13F comparison dashboard

Situational Awareness LP

A side-by-side read of the latest reported 13F portfolio against the immediately preceding filing, with sortable line-item changes and a filing-based assessment below.

Current: Q1 2026, report date 2026-03-31 · current XML · previous XML
Common stock $3.86B 28.2% of current reported value
Reported calls $1.36B 10.0% of current reported value
Reported puts $8.46B 61.9% of current reported value
Largest reduction / exit INTEL CORP Call · -$746.8M

Current value by theme

Semis / AI compute $9.31B
Bitcoin / compute power $1.11B
Energy / power $1.10B
Other $1.10B
AI infrastructure $1.06B

Largest current line items

VANECK ETF TRUST Put $2.04B
NVIDIA CORPORATION Put $1.57B
ORACLE CORP Put $1.07B
BROADCOM INC Put $1.01B
ADVANCED MICRO DEVICES INC Put $969.2M
BLOOM ENERGY CORP Common $878.7M
SANDISK CORP Common $724.4M
MICRON TECHNOLOGY INC Put $583.7M

Position Comparison

Click any column heading to sort. Use the filters or search to isolate new positions, exits, option exposure, or individual issuers.

Issuer Type Theme Current value Previous value Value change % change Current weight Current amount Previous amount Amount change Status
VANECK ETF TRUST SEMICONDUCTR ETF · 92189F676
Put Semis / AI compute $2.04B $0 +$2.04B New 14.9% 5,327,900 0 +5,327,900 New
NVIDIA CORPORATION COM · 67066G104
Put Semis / AI compute $1.57B $0 +$1.57B New 11.5% 8,992,300 0 +8,992,300 New
ORACLE CORP COM · 68389X105
Put Other $1.07B $0 +$1.07B New 7.8% 7,293,000 0 +7,293,000 New
BROADCOM INC COM · 11135F101
Put Semis / AI compute $1.01B $0 +$1.01B New 7.4% 3,251,100 0 +3,251,100 New
ADVANCED MICRO DEVICES INC COM · 007903107
Put Semis / AI compute $969.2M $0 +$969.2M New 7.1% 4,764,100 0 +4,764,100 New
INTEL CORP COM · 458140100
Call Semis / AI compute $0 $746.8M -$746.8M -100.0% 0.0% 0 20,237,400 -20,237,400 Exited
COREWEAVE INC COM CL A · 21873S108
Call AI infrastructure $140.6M $774.4M -$633.9M -81.8% 1.0% 1,814,500 10,814,500 -9,000,000 Reduced
MICRON TECHNOLOGY INC COM · 595112103
Put Semis / AI compute $583.7M $0 +$583.7M New 4.3% 1,727,700 0 +1,727,700 New
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS · 874039100
Put Semis / AI compute $535.1M $0 +$535.1M New 3.9% 1,583,400 0 +1,583,400 New
ASML HLDG NV N Y REGISTRY SHS · N07059210
Put Semis / AI compute $494.1M $0 +$494.1M New 3.6% 374,100 0 +374,100 New
LUMENTUM HLDGS INC COM · 55024U109
Common AI infrastructure $0 $478.6M -$478.6M -100.0% 0.0% 0 1,298,400 -1,298,400 Exited
SANDISK CORP COM · 80004C200
Common Semis / AI compute $724.4M $250.2M +$474.1M +189.5% 5.3% 1,140,119 1,054,200 +85,919 Added
MICRON TECHNOLOGY INC COM · 595112103
Call Semis / AI compute $422.3M $0 +$422.3M New 3.1% 1,250,000 0 +1,250,000 New
SANDISK CORP COM · 80004C200
Call Semis / AI compute $388.8M $0 +$388.8M New 2.8% 611,900 0 +611,900 New
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS · 874039100
Call Semis / AI compute $354.8M $0 +$354.8M New 2.6% 1,050,000 0 +1,050,000 New
INTEL CORP COM · 458140100
Put Semis / AI compute $159.1M $0 +$159.1M New 1.2% 3,605,400 0 +3,605,400 New
CIPHER MINING INC COM · 17253J106
Common Bitcoin / compute power $0 $154.5M -$154.5M -100.0% 0.0% 0 10,469,093 -10,469,093 Exited
EQT CORP COM · 26884L109
Common Energy / power $0 $133.0M -$133.0M -100.0% 0.0% 0 2,482,225 -2,482,225 Exited
COREWEAVE INC COM CL A · 21873S108
Common AI infrastructure $556.1M $436.7M +$119.3M +27.3% 4.1% 7,177,919 6,098,812 +1,079,107 Added
COHERENT CORP COM · 19247G107
Common AI infrastructure $0 $88.6M -$88.6M -100.0% 0.0% 0 480,300 -480,300 Exited
CLEANSPARK INC COM NEW · 18452B209
Common Bitcoin / compute power $104.5M $16.6M +$87.9M +529.3% 0.8% 12,276,139 1,640,400 +10,635,739 Added
TOWER SEMICONDUCTOR LTD SHS NEW · M87915274
Common Semis / AI compute $0 $84.9M -$84.9M -100.0% 0.0% 0 723,004 -723,004 Exited
IREN LIMITED ORDINARY SHARES · Q4982L109
Common Bitcoin / compute power $401.0M $328.6M +$72.4M +22.0% 2.9% 11,698,835 8,700,621 +2,998,214 Added
RIOT PLATFORMS INC COM · 767292105
Common Bitcoin / compute power $142.2M $78.1M +$64.0M +81.9% 1.0% 11,502,137 6,167,700 +5,334,437 Added
KILROY RLTY CORP COM · 49427F108
Common Real estate $0 $49.6M -$49.6M -100.0% 0.0% 0 1,327,700 -1,327,700 Exited
T1 ENERGY INC COM NEW · 35834F104
Common Energy / power $43.9M $0 +$43.9M New 0.3% 10,000,000 0 +10,000,000 New
APPLIED DIGITAL CORP COM NEW · 038169207
Common AI infrastructure $320.0M $278.0M +$41.9M +15.1% 2.3% 13,478,438 11,339,060 +2,139,378 Added
HUT 8 CORP COM · 44812J104
Common Bitcoin / compute power $0 $39.5M -$39.5M -100.0% 0.0% 0 860,200 -860,200 Exited
EQT CORP COM · 26884L109
Call Energy / power $0 $37.5M -$37.5M -100.0% 0.0% 0 700,000 -700,000 Exited
CORE SCIENTIFIC INC NEW COM · 21874A106
Common Bitcoin / compute power $389.1M $418.7M -$29.6M -7.1% 2.8% 26,008,473 28,756,478 -2,748,005 Reduced
SOLARIS ENERGY INFRAS INC COM CL A · 83418M103
Common Energy / power $62.5M $85.8M -$23.3M -27.2% 0.5% 1,105,551 1,866,500 -760,949 Reduced
BITFARMS LTD COM · 09173B107
Common Bitcoin / compute power $38.8M $16.2M +$22.5M +139.1% 0.3% 19,875,840 6,897,100 +12,978,740 Added
CORNING INC COM · 219350105
Put AI infrastructure $21.0M $0 +$21.0M New 0.2% 154,600 0 +154,600 New
ADVANCED MICRO DEVICES INC COM · 007903107
Common Semis / AI compute $20.2M $0 +$20.2M New 0.1% 99,138 0 +99,138 New
BLOOM ENERGY CORP COM CL A · 093712107
Call Energy / power $55.3M $35.5M +$19.9M +55.9% 0.4% 408,500 408,500 0 Added
SHARONAI HOLDINGS INC COM CL A ADDED · 778920306
Common Other $18.1M $0 +$18.1M New 0.1% 796,108 0 +796,108 New
BABCOCK & WILCOX ENTERPRISES COM · 05614L209
Common Energy / power $19.9M $8.6M +$11.3M +131.7% 0.1% 1,353,900 1,353,900 0 Added
LIBERTY ENERGY INC COM CL A · 53115L104
Common Energy / power $0 $10.5M -$10.5M -100.0% 0.0% 0 567,200 -567,200 Exited
VANECK ETF TRUST SEMICONDUCTR ETF · 92189F676
Common Semis / AI compute $10.3M $0 +$10.3M New 0.1% 26,950 0 +26,950 New
BITDEER TECHNOLOGIES GROUP CL A ORD SHS · G11448100
Common Bitcoin / compute power $29.8M $20.0M +$9.7M +48.4% 0.2% 3,439,450 1,788,000 +1,651,450 Added
INTEL CORP COM · 458140100
Common Semis / AI compute $8.9M $37 +$8.9M +24133524.3% 0.1% 202,344 1 +202,343 Added
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS · 874039100
Common Semis / AI compute $7.6M $0 +$7.6M New 0.1% 22,423 0 +22,423 New
WHITEFIBER INC SHS · G96115103
Common AI infrastructure $20.9M $27.8M -$6.8M -24.6% 0.2% 1,757,600 1,757,600 0 Reduced
HIVE DIGITAL TECHNOLOGIES LT COM NEW · 433921103
Common Bitcoin / compute power $6.4M $0 +$6.4M New 0.0% 3,391,547 0 +3,391,547 New
ASML HLDG NV N Y REGISTRY SHS · N07059210
Common Semis / AI compute $6.1M $0 +$6.1M New 0.0% 4,633 0 +4,633 New
MICRON TECHNOLOGY INC COM · 595112103
Common Semis / AI compute $5.9M $0 +$5.9M New 0.0% 17,362 0 +17,362 New
PROPETRO HLDG CORP COM · 74347M108
Common Energy / power $13.1M $8.7M +$4.5M +51.5% 0.1% 910,300 910,300 0 Added
BLOOM ENERGY CORP COM CL A · 093712107
Common Energy / power $878.7M $875.5M +$3.2M +0.4% 6.4% 6,485,408 10,076,022 -3,590,614 Added
INFOSYS LTD SPONSORED ADR · 456788108
Put Other $6.8M $8.9M -$2.2M -24.2% 0.0% 500,000 500,000 0 Reduced
POWER SOLUTIONS INTL INC COM NEW · 73933G202
Common Energy / power $26.3M $24.7M +$1.6M +6.5% 0.2% 432,300 432,300 0 Added
CORNING INC COM · 219350105
Common AI infrastructure $718.3K $0 +$718.3K New 0.0% 5,283 0 +5,283 New
NVIDIA CORPORATION COM · 67066G104
Common Semis / AI compute $497.9K $0 +$497.9K New 0.0% 2,855 0 +2,855 New

Assessment

Interpretation is based only on the two public 13F filings and the reported values inside them.

Key read

  • Reported 13F value increased from $5.52B to $13.68B, a +$8.16B change (+147.9%). The number of line items rose from 29 to 42.
  • The largest structural shift is toward reported option exposure: puts and calls moved from $1.60B to $9.82B. Puts alone account for 61.9% of the current filing value.
  • Current focus remains concentrated around AI compute and its physical supply chain: semiconductors / AI compute ($9.31B), AI infrastructure ($1.06B), Bitcoin / compute power ($1.11B), and energy / power ($1.10B).
  • Top-five reported line items represent 48.7% of the filing, so the portfolio is highly concentrated by 13F reported value.

The filing reads less like a broad diversified equity book and more like a concentrated AI-infrastructure, semiconductor, compute-power, and hedging expression.

Largest changes

  • VANECK ETF TRUST Put: +$2.04B to $2.04B
  • NVIDIA CORPORATION Put: +$1.57B to $1.57B
  • ORACLE CORP Put: +$1.07B to $1.07B
  • BROADCOM INC Put: +$1.01B to $1.01B
  • ADVANCED MICRO DEVICES INC Put: +$969.2M to $969.2M
  • INTEL CORP Call: -$746.8M to $0
  • COREWEAVE INC Call: -$633.9M to $140.6M
  • LUMENTUM HLDGS INC Common: -$478.6M to $0

New positions

  • VANECK ETF TRUST Put: $2.04B
  • NVIDIA CORPORATION Put: $1.57B
  • ORACLE CORP Put: $1.07B
  • BROADCOM INC Put: $1.01B
  • ADVANCED MICRO DEVICES INC Put: $969.2M
  • MICRON TECHNOLOGY INC Put: $583.7M
  • TAIWAN SEMICONDUCTOR MANUFAC Put: $535.1M
  • ASML HLDG NV N Y REGISTRY Put: $494.1M

Exits and major removals

  • INTEL CORP Call: $746.8M removed
  • LUMENTUM HLDGS INC Common: $478.6M removed
  • CIPHER MINING INC Common: $154.5M removed
  • EQT CORP Common: $133.0M removed
  • COHERENT CORP Common: $88.6M removed
  • TOWER SEMICONDUCTOR LTD Common: $84.9M removed
  • KILROY RLTY CORP Common: $49.6M removed
  • HUT 8 CORP Common: $39.5M removed

Focus areas

  • Semis / AI compute increased by $8.23B, from $1.08B to $9.31B.
  • Other increased by $1.09B, from $8.9M to $1.10B.
  • AI infrastructure decreased by $1.02B, from $2.08B to $1.06B.
  • Energy / power decreased by $120.0M, from $1.22B to $1.10B.
  • Real estate decreased by $49.6M, from $49.6M to $0.
  • Bitcoin / compute power increased by $39.4M, from $1.07B to $1.11B.

Concerns and caveats

  • 13F data is lagged, long-only, and omits shorts, cash, many non-US securities, private holdings, financing, and most derivatives detail.
  • For puts and calls, 13F provides a reported value and share amount but not strike, maturity, premium paid, or whether the option is part of a spread or hedge.
  • Large reported put positions in SMH, NVIDIA, Oracle, Broadcom, AMD, Taiwan Semi, Micron, Intel, and ASML make directionality hard to infer without the missing option terms.
  • The current filing is heavily tied to AI infrastructure, semiconductors, power, and Bitcoin mining. That creates sensitivity to the AI capex cycle, chip-cycle pricing, power availability, Bitcoin economics, and high-beta data-center financing conditions.