Ashva Capital Management

• Q2 2026 Letter to Investors ↗ Micron Technology is Ashva Capital’s largest position, based on the view that AI-driven memory demand, constrained capacity and take-or-pay customer agreements are making its historically cyclical economics more durable. Ashva favors concentrated holdings with improving earnings and cash flow, while using options to improve entries, generate income and shape downside exposure. Q2 2026 MU $743B

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