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Livermore
Livermore
ZHEN

Hel Ved Capital Management Ltd

SEC CIK
0001840129
Latest filing
Aug 14, 2026

The latest 13F from Hel Ved Capital Management Ltd covers Q2 2026 (filed Aug 14, 2026): 63 long positions worth $709.7M. The top 10 holdings make up 48.9% of the portfolio, and the largest is Sandisk Corp (SNDK) at 6.7%. Livermore has 20 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
30
Est. +$339.1M
Added
12
Est. +$95.7M
Reduced
16
Est. −$323.6M
Sold out
19
Est. −$263.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. SNDKSandisk Corp
    6.7%$47.7MHistory
  2. GLWCorning Inc
    6.2%$44.1MHistory
  3. iShares Semiconductor ETF464287523
    5.9%$41.6M
  4. INTCIntel Corp
    5.5%$38.9MHistory
  5. QCOMQualcomm Inc
    5.3%$37.8MHistory

Share of portfolio

Top 5 holdings and the other 58 positions, by share of portfolio value

  1. SNDK6.7%
  2. GLW6.2%
  3. iShares Semiconductor ETF5.9%
  4. INTC5.5%
  5. QCOM5.3%
  6. Other 58 positions70.4%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Semiconductor ETF464287523
    +$41.6MNew
  2. QCOMQualcomm Inc
    +$37.8MNewHistory
  3. NBISNebius Group N.V.
    +$32.3MNewHistory
  4. TERTeradyne, Inc
    +$30.2MNewHistory
  5. GLWCorning Inc
    +$22.6MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares Semiconductor ETF464287523
    +5.87 pp0.0% → 5.9%
  2. QCOMQualcomm Inc
    +5.33 pp0.0% → 5.3%History
  3. NBISNebius Group N.V.
    +4.55 pp0.0% → 4.5%History
  4. TERTeradyne, Inc
    +4.25 pp0.0% → 4.2%History
  5. GLWCorning Inc
    +4.24 pp2.0% → 6.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VanEck Semiconductor ETF92189F676
    −$205.6MSold out
  2. SNDKSandisk Corp
    −$108.5MReducedHistory
  3. QQnity Electronics, Inc.
    −$62.6MReducedHistory
  4. INTCIntel Corp
    −$58.8MReducedHistory
  5. CIENCiena Corp
    −$27.1MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. VanEck Semiconductor ETF92189F676
    −35.56 pp35.6% → 0.0%
  2. QQnity Electronics, Inc.
    −7.60 pp8.0% → 0.4%History
  3. CIENCiena Corp
    −3.69 pp4.3% → 0.6%History
  4. LITELumentum Holdings Inc.
    −2.69 pp2.7% → 0.0%History
  5. SOLSSolstice Advanced Materials Inc.
    −2.57 pp2.9% → 0.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$709.7M
+$131.5M (+22.8%) vs. prior quarter
Positions
63
+11 vs. prior quarter
Top 10 concentration
48.9%
Top 10 as share of value
Turnover
67.5%
Q2 2026, one quarter
Average holding period
1.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $709.7M (Q2 2026)

Q1 2021: $116.8MQ4 2021: $152.9MQ2 2022: $163.1MQ3 2022: $130.0MQ4 2022: $155.2MQ1 2023: $187.4MQ2 2023: $228.2MQ3 2023: $299.6MQ4 2023: $337.8MQ1 2024: $403.1MQ2 2024: $283.9MQ3 2024: $212.3MQ4 2024: $326.3MQ1 2025: $198.3MQ2 2025: $222.3MQ3 2025: $184.3MQ4 2025: $289.3MQ1 2026: $578.1MQ2 2026: $709.7M
Q1 2021Q2 2026
13F filings of Hel Ved Capital Management Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202663$709.7MSNDKGLWiShares Semiconductor ETFvs. Q1 2026SEC
Q1 2026May 15, 202652$578.1MVanEck Semiconductor ETFQSNDKvs. Q4 2025SEC
Q4 2025Feb 13, 202649$289.3MLITECOHRCIENvs. Q3 2025SEC
Q3 2025Nov 13, 202562$184.3MPONYEDUPSIXvs. Q2 2025SEC
Q2 2025Aug 13, 202558$222.3MLITEInvesco QQQ Trust Series IEDUvs. Q1 2025SEC
Q1 2025May 14, 202561$198.3MTSMLXMUvs. Q4 2024SEC
Q4 2024Feb 13, 202576$326.3MFLEXLITEKEYSvs. Q3 2024SEC
Q3 2024Nov 13, 202450$212.3MEDUCOINiShares Russell 2000 ETFvs. Q2 2024SEC
Q2 2024Aug 14, 202447$283.9MCOINGEVEDUvs. Q1 2024SEC
Q1 2024May 14, 202449$403.1MCOINVRTTSMvs. Q4 2023SEC
Q4 2023Feb 14, 202452$337.8MPDDBZCOINvs. Q3 2023SEC
Q3 2023Nov 14, 202341$299.6MNVDAMSFTBZvs. Q2 2023SEC
Q2 2023Aug 14, 202331$228.2MNVDABZMSFTvs. Q1 2023SEC
Q1 2023Aug 14, 2023Amended21$187.4MBZMSFTMRVLvs. Q4 2022SEC
Q4 2022Feb 14, 202313$155.2MBABABZBEKEvs. Q3 2022SEC
Q3 2022Nov 14, 202214$130.0MBABABEKEQCOMvs. Q2 2022SEC
Q2 2022Aug 15, 202212$163.1MLRCXLIBEKE–SEC
Q4 2021Feb 14, 202210$152.9M51JOB IncGDSAPI–SEC
Q1 2021May 16, 202210$116.8MBEKEGDSLRCX–SEC