The fund sold its 48,000-share position in STX, acquired in Q4 2025, amid Seagate’s push into HAMR-based storage tech.
Situational Awareness LP liquidated its entire 48,000-share stake in Seagate Technology Holdings plc (NASDAQ:STX), first acquired in the fourth quarter of 2025. The move follows Seagate’s commercialization of its Mozaic 4 platform, leveraging HAMR technology for ultra-high-capacity storage drives.
Seagate began shipping Mozaic 4 in late March, with management projecting HAMR-based exabytes to dominate data center shipments by the end of 2026. The company’s next-gen Mozaic 5 platform is ahead of schedule, targeting 50-terabyte single drives to meet hyperscaler demand.
The fund’s exit comes as Seagate solidifies its leadership in mass-capacity storage, though no immediate market reaction was disclosed.