Value Aligned Research Advisors, LLC

CIK 0001963565 · Q2 2026

13F Equity AUM

$40.1B

+93.7% QoQ

Positions

+11 QoQ

AUM Rank

#207

Top 2%

Skill Alpha (FF)

+35.4%/yr^ns

No Clear Edge

Rank #56 · Top 0.7%

vs S&P +45.2%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 46.8%Top 10: 66.8%Top 20: 83.9%

NVDA12.7%

GOOGL11.9%

AMZN11.8%

TSM5.4%

MU5.0%

YNDX4.8%

INTC4.4%

BE4.2%

CRWV4.2%

AVGO2.4%

Others (62)33.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology54.6%

Communication Services16.9%

Consumer Cyclical11.8%

Industrials9.6%

Financial Services3.6%

Other3.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 72Median: 0.46%Avg: 1.39%

0–0.5%

37(5.2%)

0.5–1%

13(8.8%)

1–3%

13(21.6%)

3–5%

4(17.6%)

5%+

5(46.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 72vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New13Increased30Decreased21Exited2

New Positions

CEREBRAS SYSTEMS INC0.6%

+1.1M

SATS0.5%

+2.0M

FORGENT POWER SOLUTI…0.4%

+3.2M

SPACE EXPLORATION TE…0.3%

+590K

CRDO0.2%

+338K

FERVO ENERGY CO0.2%

+2.2M

META0.1%

+100K

INNIO NV0.1%

+1.4M

BW0.1%

+2.4M

KEEL INFRASTRUCTURE …0.1%

+5.3M

Increased

AMZN11.8%

+9.9M(+99%)

CRWV4.2%

+7.0M(+71%)

NVDA12.7%

+6.1M(+32%)

WULF0.9%

+5.9M(+65%)

GOOGL11.9%

+5.4M(+67%)

IREN1.1%

+4.4M(+82%)

CORZ0.6%

+1.7M(+22%)

ZM0.6%

+1.5M(+136%)

AVGO2.4%

+1.3M(+100%)

BTDR0.2%

+1.2M(+29%)

Decreased

FCX0.5%

-2,956,562(-48%)

HUT0.5%

-1,442,224(-46%)

LBRT0.0%

-1,264,006(-99%)

LRCX0.3%

-1,000,859(-77%)

RIOT0.3%

-995,774(-19%)

COHR0.3%

-966,009(-75%)

AMAT0.4%

-662,113(-75%)

INTC4.4%

-503,741(-4%)

SNOW0.1%

-481,340(-78%)

TAC0.1%

-456,366(-18%)

Exited

SEI

-896,985

BITF

-7,942,921

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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