13F filer · CIK 2045724 ↗
Situational Awareness
You are looking at Q1 2026. See the latest, Q2 2026 →
Reported value
$13.68B
+148% on the quarter before
Positions
42
23 new · 10 sold out
Top 10
72.7%
of the value
Est. gain
+$752.0M
on stocks held all quarter
Est. return
+30.2%
on those stocks since Q4 2025
Positions as of Mar 31, 2026, 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 2025. Striped tiles are options.
Largest buys
Since Q4 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~$2.04BNew · 0.0% → 14.9%+5,327,900 underlying
- NvidiaPUT~$1.57BNew · 0.0% → 11.5%+8,992,300 underlying
- OraclePUT~$1.07BNew · 0.0% → 7.8%+7,293,000 underlying
- BroadcomPUT~$1.01BNew · 0.0% → 7.4%+3,251,100 underlying
- AMDPUT~$969.2MNew · 0.0% → 7.1%+4,764,100 underlying
- MicronPUT~$583.7MNew · 0.0% → 4.3%+1,727,700 underlying
- TSMCPUT~$535.1MNew · 0.0% → 3.9%+1,583,400 underlying
- ASMLPUT~$494.1MNew · 0.0% → 3.6%+374,100 underlying
- MicronCALL~$422.3MNew · 0.0% → 3.1%+1,250,000 underlying
- SandiskCALL~$388.8MNew · 0.0% → 2.8%+611,900 underlying
Largest sells
Since Q4 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.
- IntelCALL~$746.8MSold out · 13.5% → 0.0%−20,237,400 underlying
- CoreWeaveCALL~$697.2MCut · 14.0% → 1.0%−9,000,000 underlying
- Bloom Energy~$486.5MCut · 15.9% → 6.4%−3,590,614 shares
- Lumentum~$478.6MSold out · 8.7% → 0.0%−1,298,400 shares
- Cipher Mining Inc~$154.5MSold out · 2.8% → 0.0%−10,469,093 shares
- Eqt Corp~$133.0MSold out · 2.4% → 0.0%−2,482,225 shares
- Coherent Corp~$88.6MSold out · 1.6% → 0.0%−480,300 shares
- Tower Semiconductor Ltd~$84.9MSold out · 1.5% → 0.0%−723,004 shares
- Kilroy Rlty Corp~$49.6MSold out · 0.9% → 0.0%−1,327,700 shares
- Solaris Energy Infras Inc~$43.0MCut · 1.6% → 0.5%−760,949 shares
Holdings
As of Mar 31, 2026. Changes are in shares against Dec 31, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vaneck ETF TrustPUTSEMICONDUCTR ETF · shares New | 14.9% | $2.04B | — | ||||||||
| NvidiaPUTCOM · shares New | 11.5% | $1.57B | — | ||||||||
| OraclePUTCOM · shares New | 7.8% | $1.07B | — | ||||||||
| BroadcomPUTCOM · shares New | 7.4% | $1.01B | — | ||||||||
| AMDPUTCOM · shares New | 7.1% | $969.2M | — | ||||||||
| Bloom EnergyCOM CL A · shares −36% · price +55.9% | 6.4% | $878.7M | +$315.2M | ||||||||
| SandiskCOM · shares +8.2% · price +167.6% | 5.3% | $724.4M | +$419.5M | ||||||||
| MicronPUTCOM · shares New | 4.3% | $583.7M | — | ||||||||
| CoreWeaveCOM CL A · shares +18% · price +8.2% | 4.1% | $556.1M | +$35.7M | ||||||||
| TSMCPUTSPONSORED ADS · shares New | 3.9% | $535.1M | — | ||||||||
| ASMLPUTSHS · shares New | 3.6% | $494.1M | — | ||||||||
| MicronCALLCOM · shares New | 3.1% | $422.3M | — | ||||||||
| IRENORDINARY SHARES · shares +34% · price −9.2% | 2.9% | $401.0M | −$30.4M | ||||||||
| Core ScientificCOM · shares −9.6% · price +2.7% | 2.8% | $389.1M | +$10.4M | ||||||||
| SandiskCALLCOM · shares New | 2.8% | $388.8M | — | ||||||||
| TSMCCALLSPONSORED ADS · shares New | 2.6% | $354.8M | — | ||||||||
| Applied DigitalCOM NEW · shares +19% · price −3.2% | 2.3% | $320.0M | −$8.8M | ||||||||
| IntelPUTCOM · shares New | 1.2% | $159.1M | — | ||||||||
| Riot PlatformsCOM · shares +86% · price −2.4% | 1.0% | $142.2M | −$1.9M | ||||||||
| CoreWeaveCALLCOM CL A · shares −83% | 1.0% | $140.6M | — | ||||||||
| CleanSparkCOM NEW · shares +648% · price −15.9% | 0.76% | $104.5M | −$2.6M | ||||||||
| Solaris Energy Infras IncCOM CL A · shares −41% · price +22.9% | 0.46% | $62.5M | +$11.7M | ||||||||
| Bloom EnergyCALLCOM CL A · shares 0% | 0.40% | $55.3M | — | ||||||||
| T1 Energy IncCOM NEW · shares New | 0.32% | $43.9M | — | ||||||||
| Bitfarms LtdCOM · shares +188% · price −17.0% | 0.28% | $38.8M | −$2.8M | ||||||||
| Total · 42 positions | 100% | $13.68B | +$752.0M |
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 2025 to Q1 2026: 16 stocks held throughout, up $752.0M (+30.2%).
- Sandisk+$419.5M+168%
- Bloom Energy+$315.2M+56%
- CoreWeave+$35.7M+8%
- Solaris Energy Infras Inc+$11.7M+23%
- Babcock & Wilcox Enterprises+$11.3M+132%
- Bitfarms Ltd−$2.8M−17%
- Bitdeer Technologies Group−$4.6M−23%
- WhiteFiber−$6.8M−25%
- Applied Digital−$8.8M−3%
- IREN−$30.4M−9%
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 ↗ |