This Fast-Rising Fund Has Been Crushing the Market — Nvidia, Micron and TSMC are Reasons Why

Prime Capital Management, run by Liu Yijun, has materially outperformed the market this year driven by concentrated bets in Nvidia (NVDA), Taiwan Semiconductor (TSM), Micron (MU) and Tesla (TSLA). Micron was a new buy last quarter and has surged ~82% over the past three months, while Tesla—Prime’s largest holding—has risen about 20% over the past year. The article presents the fund’s concentrated, high-conviction positioning in semiconductor and AI-related names as the main reason for its strong performance and suggests tracking 13-F filings to see which managers timed the semi/AI trade best. Market implication: smart-money concentration in a handful of megacap AI and chip names has driven outsized returns versus broad benchmarks, reinforcing investor interest in following hedge fund positioning and selectivity within the AI/chip theme.