Value Aligned Research Advisors portfolio
Investment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 17, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Value Aligned Research Advisors reported a $16.7 bn portfolio of 58 companies (59 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are BE, NBIS, CRWV. During the quarter it exited Freeport-McMoRan.
Sections with a free account
What changed this quarter
53 positions with a change (8 new, 24 added to, 15 trimmed, 6 sold); also, 5 entered through an IPO, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedCerebras SystemsCBRS1.4% of the portfolio
- Newly listedSpace Exploration TechnologiesSPCX0.6% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Intel+1,160%more sharesIncreased0.3% → 5.3%
- Micron Technology+235%more sharesIncreased0.9% → 5.1%
- Taiwan Semiconductor Manufacturing+148,059%more sharesIncreasedunder 0.1% → 2.9%
- Sandisk+196%more sharesIncreased0.8% → 4.2%
- Amazon.com+32,927%more sharesIncreasedunder 0.1% → 2.3%
- Coherent−75%fewer sharesReduced3.6% → 0.8%
- Bloom Energy+22%more sharesIncreased7.4% → 10.1%
- Lumentum Holdings−31%fewer sharesReduced8.8% → 3.8%
- Freeport-McMoRan−1.6 ppof portfolioSold out3.1% → —
- CoreWeave+31%more sharesIncreased7.6% → 6.5%
- Applied Materials−90%fewer sharesReduced3.0% → 0.3%
- Lam Research−89%fewer sharesReduced2.8% → 0.3%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Bloom EnergyBE10.1%
- Nebius GroupNBIS10.1%
- CoreWeaveCRWV6.5%
- IntelINTC5.3%
- Micron TechnologyMU5.1%
- SandiskSNDK4.2%
- Seagate Technology HoldingsSTX4.1%
- Western DigitalWDC3.8%
- Lumentum HoldingsLITE3.8%
- CelesticaCLS3.4%
- Comfort Systems USAFIX2.9%
- Vertiv HoldingsVRT2.9%
- Taiwan Semiconductor ManufacturingTSM2.9%
- Amazon.comAMZN2.3%
- IRENIREN2.3%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 71%
- ● Industrials 22%
- ● Consumer Discretionary 2%
- ● Communication Services 2%
- ● Energy 2%
- ● Utilities 1%
How its portfolio changed (8 quarters)
Q2 2026: 59
Q2 2026: 56%
Q2 2026: 24.2%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q3 2025 ↗filed Nov 14, 2025Amendment of Dec 3, 2025 (replaces the original) ↗
- 13F Q4 2024 ↗filed Feb 13, 2025Amendment of Feb 18, 2025 (replaces the original) ↗
Declared options (25)
Besides stocks, Value Aligned Research Advisors declared 6 puts (they gain if the stock falls) and 19 calls (they gain if it rises) with a notional of $23.4 bn. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- CALLAlphabetGOOGL$4.7 bn
- CALLAmazon.comAMZN$4.4 bn
- CALLNVIDIANVDA$4.0 bn
- CALLMicron TechnologyMU$1.2 bn
- CALLTaiwan Semiconductor ManufacturingTSM$1.0 bn
- PUTNVIDIANVDA$892M
- CALLIntelINTC$881M
- CALLAsml HoldingASML$638M
- PUTTaiwan Semiconductor ManufacturingTSM$622M
- CALLCoreWeaveCRWV$575M
- PUTBroadcomAVGO$546M
- PUTAdvanced Micro DevicesAMDnew this quarter$356M
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Sep 22, 2026 (high confidence).
The data, as reported: VALUE ALIGNED RESEARCH ADVISORS, LLC (CRD 319135): 7.B private funds: 1 hedge (gross assets $5.2 bn); 5.D assets by client type: pooled vehicles 57%, charities 43% (of $9.1 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Not counted as a concentrated manager: more than 20% is options. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
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Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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