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Leopold Aschenbrenner (hottest name in Finance) has updated the equity holdings for his Situational Awareness Fund.
Below is every stock position he reported through the end of Q1 (excluding options):
$878.7M of Bloom Energy $BE
$724.4M of Sandisk $SNDK
$556.1M of CoreWeave $CRWV
$401M of Iren Limited $IREN
$389.1M of Core Scientific $CORZ
$320M of Applied Digital $APLD
$142.2M of Riot Platforms $RIOT
$104.5M of Cleanspark $CLSK
$62.5M of Solaris
$43.9M of T1 Energy $TE
$38.8M of Bitfarms
$29.8M of Bitdeer $BTDR
$26.3M of Power Solutions $PSIX
$21M of Corning $GLW
$20.9M of WhiteFiber $WYFI
$20.2M of $AMD
$19.9M of Babcock and Wilcox $BW
$18.1M of SharonAI $SHAZ
$13.1M of Propetro $PUMP
$10.3M of $SMH
$8.9M of Intel $INTC
$7.6M of Taiwan Semi $TSM
$6.4M of Hive Digital $HIVE
$6.1M of $ASML
$5.9M of Micron $MU
The Hedges:
Leopold Aschenbrenner's fund filed ~$7.5B notional in new puts on semis: $2B SMH, $1.57B NVDA, $1B AVGO, $970M AMD + Oracle/TSM etc.
Actual cash/premium paid: likely just $75-375M (1-5% of notional).
Equity book tripled to $13.67B, still long power/data centers/compute.
Offsetting calls on some names = hedge for peak semis vals, not a full short.