Leopold Aschenbrenner - Situational Awareness Partners Portfolio (Q1 2026)

Published:
Last Updated:

Situational Awareness Partners, Leopold Aschenbrenner, has built a diversified portfolio of 20 publicly traded holdings with a total market value of $3.9B as of Mar 31, 2026. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 22.8% of the total portfolio value. The top 5 holdings account for 63.7% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

20
Total Holdings
$3.9B
Portfolio Value
Mar 31, 2026
Latest Filing
22.8%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in BLOOM ENERGY CORP (BE) represents 22.8% of the total portfolio, valued at $878.7M.

Rank Symbol Company Value Portfolio % Change
1 BE BLOOM ENERGY CORP $878.7M 22.8% -35.6%
2 SNDK SANDISK CORP $724.4M 18.8% +8.2%
3 CORZ CORE SCIENTIFIC INC NEW $389.1M 10.1% -9.6%
4 APLD APPLIED DIGITAL CORP $320.0M 8.3% +18.9%
5 RIOT RIOT PLATFORMS INC $142.2M 3.7% +86.5%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 85 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
BITF Bitfarms Ltd. +12,978,740 Mar 31, 2026 BUY
CLSK CleanSpark, Inc. +10,635,739 Mar 31, 2026 BUY
CIFR Cipher Mining Inc. -10,469,093 Mar 31, 2026 SELL
FREY FREYR Battery, Inc. +10,000,000 Mar 31, 2026 BUY
RIOT Riot Platforms, Inc. +5,334,437 Mar 31, 2026 BUY
BE Bloom Energy Corporation -3,590,614 Mar 31, 2026 SELL
HIVE HIVE Digital Technologies Ltd +3,391,547 Mar 31, 2026 BUY
CORZ Core Scientific, Inc. -2,748,005 Mar 31, 2026 SELL
EQT EQT Corporation -2,482,225 Mar 31, 2026 SELL
APLD Applied Digital Corporation +2,139,378 Mar 31, 2026 BUY

Options Activity

Options trading activity provides insights into the investor's derivative strategies and hedging approaches. The following table shows options positions from the latest reporting period, sorted by notional value.

Symbol Company Type Contracts Notional Value Date
SMH VanEck Semiconductor ETF PUT 5,327,900 $2.0B Mar 31, 2026
NVDA NVIDIA Corporation PUT 8,992,300 $1.6B Mar 31, 2026
ORCL Oracle Corporation PUT 7,293,000 $1.1B Mar 31, 2026
AVGO Broadcom Inc. PUT 3,251,100 $1.0B Mar 31, 2026
AMD Advanced Micro Devices, Inc. PUT 4,764,100 $969.2M Mar 31, 2026
MU Micron Technology, Inc. PUT 1,727,700 $583.7M Mar 31, 2026
TSM Taiwan Semiconductor Manufactur PUT 1,583,400 $535.1M Mar 31, 2026
ASML ASML PUT 374,100 $494.1M Mar 31, 2026
MU Micron Technology, Inc. CALL 1,250,000 $422.3M Mar 31, 2026
SNDK SanDisk CALL 611,900 $388.8M Mar 31, 2026

Note: Notional value represents the total exposure value of the options position. For a complete analysis of all options strategies and historical options activity, visit our comprehensive options page.

Investment Strategy Insights

Situational Awareness Partners's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in BLOOM ENERGY CORP (BE) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 35.6% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 85 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 20 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Situational Awareness Partners's portfolio as of Mar 31, 2026 reflects a strategic approach to equity investing with 20 holdings valued at $3.9B. The concentrated position in BLOOM ENERGY CORP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

Other Investor Portfolios