Value Aligned Research Advisors
Value Aligned Research Advisors, managing assets worth $20.71 billion, is led by a team renowned for their deep analytical expertise and a strong track record in value investing. The firm adopts a rigorous, research-intensive approach to identify undervalued stocks across a diverse range of sectors. Their investment philosophy emphasizes long-term capital appreciation through active management and a focus on intrinsic value.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings — not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares — not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with ≥$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 30 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| NVDACALL | $3.04B | 14.68% | $174.40 | $196.40 | +12.6% | 14.7% | |
| GOOGLCALL | $2.30B | 11.12% | $287.39 | $368.82 | +28.3% | 11.1% | |
| AMZNCALL | $2.06B | 9.96% | $208.27 | $245.84 | +18.0% | 10.0% | |
| TSMCALL | $930.3M | 4.49% | $337.16 | $431.42 | +28.0% | 4.5% | |
| LITE | $743.0M | 3.59% | $702.76 | $692.65 | -1.4% | 3.6% | |
| CRWV | $641.5M | 3.10% | $77.47 | $81.81 | +5.6% | 3.1% | |
| TSMPUT | $635.8M | 3.07% | $337.16 | $431.42 | +28.0% | 3.1% | |
| BE | $621.2M | 3.00% | $135.49 | $263.35 | +94.4% | 3.0% | |
| NBIS | $603.2M | 2.91% | $103.76 | $196.30 | +89.2% | 2.9% | |
| INTCCALL | $558.4M | 2.70% | $44.13 | $108.87 | +146.7% | 2.7% | |
| VRT | $486.1M | 2.35% | $250.53 | $301.20 | +20.2% | 2.4% | |
| CLS | $420.1M | 2.03% | $281.68 | $342.86 | +21.7% | 2.0% | |
| STX | $358.3M | 1.73% | $391.48 | $817.91 | +108.9% | 1.7% | |
| WDC | $350.4M | 1.69% | $270.42 | $527.17 | +94.9% | 1.7% | |
| ORCLCALL | $334.6M | 1.62% | $146.60 | $140.84 | -3.9% | 1.6% | |
| COHR | $306.1M | 1.48% | $238.21 | $310.00 | +30.1% | 1.5% | |
| FIX | $294.6M | 1.42% | $1378.45 | $1666.26 | +20.9% | 1.4% | |
| AVGOCALL | $283.8M | 1.37% | $309.02 | $368.40 | +19.2% | 1.4% | |
| ASMLCALL | $275.7M | 1.33% | $1317.95 | $1732.65 | +31.5% | 1.3% | |
| EQT | $266.5M | 1.29% | $63.46 | $51.73 | -18.5% | 1.3% | |
| FTAI | $262.4M | 1.27% | $244.59 | $227.32 | -7.1% | 1.3% | |
| FCX | $259.9M | 1.26% | $58.65 | $58.95 | +0.5% | 1.3% | |
| AMAT | $250.1M | 1.21% | $341.37 | $546.00 | +59.9% | 1.2% | |
| MUCALL | $242.8M | 1.17% | $337.79 | $911.16 | +169.7% | 1.2% | |
| LRCX | $235.1M | 1.14% | $213.51 | $320.94 | +50.3% | 1.1% | |
| KLAC | $211.2M | 1.02% | $147.05 | $213.23 | +45.0% | 1.0% | |
| NVDAPUT | $174.6M | 0.84% | $174.40 | $196.40 | +12.6% | 0.8% | |
| MSFTCALL | $167.8M | 0.81% | $369.37 | $390.36 | +5.7% | 0.8% | |
| EME | $165.0M | 0.80% | $737.94 | $762.75 | +3.4% | 0.8% | |
| IREN | $163.4M | 0.79% | $34.28 | $40.51 | +18.2% | 0.8% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (8)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| WDC | $350.4M | +94.9% | |
| FTAICALL | $262.4M | -7.1% | |
| FCXCALL | $259.9M | +0.5% | |
| WULFCALL | $113.3M | ||
| AAOICALL | $107.3M | ||
| FCXCALL | $102.4M | +0.5% | |
| ZMCALL | $88.6M | ||
| SNDKCALL | $66.8M |
Exited Positions (6)
| Ticker | Issuer | Notional |
|---|---|---|
| AGX | $40.4M | |
| GTLB | $27.4M | |
| GLXY | $23.7M | |
| AAON | $3.2M | |
| EWT | $0.3M | |
| GTLB | $0.3M |
Increased (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| TSM | $930.1M | +404723.5% | +28.0% | |
| TSM | $635.6M | +276561.8% | +28.0% | |
| AMZN | $2.06B | +201157.6% | +18.0% | |
| MSFT | $167.6M | +121103.2% | +5.7% | |
| ASML | $275.4M | +102707.9% | +31.5% | |
| GOOGL | $2.30B | +69500.9% | +28.3% | |
| ASML | $93.0M | +34652.7% | +31.5% | |
| BECALL | $619.7M | +26401.3% | +94.4% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| TSM | $-555.3M | -100.0% | +28.0% | |
| BTDRCALL | $-36.6M | -100.0% | ||
| MSFT | $-205.0M | -99.9% | +5.7% | |
| TSM | $-394.0M | -99.9% | +28.0% | |
| STXCALL | $-34.7M | -99.9% | +108.9% | |
| AMZN | $-470.6M | -99.8% | +18.0% | |
| BECALL | $-299.7M | -99.5% | +94.4% | |
| COHRCALL | $-244.7M | -99.5% | +30.1% |
Quarter Activity
During the quarter, Value Aligned Research Advisors initiated significant new positions in Western Digital Corporation (WDC), Fortress Transportation and Infrastructure Investors LLC (FTAI), and Freeport-McMoRan Inc. (FCX), with investments totaling $350 million, $262 million, and $260 million respectively. The fund also exited positions in Argan, Inc. (AGX), GitLab Inc. (GTLB), and Galaxy Digital Holdings Ltd. (GLXY), among others. Notably, there were substantial increases in holdings of Taiwan Semiconductor Manufacturing Company (TSM) and Amazon.com, Inc. (AMZN), while there were reductions in the same TSM positions and others like Microsoft Corporation (MSFT) and Seagate Technology Holdings PLC (STX).
AI Commentary
<p>Value Aligned Research Advisors' portfolio showcases a strong conviction in the technology sector, particularly in major tech companies and semiconductor manufacturers. The top holdings include significant call positions in NVIDIA Corporation (NVDA) at $3,041M (14.7% of the portfolio), Alphabet Inc. (GOOGL) at $2,302M (11.1%), and Amazon.com Inc. (AMZN) at $2,063M (10.0%). Additionally, the fund holds both call and put options in Taiwan Semiconductor Manufacturing (TSM), indicating a complex strategy around this key player in the semiconductor industry. This sector concentration suggests a bullish outlook on technology and semiconductors, reflecting a belief in continued growth or significant market movements within these industries.</p> <p>The recent quarter's activity indicates a strategic adjustment in Value Aligned Research Advisors' portfolio, with new positions in Western Digital Corp (WDC) at $350M, Fortress Transportation and Infrastructure Investors LLC (FTAI) at $262M, and Freeport-McMoRan Inc. (FCX) at $260M, suggesting a diversification into data storage, transportation, and mining sectors. The closure of positions in smaller or less significant holdings such as Argan Inc. (AGX) and GitLab Inc. (GTLB) alongside massive percentage increases in existing stakes in TSM and Amazon (AMZN) reflect a reallocation of capital towards more promising or stable investments. This shift could signal a macroeconomic view favoring robust sectors like technology and basic materials amidst a volatile market environment.</p>