Situational Awareness LP, a $13.7B tech mega fund managed by Gen Z AI savant Leopold Aschenbrenner, has filed its 13F quarterly disclosure with the United States Securities and Exchange Commission, providing the investing public with a moment-in-time snapshot of its portfolio at…
e end of the first quarter of 2026. What’s the Scoop? – Chipmaker Shorts: At the end of the first quarter, Aschenbrenner’s Situational Awareness held an astonishing $8.46B worth of notional put exposure against a wide array of chipmaker stocks, including $2B of notional put exposure against the VanEck Semiconductor ETF (NASDAQ: SMH) and $1.6B of notional put exposure against AI mega cap Nvidia (NASDAQ: NVDA)
Compounding on these broader bets, the fund also opened put positions against Broadcom (NASDAQ: AVGO), Oracle (NYSE: ORCL), Advanced Micro Devices (NASDAQ: AMD), Micron Technology (NASDAQ: MU), ASML Holdings (NASDAQ: ASML), Intel (NASDAQ: INTC), Corning Glass Works (NYSE: GLW), and Taiwan Semiconductor (NYSE: TSM). – Bullish Bets: California-based biofuel company Bloom Energy (NYSE: BE) remained Aschenbrenner’s largest bull bet, with Situational Awareness holding 6.5M shares worth $879M and call options to 409k shares with a notional value of $55M. The fund opened calls in memory darling Sandisk (NASAQ: SNDK) to complement its existing 1M+ common stock position, alongside calls on chipmakers Micron Technology (NASDAQ: MU) and Taiwan Semiconductor (NYSE: TSM), signaling it is making selective bets in the sector intended to monetize volatility. Further, Situational Awareness increased its positions in crypto mining/data center operators CleanSpark (NASDAQ: CLSK), Riot Platforms (NASDAQ: RIOT), Applied Digital (NASDAQ APLD), and IREN Limited (NASDAQ: IREN). – Late Filing: Although 13F filings were due on Friday (all institutional investment managers with over $100M of securities holdings must file the disclosure with the SEC within 45 days or quarter end), Situational Awarness failed to…