CloudAlpha Capital Management Limited/Hong Kong

Portfolio Overview

CloudAlpha Capital Management Limited/Hong Kong disclosed 56 positions worth $2.9B in its Form 13F-HR for Q1 2026 — $909.5M in common stock plus $2.0B of put/call option positions (reported at underlying notional value, not premium at risk), led by $QQQ (INVESCO QQQ TRUST, SERIES 1) puts, followed by $SPY and $MSFT. During the quarter the fund opened 31 new positions and exited 33 — including a new stake in $SPY and a full exit from $TSLA. The portfolio is most concentrated in Technology (60.3% of disclosed assets). All figures are sourced directly from CloudAlpha Capital Management Limited/Hong Kong’s Form 13F-HR filing with the SEC under CIK 1745907.

• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ PUT

  —

  Quality

  $467.2M809,500 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY PUT

  —

  Quality

  $422.7M650,000 sh
• 

  MICROSOFT CORP

  $MSFT CALL

  83.7#15

  Quality

  $295.2M797,600 sh

• ISHARES TR PUT

  —

  Quality

  $168.4M512,500 sh
• 

  Lumentum Holdings Inc.

  $LITE

  63.4

  Quality

  $139.4M198,356 sh

• ISHARES TR PUT

  —

  Quality

  $127.7M515,000 sh
• 

  Circle Internet Group, Inc.

  $CRCL

  44.8

  Quality

  $115.0M1,205,610 sh
• 

  CORNING INC /NY

  $GLW CALL

  72.7

  Quality

  $112.9M830,000 sh
• 

  NVIDIA CORP

  $NVDA PUT

  90.2

  Quality

  $101.3M581,000 sh
• 

  MODINE MANUFACTURING CO

  $MOD

  48.8

  Quality

  $92.6M427,256 sh

Company	Quality	Value	Shares
INVESCO QQQ TRUST, SERIES 1$QQQPUT	—	$467.2M	809,500
SPDR S&P 500 ETF TRUST$SPYPUT	—	$422.7M	650,000
MICROSOFT CORP$MSFTCALL	83.7#15	$295.2M	797,600
ISHARES TR PUT	—	$168.4M	512,500
Lumentum Holdings Inc.$LITE	63.4	$139.4M	198,356
ISHARES TR PUT	—	$127.7M	515,000
Circle Internet Group, Inc.$CRCL	44.8	$115.0M	1,205,610
CORNING INC /NY$GLWCALL	72.7	$112.9M	830,000
NVIDIA CORP$NVDAPUT	90.2	$101.3M	581,000
MODINE MANUFACTURING CO$MOD	48.8	$92.6M	427,256

Showing top 10 of 56 holdings.

Full Holdings — CloudAlpha Capital Management Limited/Hong Kong (Q1 2026)

All 56 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$QQQPUT	INVESCO QQQ TRUST, SERIES 1	$467.2M	—	+226%	—
2	$SPYPUT	SPDR S&P 500 ETF TRUST	$422.7M	—	NEW	—
3	$MSFTCALL	MICROSOFT CORP	$295.2M	—	NEW	83.7
4	—	ISHARES TR	$168.4M	—	+121%	—
5	$LITE	Lumentum Holdings Inc.	$139.4M	15.3%	+0%	63.4
6	—	ISHARES TR	$127.7M	—	+122%	—
7	$CRCL	Circle Internet Group, Inc.	$115.0M	12.7%	+75%	44.8
8	$GLWCALL	CORNING INC /NY	$112.9M	—	NEW	72.7
9	$NVDAPUT	NVIDIA CORP	$101.3M	—	NEW	90.2
10	$MOD	MODINE MANUFACTURING CO	$92.6M	10.2%	NEW	48.8
11	$COHR	COHERENT CORP.	$67.2M	7.4%	NEW	64
12	$MSFT	MICROSOFT CORP	$65.5M	7.2%	NEW	83.7
13	$TERCALL	TERADYNE, INC	$57.8M	—	NEW	74.6
14	$GOOG	Alphabet Inc.	$50.2M	5.5%	-41%	80.2
15	$MODCALL	MODINE MANUFACTURING CO	$50.2M	—	NEW	48.8
16	$TSMPUT	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$45.1M	—	NEW	—
17	$SNDK	Sandisk Corp	$44.8M	4.9%	-75%	88.8
18	$SNDKCALL	Sandisk Corp	$38.1M	—	-2%	88.8
19	$CIEN	CIENA CORP	$34.2M	3.8%	-29%	70.7
20	—	VANECK ETF TRUST BDC	$32.0M	—	NEW	—
21	$MUCALL	MICRON TECHNOLOGY INC	$30.6M	—	-28%	88.4
22	$TSLA	Tesla, Inc.	$30.2M	3.3%	-77%	50.1
23	$META	Meta Platforms, Inc.	$30.1M	3.3%	+76%	80.9
24	$VCX	Fundrise Innovation Fund, LLC	$26.6M	2.9%	NEW	—
25	$PWR	QUANTA SERVICES, INC.	$26.1M	2.9%	NEW	62.6
26	$RKLB	Rocket Lab Corp	$23.9M	2.6%	+54%	37.2
27	$LSCCCALL	LATTICE SEMICONDUCTOR CORP	$23.2M	—	NEW	39.2
28	$TER	TERADYNE, INC	$19.8M	2.2%	NEW	74.6
29	$AXTI	AXT INC	$19.1M	2.1%	-76%	30.9
30	$MTZ	MASTEC INC	$18.5M	2.0%	NEW	59.7
31	$MTSI	MACOM Technology Solutions Holdings, Inc.	$17.1M	1.9%	NEW	70.6
32	$AAOI	APPLIED OPTOELECTRONICS, INC.	$15.0M	1.6%	NEW	40.6
33	$MRVL	Marvell Technology, Inc.	$13.8M	1.5%	NEW	77.3
34	$GFSCALL	GLOBALFOUNDRIES Inc.	$13.3M	—	NEW	—
35	$EQIX	EQUINIX INC	$13.0M	1.4%	NEW	61.4
36	$SIMOCALL	Silicon Motion Technology CORP	$12.4M	—	NEW	—
37	—	ARK ETF TR INNOVATION ETF	$10.5M	—	-65%	—
38	$OKTA	Okta, Inc.	$10.5M	1.1%	NEW	67.3
39	$TTMI	TTM TECHNOLOGIES INC	$9.0M	1.0%	-50%	59
40	$GLW	CORNING INC /NY	$6.3M	0.7%	NEW	72.7
41	$MUPUT	MICRON TECHNOLOGY INC	$5.2M	—	NEW	88.4
42	$SATL	Satellogic Inc.	$5.0M	0.6%	NEW	38.3
43	$LEU	CENTRUS ENERGY CORP	$4.7M	0.5%	-84%	65.1
44	$ALABCALL	Astera Labs, Inc.	$3.6M	—	NEW	77.7
45	$API	Agora, Inc.	$2.3M	0.3%	+0%	—
46	$IONQ	IonQ, Inc.	$1.6M	0.2%	+0%	32.8
47	$AEIS	ADVANCED ENERGY INDUSTRIES INC	$1.5M	0.2%	NEW	61.9
48	$CIFR	Cipher Digital Inc.	$1.4M	0.1%	+0%	30.1
49	$RGTI	Rigetti Computing, Inc.	$1.1M	0.1%	+0%	8.1
50	$QBTS	D-Wave Quantum Inc.	$971,139	0.1%	+0%	24.7
51	$SMR	NUSCALE POWER Corp	$910,950	0.1%	+97%	26.6
52	$BFLY	Butterfly Network, Inc.	$880,720	0.1%	NEW	29.5
53	$DASH	DoorDash, Inc.	$705,705	0.1%	NEW	70.6
54	$NRG	NRG ENERGY, INC.	$584,560	0.1%	+0%	59.5
55	$MU	MICRON TECHNOLOGY INC	$3,378	0.0%	-100%	88.4
56	$ALAB	Astera Labs, Inc.	$1,096	0.0%	NEW	77.7