AI-Squared Management Ltd Quant / Systematic

Location: Hong Kong

CIK: 0001933952 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 12, 2026

Total Value: $187M (100.0% shares, 0.0% debt)

Holdings (19)

New Positions (8)

PDD PDD HOLDINGS INC 13.3%

Value $25M Shares 327,700 Est. Cost $76.28 Unrealized —

JD JD.COM INC 6.9%

Value $12.99M Shares 509,900 Est. Cost $25.48 Unrealized —

QCOM QUALCOMM INC 5.7%

Value $10.72M Shares 57,990 Est. Cost $184.79 Unrealized —

NBIS NEBIUS GROUP N.V. 4.9%

Value $9.214M Shares 33,362 Est. Cost $276.17 Unrealized —

CRWV COREWEAVE INC 3.7%

Value $6.934M Shares 69,661 Est. Cost $99.54 Unrealized —

CBRS CEREBRAS SYSTEMS INC 3.2%

Value $5.945M Shares 26,900 Est. Cost $221.00 Unrealized —

NOK NOKIA CORP 2.9%

Value $5.491M Shares 413,500 Est. Cost $13.28 Unrealized —

CRCL CIRCLE INTERNET GROUP INC 0.2%

Value $463K Shares 7,400 Est. Cost $62.63 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	327,700	$25M	13.3%	$76.28	—	SPONSORED ADS	722304102
JD	JD.COM INC	509,900	$12.99M	6.9%	$25.48	—	SPON ADS CL A	47215P106
QCOM	QUALCOMM INC	57,990	$10.72M	5.7%	$184.79	—	COM	747525103
NBIS	NEBIUS GROUP N.V.	33,362	$9.214M	4.9%	$276.17	—	SHS CLASS A	N97284108
CRWV	COREWEAVE INC	69,661	$6.934M	3.7%	$99.54	—	COM CL A	21873S108
CBRS	CEREBRAS SYSTEMS INC	26,900	$5.945M	3.2%	$221.00	—	COM CL A	15675D103
NOK	NOKIA CORP	413,500	$5.491M	2.9%	$13.28	—	SPONSORED ADR	654902204
CRCL	CIRCLE INTERNET GROUP INC	7,400	$463K	0.2%	$62.63	—	COM CL A	172573107

Increased Positions (7)

BABA ALIBABA GROUP HLDG LTD 6.8%

Value $12.69M (+1674.8%) Shares 132,236 (+2219.9%) Est. Cost $97.25 Unrealized —

BIDU BAIDU INC 9.5%

Value $17.86M (+148.4%) Shares 156,308 (+142.1%) Est. Cost $121.47 Unrealized —

STAA STAAR SURGICAL CO 8.3%

Value $15.56M (+210.4%) Shares 542,420 (+102.3%) Est. Cost $24.13 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 4.5%

Value $8.501M (+87.6%) Shares 17,800 (+32.8%) Est. Cost $346.77 Unrealized —

VNET VNET GROUP INC 4.4%

Value $8.253M (+60.1%) Shares 1,026,500 (+67.1%) Est. Cost $8.97 Unrealized —

ATAT ATOUR LIFESTYLE HLDGS LTD 5.1%

Value $9.603M (-11.8%) Shares 301,984 (+2.1%) Est. Cost $31.54 Unrealized —

TCOM TRIP COM GROUP LTD 2.2%

Value $4.056M (-14.1%) Shares 101,800 (+7.4%) Est. Cost $49.10 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	132,236 (+2219.9%)	$12.69M (+1674.8%)	6.8%	$97.25	—	SPONSORED ADS	01609W102
BIDU	BAIDU INC	156,308 (+142.1%)	$17.86M (+148.4%)	9.5%	$121.47	—	SPON ADR REP A	056752108
STAA	STAAR SURGICAL CO	542,420 (+102.3%)	$15.56M (+210.4%)	8.3%	$24.13	—	COM PAR $0.01	852312305
TSM	TAIWAN SEMICONDUCTOR MANUFAC	17,800 (+32.8%)	$8.501M (+87.6%)	4.5%	$346.77	—	SPONSORED ADS	874039100
VNET	VNET GROUP INC	1,026,500 (+67.1%)	$8.253M (+60.1%)	4.4%	$8.97	—	SPONSORED ADS A	90138A103
ATAT	ATOUR LIFESTYLE HLDGS LTD	301,984 (+2.1%)	$9.603M (-11.8%)	5.1%	$31.54	—	SPONSORED ADS	04965M106
TCOM	TRIP COM GROUP LTD	101,800 (+7.4%)	$4.056M (-14.1%)	2.2%	$49.10	—	ADS	89677Q107

Exited Positions (8)

LITE LUMENTUM HLDGS INC 13.6%

Value $25.52M Shares 36,321 Est. Cost $467.14 Unrealized —

DOCN DIGITALOCEAN HLDGS INC 3.7%

Value $6.991M Shares 81,500 Est. Cost $58.07 Unrealized —

FUTU FUTU HLDGS LTD 2.5%

Value $4.618M Shares 33,767 Est. Cost $154.67 Unrealized —

TER TERADYNE INC 2.5%

Value $4.595M Shares 15,500 Est. Cost $265.87 Unrealized —

GDS GDS HLDGS LTD 2.3%

Value $4.279M Shares 106,200 Est. Cost $36.60 Unrealized —

RMBS RAMBUS INC DEL 2.3%

Value $4.265M Shares 49,578 Est. Cost $104.73 Unrealized —

META META PLATFORMS INC 1.2%

Value $2.3M Shares 4,020 Est. Cost $655.57 Unrealized —

SNPS SYNOPSYS INC 1.2%

Value $2.271M Shares 5,728 Est. Cost $471.68 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LITE	LUMENTUM HLDGS INC	36,321	$25.52M	13.6%	$467.14	—	—	55024U109
DOCN	DIGITALOCEAN HLDGS INC	81,500	$6.991M	3.7%	$58.07	—	—	25402D102
FUTU	FUTU HLDGS LTD	33,767	$4.618M	2.5%	$154.67	—	—	36118L106
TER	TERADYNE INC	15,500	$4.595M	2.5%	$265.87	—	—	880770102
GDS	GDS HLDGS LTD	106,200	$4.279M	2.3%	$36.60	—	—	36165L108
RMBS	RAMBUS INC DEL	49,578	$4.265M	2.3%	$104.73	—	—	750917106
META	META PLATFORMS INC	4,020	$2.3M	1.2%	$655.57	—	—	30303M102
SNPS	SYNOPSYS INC	5,728	$2.271M	1.2%	$471.68	—	—	871607107

Decreased Positions (4)

AMD ADVANCED MICRO DEVICES INC 2.4%

Value $4.415M (-61.2%) Shares 7,600 (-86.4%) Est. Cost $210.96 Unrealized —

MU MICRON TECHNOLOGY INC 3.3%

Value $6.118M (-51.6%) Shares 5,300 (-85.8%) Est. Cost $363.42 Unrealized —

SNDK SANDISK CORP 9.0%

Value $16.83M (+25.3%) Shares 7,400 (-65.0%) Est. Cost $516.50 Unrealized —

NVDA NVIDIA CORPORATION 3.6%

Value $6.843M (-1.2%) Shares 34,200 (-13.9%) Est. Cost $186.22 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	7,600 (-86.4%)	$4.415M (-61.2%)	2.4%	$210.96	—	COM	007903107
MU	MICRON TECHNOLOGY INC	5,300 (-85.8%)	$6.118M (-51.6%)	3.3%	$363.42	—	COM	595112103
SNDK	SANDISK CORP	7,400 (-65.0%)	$16.83M (+25.3%)	9.0%	$516.50	—	COM	80004C200
NVDA	NVIDIA CORPORATION	34,200 (-13.9%)	$6.843M (-1.2%)	3.6%	$186.22	—	COM	67066G104