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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 $158,575,163 across 11 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-12. Its ten largest share positions make up 100% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001933952-25-000006

Period
2025-06-30
Reported value
$159M
Holdings
11
Top 10 weight
100%
New
7
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PDDnew+36,900$3.86M
JDnew+70,437$2.3M
BABAadded+16,100$1.83M
GDSnew+11,000$336K

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
MUexited-156,408-$13.6M
TALexited-694,976-$9.18M
TSMreduced-35,400-$8.02M
JOYYexited-187,700-$7.88M
WDCexited-165,653-$6.7M

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, Q2 2025

Share positions as resolved from 13F-HR 0001933952-25-000006, largest first. % of portfolio is the value over $22,164,094, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 111,637 shares; 2025Q1: 36,300 shares; 2025Q2: 52,400 shares 52,400$5.94M26.81%+16,100Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,400 shares; 2024Q4: 23,595 shares; 2025Q1: 57,895 shares; 2025Q2: 22,495 shares 22,495$5.09M22.99%-35,400Timeline
ATATATOUR LIFESTYLE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,536 shares; 2024Q4: 374,630 shares; 2025Q1: 198,030 shares; 2025Q2: 142,394 shares 142,394$4.63M20.89%-55,636Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,200 shares; 2024Q4: 115,300 shares; 2025Q1: not reported; 2025Q2: 36,900 shares 36,900$3.86M17.42%newTimeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,000 shares; 2024Q4: 261,513 shares; 2025Q1: not reported; 2025Q2: 70,437 shares 70,437$2.3M10.37%newTimeline
GDSGDS HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 11,000 shares 11,000$336K1.52%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 COMput174,500$96.3M+108,700
NVDANVIDIA CORPORATION COMput93,000$14.7Mnew
PLTRPALANTIR TECHNOLOGIES INC COMput86,700$11.8Mnew
TSLATESLA INC COMput26,900$8.55Mnew
METAMETA PLATFORMS INC COMput6,900$5.09Mnew

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
MUMICRON TECHNOLOGY INC156,408$13.6Mshares
TALTAL ED GROUP694,976$9.18Mshares
JOYYJOYY INC187,700$7.88Mshares
WDCWESTERN DIGITAL CORP165,653$6.7Mshares
FUTUFUTU HLDGS LTD41,700$4.27Mshares
ORCLORACLE CORP26,900$3.76Mshares
ProShares Ultra VIX Short-T…ProShares Ultra VIX Short-Term Fu…141,800$3.32Mshares
NVDANVIDIA CORPORATION29,152$3.16Mshares
MNSOMINISO GROUP HLDG LTD103,945$1.92Mshares
LITELUMENTUM HLDGS INC25,100$1.56Mshares
BZKANZHUN LIMITED27,700$531Kshares
IQIQIYI INC219,500$496Kshares

How Q2 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 0001933952-25-000006 base2025-08-12acceptance time not in the bulk data set