13F filer · CIK 2045724 ↗
Situational Awareness
You are looking at Q1 2025. See the latest, Q2 2026 →
Reported value
$1.01B
+295% on the quarter before
Positions
12
8 new · 2 sold out
Top 10
95.7%
of the value
Est. gain
−$13.7M
on stocks held all quarter
Est. return
−11.8%
on those stocks since Q4 2024
Positions as of Mar 31, 2025, from Situational Awareness's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
Each tile is a position, sized by its share, colored by what the fund did with it since Q4 2024. Striped tiles are options.
Largest buys
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- IntelCALL~$459.6MNew · 0.0% → 45.7%+20,237,400 underlying
- Broadcom~$117.2MNew · 0.0% → 11.7%+700,000 shares
- Onto Innovation~$71.2MNew · 0.0% → 7.1%+586,717 shares
- Eqt Corp~$52.9MNew · 0.0% → 5.3%+989,398 shares
- Modine~$49.9MAdded · 3.0% → 5.5%+650,457 shares
- CoreWeave~$45.4MNew · 0.0% → 4.5%+1,225,000 shares
- Core Scientific~$32.7MNew · 0.0% → 3.3%+4,521,578 shares
- Applied Digital Corp~$22.7MNew · 0.0% → 2.3%+4,035,600 shares
- Iren Limited~$20.5MNew · 0.0% → 2.0%+3,366,130 shares
- Constellation Energy Corp~$17.5MAdded · 8.5% → 3.7%+87,000 shares
Largest sells
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Marvell Technology Inc~$86.8MSold out · 34.1% → 0.0%−785,896 shares
- Vertiv~$51.7MSold out · 20.3% → 0.0%−455,146 shares
Holdings
As of Mar 31, 2025. Changes are in shares against Dec 31, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| IntelCALLCOM · shares New | 45.7% | $459.6M | — | ||||||||
| BroadcomCOM · shares New | 11.7% | $117.2M | — | ||||||||
| Onto InnovationCOM · shares New | 7.1% | $71.2M | — | ||||||||
| VistraCOM · shares +23% · price −14.8% | 6.1% | $61.8M | −$8.8M | ||||||||
| ModineCOM · shares +980% · price −33.8% | 5.5% | $55.0M | −$2.6M | ||||||||
| Eqt CorpCOM · shares New | 5.3% | $52.9M | — | ||||||||
| CoreWeaveCOM CL A · shares New | 4.5% | $45.4M | — | ||||||||
| Constellation Energy CorpCOM · shares +90% · price −9.9% | 3.7% | $37.0M | −$2.1M | ||||||||
| Core ScientificCOM · shares New | 3.3% | $32.7M | — | ||||||||
| Talen Energy CorpCOM · shares +6.9% · price −0.9% | 2.9% | $29.6M | −$249,980 | ||||||||
| Applied Digital CorpCOM NEW · shares New | 2.3% | $22.7M | — | ||||||||
| Iren LimitedORDINARY SHARES · shares New | 2.0% | $20.5M | — | ||||||||
| Total · 12 positions | 100% | $1.01B | −$13.7M |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q4 2024 to Q1 2025: 4 stocks held throughout, down $13.7M (−11.8%).
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $20.24B+48% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $13.68B+148% | SEC ↗ |
| Q4 2025 | Feb 11, 2026 | $5.52B+33% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $4.14B+95% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $2.12B+111% | SEC ↗ |
| Q1 2025 | May 14, 2025 | $1.01B+295% | SEC ↗ |
| Q4 2024 | Feb 11, 2025 | $254.8M | SEC ↗ |