Situational Awareness

Leopold Aschenbrenner

Period

Q2 2026

Portfolio Date

Jun 30, 2026

Stocks Held

23

Market Value

$20.2B

Holdings Value Trend

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Top 5 Holdings

1

$SNDK

Sandisk Corporation

28.0%

% of Portfolio

2

$MU

Micron Technology, Inc.

27.5%

% of Portfolio

3

$BE

Bloom Energy Corporation

9.4%

% of Portfolio

4

$TSM

Taiwan Semiconductor Manufacturing Company Limited

6.3%

% of Portfolio

5

$NBIS

Nebius Group N.V.

6.1%

% of Portfolio

Historical Positions

SymbolQ2 2026Q1 2026Q4 2025Q3 2025
SNDK28.0%5.3%4.5%-
MU27.5%---
BE9.4%6.4%15.9%-
TSM6.3%---
NBIS6.1%---
CRWV3.7%4.1%7.9%13.6%
CORZ3.3%2.8%7.6%8.8%
STM2.9%---
APLD2.3%2.3%5.0%3.4%
RIOT2.3%1.0%-1.6%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

SNDK-29.60%
MU-15.59%
BE-33.11%
NBIS-20.30%
STM-33.34%

Sector Analysis

Energy0.6%
Others3.0%
Financials5.5%
Technology75.0%
Industrials9.8%
Communication Services6.1%

Trading Summary

1

$NBIS

6.1%

2

$STM

2.9%

3

$KEEL

0.8%

4

$VSH

0.1%

5

$CBRS

0.0%

All Holdings

1

$SNDK

28.0%

2

$MU

27.5%

3

$BE

9.4%

4

$TSM

6.3%

5

$NBIS

6.1%

6

$CRWV

3.7%

7

$CORZ

3.3%

8

$STM

2.9%

9

$APLD

2.3%

10

$RIOT

2.3%

11

$SHAZ

2.3%

12

$IREN

2.1%

13

$CLSK

0.9%

14

$KEEL

0.8%

15

$SEI

0.5%

16

$WYFI

0.3%

17

$BTDR

0.3%

18

$TE

0.2%

19

$HIVE

0.2%

20

$BW

0.1%

21

$PUMP

0.1%

22

$VSH

0.1%

23

$CBRS

0.0%