Value Aligned Research Advisors, LLC

Value Aligned Research Advisors, LLC declares $15.4B in 45 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 38.5% of its $40.1B 13F portfolio. Largest positions: Bloom Energy (1.9% of the company) and Nebius (2.4% of the company). Over time: $15.4B in 45 of these companies for Q2 2026, against $216.4M in 21 for Q4 2022 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $4.4B and sold $2.8B of these stocks, at the quarter's prices: a net purchase of $1.6B; 4 new positions and 4 sold out.

Performance of its AI picks

The AI-stock portfolio Value Aligned Research Advisors, LLC declared for Q2 2026 (Form 13F), held unchanged, returned -14.0% in Q3 2026 (SMH -7.1%), ranked 1703 of 1,785 active managers. Over the last 12 months, quarter after quarter: +91.1% (SMH +87.2%), ranked 46 of 1,360 active managers. Over three years, quarter after quarter: +422.5% (SMH +325.8%), ranked 11 of 784 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. Bloom Energy (BE): $1.7B, 5.6M shares, 1.9% of the company, 4.2% of its portfolio (added this quarter); held since Q4 2024
2. Nebius (NBIS): $1.7B, 6.1M shares, 2.4% of the company, 4.2% of its portfolio (added this quarter); held since Q4 2024
3. CoreWeave (CRWV): $1.1B, 10.9M shares, 2.0% of the company, 2.7% of its portfolio (added this quarter); held since Q3 2025
4. Intel (INTC): $886.1M, 6.3M shares, 0.12% of the company, 2.2% of its portfolio (added this quarter); held since Q1 2026
5. Micron (MU): $846.1M, 733,007 shares, 0.06% of the company, 2.1% of its portfolio (added this quarter); held since Q4 2024
6. Sandisk (SNDK): $708.9M, 311,782 shares, 0.22% of the company, 1.8% of its portfolio (added this quarter); held since Q1 2026
7. Seagate (STX): $684.5M, 709,357 shares, 0.31% of the company, 1.7% of its portfolio (trimmed this quarter); held since Q4 2025
8. Western Digital (WDC): $631.3M, 988,429 shares, 0.26% of the company, 1.6% of its portfolio (trimmed this quarter); held since Q1 2026
9. Lumentum (LITE): $630.4M, 734,687 shares, 0.81% of the company, 1.6% of its portfolio (trimmed this quarter); held since Q4 2025
10. Celestica (CLS): $575.1M, 1.6M shares, 1.3% of the company, 1.4% of its portfolio (added this quarter); held since Q2 2024
11. Comfort Systems USA (FIX): $482.8M, 243,607 shares, 0.70% of the company, 1.2% of its portfolio (added this quarter); held since Q3 2025
12. Vertiv (VRT): $481.4M, 1.4M shares, 0.37% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q2 2023
13. TSMC (TSM): $481.1M, 1.0M shares, 0.02% of the company, 1.2% of its portfolio (added this quarter); held since Q2 2024
14. Amazon (AMZN): $387.4M, 1.6M shares, 0.01% of the company, 0.97% of its portfolio (added this quarter); held since Q4 2024
15. IREN (IREN): $387.2M, 8.5M shares, 2.4% of the company, 0.97% of its portfolio (added this quarter); held since Q2 2025

By sector

• Neoclouds & data centers: $4.5B, 29% of its AI holdings, 12 companies
• Power, electrical & cooling: $3.1B, 20% of its AI holdings, 7 companies
• Memory & storage: $2.9B, 19% of its AI holdings, 4 companies
• Chips & compute: $2.0B, 13% of its AI holdings, 6 companies
• Optics: $992.7M, 6% of its AI holdings, 3 companies
• Cloud & AI giants: $622.4M, 4% of its AI holdings, 5 companies
• Servers & systems: $575.1M, 4% of its AI holdings, 1 company
• Equipment & test: $377.1M, 2% of its AI holdings, 4 companies
• Interconnect: $366.4M, 2% of its AI holdings, 2 companies
• AI software: $16.9M, 0% of its AI holdings, 1 company

Biggest changes this quarter

• added to Intel (INTC): +$815.7M at the quarter's price
• added to Micron (MU): +$593.5M at the quarter's price
• added to TSMC (TSM): +$480.8M at the quarter's price
• trimmed Applied Materials (AMAT): -$478.7M at the quarter's price
• added to Sandisk (SNDK): +$469.7M at the quarter's price
• trimmed Lam Research (LRCX): -$424.2M at the quarter's price
• added to Amazon (AMZN): +$386.3M at the quarter's price
• trimmed Coherent (COHR): -$381.1M at the quarter's price
• added to Bloom Energy (BE): +$302.8M at the quarter's price
• trimmed Lumentum (LITE): -$276.8M at the quarter's price

Other holders of this size

• TEACHER RETIREMENT SYSTEM OF TEXAS: $15.4B in 155 of these companies
• PANAGORA ASSET MANAGEMENT INC: $15.6B in 131 of these companies
• PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO: $15.2B in 174 of these companies
• NEOS Investment Management LLC: $15.7B in 98 of these companies
• KLP KAPITALFORVALTNING AS: $15.0B in 184 of these companies
• SANDS CAPITAL MANAGEMENT, LLC: $15.9B in 29 of these companies
• Squarepoint Ops LLC: $14.9B in 192 of these companies
• Cetera Investment Advisers: $15.9B in 211 of these companies

Follow Value Aligned Research Advisors, LLC's SEC filings (Atom feed)

All holders · Who owns each AI company · All tracked companies · The AI market