The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCED ENERGY INDUSTRIES ORD COM 007973100 124,145,202 332,945 SH SOLE 332,945 0 0
AMPHENOL CL A ORD CL A 032095101 142,800,334 809,893 SH SOLE 809,893 0 0
ANALOG DEVICES ORD COM 032654105 114,163,736 287,443 SH SOLE 287,443 0 0
APPLIED MATERIAL ORD COM 038222105 158,781,645 219,615 SH SOLE 219,615 0 0
ASTERA LABS ORD COM 04626A103 122,503,049 253,619 SH SOLE 253,619 0 0
BROADCOM ORD COM 11135F101 98,409,919 260,516 SH SOLE 260,516 0 0
CIENA ORD COM NEW 171779309 110,963,691 226,198 SH SOLE 226,198 0 0
FABRINET ORD SHS G3323L100 63,344,168 112,696 SH SOLE 112,696 0 0
HEWLETT PACKARD ENTERPRISE ORD COM 42824C109 105,658,266 2,342,236 SH SOLE 2,342,236 0 0
INSIGHT ENTERPRISES ORD COM 45765U103 94,025,459 771,966 SH SOLE 771,966 0 0
LUMENTUM HOLDINGS ORD COM 55024U109 109,049,129 127,088 SH SOLE 127,088 0 0
MACOM TECHNOLOGY SOLUTIONS ORD COM 55405Y100 112,700,968 296,293 SH SOLE 296,293 0 0
MARVELL TECHNOLOGY ORD COM 573874104 104,142,046 349,599 SH SOLE 349,599 0 0
MICRON TECHNOLOGY ORD COM 595112103 137,509,413 119,129 SH SOLE 119,129 0 0
MOTOROLA SOLUTIONS ORD COM NEW 620076307 56,775,957 136,714 SH SOLE 136,714 0 0
NEBIUS CL A ORD SHS CLASS A N97284108 98,366,507 356,181 SH SOLE 356,181 0 0
NVIDIA ORD COM 67066G104 135,599,792 677,694 SH SOLE 677,694 0 0
ONTO INNOVATION ORD COM 683344105 126,183,556 333,422 SH SOLE 333,422 0 0
SANDISK ORD COM 80004C200 65,799,472 28,939 SH SOLE 28,939 0 0
SILICON MOTION TECHNO ADR REP 4 ORD SPONSORED ADR 82706C108 120,832,792 362,502 SH SOLE 362,502 0 0
STMICROELECTRONICS ADR NY REGISTRY 861012102 77,189,048 1,030,699 SH SOLE 1,030,699 0 0
TAIWAN SEMICONDUCTOR MNFTG ADR 5 ORD SPONSORED ADR 874039100 141,593,297 296,487 SH SOLE 296,487 0 0
TOWER SEMICONDUCTOR ORD SHS NEW M87915274 93,767,325 359,758 SH SOLE 359,758 0 0
TTM TECHNOLOGIES ORD COM 87305R109 109,481,695 585,401 SH SOLE 585,401 0 0
VIAVI SOLUTIONS ORD COM 925550105 108,252,449 2,267,067 SH SOLE 2,267,067 0 0