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ASM

AI-Squared Management Portfolio holdings

AUM $137M
1-Year Est. Return 102.72%
This Fund
S&P 500
This Quarter Est. Return
+27.7%
1 Year Est. Return
+102.72%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$96M
AUM Growth
-$62.5M
Cap. Flow
-$76.4M
Cap. Flow %
-79.55%
Top 10 Hldgs %
80.75%
Holding
27
New
16
Increased
3
Reduced
1
Closed
7

Top Buys

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$17M
2
BIDU icon
Baidu
BIDU
+$8.69M
3
ONTO icon
Onto Innovation
ONTO
+$6.45M
4
HTZ icon
Hertz
HTZ
+$5.65M
5
OLED icon
Universal Display
OLED
+$5.58M

Top Sells

Rank Stock Value
1
TSM icon
TSMC
TSM
+$5.09M
2
BABA icon
Alibaba
BABA
+$3.9M
3
JD icon
JD.com
JD
+$2.3M

Sector Composition

Rank Sector Weight
1 Technology 44.47%
2 Consumer Discretionary 36.57%
3 Communication Services 12.42%
4 Industrials 6.22%
5 Financials 0.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PDD icon
1
Pinduoduo
PDD
$118B
$23.9M 24.84%
180,508
+143,608
+389% +$17M
BIDU icon
2
Baidu
BIDU
$35.8B
$11.6M 12.04%
+87,750
New +$8.69M
ONTO icon
3
Onto Innovation
ONTO
$13.6B
$7.79M 8.11%
+60,300
New +$6.45M
ATAT icon
4
Atour Lifestyle Holdings
ATAT
$4.35B
$6.06M 6.31%
161,158
+18,764
+13% +$686K
HTZ icon
5
Hertz
HTZ
$572M
$5.98M 6.22%
+878,900
New +$5.65M
OLED icon
6
Universal Display
OLED
$3.71B
$5.52M 5.74%
+38,400
New +$5.58M
AAOI icon
7
Applied Optoelectronics
AAOI
$8.04B
$5.04M 5.25%
+194,500
New +$4.97M
BABA icon
8
Alibaba
BABA
$269B
$4.04M 4.21%
22,626
-29,774
-57% -$3.9M
VNET
9
VNET Group
VNET
$2.05B
$3.9M 4.06%
+377,280
New +$3.18M
INTC icon
10
Intel
INTC
$466B
$3.8M 3.96%
+113,400
New +$2.75M
GDS icon
11
GDS Holdings
GDS
$6.34B
$3.8M 3.96%
98,280
+87,280
+793% +$3.09M
YMM icon
12
Full Truck Alliance
YMM
$9.56B
$3.61M 3.76%
+278,700
New +$3.45M
LITE icon
13
Lumentum
LITE
$59.4B
$1.95M 2.03%
+12,000
New +$1.5M
CLS icon
14
Celestica
CLS
$35.1B
$1.87M 1.95%
+7,600
New +$1.53M
AMKR icon
15
Amkor Technology
AMKR
$16.1B
$1.84M 1.92%
+64,800
New +$1.56M
AMD icon
16
Advanced Micro Devices
AMD
$851B
$1.81M 1.89%
+11,200
New +$1.81M
JBL icon
17
Jabil
JBL
$32.8B
$1.76M 1.83%
+8,100
New +$1.76M
HTHT icon
18
Huazhu Hotels Group
HTHT
$12.4B
$1.16M 1.21%
+29,600
New +$1.03M
IQ icon
19
iQIYI
IQ
$1.18B
$362K 0.38%
+141,400
New +$313K
FUTU icon
20
Futu Holdings
FUTU
$13.9B
$313K 0.33%
+1,800
New +$299K
JD icon
21
JD.com
JD
$40.8B
– –
-70,437
Closed -$2.3M
META icon
22
PUT
Meta Platforms (Facebook)
META
$1.51T
– –
-6,900
Closed -$5.09M
NVDA icon
23
PUT
NVIDIA
NVDA
$5.01T
– –
-93,000
Closed -$14.7M
PLTR icon
24
PUT
Palantir
PLTR
$295B
– –
-86,700
Closed -$11.8M
QQQ icon
25
PUT
Invesco QQQ Trust
QQQ
$455B
– –
-174,500
Closed -$96.3M
1
2

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OCM
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CP
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LBC
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NFA
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AI-Squared Management's Q3 2025 Portfolio in Review

As of Q3 2025, AI-Squared Management held 27 positions worth $96M, down 39% from $159M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

AI-Squared Management withdrew a net $76.4M in Q3 2025, closing 7 positions and reducing 1 holding. Its most notable exit was TSMC, an estimated $5.09M position sold in full.

By sector, the portfolio is most concentrated in Technology at 44% of assets, up from 3.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, AI-Squared Management opened a new position in Baidu worth $11.6M.

  • AI-Squared Management's largest Q3 2025 buy was Baidu: 87,750 shares worth $11.6M.
  • AI-Squared Management added most to Pinduoduo in Q3 2025, an estimated $17M increase.
  • AI-Squared Management's biggest Q3 2025 reduction was Alibaba, cutting an estimated $3.9M.
  • AI-Squared Management fully exited TSMC in Q3 2025, selling an estimated $5.09M.
  • AI-Squared Management's ten largest holdings make up 81% of its $96M portfolio in Q3 2025.
  • AI-Squared Management opened 16 new positions and closed 7 in Q3 2025.
  • AI-Squared Management's portfolio value fell 39% quarter-over-quarter to $96M.

Based on AI-Squared Management's 13F filing for Q3 2025, filed 13 Nov 2025.