Value Aligned Research Advisors, LLC

Hedge Fund • Long/Short

Value Aligned Research Advisors, LLC is a Long/Short Hedge Fund led by David Michael Field, managing $4.3B across 42 long positions as of Q3 2025 with 43% Technology concentration, 67% concentrated in top 10 holdings, and 43% technology allocation.

Managing PartnerDavid Michael Field

Portfolio Value: $4.3B
Positions: 42
Top Holding: CRWV at 9.72%
Last Reported: Q3 2025

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Top Holdings

Largest long holdings in Value Aligned Research Advisors, LLC's portfolio (67.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 CoreWeave, Inc. CRWV	Software - Infrastructure Technology	$421.4M	9.72%	+$421.4M New	0.62% 3.1M shares	Q2 2025 Held for 5 months
2 Vertiv Holdings Co VRT	Electrical Equipment & Parts Industrials	$335.1M	7.73%	+$70.5M Bought	0.58% 2.2M shares	Q2 2023 Held for 2y 5m
3 Celestica CLS	Hardware, Equipment & Parts Technology	$335.0M	7.73%	+$41.5M Bought	1.18% 1.4M shares	Q2 2024 Held for 1y 5m
4 Constellation Energy CEG	Renewable Utilities Utilities	$310.6M	7.17%	+$75.4M Bought	0.30% 943.9K shares	Q4 2024 Held for 11 months
5 Vistra VST	Independent Power Producers Utilities	$306.1M	7.06%	+$38.0M Bought	0.46% 1.6M shares	Q4 2024 Held for 11 months
6 Bloom Energy BE	Electrical Equipment & Parts Industrials	$272.7M	6.29%	+$99.8M Bought	1.38% 3.2M shares	Q4 2024 Held for 11 months
7 Astera Labs, Inc. ALAB	Semiconductors Technology	$269.9M	6.23%	+$38.6M Bought	0.83% 1.4M shares	Q1 2024 Held for 1y 8m
8 Micron Technology MU	Semiconductors Technology	$248.3M	5.73%	-$67.6M Sold	0.13% 1.5M shares	Q4 2022 Held for 2y 11m
9 Nebius Group N.V. NBIS	Unknown Unknown	$225.6M	5.21%	-$24.6M Sold	0.81% 2.0M shares	Q4 2024 Held for 11 months
10 Talen Energy Corporation TLN	Unknown Unknown	$189.3M	4.37%	+$29.2M Bought	0.97% 445.0K shares	Q1 2025 Held for 8 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Value Aligned Research Advisors, LLC's latest filing

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Market Value

$4.3B

Prior: $2.2B

Q/Q Change

+93.63%

+$2.1B

Net Flows % of MV

+26.35%

Turnover Ratio

22.02%

New Purchases

8 stocks

$619.7M

Added To

25 stocks

+$889.5M

Sold Out Of

2 stocks

$23.1M

Reduced Holdings

7 stocks

-$344.1M

Increased Positions

Position	Shares Δ	Change
1 CoreWeave, Inc. CRWV	New	0 → 3.1M +$421.4M
2 Cipher Mining Inc. CIFR	New	0 → 5.1M +$64.3M
3 Snowflake SNOW	New	0 → 212.8K +$48.0M
4 Comfort Systems USA FIX	New	0 → 54.7K +$45.1M
5 EMCOR Group EME	New	0 → 27.2K +$17.7M

Decreased Positions

Position	Shares Δ	Change
1 Core Scientific, Inc. CORZ	Sold	1.3M → 0 −$23.0M
2 Advanced Micro Devices AMD	Sold	623.0 → 0 −$88.4K
3 General Electric GEV	-85.78%	384.7K → 54.7K −$202.9M
4 Alphabet Inc. GOOGL	-83.96%	71.7K → 11.5K −$14.6M
5 Fabrinet FN	-39.65%	193.6K → 116.8K −$28.0M