Tairen Capital Ltd
Tairen Capital Ltd, managed by Terry Zhang, reported 44 positions worth $1.13B in its 2026 Q2 13F filing: 24 new and 24 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +154.5% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +28.2% | +11.4% |
| 2025 Q3 | +9.7% | +7.6% |
| 2025 Q4 | +1.6% | +3.1% |
| 2026 Q1 | +0.1% | -5.8% |
| 2026 Q2 | +78.0% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $216.24M | 19.10% | +178.4% |
| AMD | ADVANCED MICRO DEVICES INC | $99.39M | 8.80% | +6.7% |
| LITE | LUMENTUM HLDGS INC | $91.78M | 8.10% | +95.4% |
| MRVL | MARVELL TECHNOLOGY INC | $86.05M | 7.60% | NEW |
| GLW | CORNING INC | $75.14M | 6.60% | +8.8% |
| INTC | INTEL CORP | $65.53M | 5.80% | -45% |
| QCOM | QUALCOMM INC | $56.12M | 5.00% | NEW |
| CVX | CHEVRON CORPORATION | $52.61M | 4.60% | NEW |
| HOOD | ROBINHOOD MKTS INC | $51.44M | 4.50% | -0.6% |
| CLS | CELESTICA INC | $39.40M | 3.50% | NEW |
| AVGO | BROADCOM INC | $37.46M | 3.30% | NEW |
| MU | MICRON TECHNOLOGY INC | $36.71M | 3.20% | -87.8% |
| BKR | BAKER HUGHES COMPANY | $32.41M | 2.90% | +19.6% |
| CIEN | CIENA CORP | $17.03M | 1.50% | NEW |
| NOK | NOKIA CORP | $16.15M | 1.40% | NEW |
| TER | TERADYNE INC | $15.48M | 1.40% | -39.5% |
| XE | X-ENERGY INC | $11.68M | 1.00% | NEW |
| SLB | SLB LIMITED | $11.62M | 1.00% | NO CHANGE |
| TCOM | TRIP COM GROUP LTD | $10.93M | 0.97% | +46.3% |
| AXTI | AXT INC | $10.09M | 0.89% | NEW |
| SITM | SITIME CORP | $9.32M | 0.82% | NEW |
| ROOT | ROOT INC | $8.99M | 0.79% | NO CHANGE |
| BABA | ALIBABA GROUP HLDG LTD | $8.45M | 0.75% | -52.4% |
| KLIC | KULICKE & SOFFA INDS INC | $8.40M | 0.74% | NEW |
| BWXT | BWX TECHNOLOGIES INC | $7.79M | 0.69% | NEW |
| SMCI | SUPER MICRO COMPUTER INC | $6.99M | 0.62% | NEW |
| ONTO | ONTO INNOVATION INC | $6.62M | 0.59% | NEW |
| INIO | INNIO NV | $6.29M | 0.56% | NEW |
| SMTC | SEMTECH CORP | $6.00M | 0.53% | NEW |
| POET | POET TECHNOLOGIES INC | $5.55M | 0.49% | NEW |
| EDU | NEW ORIENTAL ED & TECHNOLOGY | $4.71M | 0.42% | -33.9% |
| SNAP | SNAP INC | $4.00M | 0.35% | -42.6% |
| BIDU | BAIDU INC | $2.99M | 0.26% | NEW |
| SNDK | SANDISK CORP | $2.74M | 0.24% | -97.7% |
| SDRL | SEADRILL LTD | $2.33M | 0.21% | NEW |
| RIG | TRANSOCEAN LTD | $2.18M | 0.19% | NEW |
| VAL | VALARIS LTD | $2.16M | 0.19% | NEW |
| SMCIP | SUPER MICRO COMPUTER INC | $1.04M | 0.09% | NEW |
| ASML | ASML HLDG NV | $686.36K | 0.06% | -98.4% |
| UMC | UNITED MICROELECTRONICS CORP | $469.92K | 0.04% | NEW |
| ORCLPR | ORACLE CORP | $449.50K | 0.04% | NEW |
| AMAT | APPLIED MATLS INC | $289.20K | 0.03% | -99.5% |
| LRCX | LAM RESEARCH CORP | $260.00K | 0.02% | -99.6% |
| DDL | DINGDONG CAYMAN LTD | $63.69K | 0.00% | NO CHANGE |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.