E20 Capital Ltd: AXT INC (AXTI): Quarterly 13F Position History
As of Q1 2026, E20 Capital Ltd reported 2,068,550 shares of AXT INC (AXTI), worth $117.9M and representing 11.1% of its 13F equity book. Quarter-over-quarter share count change: 973,731 (-32.0%) . The position first appeared in Q4 2025 and has been disclosed across 2 13F-HR filings in Pactolio's tracked window.
- 2,068,550Shares Held (Latest Filing)
- $117.9MReported Market Value (Latest Filing)
- 11.1%Portfolio Weight (% of 13F Equity Book)
- 973,731Quarter-over-Quarter Share Change
- +$68.1MQuarter-over-Quarter Value Change
- 3,042,281Peak Reported Shares (Historical)
Recent initiation: E20 Capital Ltd first reported AXTI on the Q4 2025 filing — fewer than three quarters of history are available.
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 2 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 2,068,550 | 973,731 | -32.0% | $117.9M | 11.1% | $57.0 |
| Q4 2025 | 3,042,281 | — | — | $49.7M | 17.9% | $16.4 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did E20 Capital Ltd first disclose a AXTI position in 13F-HR filings?
E20 Capital Ltd first reported AXT INC (AXTI) on its 13F-HR filing for the period ending 2025-12-31 (Q4 2025). The position has appeared on 2 reported quarters within Pactolio's tracked window.
What was E20 Capital Ltd's most recent quarter-over-quarter share-count change in AXTI?
Between Q4 2025 and Q1 2026, E20 Capital Ltd reduced its AXTI position by 973,731 shares (-32.0%), leaving 2,068,550 shares at a market value of $117.9M.
Does the implied price-per-share represent E20 Capital Ltd's cost basis in AXTI?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.