Situational Awareness LP
CIK
2045724
Location
SAN FRANCISCO, CA
Portfolio Value
Large
$11,623,608,078
Diversification
Diversified
Filing Date
Global Rank
#386
/ 8,623
▲ 255
· as of Mar 2026
Top Industry
Semiconductors
48.5%
3Y Alpha vs SPY
+58.3%
Period ended 4 months ago
Filed May 18, 2026 · 2mo
6 quarters · since Dec 2024
Clone Performance
Feb 2025–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of Situational Awareness LP's reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
64% that is ordinary stock — as little as
33% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+59.3%
SPY
+21.4%
Annualised alpha
+23.5%
Max drawdown
−48.8%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 64% of reported value on average across 6 quarters. Past performance does not predict future results.
Portfolio Concentration
28 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
13.5%
−8.5 pts
Top 5
49.7%
−18.6 pts
Top 10
84.2%
−5.5 pts
HHI
797
Diversified−384
Portfolio Trend
6 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 84.9% | $9,869,736,802 |
| Industrials | 8.8% | $1,024,162,809 |
| Financial Services | 5.6% | $654,116,357 |
| Energy | 0.7% | $75,592,110 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| KEEL | Keel Infrastructure Corp. | +12,978,740 | 19,875,840 | $38,757,888 | |
| CLSK | Cleanspark, Inc. | +10,635,739 | 12,276,139 | $104,469,942 | |
| RIOT | Riot Platforms, Inc. | +5,334,437 | 11,502,137 | $142,166,413 | |
| IREN | IREN Ltd | +2,998,214 | 11,698,835 | $401,036,063 | |
| APLD | Applied Digital Corp. | +2,139,378 | 13,478,438 | $319,978,118 | |
| BTDR | Bitdeer Technologies Group | +1,651,450 | 3,439,450 | $29,751,242 | |
| SNDK | Sandisk Corp | +697,819 | 1,752,019 | $1,113,127,751 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| INTC | Intel Corp | −16,429,657 | 3,807,744 | $168,035,742 | |
| CRWV | CoreWeave, Inc. | −7,920,893 | 8,992,419 | $696,642,699 | |
| BE | Bloom Energy Corp | −3,590,614 | 6,893,908 | $934,055,594 | |
| CORZ | Core Scientific, Inc./tx | −2,748,005 | 26,008,473 | $389,086,756 | |
| SEI | Solaris Energy Infrastructure, Inc. | −760,949 | 1,105,551 | $62,474,687 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
11 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| NVDA | Nvidia Corp | 8,995,155 | $1,568,755,032 | |
| ORCL | Oracle Corp | 7,293,000 | $1,072,873,230 | |
| MU | Micron Technology Inc | 2,995,062 | $1,011,851,746 | |
| AVGO | Broadcom Inc. | 3,251,100 | $1,006,247,961 | |
| AMD | Advanced Micro Devices Inc | 4,863,238 | $989,328,506 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | 2,655,823 | $897,535,382 | |
| ASML | Asml Holding NV | 378,733 | $500,241,908 | |
| TE | T1 Energy Inc. | 10,000,000 | $43,900,000 | |
| GLW | Corning Inc /Ny | 159,883 | $21,739,291 | |
| SHAZ | SharonAI Holdings Inc. | 796,108 | $18,095,534 | |
| HIVE | HIVE Digital Technologies Ltd. | 3,391,547 | $6,443,939 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| LITE | Lumentum Holdings Inc. | 1,298,400 | $478,577,256 | |
| EQT | EQT Corp | 3,182,225 | $170,567,260 | |
| CIFR | Cipher Digital Inc. | 10,469,093 | $154,523,812 | |
| COHR | Coherent Corp. | 480,300 | $88,648,971 | |
| TSEM | Tower Semiconductor Ltd | 723,004 | $84,895,129 | |
| KRC | Kilroy Realty Corp | 1,327,700 | $49,616,149 | |
| HUT | Hut 8 Corp. | 860,200 | $39,517,588 | |
| LBRT | Liberty Energy Inc. | 567,200 | $10,470,512 | |
| No positions match the current search. | ||||
28 tracked positions ·
$11,623,608,078 total
· filing declares
42 positions · $13,676,657,577
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
PUT
+ SHARES
Technology
|
NEW | 8,995,155 | $1,568,755,032 | 13.50% | |
| SNDK |
Sandisk Corp
CALL
+ SHARES
Technology
|
Added | 1,752,019 | $1,113,127,751 | 9.58% | |
| ORCL |
Oracle Corp
PUT
Technology
|
NEW | 7,293,000 | $1,072,873,230 | 9.23% | |
| MU |
Micron Technology Inc
PUT
CALL
+ SHARES
Technology
|
NEW | 2,995,062 | $1,011,851,746 | 8.71% | |
| AVGO |
Broadcom Inc.
PUT
Technology
|
NEW | 3,251,100 | $1,006,247,961 | 8.66% | |
| AMD |
Advanced Micro Devices Inc
PUT
+ SHARES
Technology
|
NEW | 4,863,238 | $989,328,506 | 8.51% | |
| BE |
Bloom Energy Corp
CALL
+ SHARES
Industrials
|
Reduced | 6,893,908 | $934,055,594 | 8.04% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
PUT
CALL
+ SHARES
Technology
|
NEW | 2,655,823 | $897,535,382 | 7.72% | |
| CRWV |
CoreWeave, Inc.
CALL
+ SHARES
Technology
|
Reduced | 8,992,419 | $696,642,699 | 5.99% | |
| ASML |
Asml Holding NV
PUT
+ SHARES
Technology
|
NEW | 378,733 | $500,241,908 | 4.30% | |
| IREN |
IREN Ltd
Financial Services
|
Added | 11,698,835 | $401,036,063 | 3.45% | |
| CORZ |
Core Scientific, Inc./tx
Technology
|
Reduced | 26,008,473 | $389,086,756 | 3.35% | |
| APLD |
Applied Digital Corp.
Technology
|
Added | 13,478,438 | $319,978,118 | 2.75% | |
| INTC |
Intel Corp
PUT
+ SHARES
Technology
|
Reduced | 3,807,744 | $168,035,742 | 1.45% | |
| RIOT |
Riot Platforms, Inc.
Financial Services
|
Added | 11,502,137 | $142,166,413 | 1.22% | |
| CLSK |
Cleanspark, Inc.
Financial Services
|
Added | 12,276,139 | $104,469,942 | 0.90% | |
| SEI |
Solaris Energy Infrastructure, Inc.
Energy
|
Reduced | 1,105,551 | $62,474,687 | 0.54% | |
| TE |
T1 Energy Inc.
Industrials
|
NEW | 10,000,000 | $43,900,000 | 0.38% | |
| KEEL |
Keel Infrastructure Corp.
Technology
|
Added | 19,875,840 | $38,757,888 | 0.33% | |
| BTDR |
Bitdeer Technologies Group
Technology
|
Added | 3,439,450 | $29,751,242 | 0.26% | |
| PSIX |
Power Solutions International, Inc.
Industrials
|
Held | 432,300 | $26,318,424 | 0.23% | |
| GLW |
Corning Inc /Ny
PUT
+ SHARES
Technology
|
NEW | 159,883 | $21,739,291 | 0.19% | |
| WYFI |
WhiteFiber, Inc.
Technology
|
Held | 1,757,600 | $20,933,016 | 0.18% | |
| BW |
Babcock & Wilcox Enterprises, Inc.
Industrials
|
Held | 1,353,900 | $19,888,791 | 0.17% | |
| SHAZ |
SharonAI Holdings Inc.
Technology
|
NEW | 796,108 | $18,095,534 | 0.16% | |
| PUMP |
ProPetro Holding Corp.
Energy
|
Held | 910,300 | $13,117,423 | 0.11% | |
| INFY |
Infosys Ltd
PUT
Technology
|
Held | 500,000 | $6,755,000 | 0.06% | |
| HIVE |
HIVE Digital Technologies Ltd.
Financial Services
|
NEW | 3,391,547 | $6,443,939 | 0.06% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.