	$106.99	+28.7%	—	040413205
SNPS	SYNOPSYS INC	6,000	$2,960	3.2%	$565.30	-21.4%	—	871607107
COHR	COHERENT CORP	26,000	$2,801	3.0%	$71.97	+107.8%	—	19247G107
RDW	REDWIRE CORPORATION	300,000	$2,697	2.9%	$12.45	-41.1%	—	75776W103
ON	ON SEMICONDUCTOR CORP	50,000	$2,466	2.7%	$52.63	-2.5%	—	682189105
CLS	CELESTICA INC	10,000	$2,464	2.7%	$106.09	+184.1%	—	15101Q207
AMZN	AMAZON COM INC	10,000	$2,196	2.4%	$226.35	+1.1%	—	023135106
SMR	NUSCALE PWR CORP	60,000	$2,160	2.3%	$39.85	-28.2%	—	67079K100
FLNC	FLUENCE ENERGY INC	200,000	$2,160	2.3%	$8.36	+125.5%	—	34379V103
ALAB	ASTERA LABS INC	10,000	$1,958	2.1%	$79.01	+111.7%	—	04626A103
GRAB	GRAB HOLDINGS LIMITED	240,000	$1,445	1.6%	$5.31	+4.1%	—	G4124C109
WOLF	WOLFSPEED INC	1,670	$48	0.1%	$25.35	-9.5%	—	97785W106

Decreased Positions (4)

TER TERADYNE INC 7.5%

Value ($000) $6,988 (-33.2%) Shares 36,100 (-52.5%) Est. Cost $85.88 Unrealized +99.7%

ONTO ONTO INNOVATION INC 14.7%

Value ($000) $13,677 (-3.8%) Shares 86,640 (-21.2%) Est. Cost $107.03 Unrealized +32.7%

CRDO CREDO TECHNOLOGY GROUP HOLDI 15.5%

Value ($000) $14,389 (-3.1%) Shares 100,000 (-2.0%) Est. Cost $32.17 Unrealized +378.0%

FN FABRINET 3.1%

Value ($000) $2,876 (-6.1%) Shares 6,318 (-24.8%) Est. Cost $329.28 Unrealized +32.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TER	TERADYNE INC	36,100 (-52.5%)	$6,988 (-33.2%)	7.5%	$85.88	+99.7%	COM	880770102
ONTO	ONTO INNOVATION INC	86,640 (-21.2%)	$13,677 (-3.8%)	14.7%	$107.03	+32.7%	COM	683344105
CRDO	CREDO TECHNOLOGY GROUP HOLDI	100,000 (-2.0%)	$14,389 (-3.1%)	15.5%	$32.17	+378.0%	ORDINARY SHARES	G25457105
FN	FABRINET	6,318 (-24.8%)	$2,876 (-6.1%)	3.1%	$329.28	+32.1%	SHS	G3323L100

Unchanged Positions (1)

AMD ADVANCED MICRO DEVICES INC 11.5%

Value ($000) $10,630 Shares 49,638 Est. Cost $122.16 Unrealized +83.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	49,638	$10,630	11.5%	$122.16	+83.9%	COM	007903107