13F Insight
DOSSIER · 13F-HR · Q2 2026

Trivest Advisors Ltd

$3.2B in tracked AUM across 15 positions as of Q2 2026.

TA
CIK 0001555623 · last filed Jun 30, 2026
Total AUM
$3.2B
as of Q2 2026
Holdings
15
—
positions
Whale Score
79
79
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Trivest Advisors' Q1 2026 13F is a $1.39B, 29-position portfolio whose AUM fell dramatically from $2.19B in Q4 2025 to $1.39B in Q1 2026 (-$803M, -36.7%) -- one of the steepest single-quarter AUM contractions in this cohort -- driven by coordinated reductions across the portfolio's prior mega-cap technology core (NVIDIA -73.5% shares, -$190.9M; Broadcom -94.5% shares, -$240.3M; Microsoft -95.2% shares, -$177.9M; Sandisk -96.4% shares, -$103.6M; Amazon -77.5% shares, -$70.8M; Western Digital -60.6% shares, -$57.4M; Futu -48.3% shares, -$50.5M; Alphabet -35.4% shares, -$28.2M; Trip.com -64.3% shares, -$27.4M). The manager rotated into a new semiconductor-and-semiconductor-equipment core: Micron (+28.1% shares, +$90.2M, the portfolio's new anchor at $264.9M, 19.1%), Lam Research (+8.8% shares, +$45.9M, $174.3M, 12.6%), Lumentum (+19.1% shares, +$83.4M, $149.0M, 10.7%), and new opens in Teradyne ($135.4M, 9.8%, semiconductor test equipment), Bloom Energy ($132.8M, 9.6%, solid-oxide fuel cells), and Coherent ($14.9M, 1.1%, laser-and-optical components). The quarter's 38 total changes (8 new, 9 sold, 8 increased, 13 decreased) reflects a near-complete portfolio reconstruction: the manager sold 9 positions from Q4 (Alphabet A, NVIDIA, Broadcom, Microsoft, Sandisk, Amazon, Futu, Trip.com, Morgan Stanley, Disney, KKR, Blackstone, EchoStar, Meta, VXX, Hut 8, Terawulf, Alibaba, Coreweave) and opened 8 new positions concentrated in semiconductor equipment, data storage, optical components, testing, and industrial tech. A 77.25 whaleScore on $1.39B reflects AUM threshold. The portfolio is best read as a concentrated technology-and-semiconductor hedge fund that completed a major thematic rotation in Q1 2026: exiting mega-cap AI-and-cloud names (NVIDIA, Broadcom, Microsoft) that had driven 2024-2025 returns and rotating into the semiconductor-and-semiconductor-equipment supply chain (Micron, Lam, Lumentum, Teradyne) and adjacent data-and-energy infrastructure (Bloom Energy, Corning, Coherent) that the manager views as the next cycle's winners.

The prior quarter's book -- Q4 2025 -- was a showcase of 2024-2025's winning trades: Alphabet Class A ($286.6M, 13.1%), NVIDIA ($253.6M, 11.6%), Broadcom ($252.7M, 11.5%), Microsoft ($184.7M, 8.4%), Micron ($174.7M, 8.0%), Western Digital ($150.7M, 6.9%), Lam Research ($128.4M, 5.9%), Sandisk ($114.6M, 5.2%), Bloom Energy ($97.8M, 4.5%), Seagate ($89.2M, 4.1%), Amazon ($88.9M, 4.1%), Futu ($88.7M, 4.1%), Alphabet C ($69.0M, 3.2%), Lumentum ($65.6M, 3.0%), Trip.com ($36.5M, 1.7%), Morgan Stanley ($17.2M), Disney ($13.9M), KKR ($9.9M), Blackstone ($7.0M), EchoStar ($6.9M), Meta ($6.6M), VXX ($5.3M), Hut 8 ($4.7M), Terawulf ($4.6M), Alibaba ($3.6M), Coreweave ($716K) -- a portfolio that was a near-perfect reflection of the 2024-2025 AI-and-Bitcoin-and-mega-cap-growth cycle. Q1 2026 is a decisive pivot away from that theme.

The new core is semiconductor-and-equipment. Micron Technology ($264.9M, 19.1%, 784,100 shares, +28.1% shares, +$90.2M from $174.7M) -- memory-and-semiconductor -- is the portfolio's new anchor position and the quarter's largest absolute increase. The $90.2M add into Micron signals the manager's conviction that the memory cycle (DRAM, NAND) is entering an up-cycle driven by AI-server demand and supply discipline. Lam Research ($174.3M, 12.6%, 815,700 shares, +8.8% shares, +$46.0M from $128.4M) -- semiconductor capital equipment (etch, deposition, clean) -- was increased; Lam is the dominant semiconductor equipment name and benefits from every new chip fab and advanced-node capacity expansion. Lumentum Holdings ($149.0M, 10.7%, 212,000 shares, +19.1% shares, +$83.4M from $65.6M) -- optical-semiconductor components (laser diodes, photodetectors, optical transceivers for data centers) -- was the quarter's second-largest percentage increase and signals the manager's conviction in the data-center-optical-networking layer of the AI infrastructure buildout. Together Micron, Lam, and Lumentum at $588.2M (42.4% of AUM) form the portfolio's new anchor.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
G7997R103
SEAGATE TECHNOLOGY HOLDINGS
$712M738K22.4%02
MU
MICRON TECHNOLOGY INC
$698M605K21.9%03
WDC
WESTERN DIGITAL CORP
$628M983K19.7%04
LRCX
LAM RESEARCH CORP
$373M860K11.7%05
SNDK
SANDISK CORP
$270M119K8.5%06
BE
BLOOM ENERGY CORP- A
$239M788K7.5%07
NVDA
NVIDIA CORP
$89M444K2.8%08
GOOG
ALPHABET INC-CL C
$51M144K1.6%09
VXX
IPATH SERIES B S&P 500 VIX HEDGEFUND
$29M1.3M0.9%10
CIFR
CIPHER DIGITAL INC
$16M662K0.5%

Filing history

2026Q2Jun 30
$3.2B▲ 129.1%
15 positionsView →2026Q1Mar 31
$1.4B▼ 36.6%
29 positionsView →2025Q4Dec 31
$2.2B▲ 7.3%
30 positionsView →2025Q3Sep 30
$2.0B▼ 20.7%
22 positionsView →2025Q2Jun 30
$2.6B▲ 118.3%
36 positionsLocked2025Q1Mar 31
$1.2B▼ 46.5%
21 positionsLocked2024Q4Dec 31
$2.2B▲ 25.1%
45 positionsLocked2024Q3Sep 30
$1.8B▼ 8.8%
35 positionsLocked2024Q2Jun 30
$1.9B▼ 32.2%
20 positionsLocked2024Q1Mar 31
$2.8B▲ 29.4%
27 positionsLocked2023Q4Dec 31
$2.2B▲ 62.2%
28 positionsLocked2023Q3Sep 30
$1.4B▼ 53.3%
20 positionsLocked
Showing 12 of 27