I just updated the Situational Awareness LP post to reflect the new Q1 2026 13F filing published a couple of hours ago.

The post now includes the latest reported holdings, including an updated calculator for approximating the current portfolio.

Here is a quick analysis by Claude on the new filing:

> The long book still looks concentrated in AI infrastructure, but the emphasis shifted. Bloom Energy remains the largest disclosed stock position; Sandisk, CoreWeave, IREN, Core Scientific, Applied Digital, RIOT, CleanSpark, Solaris, T1 Energy, Bitfarms, Bitdeer, Power Solutions, WhiteFiber, and Babcock & Wilcox round out the disclosed long equity exposure. The fund also added small common-share rows in AMD, ASML, Micron, Nvidia, TSM, Corning, HIVE, and SharonAI. Meanwhile, several Q4 2025 long positions disappear from the 13F, including LITE, CIFR, EQT, COHR, TSEM, KRC, HUT, and LBRT, and the large INTC call row was replaced by a smaller INTC put row plus a small common position.

> My read is that the filing preserves the broad SA LP thesis—AI compute, power, semiconductors, and datacenter-adjacent infrastructure—but the disclosed book is now more explicitly hedged or asymmetric. The biggest new fact is not a fresh long in one AI winner; it is the scale of the semiconductor downside/option overlay alongside continued concentrated longs in power and AI-infrastructure names.