13F filer · CIK 2045724 ↗
Situational Awareness
You are looking at Q2 2025. See the latest, Q2 2026 →
Reported value
$2.12B
+111% on the quarter before
Positions
9
1 new · 4 sold out
Top 10
100.0%
of the value
Est. gain
+$233.9M
on stocks held all quarter
Est. return
+67.9%
on those stocks since Q1 2025
Positions as of Jun 30, 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 Q1 2025. Striped tiles are options.
Largest buys
Since Q1 2025, 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.
- Vaneck ETF TrustPUT~$570.1MNew · 0.0% → 26.9%+2,044,100 underlying
- Vistra~$145.0MAdded · 6.1% → 11.6%+748,332 shares
- Broadcom~$135.5MAdded · 11.7% → 15.5%+491,606 shares
- Eqt Corp~$67.4MAdded · 5.3% → 5.9%+1,155,947 shares
- Core Scientific~$59.3MAdded · 3.3% → 6.4%+3,472,460 shares
- Iren Limited~$44.2MAdded · 2.0% → 4.4%+3,034,254 shares
- Constellation Energy Corp~$43.8MAdded · 3.7% → 4.9%+135,800 shares
- Applied Digital Corp~$25.7MAdded · 2.3% → 3.1%+2,556,200 shares
Largest sells
Since Q1 2025, 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.
- Onto Innovation~$71.2MSold out · 7.1% → 0.0%−586,717 shares
- Modine~$55.0MSold out · 5.5% → 0.0%−716,824 shares
- CoreWeave~$45.4MSold out · 4.5% → 0.0%−1,225,000 shares
- Talen Energy Corp~$29.6MSold out · 2.9% → 0.0%−148,395 shares
Holdings
As of Jun 30, 2025. Changes are in shares against Mar 31, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vaneck ETF TrustPUTSEMICONDUCTR ETF · shares New | 26.9% | $570.1M | — | ||||||||
| IntelCALLCOM · shares 0% | 21.4% | $453.3M | — | ||||||||
| BroadcomCOM · shares +70% · price +64.6% | 15.5% | $328.5M | +$75.8M | ||||||||
| VistraCOM · shares +142% · price +65.0% | 11.6% | $246.9M | +$40.2M | ||||||||
| Core ScientificCOM · shares +77% · price +135.8% | 6.4% | $136.5M | +$44.4M | ||||||||
| Eqt CorpCOM · shares +117% · price +9.2% | 5.9% | $125.1M | +$4.8M | ||||||||
| Constellation Energy CorpCOM · shares +74% · price +60.1% | 4.9% | $103.0M | +$22.2M | ||||||||
| Iren LimitedORDINARY SHARES · shares +90% · price +139.2% | 4.4% | $93.3M | +$28.5M | ||||||||
| Applied Digital CorpCOM NEW · shares +63% · price +79.2% | 3.1% | $66.4M | +$18.0M | ||||||||
| Total · 9 positions | 100% | $2.12B | +$233.9M |
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 Q1 2025 to Q2 2025: 7 stocks held throughout, up $233.9M (+67.9%).
- Broadcom+$75.8M+65%
- Core Scientific+$44.4M+136%
- Vistra+$40.2M+65%
- Iren Limited+$28.5M+139%
- Constellation Energy Corp+$22.2M+60%
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 ↗ |