Tech Portfolio Overview - LS - 2024/12/19 -some changes according to market (PnL accumulating)

Portfolio Overview - Low Net Portfolio

12/19

The Long portfolio is constructed to capture AI beneficiary in different countries, with a slight side dish for tech diffusion beneficiaries in US. On the Short side, recently there are more short squeezes toward year-end with hedge funds taking profit, such as GlobalFoundries, Soitec. Also it is triggered by Biden's movement to initiate 301 investigation toward China mature node. However, we see mature node oversupply already a structural issue and doesn't think this will move the needle.

On AUM of $300M, cash level 13.4%, current profit is $8.6M.

Portfolio Changes

We take profit on a Taiwan stock as some catalyst realizing. Reserving more cash now to prepare for 2025! Please subscribe to see portfolio changes!