AI-Squared Management Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
AI-Squared Management Ltd disclosed 20 US equity positions worth $96.0m in its Q3 2025 13F filing. The largest position was PDD at 24.8% of the reported book, followed by BIDU and ONTO. Against the Q2 2025 filing, it opened 16 new positions, added to 3 and reduced 1 among the top 20 holdings.
What did AI-Squared Management Ltd own in Q3 2025? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PDD PDD HOLDINGS INC | Consumer Cyclical | 24.8% | $23.9m | 180,508 | 389% | added |
| 2 | BIDU BAIDU INC | Communication Services | 12.0% | $11.6m | 87,750 | – | new |
| 3 | ONTO ONTO INNOVATION INC | Technology | 8.1% | $7.8m | 60,300 | – | new |
| 4 | ATAT ATOUR LIFESTYLE HLDGS LTD | Consumer Cyclical | 6.3% | $6.1m | 161,158 | 13% | added |
| 5 | HTZ HERTZ GLOBAL HLDGS INC | Industrials | 6.2% | $6.0m | 878,900 | – | new |
| 6 | OLED UNIVERSAL DISPLAY CORP | Technology | 5.7% | $5.5m | 38,400 | – | new |
| 7 | AAOI APPLIED OPTOELECTRONICS INC | Technology | 5.3% | $5.0m | 194,500 | – | new |
| 8 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 4.2% | $4.0m | 22,626 | -57% | reduced |
| 9 | VNET VNET GROUP INC | Technology | 4.1% | $3.9m | 377,280 | – | new |
| 10 | INTC INTEL CORP | Technology | 4.0% | $3.8m | 113,400 | – | new |
| 11 | GDS GDS HLDGS LTD | Technology | 4.0% | $3.8m | 98,280 | 793% | added |
| 12 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 3.8% | $3.6m | 278,700 | – | new |
| 13 | LITE LUMENTUM HLDGS INC | Technology | 2.0% | $2.0m | 12,000 | – | new |
| 14 | CLS CELESTICA INC | Technology | 1.9% | $1.9m | 7,600 | – | new |
| 15 | AMKR AMKOR TECHNOLOGY INC | Technology | 1.9% | $1.8m | 64,800 | – | new |
| 16 | AMD ADVANCED MICRO DEVICES INC | Technology | 1.9% | $1.8m | 11,200 | – | new |
| 17 | JBL JABIL INC | Technology | 1.8% | $1.8m | 8,100 | – | new |
| 18 | HTHT H WORLD GROUP LTD | Consumer Cyclical | 1.2% | $1.2m | 29,600 | – | new |
| 19 | IQ IQIYI INC | Communication Services | 0.4% | $362.0k | 141,400 | – | new |
| 20 | FUTU FUTU HLDGS LTD | Financial Services | 0.3% | $313.0k | 1,800 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.