QVR LLC

2. Key Holdings

The portfolio is heavily concentrated in a select group of high-growth and large-cap technology names.

• Tesla (TSLA): This is the largest holding, comprising 20.56% of the portfolio ($407.58M). The firm increased its stake by 502.2%, adding over $340 million. This aggressive accumulation signals a strong conviction in Tesla’s growth trajectory or valuation recovery.
• NVIDIA (NVDA): The second-largest position at 19.19% ($380.46M). QVR increased its exposure by 121.5%, reinforcing a heavy bet on the semiconductor and AI infrastructure sector.
• Alphabet (GOOG/GOOGL): Combined, these positions represent 17.23% of the portfolio. The firm significantly increased its stake in Class A shares (GOOG) by 85.9% and Class C shares (GOOGL) by 46.2%, indicating a broad bullish stance on the search and cloud advertising giant.
• Advanced Micro Devices (AMD): A new position and the fourth-largest holding at 10.68% ($211.78M). The initiation of a position of this size suggests a strategic view on AMD as a key player in the AI chip market complementary to NVIDIA.
• Palantir (PLTR): Representing 8.90% of the portfolio, this position was increased by 29.1%. This aligns with the firm's clear tilt toward AI and data analytics software.
• Amazon (AMZN): A new position accounting for 8.23% ($163.20M), further diversifying the firm's exposure across the "Magnificent Seven" technology leaders.