What Makes Micron Technology (MU) Ashva Capital Management’s Largest Holding?

Investment Strategy - Ashva Capital Management focuses on acquiring interests in high-quality U.S. companies with strong intrinsic value and a commitment to long-term investments, emphasizing valuation discipline and return enhancement [1] Fund Performance - In 2025, Ashva Capital achieved a net return of 2.26% and a gross return of 4.91%, underperforming compared to broad market indices due to the dominance of mega-cap stocks [1] Key Holdings - Micron Technology, Inc. (NASDAQ:MU) is highlighted as the largest holding of Ashva Capital, with a market capitalization of $466.951 billion [2] - Micron Technology's stock closed at $414.88 per share on January 30, 2026, with a 32.91% return in the past month and a remarkable 361.39% increase over the past twelve months [2] Industry Insights - The memory industry is evolving from a commodity-driven business to a strategic input for AI, cloud infrastructure, and data-intensive workloads, with Micron positioned to benefit from this shift [3] - The supply side of the memory industry has consolidated, leading to fewer players, higher capital intensity, and improved pricing discipline, which enhances Micron's potential for higher free cash flow [3] Market Sentiment - Micron Technology is ranked 20th among the 30 most popular stocks among hedge funds, with 105 hedge fund portfolios holding its shares at the end of Q3, an increase from 94 in the previous quarter [4]