- 01 Val Zlatev's Analog Century Management, a $2.1B hard-tech hedge fund founded in 2018, filed its Q1 2026 13F-HR with the SEC on May 15, 2026.
- 02 Portfolio value rose three percent quarter-over-quarter, from $2.03B on December 31, 2025 to $2.09B on March 31, 2026, with name count moving from 24 to 25 after seven full exits and ten share-count reductions.
- 03 Top five positions: NVIDIA $131M (+2%), Lumentum Holdings $111M (-53%), Broadcom $110M (+36%), Akamai Technologies $106M (new), Advanced Energy Industries $105M (-30%).
- 04 New buys: Arm Holdings $105M, Akamai $106M, VIAVI Solutions $92M, STMicroelectronics $81M, Silicon Motion $60M, Marvell $38M, plus adds in Broadcom (+36%) and Astera Labs (+63%). Cuts and exits: Micron -60%, Applied Materials -31%, Tower Semiconductor -43%, full exits in KLA, Camtek, Monolithic Power Systems, ON Semiconductor, Allegro MicroSystems, Universal Display, and TE Connectivity.
- 05 Watch: whether Arm Holdings and Akamai builds press past $150M into the top three, whether the Micron position continues to a full exit, and whether any AI-power name (Constellation Energy, Vistra, GE Vernova, Talen Energy, Bloom Energy) enters the portfolio in Q2 2026.
How Analog Century Management Moved Last Quarter
What to Watch
AI infrastructure sizing. Will Arm, Akamai, Marvell, and other new AI-related positions become core holdings, or remain smaller tactical allocations?
Memory and chip equipment exposure. After sharp reductions in Micron, Applied Materials, and other semiconductor equipment names, the next filing will show whether Analog Century is completing an exit or resetting exposure ahead of the next cycle.
AI power exposure. Unlike many recent tech-focused 13Fs, Analog Century has no dedicated AI-power allocation. Future filings may show whether the thesis expands beyond semiconductors.
Primary Filings & Announcements
Analog Century Management LP Q1 2026 13F-HR Information Table (SEC EDGAR, accession 0001420506-26-001142, period 3/31/2026, filed May 15, 2026)
Analog Century Management LP Q1 2026 13F-HR Filing Index (SEC EDGAR)
Analog Century Management LP 13F-HR filing history (SEC EDGAR, CIK 0001753384)
Market Coverage
NVIDIA (NVDA) price and news (Yahoo Finance)
Lumentum Holdings (LITE) price and news (Yahoo Finance)
Broadcom (AVGO) price and news (Yahoo Finance)
Background & Analysis
Analog Century Management LP Form ADV summary (SEC Investment Adviser Public Disclosure)
Analog Century Management LP full EDGAR filing history (SEC EDGAR)
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