A reading of the latest 13F filing from
Situational
Awareness LP
The AI-and-power fund built around Leopold Aschenbrenner’s thesis filed its Q1 2026 holdings on May 18 — revealing a $13.68B book that nearly tripled quarter-over-quarter and, for the first time, layered a $8.5 billion put-option overlay across the “big-cap” AI semiconductor complex.
Total reported value
$13.68B
+148% vs Q4 2025 ($5.52B)
Net long market value
$3.86B
28% of reported value
Put notional
$8.46B
62% · brand new hedge book
Call notional
$1.36B
10% of reported value
Position lines
42
vs 29 in Q4 2025 · +24 new, −10 exited
§ 01
The thesis, as filed.
Narrative · investment frame
Situational Awareness LP is the San Francisco hedge fund founded by Leopold Aschenbrenner, whose 2024 essay of the same name argued that scaling laws lead to AGI by 2027 and that the binding constraint on the path is not models or talent but compute, electricity, and the physical buildout to support them. The fund’s Q1 2026 13F filing reads almost like a footnote-by-footnote translation of that argument into public-market positions.
The long book is concentrated in three layers of that thesis. First, power generation and grid hardware: Bloom Energy is the single largest equity position at $878.7M (23% of the long book), joined by a constellation of smaller energy and infrastructure picks — Babcock & Wilcox, T1 Energy, Solaris Energy, Power Solutions, ProPetro. Second, memory and high-bandwidth storage: Sandisk is the second-largest long at $724.4M. Third, the GPU-cloud and crypto-miner-pivoting-to-AI complex: CoreWeave, Core Scientific, IREN, Applied Digital, Riot, CleanSpark, Bitfarms, Bitdeer, Cipher, Hut 8, and a handful of recent-IPO infrastructure plays (WhiteFiber, SharonAI).
Compute, electricity, the buildout to support them — these are the binding constraints. The fund is positioned almost surgically along that supply chain, while shorting the names the market has already priced for the AI win. — interpretation, not direct quote
The big shift in this filing is on the short side. Q4 2025 was a pure-long book of 29 names. Q1 2026 introduces a $8.46B put-option overlay against the consensus AI-semiconductor winners: SMH (the VanEck Semiconductor ETF, the biggest single put at $2.04B), NVDA, AVGO, AMD, MU, TSM, ASML, INTC, plus a notable Oracle put. It is, in effect, an “everyone agrees AI” hedge layered on top of an “but they don’t see the second-order plays” long book.
A note on size. 13F “value” for option positions is the underlying notional at quarter-end, not premium paid. So the headline $13.68B figure is gross-of-options; the long-only delta-one book is closer to $3.86B, and the fund’s actual AUM is presumably smaller still after netting puts against the corresponding cash legs.
§ 02
Portfolio architecture.
Long-vs-hedge composition · sector mix
Reported value breakdown · $13.68B total
For options, “value” is the value of the underlying shares at quarter-end — not the
premium paid for the contracts. The fund’s put book covers a far larger gross notional
than its long book, but cost a fraction of that to put on.
Sector mix of the long book · % of $3.86B
AI Datacenter / Crypto Pivot
$1.06B
27.6%
Power / Energy
$1.04B
27.1%
AI Cloud / GPU Hyperscale
$963.3M
25.0%
Memory/Storage
$724.4M
18.8%
Semis (Big Cap)
$59.5M
1.5%
Optical / Networking
$718K
0.0%
§ 03
The long book.
26 positions · $3.86B
| Ticker | Issuer | Value | % of long book | Shares | Δ shares (Q-o-Q) | Status | |
|---|---|---|---|---|---|---|---|
| 01 | BE |
Bloom Energy Corp
Power / Energy · COM CL A · CUSIP 093712107
|
$878,707,930 | 22.79% | 6,485,408 | −35.6% | CUT |
| 02 | SNDK |
SanDisk Corp
Memory/Storage · COM · CUSIP 80004C200
|
$724,363,205 | 18.79% | 1,140,119 | +8.2% | ADDED |
| 03 | CRWV |
CoreWeave Inc
AI Cloud / GPU Hyperscale · COM CL A · CUSIP 21873S108
|
$556,073,385 | 14.42% | 7,177,919 | +17.7% | ADDED |
| 04 | IREN |
IREN Limited
AI Datacenter / Crypto Pivot · ORDINARY SHARES · CUSIP Q4982L109
|
$401,036,064 | 10.40% | 11,698,835 | +34.5% | ADDED |
| 05 | CORZ |
Core Scientific Inc New
AI Cloud / GPU Hyperscale · COM · CUSIP 21874A106
|
$389,086,756 | 10.09% | 26,008,473 | −9.6% | CUT |
| 06 | APLD |
Applied Digital Corp
AI Datacenter / Crypto Pivot · COM NEW · CUSIP 038169207
|
$319,978,118 | 8.30% | 13,478,438 | +18.9% | ADDED |
| 07 | RIOT |
Riot Platforms Inc
AI Datacenter / Crypto Pivot · COM · CUSIP 767292105
|
$142,166,413 | 3.69% | 11,502,137 | +86.5% | ADDED |
| 08 | CLSK |
CleanSpark Inc
AI Datacenter / Crypto Pivot · COM NEW · CUSIP 18452B209
|
$104,469,943 | 2.71% | 12,276,139 | +648.4% | ADDED |
| 09 | SEI |
Solaris Energy Infrastructure Inc
Power / Energy · COM CL A · CUSIP 83418M103
|
$62,474,687 | 1.62% | 1,105,551 | −40.8% | CUT |
| 10 | TE |
T1 Energy Inc
Power / Energy · COM NEW · CUSIP 35834F104
|
$43,900,000 | 1.14% | 10,000,000 | — | NEW |
| 11 | BITF |
Bitfarms Ltd
AI Datacenter / Crypto Pivot · COM · CUSIP 09173B107
|
$38,757,888 | 1.01% | 19,875,840 | +188.2% | ADDED |
| 12 | BTDR |
Bitdeer Technologies Group
AI Datacenter / Crypto Pivot · CL A ORD SHS · CUSIP G11448100
|
$29,751,243 | 0.77% | 3,439,450 | +92.4% | ADDED |
| 13 | PSIX |
Power Solutions Intl Inc
Power / Energy · COM NEW · CUSIP 73933G202
|
$26,318,424 | 0.68% | 432,300 | ·0.0% | HELD |
| 14 | WYFI |
WhiteFiber Inc
AI Datacenter / Crypto Pivot · SHS · CUSIP G96115103
|
$20,933,016 | 0.54% | 1,757,600 | ·0.0% | HELD |
| 15 | AMD |
Advanced Micro Devices Inc
Semis (Big Cap) · COM · CUSIP 007903107
|
$20,167,643 | 0.52% | 99,138 | — | NEW |
| 16 | BW |
Babcock & Wilcox Enterprises
Power / Energy · COM · CUSIP 05614L209
|
$19,888,791 | 0.52% | 1,353,900 | ·0.0% | HELD |
| 17 | SAI |
SharonAI Holdings Inc
AI Cloud / GPU Hyperscale · COM CL A ADDED · CUSIP 778920306
|
$18,095,535 | 0.47% | 796,108 | — | NEW |
| 18 | PUMP |
ProPetro Holdings Corp
Power / Energy · COM · CUSIP 74347M108
|
$13,117,423 | 0.34% | 910,300 | ·0.0% | HELD |
| 19 | SMH |
VanEck ETF Trust
Semis (Big Cap) · SEMICONDUCTR ETF · CUSIP 92189F676
|
$10,332,630 | 0.27% | 26,950 | — | NEW |
| 20 | INTC |
Intel Corp
Semis (Big Cap) · COM · CUSIP 458140100
|
$8,929,441 | 0.23% | 202,344 | — | NEW |
| 21 | TSM |
Taiwan Semiconductor Manufacturing
Semis (Big Cap) · SPONSORED ADS · CUSIP 874039100
|
$7,577,853 | 0.20% | 22,423 | — | NEW |
| 22 | HIVE |
HIVE Digital Technologies Lt
AI Datacenter / Crypto Pivot · COM NEW · CUSIP 433921103
|
$6,443,939 | 0.17% | 3,391,547 | — | NEW |
| 23 | ASML |
ASML Holdings N.V. N Y Registry
Semis (Big Cap) · SHS · CUSIP N07059210
|
$6,119,405 | 0.16% | 4,633 | — | NEW |
| 24 | MU |
Micron Technology Inc
Semis (Big Cap) · COM · CUSIP 595112103
|
$5,865,578 | 0.15% | 17,362 | — | NEW |
| 25 | GLW |
Corning Inc
Optical / Networking · COM · CUSIP 219350105
|
$718,330 | 0.02% | 5,283 | — | NEW |
| 26 | NVDA |
NVIDIA Corporation
Semis (Big Cap) · COM · CUSIP 67066G104
|
$497,912 | 0.01% | 2,855 | — | NEW |
§ 04
The hedge book.
11 put positions · $8.46B notional
Every put position in this section is brand new in Q1 2026. Q4 2025 carried no options other than calls. The fund layered the entire short side in a single quarter, concentrating it almost entirely against the broad big-cap semiconductor complex plus Oracle.
| Ticker | Underlying | Underlying notional | % of put book | Shares underlying | Δ shares (Q-o-Q) | |
|---|---|---|---|---|---|---|
| 01 | SMH |
VanEck ETF Trust
Semis (Big Cap) · CUSIP 92189F676
|
$2,042,716,860 | 24.15% | 5,327,900 | new |
| 02 | NVDA |
NVIDIA Corporation
Semis (Big Cap) · CUSIP 67066G104
|
$1,568,257,120 | 18.54% | 8,992,300 | new |
| 03 | ORCL |
Oracle Corp
Software / Cloud · CUSIP 68389X105
|
$1,072,873,230 | 12.68% | 7,293,000 | new |
| 04 | AVGO |
Broadcom Inc
Semis (Big Cap) · CUSIP 11135F101
|
$1,006,247,961 | 11.90% | 3,251,100 | new |
| 05 | AMD |
Advanced Micro Devices Inc
Semis (Big Cap) · CUSIP 007903107
|
$969,160,863 | 11.46% | 4,764,100 | new |
| 06 | MU |
Micron Technology Inc
Semis (Big Cap) · CUSIP 595112103
|
$583,686,168 | 6.90% | 1,727,700 | new |
| 07 | TSM |
Taiwan Semiconductor Manufacturing
Semis (Big Cap) · CUSIP 874039100
|
$535,110,030 | 6.33% | 1,583,400 | new |
| 08 | ASML |
ASML Holdings N.V. N Y Registry
Semis (Big Cap) · CUSIP N07059210
|
$494,122,503 | 5.84% | 374,100 | new |
| 09 | INTC |
Intel Corp
Semis (Big Cap) · CUSIP 458140100
|
$159,106,302 | 1.88% | 3,605,400 | new |
| 10 | GLW |
Corning Inc
Optical / Networking · CUSIP 219350105
|
$21,020,962 | 0.25% | 154,600 | new |
| 11 | INFY |
Infosys Ltd
IT Services · CUSIP 456788108
|
$6,755,000 | 0.08% | 500,000 | ·0.0% |
§ 05
The call book.
5 call positions · $1.36B notional
| Ticker | Underlying | Underlying notional | % of call book | Shares underlying | Δ shares (Q-o-Q) | |
|---|---|---|---|---|---|---|
| 01 | MU |
Micron Technology Inc
Semis (Big Cap) · CUSIP 595112103
|
$422,300,000 | 31.01% | 1,250,000 | new |
| 02 | SNDK |
SanDisk Corp
Memory/Storage · CUSIP 80004C200
|
$388,764,546 | 28.55% | 611,900 | new |
| 03 | TSM |
Taiwan Semiconductor Manufacturing
Semis (Big Cap) · CUSIP 874039100
|
$354,847,500 | 26.06% | 1,050,000 | new |
| 04 | CRWV |
CoreWeave Inc
AI Cloud / GPU Hyperscale · CUSIP 21873S108
|
$140,569,315 | 10.32% | 1,814,500 | −83.2% |
| 05 | BE |
Bloom Energy Corp
Power / Energy · CUSIP 093712107
|
$55,347,665 | 4.06% | 408,500 | ·0.0% |
§ 06
Quarter‑over‑quarter.
What changed from 12/31/2025 to 03/31/2026
24 new positions
Did not appear on the prior 13F
| Ticker | Position | Value | Shares | Change |
|---|---|---|---|---|
| SMH |
VanEck ETF Trust PUT
Semis (Big Cap)
|
$2.04B | 5,327,900 | |
| NVDA |
NVIDIA Corporation PUT
Semis (Big Cap)
|
$1.57B | 8,992,300 | |
| ORCL |
Oracle Corp PUT
Software / Cloud
|
$1.07B | 7,293,000 | |
| AVGO |
Broadcom Inc PUT
Semis (Big Cap)
|
$1.01B | 3,251,100 | |
| AMD |
Advanced Micro Devices Inc PUT
Semis (Big Cap)
|
$969.2M | 4,764,100 | |
| MU |
Micron Technology Inc PUT
Semis (Big Cap)
|
$583.7M | 1,727,700 | |
| TSM |
Taiwan Semiconductor Manufacturing PUT
Semis (Big Cap)
|
$535.1M | 1,583,400 | |
| ASML |
ASML Holdings N.V. N Y Registry PUT
Semis (Big Cap)
|
$494.1M | 374,100 | |
| MU |
Micron Technology Inc CALL
Semis (Big Cap)
|
$422.3M | 1,250,000 | |
| SNDK |
SanDisk Corp CALL
Memory/Storage
|
$388.8M | 611,900 | |
| TSM |
Taiwan Semiconductor Manufacturing CALL
Semis (Big Cap)
|
$354.8M | 1,050,000 | |
| INTC |
Intel Corp PUT
Semis (Big Cap)
|
$159.1M | 3,605,400 | |
| TE |
T1 Energy Inc
Power / Energy
|
$43.9M | 10,000,000 | |
| GLW |
Corning Inc PUT
Optical / Networking
|
$21.0M | 154,600 | |
| AMD |
Advanced Micro Devices Inc
Semis (Big Cap)
|
$20.2M | 99,138 | |
| SAI |
SharonAI Holdings Inc
AI Cloud / GPU Hyperscale
|
$18.1M | 796,108 | |
| SMH |
VanEck ETF Trust
Semis (Big Cap)
|
$10.3M | 26,950 | |
| INTC |
Intel Corp
Semis (Big Cap)
|
$8.9M | 202,344 | |
| TSM |
Taiwan Semiconductor Manufacturing
Semis (Big Cap)
|
$7.6M | 22,423 | |
| HIVE |
HIVE Digital Technologies Lt
AI Datacenter / Crypto Pivot
|
$6.4M | 3,391,547 | |
| ASML |
ASML Holdings N.V. N Y Registry
Semis (Big Cap)
|
$6.1M | 4,633 | |
| MU |
Micron Technology Inc
Semis (Big Cap)
|
$5.9M | 17,362 | |
| GLW |
Corning Inc
Optical / Networking
|
$718K | 5,283 | |
| NVDA |
NVIDIA Corporation
Semis (Big Cap)
|
$498K | 2,855 |
10 positions exited
Held on 12/31/2025 · Zero on 03/31/2026
| Ticker | Position | Value | Shares | Change |
|---|---|---|---|---|
| INTC |
Intel Corp CALL
Semis (Big Cap)
|
$746.8M | 20,237,400 | |
| LITE |
Lumentum Holdings Inc
Optical / Networking
|
$478.6M | 1,298,400 | |
| CIFR |
Cipher Mining Inc
AI Datacenter / Crypto Pivot
|
$154.5M | 10,469,093 | |
| EQT |
EQT Corp
Power / Energy
|
$133.0M | 2,482,225 | |
| COHR |
Coherent Corp
Optical / Networking
|
$88.6M | 480,300 | |
| TSEM |
Tower Semiconductor Ltd
Semis (Specialty)
|
$84.9M | 723,004 | |
| KRC |
Kilroy Realty Corp
Real Estate (Datacenter-adjacent)
|
$49.6M | 1,327,700 | |
| HUT |
Hut 8 Corp
AI Datacenter / Crypto Pivot
|
$39.5M | 860,200 | |
| EQT |
EQT Corp CALL
Power / Energy
|
$37.5M | 700,000 | |
| LBRT |
Liberty Energy Inc
Power / Energy
|
$10.5M | 567,200 |
8 positions added to
Share count increased > 2%
| Ticker | Position | Value | Shares | Change |
|---|---|---|---|---|
| SNDK |
SanDisk Corp
Memory/Storage
|
$724.4M | 1,140,119 | +8% (1,054,200 → 1,140,119) |
| CRWV |
CoreWeave Inc
AI Cloud / GPU Hyperscale
|
$556.1M | 7,177,919 | +18% (6,098,812 → 7,177,919) |
| IREN |
IREN Limited
AI Datacenter / Crypto Pivot
|
$401.0M | 11,698,835 | +34% (8,700,621 → 11,698,835) |
| APLD |
Applied Digital Corp
AI Datacenter / Crypto Pivot
|
$320.0M | 13,478,438 | +19% (11,339,060 → 13,478,438) |
| RIOT |
Riot Platforms Inc
AI Datacenter / Crypto Pivot
|
$142.2M | 11,502,137 | +86% (6,167,700 → 11,502,137) |
| CLSK |
CleanSpark Inc
AI Datacenter / Crypto Pivot
|
$104.5M | 12,276,139 | +648% (1,640,400 → 12,276,139) |
| BITF |
Bitfarms Ltd
AI Datacenter / Crypto Pivot
|
$38.8M | 19,875,840 | +188% (6,897,100 → 19,875,840) |
| BTDR |
Bitdeer Technologies Group
AI Datacenter / Crypto Pivot
|
$29.8M | 3,439,450 | +92% (1,788,000 → 3,439,450) |
4 positions reduced
Share count decreased > 2%
| Ticker | Position | Value | Shares | Change |
|---|---|---|---|---|
| BE |
Bloom Energy Corp
Power / Energy
|
$878.7M | 6,485,408 | −36% (10,076,022 → 6,485,408) |
| CORZ |
Core Scientific Inc New
AI Cloud / GPU Hyperscale
|
$389.1M | 26,008,473 | −10% (28,756,478 → 26,008,473) |
| CRWV |
CoreWeave Inc CALL
AI Cloud / GPU Hyperscale
|
$140.6M | 1,814,500 | −83% (10,814,500 → 1,814,500) |
| SEI |
Solaris Energy Infrastructure Inc
Power / Energy
|
$62.5M | 1,105,551 | −41% (1,866,500 → 1,105,551) |
§ 07
Full position ledger.
All Q1 2026 holdings · with Q4 comparison
| Ticker | Issuer | Type | Q1 2026 value | Q1 shares | Q4 2025 value | Q4 shares | Status |
|---|---|---|---|---|---|---|---|
| SMH |
VanEck ETF Trust
Semis (Big Cap) · SEMICONDUCTR ETF
|
PUT | $2,042,716,860 | 5,327,900 | — | — | NEW |
| NVDA |
NVIDIA Corporation
Semis (Big Cap) · COM
|
PUT | $1,568,257,120 | 8,992,300 | — | — | NEW |
| ORCL |
Oracle Corp
Software / Cloud · COM
|
PUT | $1,072,873,230 | 7,293,000 | — | — | NEW |
| AVGO |
Broadcom Inc
Semis (Big Cap) · COM
|
PUT | $1,006,247,961 | 3,251,100 | — | — | NEW |
| AMD |
Advanced Micro Devices Inc
Semis (Big Cap) · COM
|
PUT | $969,160,863 | 4,764,100 | — | — | NEW |
| BE |
Bloom Energy Corp
Power / Energy · COM CL A
|
LONG | $878,707,930 | 6,485,408 | $875,505,552 | 10,076,022 | CUT |
| CRWV |
CoreWeave Inc
AI Cloud / GPU Hyperscale · COM CL A
|
CALL | $140,569,315 | 1,814,500 | $774,426,345 | 10,814,500 | CUT |
| INTC |
Intel Corp
Semis (Big Cap) · COM
|
CALL | — | — | $746,760,060 | 20,237,400 | EXITED |
| SNDK |
SanDisk Corp
Memory/Storage · COM
|
LONG | $724,363,205 | 1,140,119 | $250,245,996 | 1,054,200 | ADDED |
| MU |
Micron Technology Inc
Semis (Big Cap) · COM
|
PUT | $583,686,168 | 1,727,700 | — | — | NEW |
| CRWV |
CoreWeave Inc
AI Cloud / GPU Hyperscale · COM CL A
|
LONG | $556,073,385 | 7,177,919 | $436,735,927 | 6,098,812 | ADDED |
| TSM |
Taiwan Semiconductor Manufacturing
Semis (Big Cap) · SPONSORED ADS
|
PUT | $535,110,030 | 1,583,400 | — | — | NEW |
| ASML |
ASML Holdings N.V. N Y Registry
Semis (Big Cap) · SHS
|
PUT | $494,122,503 | 374,100 | — | — | NEW |
| LITE |
Lumentum Holdings Inc
Optical / Networking · COM
|
LONG | — | — | $478,577,256 | 1,298,400 | EXITED |
| MU |
Micron Technology Inc
Semis (Big Cap) · COM
|
CALL | $422,300,000 | 1,250,000 | — | — | NEW |
| CORZ |
Core Scientific Inc New
AI Cloud / GPU Hyperscale · COM
|
LONG | $389,086,756 | 26,008,473 | $418,694,320 | 28,756,478 | CUT |
| IREN |
IREN Limited
AI Datacenter / Crypto Pivot · ORDINARY SHARES
|
LONG | $401,036,064 | 11,698,835 | $328,622,455 | 8,700,621 | ADDED |
| SNDK |
SanDisk Corp
Memory/Storage · COM
|
CALL | $388,764,546 | 611,900 | — | — | NEW |
| TSM |
Taiwan Semiconductor Manufacturing
Semis (Big Cap) · SPONSORED ADS
|
CALL | $354,847,500 | 1,050,000 | — | — | NEW |
| APLD |
Applied Digital Corp
AI Datacenter / Crypto Pivot · COM NEW
|
LONG | $319,978,118 | 13,478,438 | $278,033,751 | 11,339,060 | ADDED |
| INTC |
Intel Corp
Semis (Big Cap) · COM
|
PUT | $159,106,302 | 3,605,400 | — | — | NEW |
| CIFR |
Cipher Mining Inc
AI Datacenter / Crypto Pivot · COM
|
LONG | — | — | $154,523,813 | 10,469,093 | EXITED |
| RIOT |
Riot Platforms Inc
AI Datacenter / Crypto Pivot · COM
|
LONG | $142,166,413 | 11,502,137 | $78,144,759 | 6,167,700 | ADDED |
| EQT |
EQT Corp
Power / Energy · COM
|
LONG | — | — | $133,047,260 | 2,482,225 | EXITED |
| CLSK |
CleanSpark Inc
AI Datacenter / Crypto Pivot · COM NEW
|
LONG | $104,469,943 | 12,276,139 | $16,600,848 | 1,640,400 | ADDED |
| COHR |
Coherent Corp
Optical / Networking · COM
|
LONG | — | — | $88,648,971 | 480,300 | EXITED |
| SEI |
Solaris Energy Infrastructure Inc
Power / Energy · COM CL A
|
LONG | $62,474,687 | 1,105,551 | $85,803,005 | 1,866,500 | CUT |
| TSEM |
Tower Semiconductor Ltd
Semis (Specialty) · SHS NEW
|
LONG | — | — | $84,895,130 | 723,004 | EXITED |
| BE |
Bloom Energy Corp
Power / Energy · COM CL A
|
CALL | $55,347,665 | 408,500 | $35,494,565 | 408,500 | HELD |
| KRC |
Kilroy Realty Corp
Real Estate (Datacenter-adjacent) · COM
|
LONG | — | — | $49,616,149 | 1,327,700 | EXITED |
| TE |
T1 Energy Inc
Power / Energy · COM NEW
|
LONG | $43,900,000 | 10,000,000 | — | — | NEW |
| HUT |
Hut 8 Corp
AI Datacenter / Crypto Pivot · COM
|
LONG | — | — | $39,517,588 | 860,200 | EXITED |
| BITF |
Bitfarms Ltd
AI Datacenter / Crypto Pivot · COM
|
LONG | $38,757,888 | 19,875,840 | $16,208,185 | 6,897,100 | ADDED |
| EQT |
EQT Corp
Power / Energy · COM
|
CALL | — | — | $37,520,000 | 700,000 | EXITED |
| BTDR |
Bitdeer Technologies Group
AI Datacenter / Crypto Pivot · CL A ORD SHS
|
LONG | $29,751,243 | 3,439,450 | $20,043,480 | 1,788,000 | ADDED |
| WYFI |
WhiteFiber Inc
AI Datacenter / Crypto Pivot · SHS
|
LONG | $20,933,016 | 1,757,600 | $27,770,080 | 1,757,600 | HELD |
| PSIX |
Power Solutions Intl Inc
Power / Energy · COM NEW
|
LONG | $26,318,424 | 432,300 | $24,701,622 | 432,300 | HELD |
| GLW |
Corning Inc
Optical / Networking · COM
|
PUT | $21,020,962 | 154,600 | — | — | NEW |
| AMD |
Advanced Micro Devices Inc
Semis (Big Cap) · COM
|
LONG | $20,167,643 | 99,138 | — | — | NEW |
| BW |
Babcock & Wilcox Enterprises
Power / Energy · COM
|
LONG | $19,888,791 | 1,353,900 | $8,583,726 | 1,353,900 | HELD |
| SAI |
SharonAI Holdings Inc
AI Cloud / GPU Hyperscale · COM CL A ADDED
|
LONG | $18,095,535 | 796,108 | — | — | NEW |
| PUMP |
ProPetro Holdings Corp
Power / Energy · COM
|
LONG | $13,117,423 | 910,300 | $8,656,953 | 910,300 | HELD |
| LBRT |
Liberty Energy Inc
Power / Energy · COM CL A
|
LONG | — | — | $10,470,512 | 567,200 | EXITED |
| SMH |
VanEck ETF Trust
Semis (Big Cap) · SEMICONDUCTR ETF
|
LONG | $10,332,630 | 26,950 | — | — | NEW |
| INTC |
Intel Corp
Semis (Big Cap) · COM
|
LONG | $8,929,441 | 202,344 | $37 | 1 | NEW |
| INFY |
Infosys Ltd
IT Services · SPONSORED ADR
|
PUT | $6,755,000 | 500,000 | $8,910,000 | 500,000 | HELD |
| TSM |
Taiwan Semiconductor Manufacturing
Semis (Big Cap) · SPONSORED ADS
|
LONG | $7,577,853 | 22,423 | — | — | NEW |
| HIVE |
HIVE Digital Technologies Lt
AI Datacenter / Crypto Pivot · COM NEW
|
LONG | $6,443,939 | 3,391,547 | — | — | NEW |
| ASML |
ASML Holdings N.V. N Y Registry
Semis (Big Cap) · SHS
|
LONG | $6,119,405 | 4,633 | — | — | NEW |
| MU |
Micron Technology Inc
Semis (Big Cap) · COM
|
LONG | $5,865,578 | 17,362 | — | — | NEW |
| GLW |
Corning Inc
Optical / Networking · COM
|
LONG | $718,330 | 5,283 | — | — | NEW |
| NVDA |
NVIDIA Corporation
Semis (Big Cap) · COM
|
LONG | $497,912 | 2,855 | — | — | NEW |