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CloudAlpha Capital Management Limited/Hong Kong

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13F filer, CIK 1745907, HONG KONG, Hong Kong

CloudAlpha Capital Management Limited/Hong Kong reported $2,123,314,308 across 58 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-06. Its ten largest share positions make up 69.56% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001745907-26-000002

Period
2025-12-31
Reported value
$2.12B
Holdings
58
Top 10 weight
69.56%
New
32
Sold out
29

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ASMLnew+81,210$86.9M
CRCLadded+405,664$32.2M
NBISadded+382,690$32M
AMATadded+94,587$24.3M
LITEadded+63,435$23.4M

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
NVDAreduced-706,017-$132M
MUreduced-314,100-$89.6M
ETHUexited-490,300-$63.7M
GOOGLreduced-145,700-$45.6M
SBETexited-1,811,414-$30.8M

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, Q4 2025

Share positions as resolved from 13F-HR 0001745907-26-000002, largest first. % of portfolio is the value over $1,112,778,996, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 392,803 shares; 2024Q4: 10 shares; 2025Q1: 118,600 shares; 2025Q2: not reported; 2025Q3: 378,285 shares; 2025Q4: 353,659 shares 353,659$159M14.29%-24,626Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 880,960 shares; 2024Q4: 793,304 shares; 2025Q1: 1,307,000 shares; 2025Q2: 385,314 shares; 2025Q3: 1,238,027 shares; 2025Q4: 532,010 shares 532,010$99.2M8.92%-706,017Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 711,000 shares; 2025Q3: 440,300 shares; 2025Q4: 294,600 shares 294,600$92.2M8.29%-145,700Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 600 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 81,210 shares 81,210$86.9M7.81%newTimeline
LITELUMENTUM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 68,015 shares; 2025Q1: not reported; 2025Q2: 178,400 shares; 2025Q3: 134,346 shares; 2025Q4: 197,781 shares 197,781$72.9M6.55%+63,435Timeline
SNDKSANDISK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 114,000 shares; 2025Q2: not reported; 2025Q3: 213,813 shares; 2025Q4: 286,219 shares 286,219$67.9M6.11%+72,406Timeline
NBISNEBIUS GROUP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 73,927 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 371,310 shares; 2025Q4: 754,000 shares 754,000$63.1M5.67%+382,690Timeline
CRCLCIRCLE INTERNET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 101,010 shares; 2025Q3: 283,964 shares; 2025Q4: 689,628 shares 689,628$54.7M4.91%+405,664Timeline
LEUCENTRUS ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 397,002 shares; 2025Q1: 386,110 shares; 2025Q2: 283,027 shares; 2025Q3: 129,433 shares; 2025Q4: 172,300 shares 172,300$41.8M3.76%+42,867Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 46,186 shares; 2025Q4: 140,773 shares 140,773$36.2M3.25%+94,587Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,177 shares; 2024Q4: 116,319 shares; 2025Q1: not reported; 2025Q2: 113,223 shares; 2025Q3: 86,610 shares; 2025Q4: 98,080 shares 98,080$33.9M3.05%+11,470Timeline
LRCXLAM RESEARCH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 210,200 shares; 2025Q4: 190,615 shares 190,615$32.6M2.93%-19,585Timeline
CIENCIENA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,853 shares; 2024Q4: 162,390 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 143,200 shares; 2025Q4: 124,810 shares 124,810$29.2M2.62%-18,390Timeline
AXTIAXT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,390,730 shares 1,390,730$22.7M2.04%newTimeline
WDCWESTERN DIGITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 121,259 shares 121,259$20.9M1.88%newTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 496,224 shares; 2024Q4: 500,246 shares; 2025Q1: 314,452 shares; 2025Q2: 244,248 shares; 2025Q3: not reported; 2025Q4: 86,110 shares 86,110$19.9M1.79%newTimeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 57,500 shares; 2025Q3: 34,600 shares; 2025Q4: 101,110 shares 101,110$19.7M1.77%+66,510Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 190,059 shares; 2024Q4: not reported; 2025Q1: 108,495 shares; 2025Q2: 9,410 shares; 2025Q3: not reported; 2025Q4: 29,810 shares 29,810$19.7M1.77%newTimeline
RKLBROCKET LAB CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 113,000 shares; 2025Q3: not reported; 2025Q4: 241,334 shares 241,334$16.8M1.51%newTimeline
TTMITTM TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 414,352 shares; 2025Q3: not reported; 2025Q4: 184,548 shares 184,548$12.7M1.14%newTimeline
OKLOOKLO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 539,706 shares; 2025Q2: 52,101 shares; 2025Q3: not reported; 2025Q4: 164,299 shares 164,299$11.8M1.06%newTimeline
CLSCELESTICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 382,640 shares; 2025Q2: 463,310 shares; 2025Q3: not reported; 2025Q4: 34,110 shares 34,110$10.1M0.91%newTimeline
BEBLOOM ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 88,400 shares; 2025Q4: 113,100 shares 113,100$9.83M0.88%+24,700Timeline
KEYSKEYSIGHT TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 43,112 shares 43,112$8.76M0.79%newTimeline
LSCCLATTICE SEMICONDUCTOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 113,400 shares 113,400$8.34M0.75%newTimeline
SUPXSUPERX AI TECHNOLOGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 142,624 shares; 2025Q4: 513,592 shares 513,592$8.05M0.72%+370,968Timeline
ONDSONDAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 690,000 shares 690,000$6.73M0.61%newTimeline
FTAIFTAI AVIATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 30,300 shares 30,300$5.96M0.54%newTimeline
HOODROBINHOOD MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 431,339 shares; 2025Q2: 141,010 shares; 2025Q3: 237,661 shares; 2025Q4: 51,862 shares 51,862$5.87M0.53%-185,799Timeline
IRENIREN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 210,000 shares; 2025Q3: 66,268 shares; 2025Q4: 133,500 shares 133,500$5.04M0.45%+67,232Timeline
CLSKCLEANSPARK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 486,000 shares 486,000$4.92M0.44%newTimeline
HUTHUT 8 CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 97,387 shares 97,387$4.47M0.4%newTimeline
BITFBITFARMS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,631,964 shares 1,631,964$3.84M0.34%newTimeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 72,800 shares; 2025Q2: 10 shares; 2025Q3: 324,610 shares; 2025Q4: 10,510 shares 10,510$3M0.27%-314,100Timeline
APIAGORA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,995,000 shares; 2025Q1: 2,995,000 shares; 2025Q2: 2,995,000 shares; 2025Q3: 1,687,075 shares; 2025Q4: 645,700 shares 645,700$2.63M0.24%-1,041,375Timeline
IONQIONQ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 54,102 shares 54,102$2.43M0.22%newTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,057 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 37,561 shares; 2025Q4: 6,850 shares 6,850$2.08M0.19%-30,711Timeline
RGTIRIGETTI COMPUTING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 81,000 shares 81,000$1.79M0.16%newTimeline
QBTSD-WAVE QUANTUM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 67,300 shares 67,300$1.76M0.16%newTimeline
CIFRCIPHER DIGITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 107,000 shares 107,000$1.58M0.14%newTimeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,000 shares 4,000$637K0.06%newTimeline
SMRNUSCALE PWR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,007,814 shares; 2025Q2: 430,023 shares; 2025Q3: not reported; 2025Q4: 42,610 shares 42,610$604K0.05%newTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,100 shares 1,100$345K0.03%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
TSLATESLA INC COMcall871,600$392M+175,600
QQQINVESCO QQQ TR COMput248,500$153M-216,500
DELLDELL TECHNOLOGIES INC Stockput600,000$75.5Mnew
SOXXISHARES TR COMput231,500$69.7M+41,500
HPQHP INC Stockput2,900,000$64.6Mnew
ORCLORACLE CORP COMcall270,000$52.6Mnew
ASMLASML HLDG NV STOKcall42,500$45.5Mnew
MUMICRON TECHNOLOGY INC COMcall125,000$35.7M-125,000
ARKKARK ETF TR INNOVATION ETFput439,000$33.8Mnew
FTAIFTAI AVIATION LTD Stockcall120,000$23.6Mnew
SLVISHARES SILVER TR COMput330,000$21.3Mnew
ALABASTERA LABS INC COMput100,000$16.6Mnew
SNDKSANDISK CORP COMcall61,500$14.6M-18,500
GOOGALPHABET INC COMcall23,500$7.37M-226,500
AVGOBROADCOM INC COMcall14,500$5.02Mnew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
NVDANVIDIA CORPORATION2,710,000$506Mcall
ETHUVOLATILITY SHS TR490,300$63.7Mshares
AMDADVANCED MICRO DEVICES INC343,500$55.6Mput
KLACKLA CORP47,500$51.2Mcall
XRTSPDR SERIES TRUST550,000$47.4Mput
AVGOBROADCOM INC130,000$42.9Mput
LITELUMENTUM HLDGS INC256,000$41.7Mcall
ONTOONTO INNOVATION INC250,000$32.3Mcall
SBETSHARPLINK INC1,811,414$30.8Mshares
CVNACARVANA CO80,000$30.2Mput
ALABASTERA LABS INC152,000$29.8Mcall
AAOIAPPLIED OPTOELECTRONICS INC1,078,750$28Mshares
COHRCOHERENT CORP225,318$24.3Mshares
INTCINTEL CORP640,000$21.5Mcall
ONTOONTO INNOVATION INC161,368$20.9Mshares
CRWVCOREWEAVE INC141,948$19.4Mshares
RMBSRAMBUS INC DEL165,800$17.3Mshares
GTLBGITLAB INC300,000$13.5Mcall
LRCXLAM RESEARCH CORP100,000$13.4Mcall
DDOGDATADOG INC85,000$12.1Mput
CRDOCREDO TECHNOLOGY GROUP HOLDI70,000$10.2Mput
CRWVCOREWEAVE INC40,000$5.47Mcall
COHRCOHERENT CORP50,000$5.39Mcall
AVAVAEROVIRONMENT INC16,800$5.29Mshares
CRDOCREDO TECHNOLOGY GROUP HOLDI34,300$4.99Mshares
RIOTRIOT PLATFORMS INC78,500$1.49Mshares
UUNITY SOFTWARE INC31,232$1.25Mshares
KLICKULICKE & SOFFA INDS INC30,752$1.25Mshares
CCJCAMECO CORP14,625$1.23Mshares

How Q4 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 0001745907-26-000002 base2026-02-06acceptance time not in the bulk data set