Pinnacle Capital AsiaPCA SOF Portfolio
Pinnacle Capital Asia · Strategic Opportunities Fund

One connected thesis, not a list of stocks.

PCA SOF owns the whole build-out of artificial intelligence, from the equipment that makes the chips to the power that runs them to the software on top, surrounded by a ring of other secular growth. Every holding links to the others through the supply chains, customers, and rivalries they actually share.

Explore the value chain See all holdings
The spine

The AI value chain

The fund owns every layer of the stack, so it captures the spend wherever it lands.

01Equipment
Tools that make the chips
Disco Corporation6146.T
02Foundry
Fabricates the silicon
TSMCTSM (ADR) / 2330.TW
03Silicon
Compute, memory, interconnect
NVIDIANVDAMicron TechnologyMUMarvell TechnologyMRVL
04Power
Electricity for datacentres
Constellation EnergyCEGVistraVST
05Cloud
Hyperscale build-out
AmazonAMZNMicrosoftMSFTAlphabetGOOGLMeta PlatformsMETA
06Software
Data, security, workflow
SnowflakeSNOWDatadogDDOGCrowdStrikeCRWDZscalerZSServiceNowNOWSalesforceCRM
07Consumer
Where AI meets the user
NetflixNFLXRobloxRBLXMeta PlatformsMETA
The diversifying ring, lower AI-capex correlation
AdyenADYEN.ASPayPalPYPLTencent0700.HKMercadoLibreMELILi Ning2331.HKBYD1211.HK / 002594.SZBioNTechBNTXIQVIAIQV
The book

Holdings

27 positions. Filter by theme, position, or geography, or sort any column.

27 of 27
ADYEN.ASDigital PaymentsCompounderSatelliteNetherlands (global)
GOOGLCloud Computing / AI Applications / SearchCore CompounderCoreUnited States
AMZNCloud Computing / E-CommerceCore CompounderCoreUnited States
BNTXHealthcare InnovationOptionality / AsymmetricSatelliteGermany
1211.HKElectrification & EVCompounder / ThematicSatelliteChina
CEGAI Power DemandReturn Driver / ThematicCore-SatelliteUnited States
CRWDCybersecurity (Endpoint / AI-native)CompounderSatelliteUnited States
DDOGCloud Observability / AI MonitoringCompounderSatelliteUnited States
6146.TSemiconductor EquipmentCompounder / OptionalitySatelliteJapan
IQVHealthcare Innovation / Healthcare Data InfrastructureCompounder / DiversifierSatelliteUnited States (global)
2331.HKChina ConsumerValue / Consumer DiversifierSatelliteChina
MRVLAI Networking & InterconnectReturn DriverCoreUnited States
MELIEmerging Market Digital Ecosystems / LatAmCompounderSatelliteLatin America
METAAI Consumer Applications / Digital AdvertisingCore CompounderCoreUnited States
MUAI Memory & HBMReturn DriverCoreUnited States
MSFTCloud Computing / Enterprise AICore CompounderCoreUnited States
NFLXDigital Media & StreamingCompounderSatelliteUnited States (global revenue)
NVDAAI Compute & AcceleratorsReturn DriverCoreUnited States
PYPLDigital PaymentsValue / TurnaroundSatelliteUnited States (global)
RBLXDigital Media & Streaming / Future Consumer PlatformOptionalitySatelliteUnited States (global users)
CRMEnterprise Software / AI CRMCompounder / Value-GrowthSatelliteUnited States
NOWEnterprise Software / AI Workflow AutomationCore CompounderCore-SatelliteUnited States
SNOWAI Data LayerCompounder / OptionalitySatelliteUnited States
0700.HKEmerging Market Digital Ecosystems / China DigitalCompounder / Value-GrowthSatelliteChina
TSMSemiconductor Foundry & ManufacturingReturn DriverCoreTaiwan
VSTAI Power DemandReturn Driver / ThematicSatelliteUnited States
ZSCybersecurity (Zero-Trust Network)CompounderSatelliteUnited States
The reasoning

Research notes

The fund identity, the thesis, and how the book is put together.

Fund

Themes

Construction

Readings