Ai-squared Management Ltd 13F annual report
Ai-squared Management Ltd is an investment fund managing more than $110 billion ran by Lim, Michelle. There are currently 23 companies in Michelle’s portfolio. The largest investments include PDD Inc and TAL Education, together worth $54.2 billion.
$110 billion Assets Under Management (AUM)
As of 2nd August 2024, Ai-squared Management Ltd’s top holding is 347,151 shares of PDD Inc currently worth over $46.2 billion and making up 42.1% of the portfolio value.
Relative to the number of outstanding shares of PDD Inc, Ai-squared Management Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 758,442 shares of TAL Education worth $8.09 billion, whose value fell 33.0% in the past six months.
The third-largest holding is Amazon.com worth $7.67 billion and the next is Dell Technologies Inc worth $5.83 billion, with 42,300 shares owned.
Currently, Ai-squared Management Ltd's portfolio is worth at least $110 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Ai-squared Management Ltd
The Ai-squared Management Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Lim, Michelle serves as the Partner/COO at Ai-squared Management Ltd.
Recent trades
In the most recent 13F filing, Ai-squared Management Ltd revealed that it had opened a new position in
Amazon.com and bought 39,700 shares worth $7.67 billion.
This means they effectively own approximately 0.1% of the company.
Amazon.com makes up
11.3%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 20.3% in the past year.
The investment fund also strengthened its position in TAL Education by buying
286,942 additional shares.
This makes their stake in TAL Education total 758,442 shares worth $8.09 billion.
TAL Education soared 32.5% in the past year.
On the other hand, there are companies that Ai-squared Management Ltd is getting rid of from its portfolio.
Ai-squared Management Ltd closed its position in Taiwan Semiconductor Mfg Ltd on 9th August 2024.
It sold the previously owned 71,400 shares for $9.71 billion.
Lim, Michelle also disclosed a decreased stake in PDD Inc by 0.2%.
This leaves the value of the investment at $46.2 billion and 347,151 shares.
One of the smallest hedge funds
The two most similar investment funds to Ai-squared Management Ltd are Innova Wealth Partners and Omnistar. They manage $110 billion and $109 billion respectively.
Lim, Michelle investment strategy
Ai-squared Management Ltd’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 62.1% of
the total portfolio value.
The fund focuses on investments in the China as
30.4% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
57% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $56.9 billion.
The complete list of Ai-squared Management Ltd trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| PDD Holdings Inc |
15.08%
347,151
|
$46,153,725,000 | 42.12% |
| Taiwan Semiconductor Mfg Ltd |
Closed
71,400
|
$9,713,970,000 | |
| KE Holdings Inc. |
Closed
638,810
|
$8,770,861,000 | |
| TAL Education Group |
60.86%
758,442
|
$8,092,576,000 | 7.39% |
| Amazon.com Inc. |
Opened
39,700
|
$7,672,025,000 | 7.00% |
| Dell Technologies Inc |
Opened
42,300
|
$5,833,593,000 | 5.32% |
| NetEase Inc |
12.87%
57,600
|
$5,505,408,000 | 5.02% |
| Western Digital Corp. |
251.28%
68,500
|
$5,190,245,000 | 4.74% |
| New Oriental Ed Technology |
Opened
55,800
|
$4,337,334,000 | 3.96% |
| Trip.com Group Ltd |
56.71%
66,500
|
$3,125,500,000 | 2.85% |
| Advanced Micro Devices Inc. |
Opened
18,400
|
$2,984,664,000 | 2.72% |
| Micron Technology Inc. |
Closed
25,000
|
$2,947,250,000 | |
| Qualcomm, Inc. |
Closed
16,500
|
$2,793,450,000 | |
| Qifu Technology Inc. |
36.05%
110,500
|
$2,180,165,000 | 1.99% |
| Futu Hldgs Ltd |
Opened
29,700
|
$1,948,469,000 | 1.78% |
| Enphase Energy Inc |
Opened
18,500
|
$1,844,635,000 | 1.68% |
| Atour Lifestyle Hldgs Ltd |
39.87%
95,100
|
$1,745,085,000 | 1.59% |
| MGM Resorts International |
Opened
36,700
|
$1,630,948,000 | 1.49% |
| Snowflake Inc. |
Opened
11,800
|
$1,594,062,000 | 1.45% |
| Airbnb, Inc. |
Opened
10,000
|
$1,516,300,000 | 1.38% |
| Alibaba Group Hldg Ltd |
77.81%
20,500
|
$1,476,000,000 | 1.35% |
| NVIDIA Corp |
Opened
11,800
|
$1,457,772,000 | 1.33% |
| Onto Innovation Inc. |
Opened
6,600
|
$1,449,096,000 | 1.32% |
| NIO Inc |
Opened
334,200
|
$1,390,272,000 | 1.27% |
| Direxion Shs Etf Tr |
Opened
182,100
|
$1,387,602,000 | 1.27% |
| Direxion Shs Etf Tr |
Closed
189,750
|
$1,383,278,000 | |
| Valens Semiconductor Ltd |
60.18%
332,241
|
$1,059,849,000 | 0.97% |
| Lufax Holding Ltd |
Closed
244,650
|
$1,032,423,000 | |
| Li Auto Inc. |
Closed
20,900
|
$632,852,000 | |
| VNET Group Inc |
99.22%
2,434
|
$5,099,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
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