Situational Awareness

Leopold Aschenbrenner

Latest filing · Q2 2026

Bought more than soldFiled Aug 14, 2026 for holdings on Jun 30, 2026, 45 days after the quarter ended. The next one is due by Nov 14, 2026.

Stocks reported

$20.2B

as of Jun 30, 2026

Positions

all shown below

Top 10 stocks

92.1%

of the money in stocks

Options

on $73.3M of stock

What changed in Q2 2026

compared with Q1 2026, by number of shares

New buys5

NBISNebius Group6.1%
STMStmicroelectronics Nv-Ny Shs2.9%
KEELKeel Infrastructure0.8%
VSHVishay Intertechnology0.1%
CBRSCerebras Systems<0.1%

Added to10

MUMicron Technology27712% more
SNDKSandisk119% more
TSMTaiwan Semiconductor11714% more
SHAZSharonai578% more
RIOTRiot Platforms48.7% more
APLDApplied Digital14.1% more
CRWVCoreweave4.2% more
HIVEHive Digital Technologies Lt169% more
and 2 more in the filing

Trimmed3

IRENIren19.0% fewer
BEBloom Energy3.3% fewer
TET1 Energy51.0% fewer

Exited8

Bitfarmswas 1.0%
PSIXPower Solutions Internationalwas 0.7%
AMDAdvanced Micro Deviceswas 0.5%
SMHVaneck Semiconductor ETFwas 0.3%
INTCIntelwas 0.2%
ASMLASMLwas 0.2%
GLWCorningwas <0.1%
NVDANVIDIAwas <0.1%

Portfolio

as of Jun 30, 2026 · source

#	Holding	Weight	Value	Shares	Vs last quarter	Held since
1	SNDKSandisk Added +119%	28.1%	$5.67B	2.5M	Added +119%	Q3 2025
2	MUMicron Technology Added +27,712%	27.6%	$5.57B	4.8M	Added +27,712%	Q1 2026
3	BEBloom Energy Trimmed −3.3%	9.4%	$1.90B	6.3M	Trimmed −3.3%	Q4 2025
4	TSMTaiwan Semiconductor Added +11,714%	6.3%	$1.27B	2.6M	Added +11,714%	Q1 2026
5	NBISNebius Group New	6.1%	$1.23B	4.5M	New	Q2 2026
6	CRWVCoreweave Added +4.2%	3.7%	$745M	7.5M	Added +4.2%	Q1 2025
7	CORZCore Scientific	3.3%	$666M	26.0M	No change	Q1 2025
8	STMStmicroelectronics Nv-Ny Shs New	2.9%	$584M	7.8M	New	Q2 2026
9	APLDApplied Digital Added +14.1%	2.3%	$469M	15.4M	Added +14.1%	Q1 2025
10	RIOTRiot Platforms Added +48.7%	2.3%	$468M	17.1M	Added +48.7%	Q3 2025
11	SHAZSharonai Added +578%	2.3%	$457M	5.4M	Added +578%	Q1 2026
12	IRENIren Trimmed −19.0%	2.1%	$433M	9.5M	Trimmed −19.0%	Q1 2025
13	CLSKCleanspark	0.9%	$179M	12.3M	No change	Q4 2025
14	KEELKeel Infrastructure New	0.8%	$152M	26.5M	New	Q2 2026
15	SEISolaris Energy Infrastructur Added +2.2%	0.5%	$90.9M	1.1M	Added +2.2%	Q3 2025
16	WYFIWhitefiber	0.3%	$68.3M	1.8M	No change	Q4 2025
17	BTDRBitdeer Technologies Group	0.3%	$54.6M	3.4M	No change	Q3 2025
18	TET1 Energy Trimmed −51.0%	0.2%	$46.5M	4.9M	Trimmed −51.0%	Q1 2026
19	HIVEHive Digital Technologies Lt Added +169%	0.2%	$33.2M	9.1M	Added +169%	Q1 2026
20	BWBabcock & Wilcox Enterpr	0.1%	$28.6M	2.0M	No change	Q4 2025

Show 3 more

21	PUMPPropetro Added +115%	0.1%	$28.1M	2.0M	Added +115%	Q4 2025
22	VSHVishay Intertechnology New	0.1%	$20.2M	375K	New	Q2 2026
23	CBRSCerebras Systems New	<0.1%	$2.2M	10K	New	Q2 2026

Values at quarter end, not today's prices.

Options in the filing

not counted in weights or the record

callBEBloom Energyon $44.1M
callTSMTaiwan Semiconductoron $23.9M
putINFYInfosyson $5.2M

Filing history

7 quarters since Q4 2024

Quarter	Filed	Lag	Stocks	Positions	Filing
Q2 2026	Aug 14, 2026	45d	$20.2B	23	EDGAR
Q1 2026	May 18, 2026	48d	$3.86B	26	EDGAR
Q4 2025	Feb 11, 2026	42d	$3.91B	24	EDGAR
Q3 2025	Nov 14, 2025	45d	$2.24B	19	EDGAR
Q2 2025	Aug 14, 2025	45d	$1.10B	7	EDGAR
Q1 2025	May 14, 2025	44d	$546M	11	EDGAR
Q4 2024	Feb 12, 2025	43d	$255M	6	EDGAR

They usually file 45 days after the quarter ends. * amended later.

Earlier filings, quarter by quarter

Aug 14
NewNBIS6.1% of the bookNewSTM2.9% of the bookNewKEEL0.8% of the bookNewVSH0.1% of the bookAddedMU27,712% more sharesAddedSNDK119% more shares
Holdings as of Jun 30 (Q2 2026), filed 45 days later (the report at the SEC)
May 18
NewTE1.1% of the bookNewAMD0.5% of the bookNewSHAZ0.5% of the bookNewSMH0.3% of the bookAddedIREN34.5% more sharesAddedCLSK648% more shares
Holdings as of Mar 31 (Q1 2026), filed 48 days later (the report at the SEC)
Feb 11
NewBE22.4% of the bookNewLITE12.2% of the bookNewCIFR3.9% of the bookNewKRC1.3% of the bookAddedSNDK817% more sharesAddedCRWV48.2% more shares
Holdings as of Dec 31 (Q4 2025), filed 42 days later (the report at the SEC)
Nov 14
NewCRWV25.1% of the bookNewGLXY4.1% of the bookNewCipher Mining Inc3.2% of the bookNewRIOT3.0% of the bookAddedCORZ152% more sharesAddedIREN12.8% more shares
Holdings as of Sep 30 (Q3 2025), filed 45 days later (the report at the SEC)
Aug 14
AddedVST142% more sharesAddedAVGO70.2% more sharesAddedEQT117% more sharesAddedCORZ76.8% more sharesExitedONTOwas 13.0%ExitedMODwas 10.1%
Holdings as of Jun 30 (Q2 2025), filed 45 days later (the report at the SEC)
May 14
NewAVGO21.5% of the bookNewONTO13.0% of the bookNewEQT9.7% of the bookNewCRWV8.3% of the bookAddedMOD980% more sharesAddedCEG90.3% more shares
Holdings as of Mar 31 (Q1 2025), filed 44 days later (the report at the SEC)

About Situational Awareness: A young fund built around the AI build-out. Much of its exposure is in options. A 13F is up to 45 days old when filed and shows long US stock positions only. Not investment advice.