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AI-Squared Management Ltd

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13F filer, CIK 1933952, HONG KONG, Hong Kong

AI-Squared Management Ltd reported $107,252,035 across 16 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-12. Its ten largest share positions make up 89.96% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001933952-25-000003

Period
2025-03-31
Reported value
$107M
Holdings
16
Top 10 weight
89.96%
New
8
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MUnew+156,408$13.6M
WDCnew+165,653$6.7M
TSMadded+34,300$5.69M
ORCLnew+26,900$3.76M
ProShares Ultra VIX Short-T…new+141,800$3.32M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PDDexited-115,300-$11.2M
BABAreduced-75,337-$9.96M
JDexited-261,513-$9.07M
ATATreduced-176,600-$5.01M
FUTUreduced-45,898-$4.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001933952-25-000003, largest first. % of portfolio is the value over $76,397,099, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 156,408 shares 156,408$13.6M17.79%newTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,400 shares; 2024Q4: 23,595 shares; 2025Q1: 57,895 shares 57,895$9.61M12.58%+34,300Timeline
TALTAL ED GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 719,200 shares; 2024Q4: 621,076 shares; 2025Q1: 694,976 shares 694,976$9.18M12.02%+73,900Timeline
JOYYJOYY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 247,604 shares; 2025Q1: 187,700 shares 187,700$7.88M10.31%-59,904Timeline
WDCWESTERN DIGITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 165,653 shares 165,653$6.7M8.77%newTimeline
ATATATOUR LIFESTYLE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,536 shares; 2024Q4: 374,630 shares; 2025Q1: 198,030 shares 198,030$5.61M7.35%-176,600Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 111,637 shares; 2025Q1: 36,300 shares 36,300$4.8M6.28%-75,337Timeline
FUTUFUTU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,500 shares; 2024Q4: 87,598 shares; 2025Q1: 41,700 shares 41,700$4.27M5.59%-45,898Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 26,900 shares 26,900$3.76M4.92%newTimeline
ProShares Ultra VIX Short-T…ProShares Ultra VIX Short-Term Fu…Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 141,800 shares 141,800$3.32M4.35%new
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,000 shares; 2024Q4: 46,300 shares; 2025Q1: 29,152 shares 29,152$3.16M4.14%-17,148Timeline
MNSOMINISO GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 63,617 shares; 2025Q1: 103,945 shares 103,945$1.92M2.52%+40,328Timeline
LITELUMENTUM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 25,100 shares 25,100$1.56M2.05%newTimeline
BZKANZHUN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,000 shares; 2024Q4: not reported; 2025Q1: 27,700 shares 27,700$531K0.7%newTimeline
IQIQIYI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 219,500 shares 219,500$496K0.65%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
QQQINVESCO QQQ TR COMput65,800$30.9Mnew

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
PDDPDD HOLDINGS INC115,300$11.2Mshares
JDJD.COM INC261,513$9.07Mshares
YMMFULL TRUCK ALLIANCE CO LTD292,000$3.16Mshares
IPGPIPG PHOTONICS CORP39,500$2.87Mshares
KOLDPROSHARES TR II62,400$2.67Mshares
JKSJINKOSOLAR HLDG CO LTD93,800$2.34Mshares
NBISNEBIUS GROUP N.V.83,000$2.3Mshares
OLEDUNIVERSAL DISPLAY CORP15,500$2.27Mshares
XPEVXPENG INC179,904$2.13Mshares
VSHVISHAY INTERTECHNOLOGY INC93,400$1.58Mshares
DQDAQO NEW ENERGY CORP77,100$1.5Mshares
NIONIO INC342,000$1.49Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001933952-25-000003 base2025-05-12acceptance time not in the bulk data set