E20 Capital Ltd 13F: Quarter-over-Quarter Portfolio Changes
E20 Capital Ltd reported a disclosed portfolio value of approximately $1.1 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 284.6% quarter on quarter. Over the quarter, the fund initiated 12 new positions, bought more shares in 8 holdings, trimmed 2 holdings, and exited 10 positions.
E20 Capital Ltd's top buy was a new stake in Tower Semiconductor LTD (TSEM) , equal to 10.1% of the disclosed portfolio. Its top sell was Axt INC (AXTI) . The fund sold 32.0% of its previously reported shares, reducing the position's portfolio weight by 6.9 percentage points.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| TOWER SEMICONDUCTOR LTD | TSEM | 10.1% | History → |
| CIENA CORP | CIEN | 3.9% | History → |
| ASTERA LABS INC | ALAB | 3.1% | Holders → |
| MACOM TECH SOLUTIONS HLDGS I | MTSI | 2.9% | Holders → |
| TERADYNE INC | TER | 2.8% | Holders → |
| COHERENT CORP | COHR | 2.7% | Holders → |
| TE CONNECTIVITY PLC | TEL | 2.4% | Holders → |
| SEMTECH CORP | SMTC | 2.0% | Holders → |
| QORVO INC | QRVO | 2.0% | Holders → |
| MARVELL TECHNOLOGY INC | MRVL | 1.2% | Holders → |
| TESLA | TSLA | 0.9% | Holders → |
| QNITY ELECTRONICS INC | Q | 0.5% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| CORNING INC | GLW | +5.2% | +926.6% | History → |
| TAIWAN SEMIC-ADR | TSM | +1.9% | +614.5% | History → |
| LUMENTUM HLDGS INC | LITE | +8.8% | +606.9% | History → |
| MODINE MFG CO | MOD | +0.6% | +212.6% | Holders → |
| INTEL CORP | INTC | +-2.9% | +144.9% | History → |
| MICRON TECHNOLOGY INC | MU | +-1.4% | +141.5% | History → |
| NVIDIA CORPORATION COM | NVDA | +-5.1% | +120.0% | History → |
| ALPHABET CL C | GOOG | +-6.7% | +9.9% | Holders → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| AXT INC | AXTI | -6.9% | 32.0% | History → |
| SANDISK CORP | SNDK | -7.7% | 28.5% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| SPDR GOLD TR | GLD | 4.3% |
| VIKING HOLDINGS LTD | VIK | 3.8% |
| UNITEDHEALTH GROUP | UNH | 3.2% |
| JOYY INC | JOYY | 2.6% |
| ROBINHOOD MKTS INC | HOOD | 2.6% |
| LAM RESEARCH CORP | LRCX | 1.9% |
| APPLIED OPTOELECTRONICS INC | AAOI | 0.8% |
| FAIR ISAAC CORP | FICO | 0.6% |
| BROADCOM | AVGO | 0.4% |
| MERCADOLIBRE INC | MELI | 0.1% |
Net Portfolio Value ChangeQ1 2026
- $0.3BPrior quarter
- $1.1BCurrent quarter
- +$0.8BNet delta
- +284.6%% change
Methodology & FAQ
How E20 Capital Ltd Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for E20 Capital Ltd: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did E20 Capital Ltd buy in Q1 2026?
In Q1 2026, E20 Capital Ltd initiated 12 new positions (TOWER SEMICONDUCTOR LTD (TSEM), CIENA CORP (CIEN), ASTERA LABS INC (ALAB), MACOM TECH SOLUTIONS HLDGS I (MTSI), TERADYNE INC (TER), COHERENT CORP (COHR), TE CONNECTIVITY PLC (TEL), SEMTECH CORP (SMTC), QORVO INC (QRVO), MARVELL TECHNOLOGY INC (MRVL), TESLA (TSLA), QNITY ELECTRONICS INC (Q)); bought more shares of CORNING INC (GLW), TAIWAN SEMIC-ADR (TSM), LUMENTUM HLDGS INC (LITE), MODINE MFG CO (MOD), INTEL CORP (INTC) — the largest 5 of 8 adds.
What stocks did E20 Capital Ltd sell in Q1 2026?
In Q1 2026, E20 Capital Ltd fully sold 10 positions (SPDR GOLD TR (GLD), VIKING HOLDINGS LTD (VIK), UNITEDHEALTH GROUP (UNH), JOYY INC (JOYY), ROBINHOOD MKTS INC (HOOD), LAM RESEARCH CORP (LRCX), APPLIED OPTOELECTRONICS INC (AAOI), FAIR ISAAC CORP (FICO), BROADCOM (AVGO), MERCADOLIBRE INC (MELI)); reduced holdings in AXT INC (AXTI), SANDISK CORP (SNDK).
Which positions did E20 Capital Ltd initiate in Q1 2026?
E20 Capital Ltd established 12 new positions in Q1 2026: TOWER SEMICONDUCTOR LTD (TSEM, 10.1%), CIENA CORP (CIEN, 3.9%), ASTERA LABS INC (ALAB, 3.1%), MACOM TECH SOLUTIONS HLDGS I (MTSI, 2.9%), TERADYNE INC (TER, 2.8%), COHERENT CORP (COHR, 2.7%), TE CONNECTIVITY PLC (TEL, 2.4%), SEMTECH CORP (SMTC, 2.0%), QORVO INC (QRVO, 2.0%), MARVELL TECHNOLOGY INC (MRVL, 1.2%), TESLA (TSLA, 0.9%), QNITY ELECTRONICS INC (Q, 0.5%).
Which existing positions saw the largest allocation increases for E20 Capital Ltd in Q1 2026?
Of 8 existing positions with share-count increases in Q1 2026, the largest were: CORNING INC (GLW, +5.2% weight, +926.6% shares), TAIWAN SEMIC-ADR (TSM, +1.9% weight, +614.5% shares), LUMENTUM HLDGS INC (LITE, +8.8% weight, +606.9% shares), MODINE MFG CO (MOD, +0.6% weight, +212.6% shares), INTEL CORP (INTC, +-2.9% weight, +144.9% shares), MICRON TECHNOLOGY INC (MU, +-1.4% weight, +141.5% shares), NVIDIA CORPORATION COM (NVDA, +-5.1% weight, +120.0% shares), ALPHABET CL C (GOOG, +-6.7% weight, +9.9% shares).
Which positions did E20 Capital Ltd fully exit in Q1 2026?
E20 Capital Ltd fully exited 10 positions in Q1 2026: SPDR GOLD TR (GLD, last-reported weight 4.3%), VIKING HOLDINGS LTD (VIK, last-reported weight 3.8%), UNITEDHEALTH GROUP (UNH, last-reported weight 3.2%), JOYY INC (JOYY, last-reported weight 2.6%), ROBINHOOD MKTS INC (HOOD, last-reported weight 2.6%), LAM RESEARCH CORP (LRCX, last-reported weight 1.9%), APPLIED OPTOELECTRONICS INC (AAOI, last-reported weight 0.8%), FAIR ISAAC CORP (FICO, last-reported weight 0.6%), BROADCOM (AVGO, last-reported weight 0.4%), MERCADOLIBRE INC (MELI, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for E20 Capital Ltd in Q1 2026?
Of 2 existing positions with share-count reductions in Q1 2026, the largest were: AXT INC (AXTI, -6.9% weight, -32.0% shares), SANDISK CORP (SNDK, -7.7% weight, -28.5% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.