Value Aligned Research Advisors, LLC

2. Key Holdings

The portfolio is dominated by companies central to the artificial intelligence (AI) infrastructure build-out and the energy required to power it.

• NVIDIA (NVDA) remains the crown jewel of the portfolio, valued at $748.5 million (15.10%). The firm increased its stake by 51.3%, adding over $329 million, signaling sustained confidence in the primary beneficiary of the AI chip boom.
• CoreWeave (CRWV) is the second-largest holding at $486.1 million (9.80%). This position saw a massive increase of 801.1%, suggesting the firm views specialized cloud computing as a critical leverage point on AI demand.
• Broadcom (AVGO) and Vertiv (VRT) hold the 3rd and 4th spots, respectively. Vertiv, which provides critical cooling and power infrastructure for data centers, saw a 21.8% increase, aligning with the physical reality of AI expansion.
• Utilities & Power: Notably, Vistra Corp (VST) (6.61%) and Constellation Energy (CEG) (6.54%) occupy the top 10. This highlights a unique "picks and shovels" approach where the firm is betting on the electricity providers necessary to sustain the AI revolution.