AI-Squared Management Ltd

Q3 2025 13F-HR Holdings

Location
Hong Kong, K3
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
20
Total value ($000)
$96,039
Net value change ($000)
-62,536 (-39.4%)
New positions
16
Sold out positions
2
Turnover %
68.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PDD 19,996 517.8%
BIDU 11,563 NEW
ONTO 7,792 NEW
HTZ 5,977 NEW
OLED 5,515 NEW
AAOI 5,043 NEW
VNET 3,897 NEW
INTC 3,805 NEW
YMM 3,615 NEW
GDS 3,467 1031.8%
Top Reduces (Value $000, Stocks/ETFs)
TSM -5,095 -100.0%
JD -2,299 -100.0%
BABA -1,899 -32.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type