In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 18, 2026), Leopold Aschenbrenner's Situational Awareness reported 26 stock positions worth $3.9 billion . Its top holding was Bloom Energy Class A (BE) at 22.8% of the portfolio, followed by Sandisk (SNDK, 18.8% ) and Coreweave Class A (CRWV, 14.4% ). Compared with Q4 2025, it opened 10 new positions, sold out of 8, added to 9 and reduced 3. The biggest buy was Sandisk (SNDK, shares +8% ) and the biggest sale an exit from Lumentum (LITE).
Notable People Leopold Aschenbrenner
Location SAN FRANCISCO, CA
CIK 0002045724
Portfolio Value $3.9B (Q1 2026) Holdings 26 stocks · $3.9B 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 Q4 2025 BE Bloom Energy Corp. Class A 6,485,408 $878.7M Reduce -35.6% SNDK Sandisk Corp. 1,140,119 $724.4M Add +8.2% CRWV Coreweave Inc. Class A 7,177,919 $556.1M Add +17.7% IREN Iren Ltd. filed as IREN LIMITED 11,698,835 $401.0M Add +34.5% CORZ Core Scientific Inc. 26,008,473 $389.1M Reduce -9.6% APLD Applied Digital Corp. 13,478,438 $320.0M Add +18.9% RIOT Riot Platforms Inc. 11,502,137 $142.2M Add +86.5% CLSK Cleanspark Inc. 12,276,139 $104.5M Add +648.4% SEI Solaris Energy Infrastructur 1,105,551 $62.5M Reduce -40.8% TE T1 Energy Inc. 10,000,000 $43.9M New BITF Bitfarms Ltd./Canada 19,875,840 $38.8M Add +188.2% BTDR Bitdeer Technologies Group-A 3,439,450 $29.8M Add +92.4% PSIX Power Solutions Internationa 432,300 $26.3M No change WYFI Whitefiber Inc. 1,757,600 $20.9M No change AMD Advanced Micro Devices 99,138 $20.2M New BW Babcock & Wilcox Enterpr 1,353,900 $19.9M No change SHAZ Sharonai Holdings Inc. 796,108 $18.1M New PUMP Propetro Holding Corp. 910,300 $13.1M No change SMH Vaneck Semiconductor ETF 26,950 $10.3M New INTC Intel Corp. 202,344 $8.9M Add +20234300.0% TSM Taiwan Semiconductor-SP ADR 22,423 $7.6M New HIVE Hive Digital Technologies LT 3,391,547 $6.4M New ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 4,633 $6.1M New MU Micron Technology Inc. 17,362 $5.9M New GLW Corning Inc. 5,283 $718K New NVDA Nvidia Corp. 2,855 $498K New
Options reported separately and not counted above: SMH puts ($2.0B), NVDA puts ($1.6B), ORCL puts ($1.1B), AVGO puts ($1.0B), AMD puts ($969.2M), MU puts ($583.7M), TSM puts ($535.1M), ASML puts ($494.1M), MU calls ($422.3M), SNDK calls ($388.8M), TSM calls ($354.8M), INTC puts ($159.1M), and 4 more.
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ LITE Lumentum Holdings Inc. Sold out 0.00% −12.23 CIFR Cipher Digital Inc. Sold out 0.00% −3.95 EQT Eqt Corp. Sold out 0.00% −3.40 COHR Coherent Corp. Sold out 0.00% −2.27 TSEM Tower Semiconductor Ltd. Sold out 0.00% −2.17 KRC Kilroy Realty Corp. Sold out 0.00% −1.27 HUT Hut 8 Corp. Sold out 0.00% −1.01 CORZ Core Scientific Inc. Reduce -9.6% 10.09% −0.61 SEI Solaris Energy Infrastructur Reduce -40.8% 1.62% −0.57 LBRT Liberty Energy Inc. Sold out 0.00% −0.27 BE Bloom Energy Corp. Class A Reduce -35.6% 22.79% +0.42
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ SNDK Sandisk Corp. Add +8.2% 18.79% +12.39 CRWV Coreweave Inc. Class A Add +17.7% 14.42% +3.26 CLSK Cleanspark Inc. Add +648.4% 2.71% +2.29 IREN Iren Ltd. Add +34.5% 10.40% +2.00 RIOT Riot Platforms Inc. Add +86.5% 3.69% +1.69 APLD Applied Digital Corp. Add +18.9% 8.30% +1.19 TE T1 Energy Inc. New 1.14% +1.14 BITF Bitfarms Ltd./Canada Add +188.2% 1.01% +0.59 AMD Advanced Micro Devices New 0.52% +0.52 SHAZ Sharonai Holdings Inc. New 0.47% +0.47 SMH Vaneck Semiconductor ETF New 0.27% +0.27 BTDR Bitdeer Technologies Group-A Add +92.4% 0.77% +0.26 INTC Intel Corp. Add +20234300.0% 0.23% +0.23 TSM Taiwan Semiconductor-SP ADR New 0.20% +0.20 HIVE Hive Digital Technologies LT New 0.17% +0.17 ASML ASML Holding NV-NY Reg SHS New 0.16% +0.16 MU Micron Technology Inc. New 0.15% +0.15 GLW Corning Inc. New 0.02% +0.02 NVDA Nvidia Corp. New 0.01% +0.01
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ SMH Vaneck Semiconductor ETF put New 5,327,900 $2.0B NVDA Nvidia Corp. put New 8,992,300 $1.6B ORCL Oracle Corp. put New 7,293,000 $1.1B AVGO Broadcom Inc. put New 3,251,100 $1.0B AMD Advanced Micro Devices put New 4,764,100 $969.2M INTC Intel Corp. call Sold out 20,237,400 $746.8Mbefore exit MU Micron Technology Inc. put New 1,727,700 $583.7M TSM Taiwan Semiconductor-SP ADR put New 1,583,400 $535.1M ASML ASML Holding NV-NY Reg SHS put New 374,100 $494.1M MU Micron Technology Inc. call New 1,250,000 $422.3M SNDK Sandisk Corp. call New 611,900 $388.8M TSM Taiwan Semiconductor-SP ADR call New 1,050,000 $354.8M INTC Intel Corp. put New 3,605,400 $159.1M CRWV Coreweave Inc. Class A call Reduce -83.2% 1,814,500 $140.6M EQT Eqt Corp. call Sold out 700,000 $37.5Mbefore exit GLW Corning Inc. put New 154,600 $21.0M
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