# EDGAR Filing Document

**Accession Number:** 0001963565
**File Stem:** 0001963565-25-000004
**Filing Date:** 2025-11
**Character Count:** 12503
**Document Hash:** 97ff9aef3a5b8b8e5bb4248e4aa1f59b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001963565-25-000004.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001963565-25-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Value Aligned Research Advisors, LLC
- **CENTRAL INDEX KEY:** 0001963565

**ORGANIZATION NAME:**
- **EIN:** 874771771
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22768
- **FILM NUMBER:** 251487648

**BUSINESS ADDRESS:**
- **STREET 1:** 51 PARK PLACE
- **CITY:** PRINCETON
- **STATE:** NJ
- **ZIP:** 08542
- **BUSINESS PHONE:** 609-933-2503

**MAIL ADDRESS:**
- **STREET 1:** 51 PARK PLACE
- **CITY:** PRINCETON
- **STATE:** NJ
- **ZIP:** 08542

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Value Aligned Research Advisors LLC<br>**Address:** 51 PARK PLACE<br>PRINCETON, NJ 08542

**Form 13F File Number:** 028-22768

**CRD Number (if applicable):** 000319135

**SEC File Number (if applicable):** 801-123703

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Alexis B. Campos<br>**Title:** COO/CCO<br>**Phone:** 908-560-9207

**Signature, Place, and Date of Signing:**

/s/Alexis B. Campos  PRINCETON, NJ  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 80

**Form 13F Information Table Value Total:** $6828267512

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AAON INC | COM PAR $0.004 | 000360206 | BBG001S6CZK0 | 45933796 | 491586 | SH |  | SOLE |  | 491586 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 71559717 | 4423 | SH | Call | SOLE |  | 4423 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 2796136 | 11502 | SH |  | SOLE |  | 11502 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 338176410 | 13911 | SH | Call | SOLE |  | 13911 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 1165387 | 4785 | SH |  | SOLE |  | 4785 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1080724 | 4922 | SH |  | SOLE |  | 4922 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 288998034 | 13162 | SH | Call | SOLE |  | 13162 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 16357965 | 745 | SH | Put | SOLE |  | 745 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 53115818 | 2086 | SH | Put | SOLE |  | 2086 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 31227150 | 152521 | SH |  | SOLE |  | 152521 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 18938450 | 925 | SH | Call | SOLE |  | 925 | 0 | 0 |
| ARGAN INC | COM | 04010E109 | BBG001SJP7D8 | 39185065 | 145103 | SH |  | SOLE |  | 145103 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 | BBG00TDKHWK6 | 176770198 | 902810 | SH |  | SOLE |  | 902810 | 0 | 0 |
| BITDEER TECHNOLOGIES GROUP | CL A ORD SHS | G11448100 | BBG0142Q8PB4 | 22498985 | 1316500 | SH |  | SOLE |  | 1316500 | 0 | 0 |
| BKV CORP | COM | 05603J108 | BBG00YNGK494 | 3947181 | 170652 | SH |  | SOLE |  | 170652 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 | BBG001T53509 | 180825037 | 2138170 | SH |  | SOLE |  | 2138170 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 | BBG001T53509 | 1463061 | 173 | SH | Call | SOLE |  | 173 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 72550178 | 219909 | SH |  | SOLE |  | 219909 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 275441859 | 8349 | SH | Call | SOLE |  | 8349 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 83335266 | 2526 | SH | Put | SOLE |  | 2526 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 | BBG001S9CXM7 | 316388631 | 1284149 | SH |  | SOLE |  | 1284149 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 | BBG001S9CXM7 | 3326130 | 135 | SH | Call | SOLE |  | 135 | 0 | 0 |
| CIPHER MINING INC | COM | 17253J106 | BBG00XYHY0L1 | 36185561 | 2874151 | SH |  | SOLE |  | 2874151 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 | BBG001S5S6N6 | 44741610 | 415351 | SH |  | SOLE |  | 415351 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 | BBG001S5S6N6 | 786356 | 73 | SH | Call | SOLE |  | 73 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 | BBG001SB1GG8 | 30544038 | 37015 | SH |  | SOLE |  | 37015 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRPJ9 | 190404509 | 578614 | SH |  | SOLE |  | 578614 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRPJ9 | 9378495 | 285 | SH | Call | SOLE |  | 285 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRPJ9 | 4343724 | 132 | SH | Put | SOLE |  | 132 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 274710227 | 2007382 | SH |  | SOLE |  | 2007382 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 64757420 | 4732 | SH | Call | SOLE |  | 4732 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG001S5QVG1 | 12102879 | 18633 | SH |  | SOLE |  | 18633 | 0 | 0 |
| EQT CORP | COM | 26884L109 | BBG001S5QXJ4 | 127731153 | 2346705 | SH |  | SOLE |  | 2346705 | 0 | 0 |
| EQT CORP | COM | 26884L109 | BBG001S5QXJ4 | 13574842 | 2494 | SH | Call | SOLE |  | 2494 | 0 | 0 |
| FABRINET | SHS | G3323L100 | BBG001SP57F4 | 24873283 | 68217 | SH |  | SOLE |  | 68217 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 25665926 | 41740 | SH |  | SOLE |  | 41740 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 184470 | 3 | SH | Call | SOLE |  | 3 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 8731580 | 142 | SH | Put | SOLE |  | 142 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 | BBG00DHTYPJ6 | 22177782 | 491965 | SH |  | SOLE |  | 491965 | 0 | 0 |
| HALLADOR ENERGY COMPANY | COM | 40609P105 | BBG001S8HST8 | 6277254 | 320759 | SH |  | SOLE |  | 320759 | 0 | 0 |
| HUT 8 CORP | COM | 44812J104 | BBG00390LJJ8 | 51578395 | 1481712 | SH |  | SOLE |  | 1481712 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 378333285 | 112767 | SH | Call | SOLE |  | 112767 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 | BBG010J28KR1 | 169979240 | 3621974 | SH |  | SOLE |  | 3621974 | 0 | 0 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 | BBG001SFGL81 | 508960 | 80 | SH | Put | SOLE |  | 80 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 | BBG001SMDNB1 | 3702600 | 900 | SH | Put | SOLE |  | 900 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | BBG001SK77D5 | 39879120 | 7468 | SH | Put | SOLE |  | 7468 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 21341180 | 19786 | SH |  | SOLE |  | 19786 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 38215863 | 285406 | SH |  | SOLE |  | 285406 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 19723470 | 1473 | SH | Call | SOLE |  | 1473 | 0 | 0 |
| LEGENCE CORP | CL A | 52476L109 | BBG01WRYRR87 | 6008258 | 195010 | SH |  | SOLE |  | 195010 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 133829061 | 799839 | SH |  | SOLE |  | 799839 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 120236152 | 7186 | SH | Call | SOLE |  | 7186 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 7596328 | 454 | SH | Put | SOLE |  | 454 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 193713 | 374 | SH |  | SOLE |  | 374 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 189673290 | 3662 | SH | Call | SOLE |  | 3662 | 0 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 | BBG001TBY593 | 135026568 | 1202695 | SH |  | SOLE |  | 1202695 | 0 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 | BBG001TBY593 | 25687376 | 2288 | SH | Call | SOLE |  | 2288 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 | BBG001SDD8F0 | 87585799 | 540820 | SH |  | SOLE |  | 540820 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 | BBG001SDD8F0 | 502045 | 31 | SH | Call | SOLE |  | 31 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 18146584 | 97259 | SH |  | SOLE |  | 97259 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 543544856 | 29132 | SH | Call | SOLE |  | 29132 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 186841212 | 10014 | SH | Put | SOLE |  | 10014 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 98434000 | 3500 | SH | Call | SOLE |  | 3500 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 21627356 | 769 | SH | Put | SOLE |  | 769 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 59140980 | 3555 | SH | Put | SOLE |  | 3555 | 0 | 0 |
| RIOT PLATFORMS INC | COM | 767292105 | BBG001SDW128 | 64205850 | 3373928 | SH |  | SOLE |  | 3373928 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 | BBG007DHGNK2 | 28174353 | 124914 | SH |  | SOLE |  | 124914 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 | BBG007DHGNK2 | 11142170 | 494 | SH | Call | SOLE |  | 494 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 189917 | 680 | SH |  | SOLE |  | 680 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 510542120 | 18280 | SH | Call | SOLE |  | 18280 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 304007165 | 10885 | SH | Put | SOLE |  | 10885 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 | BBG01GWQVW78 | 109168672 | 256638 | SH |  | SOLE |  | 256638 | 0 | 0 |
| TERAWULF INC | COM | 88080T104 | BBG0122MC919 | 9775463 | 855995 | SH |  | SOLE |  | 855995 | 0 | 0 |
| TSS INC DEL | COM | 87288V101 | BBG001SMD6B8 | 7319881 | 404190 | SH |  | SOLE |  | 404190 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8LM7 | 211916210 | 1404721 | SH |  | SOLE |  | 1404721 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8LM7 | 52242818 | 3463 | SH | Call | SOLE |  | 3463 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8LM7 | 6547324 | 434 | SH | Put | SOLE |  | 434 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 191818023 | 979063 | SH |  | SOLE |  | 979063 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 11461320 | 585 | SH | Call | SOLE |  | 585 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 10168248 | 519 | SH | Put | SOLE |  | 519 | 0 | 0 |

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