Leopold’s Situational Awareness discloses new long positions in NVDA, AMD, TSM, MU, and other semiconductor names plus adjustments to Bitcoin mining holdings in its latest 13F filing

Breaking: Leopold Aschenbrenner just filed his Q1 2026 13F

Here's everything you need to know about his recent 13F

Top 10 positions:

1. VanEck Semiconductor ETF $SMH [Put] — $2.04B 2. Nvidia $NVDA [Put] — $1.57B 3. Oracle $ORCL [Put] — $1.07B 4. Broadcom $AVGO [Put] — $1.01B 5. Advanced Micro Devices $AMD [Put] — $969M 6. Bloom Energy $BE — $879M 7. SanDisk $SNDK — $724M 8. Micron $MU [Put] — $584M 9. CoreWeave $CRWV — $556M 10. Taiwan Semiconductor $TSM [Put] — $535M

New positions:

• $SMH, $NVDA, $ORCL, $AVGO, $AMD, $MU, $TSM, $ASML, $INTC, $GLW — all puts • $MU [Call] — $422M • $TSM [Call] — $355M • $SNDK [Call] — $389M

Biggest adds:

• CleanSpark $CLSK: +648% shares • Riot Platforms $RIOT: +87% shares

Biggest trims:

• CoreWeave $CRWV [Call]: -83% shares • Bloom Energy $BE: -36% shares

Full exits:

• Intel $INTC [Call] — was $747M • Lumentum $LITE — was $479M • EQT Corp $EQT — was $133M • Tower Semiconductor $TSEM — was $85M

Summary: He kept his AI infrastructure longs and opened $8.45B in new puts against tech and semiconductor

🚨 Leopold Aschenbrenner's 13F just dropped

Check this out, this is absolutely INSANE.

Every major name. All brand new this quarter:

SMH VanEck Semi ETF – $2.04B NVDA – $1.57B ORCL – $1.07B AVGO – $1.01B AMD – $969M MU – $584M TSM – $535M ASML – $494M INTC – $159M

Last quarter he held a $747M bullish call on Intel.

THIS QUARTER IT IS A PUT.

He also cut his CoreWeave call from $774M down to $141M

FULL EXITS:

Lumentum, Coherent, Tower Semiconductor, Cipher Mining, Hut 8

What he kept and added:

The bitcoin miners turning themselves into AI data centers.

Applied Digital, Bitfarms, CleanSpark, IREN, Riot.

Plus a brand new stake in Hive Digital.

The thesis writes itself.

Long the companies pouring the concrete for the data centers. Short the chips going inside them.

The man who wrote the manifesto on AGI just bet against the semiconductors building it.

We’ve been in this game for a very long time, and when we make a new move, we’ll share it here.

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