Situational Awareness LP
SAN FRANCISCO, CA
$20.2bn in 23 US stocks at the end of 30 June 2026. The top 10 are 92.1% of the money. It changed about 54.6% of the portfolio this quarter.
Value
$20.2bn
Stocks
23
Top 10 share
92.1%
Turnover
54.6%
What changed this quarter
New
Bought for the first time this quarter.
- Nebius GroupNBIS6.1% of the fund
- STMicroelectronicsSTM2.9% of the fund
- Keel InfrastructureKEEL0.8% of the fund
- Vishay IntertechnologyVSH<0.1% of the fund
- Cerebras SystemsCBRS<0.1% of the fund
Added
Bought more of a stock they already held.
- SandiskSNDK28.1% of the fund+119%
- Micron TechnologyMU27.6% of the fund+27712%
- Taiwan Semiconductor ManufacturingTSM6.3% of the fund+11714%
- CoreWeaveCRWV3.7% of the fund+4%
- Applied DigitalAPLD2.3% of the fund+14%
- Riot PlatformsRIOT2.3% of the fund+49%
- SharonAI HoldingsSHAZ2.3% of the fund+578%
- Solaris Energy InfrastructureSEI0.5% of the fund+2%
- HIVE Digital TechnologiesHIVE0.2% of the fund+169%
- Babcock & Wilcox EnterprisesBW0.1% of the fund+50%
- ProPetro HoldingPUMP0.1% of the fund+115%
Cut
Sold some of their stake.
- Bloom EnergyBE9.4% of the fund-3%
- IrenIREN2.1% of the fund-19%
- T1 EnergyTE0.2% of the fund-51%
Sold out
Sold their entire stake.
- BitfarmsBITF-100%
- Power Solutions InternationalPSIX-100%
- Advanced Micro DevicesAMD-100%
- Vaneck ETF TrustSMH-100%
- IntelINTC-100%
- ASML Holding NVASML-100%
- CorningGLW-100%
- NvidiaNVDA-100%
Holdings
- Cerebras SystemsCBRS
- Share
- <0.1%
- Value
- $2m
- Shares
- 10,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| SandiskSNDK | 28.1% | $5.7bn | 2,495,344 | +119% |
| Micron TechnologyMU | 27.6% | $5.6bn | 4,828,786 | +27712% |
| Bloom EnergyBE | 9.4% | $1.9bn | 6,272,808 | -3% |
| Taiwan Semiconductor ManufacturingTSM | 6.3% | $1.3bn | 2,649,035 | +11714% |
| Nebius GroupNBIS | 6.1% | $1.2bn | 4,464,260 | New |
| CoreWeaveCRWV | 3.7% | $745m | 7,479,558 | +4% |
| Core ScientificCORZ | 3.3% | $666m | 26,008,473 | Held |
| STMicroelectronicsSTM | 2.9% | $584m | 7,802,700 | New |
| Applied DigitalAPLD | 2.3% | $469m | 15,384,616 | +14% |
| Riot PlatformsRIOT | 2.3% | $468m | 17,100,000 | +49% |
| SharonAI HoldingsSHAZ | 2.3% | $457m | 5,396,127 | +578% |
| IrenIREN | 2.1% | $433m | 9,474,099 | -19% |
| CleansparkCLSK | 0.9% | $179m | 12,276,139 | Held |
| Keel InfrastructureKEEL | 0.8% | $152m | 26,451,393 | New |
| Solaris Energy InfrastructureSEI | 0.5% | $91m | 1,129,621 | +2% |
| WhiteFiberWYFI | 0.3% | $68m | 1,757,600 | Held |
| Bitdeer Technologies GroupBTDR | 0.3% | $55m | 3,439,450 | Held |
| T1 EnergyTE | 0.2% | $46m | 4,900,000 | -51% |
| HIVE Digital TechnologiesHIVE | 0.2% | $33m | 9,133,726 | +169% |
| Babcock & Wilcox EnterprisesBW | 0.1% | $29m | 2,027,451 | +50% |
| ProPetro HoldingPUMP | 0.1% | $28m | 1,960,382 | +115% |
| Vishay IntertechnologyVSH | <0.1% | $20m | 375,000 | New |
| Cerebras SystemsCBRS | <0.1% | $2m | 10,000 | New |
Options (3)
- Bloom EnergyBE
- Type
- Call
- Value
- $44m
- Contracts
- 145,800
- Taiwan Semiconductor ManufacturingTSM
- Type
- Call
- Value
- $24m
- Contracts
- 50,000
- InfosysINFY
- Type
- Put
- Value
- $5m
- Contracts
- 500,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Bloom EnergyBE | Call | $44m | 145,800 |
| Taiwan Semiconductor ManufacturingTSM | Call | $24m | 50,000 |
| InfosysINFY | Put | $5m | 500,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 1734.1% since 30 June 2025.
Where the money is
Technology79.7%
Financial services10.2%
Industrials10.0%
Energy0.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.