In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Leopold Aschenbrenner's Situational Awareness reported 19 stock positions worth $2.2 billion . Its top holding was Coreweave Class A (CRWV) at 25.9% of the portfolio, followed by Core Scientific (CORZ, 16.6% ) and Iren (IREN, 15.6% ). Compared with Q2 2025, it opened 14 new positions, sold out of 2, added to 3 and reduced 2. The biggest buy was a new position in Coreweave Class A (CRWV) and the biggest sale an exit from Broadcom (AVGO).
Notable People Leopold Aschenbrenner
Location SAN FRANCISCO, CA
CIK 0002045724
Portfolio Value $2.2B (Q3 2025) Holdings 19 stocks · $2.2B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 CRWV Coreweave Inc. Class A 4,115,456 $563.2M New CORZ Core Scientific Inc. 20,180,534 $362.0M Add +152.4% IREN Iren Ltd. filed as IREN LIMITED 7,220,421 $338.9M Add +12.8% VST Vistra Corp. 1,287,910 $252.3M Add +1.1% APLD Applied Digital Corp. 6,064,155 $139.1M Reduce -8.0% GLXY Galaxy Digital Inc. Class A 2,737,500 $92.6M New CIPHER DIGITAL INC (CIFR 1.75 05/15/30) 5,740,493 $72.3M New RIOT Riot Platforms Inc. 3,592,699 $68.4M New EQT Eqt Corp. 1,217,386 $66.3M Reduce -43.3% SEI Solaris Energy Infrastructur 1,150,300 $46.0M New BLOOM ENERGY CORP (BE 2.5 08/15/25) 3,048,002 $43.9M New TSEM Tower Semiconductor Ltd. 470,600 $34.0M New HUT Hut 8 Corp. 599,000 $20.9M New WESTERN DIGITAL CORP (WDC 3 11/15/28) 152,821 $18.3M New COHR Coherent Corp. 154,400 $16.6M New BTDR Bitdeer Technologies Group-A 929,600 $15.9M New SNDK Sandisk Corp. 115,000 $12.9M New STX Seagate Technology Holdings 48,567 $11.5M New LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) 417,600 $679K New
Options reported separately and not counted above: INTC calls ($679.0M), CRWV calls ($316.7M), NVDA puts ($298.5M), GDX puts ($195.8M), CRWV puts ($191.6M), AVGO puts ($75.9M), TSM puts ($75.4M), MU puts ($50.2M), BLOOM ENERGY CORP (BE 2.5 08/15/25) calls ($12.3M).
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ AVGO Broadcom Inc. Sold out 0.00% −29.87 CEG Constellation Energy Sold out 0.00% −9.37 EQT Eqt Corp. Reduce -43.3% 3.05% −8.33 APLD Applied Digital Corp. Reduce -8.0% 6.39% +0.36
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ SMH Vaneck Semiconductor ETF put Sold out 2,044,100 $570.1Mbefore exit CRWV Coreweave Inc. Class A call New 2,314,500 $316.7M NVDA Nvidia Corp. put New 1,600,000 $298.5M GDX Vaneck Gold Miners ETF put New 600,000 $195.8M CRWV Coreweave Inc. Class A put New 1,400,000 $191.6M AVGO Broadcom Inc. put New 230,000 $75.9M TSM Taiwan Semiconductor-SP ADR put New 270,000 $75.4M MU Micron Technology Inc. put New 300,000 $50.2M BLOOM ENERGY CORP (BE 2.5 08/15/25) call New 145,800 $12.3M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 23 $20.2B SNDK, MU, BE, TSM, NBIS Q1 2026 26 $3.9B BE, SNDK, CRWV, IREN, CORZ Q4 2025 24 $3.9B BE, LITE, CRWV, CORZ, IREN Q3 2025 19 $2.2B CRWV, CORZ, IREN, VST, APLD Q2 2025 7 $1.1B AVGO, VST, CORZ, EQT, CEG Q1 2025 11 $546.0M AVGO, ONTO, VST, MOD, EQT Q4 2024 6 $254.8M MRVL, VST, VRT, TLN, CEG