AI-Squared Management Ltd Quant / Systematic

CIK: 0001933952 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $86,123 (100.0% shares, 0.0% debt)

Holdings (18)

New Positions (7)

TSM TAIWAN SEMICONDUCTOR MFG LTD 10.4%

Value ($000) $8,983 Shares 29,560 Est. Cost $303.89 Unrealized —

CSIQ CANADIAN SOLAR INC 8.2%

Value ($000) $7,079 Shares 297,800 Est. Cost $21.80 Unrealized 0.0%

NVDA NVIDIA CORPORATION 7.1%

Value ($000) $6,136 Shares 32,900 Est. Cost $186.13 Unrealized 0.0%

SEI SOLARIS ENERGY INFRAS INC 4.6%

Value ($000) $3,930 Shares 85,500 Est. Cost $48.29 Unrealized 0.0%

AVGO BROADCOM INC 3.6%

Value ($000) $3,073 Shares 8,880 Est. Cost $357.00 Unrealized 0.0%

CRDO CREDO TECHNOLOGY GROUP HOLDI 2.2%

Value ($000) $1,899 Shares 13,200 Est. Cost $153.78 Unrealized 0.0%

MU MICRON TECHNOLOGY INC 1.9%

Value ($000) $1,598 Shares 5,600 Est. Cost $229.35 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	29,560	$8,983	10.4%	$303.89	—	SPONSORED ADS	874039100
CSIQ	CANADIAN SOLAR INC	297,800	$7,079	8.2%	$21.80	0.0%	COM	136635109
NVDA	NVIDIA CORPORATION	32,900	$6,136	7.1%	$186.13	0.0%	COM	67066G104
SEI	SOLARIS ENERGY INFRAS INC	85,500	$3,930	4.6%	$48.29	0.0%	COM CL A	83418M103
AVGO	BROADCOM INC	8,880	$3,073	3.6%	$357.00	0.0%	COM	11135F101
CRDO	CREDO TECHNOLOGY GROUP HOLDI	13,200	$1,899	2.2%	$153.78	0.0%	ORDINARY SHARES	G25457105
MU	MICRON TECHNOLOGY INC	5,600	$1,598	1.9%	$229.35	0.0%	COM	595112103

Increased Positions (7)

AMD ADVANCED MICRO DEVICES INC 9.3%

Value ($000) $7,967 (+339.7%) Shares 37,200 (+232.1%) Est. Cost $205.56 Unrealized +9.3%

FUTU FUTU HLDGS LTD 4.1%

Value ($000) $3,514 (+1022.6%) Shares 21,400 (+1088.9%) Est. Cost $165.03 Unrealized —

AMKR AMKOR TECHNOLOGY INC 4.5%

Value ($000) $3,877 (+110.7%) Shares 98,200 (+51.5%) Est. Cost $27.90 Unrealized +27.4%

GDS GDS HLDGS LTD 6.8%

Value ($000) $5,819 (+53.0%) Shares 166,740 (+69.7%) Est. Cost $36.60 Unrealized —

IQ IQIYI INC 1.8%

Value ($000) $1,541 (+325.6%) Shares 802,400 (+467.5%) Est. Cost $2.03 Unrealized —

BIDU BAIDU INC 14.7%

Value ($000) $12,694 (+9.8%) Shares 97,150 (+10.7%) Est. Cost $131.66 Unrealized —

VNET VNET GROUP INC 4.3%

Value ($000) $3,736 (-4.1%) Shares 441,571 (+17.0%) Est. Cost $10.06 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	37,200 (+232.1%)	$7,967 (+339.7%)	9.3%	$205.56	+9.3%	COM	007903107
FUTU	FUTU HLDGS LTD	21,400 (+1088.9%)	$3,514 (+1022.6%)	4.1%	$165.03	—	SPON ADS CL A	36118L106
AMKR	AMKOR TECHNOLOGY INC	98,200 (+51.5%)	$3,877 (+110.7%)	4.5%	$27.90	+27.4%	COM	031652100
GDS	GDS HLDGS LTD	166,740 (+69.7%)	$5,819 (+53.0%)	6.8%	$36.60	—	SPONSORED ADS	36165L108
IQ	IQIYI INC	802,400 (+467.5%)	$1,541 (+325.6%)	1.8%	$2.03	—	SPONSORED ADS	46267X108
BIDU	BAIDU INC	97,150 (+10.7%)	$12,694 (+9.8%)	14.7%	$131.66	—	SPON ADR REP A	056752108
VNET	VNET GROUP INC	441,571 (+17.0%)	$3,736 (-4.1%)	4.3%	$10.06	—	SPONSORED ADS A	90138A103

Exited Positions (9)

ONTO ONTO INNOVATION INC 9.0%

Value ($000) $7,792 Shares 60,300 Est. Cost $107.03 Unrealized +32.7%

HTZ HERTZ GLOBAL HLDGS INC 6.9%

Value ($000) $5,977 Shares 878,900 Est. Cost $6.42 Unrealized -15.0%

AAOI APPLIED OPTOELECTRONICS INC 5.9%

Value ($000) $5,043 Shares 194,500 Est. Cost $25.57 Unrealized +16.8%

BABA ALIBABA GROUP HLDG LTD 4.7%

Value ($000) $4,044 Shares 22,626 Est. Cost $93.58 Unrealized —

YMM FULL TRUCK ALLIANCE CO LTD 4.2%

Value ($000) $3,615 Shares 278,700 Est. Cost $12.97 Unrealized —

LITE LUMENTUM HLDGS INC 2.3%

Value ($000) $1,953 Shares 12,000 Est. Cost $124.70 Unrealized +106.0%

CLS CELESTICA INC 2.2%

Value ($000) $1,872 Shares 7,600 Est. Cost $201.61 Unrealized +49.5%

JBL JABIL INC 2.0%

Value ($000) $1,759 Shares 8,100 Est. Cost $217.63 Unrealized -2.0%

HTHT H WORLD GROUP LTD 1.3%

Value ($000) $1,158 Shares 29,600 Est. Cost $39.11 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ONTO	ONTO INNOVATION INC	60,300	$7,792	9.0%	$107.03	+32.7%	—	683344105
HTZ	HERTZ GLOBAL HLDGS INC	878,900	$5,977	6.9%	$6.42	-15.0%	—	42806J700
AAOI	APPLIED OPTOELECTRONICS INC	194,500	$5,043	5.9%	$25.57	+16.8%	—	03823U102
BABA	ALIBABA GROUP HLDG LTD	22,626	$4,044	4.7%	$93.58	—	—	01609W102
YMM	FULL TRUCK ALLIANCE CO LTD	278,700	$3,615	4.2%	$12.97	—	—	35969L108
LITE	LUMENTUM HLDGS INC	12,000	$1,953	2.3%	$124.70	+106.0%	—	55024U109
CLS	CELESTICA INC	7,600	$1,872	2.2%	$201.61	+49.5%	—	15101Q207
JBL	JABIL INC	8,100	$1,759	2.0%	$217.63	-2.0%	—	466313103
HTHT	H WORLD GROUP LTD	29,600	$1,158	1.3%	$39.11	—	—	44332N106

Decreased Positions (4)

PDD PDD HOLDINGS INC 3.6%

Value ($000) $3,078 (-87.1%) Shares 27,143 (-85.0%) Est. Cost $126.55 Unrealized —

OLED UNIVERSAL DISPLAY CORP 2.2%

Value ($000) $1,901 (-65.5%) Shares 16,281 (-57.6%) Est. Cost $144.44 Unrealized -10.5%

ATAT ATOUR LIFESTYLE HLDGS LTD 6.5%

Value ($000) $5,634 (-7.0%) Shares 143,000 (-11.3%) Est. Cost $25.91 Unrealized —

INTC INTEL CORP 4.3%

Value ($000) $3,664 (-3.7%) Shares 99,300 (-12.4%) Est. Cost $24.23 Unrealized +55.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	27,143 (-85.0%)	$3,078 (-87.1%)	3.6%	$126.55	—	SPONSORED ADS	722304102
OLED	UNIVERSAL DISPLAY CORP	16,281 (-57.6%)	$1,901 (-65.5%)	2.2%	$144.44	-10.5%	COM	91347P105
ATAT	ATOUR LIFESTYLE HLDGS LTD	143,000 (-11.3%)	$5,634 (-7.0%)	6.5%	$25.91	—	SPONSORED ADS	04965M106
INTC	INTEL CORP	99,300 (-12.4%)	$3,664 (-3.7%)	4.3%	$24.23	+55.9%	COM	458140100