Situational Awareness LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Situational Awareness LP initiated 10 new positions, increased allocation to 9 existing positions, trimmed 3 positions, and exited 8 positions entirely. The fund's 13F equity book declined from $3.91B to $3.86B (-1.5% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $3.91BPrior quarter
- $3.86BCurrent quarter
- $-0.06BNet delta
- -1.5%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| T1 ENERGY INC | TE | 1.14% | History → |
| ADVANCED MICRO DEVICES INC | AMD | 0.52% | Holders → |
| SHARONAI HOLDINGS INC | SHAZ | 0.47% | Holders → |
| VANECK ETF TRUST | SMH | 0.27% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | 0.20% | Holders → |
| HIVE DIGITAL TECHNOLOGIES LT | HIVE | 0.17% | Holders → |
| ASML HOLDING NV | ASML | 0.16% | Holders → |
| MICRON TECHNOLOGY INC | MU | 0.15% | Holders → |
| CORNING INC | GLW | 0.02% | Holders → |
| NVIDIA CORPORATION | NVDA | 0.01% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| INTEL CORP | INTC | +0.23% | +20234300.00% | Holders → |
| CLEANSPARK INC | CLSK | +2.29% | +648.36% | History → |
| BITFARMS LTD | SYN_09173B107 | +0.59% | +188.18% | Holders → |
| BITDEER TECHNOLOGIES GROUP | BTDR | +0.26% | +92.36% | Holders → |
| RIOT PLATFORMS INC | RIOT | +1.69% | +86.49% | History → |
| IREN LIMITED | IREN | +2.00% | +34.46% | History → |
| APPLIED DIGITAL CORP | APLD | +1.19% | +18.87% | History → |
| COREWEAVE INC | CRWV | +3.26% | +17.69% | History → |
| SANDISK CORP/DE | SNDK | +12.39% | +8.15% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| SOLARIS ENERGY INFRASTRUCTURE | SEI | -0.57% | -40.77% | History → |
| BLOOM ENERGY | BE | 0.42% | -35.64% | History → |
| CORE SCIENTIFIC INC NEW | CORZ | -0.61% | -9.56% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| LUMENTUM HLDGS INC | LITE | 12.23% |
| CIPHER DIGITAL INC | CIFR | 3.95% |
| EQT CORPORATION | EQT | 3.40% |
| COHERENT CORP | COHR | 2.27% |
| TOWER SEMICONDUCTOR LTD | TSEM | 2.17% |
| KILROY REALTY CORP | KRC | 1.27% |
| HUT 8 CORP | HUT | 1.01% |
| LIBERTY ENERGY INC | LBRT | 0.27% |
Methodology & FAQ
How Situational Awareness LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Situational Awareness LP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Situational Awareness LP initiate in Q1 2026?
Situational Awareness LP established 10 new positions in Q1 2026: T1 ENERGY INC (TE, 1.14%), ADVANCED MICRO DEVICES INC (AMD, 0.52%), SHARONAI HOLDINGS INC (SHAZ, 0.47%), VANECK ETF TRUST (SMH, 0.27%), TAIWAN SEMICONDUCTOR MANUFAC (TSM, 0.20%), HIVE DIGITAL TECHNOLOGIES LT (HIVE, 0.17%), ASML HOLDING NV (ASML, 0.16%), MICRON TECHNOLOGY INC (MU, 0.15%), CORNING INC (GLW, 0.02%), NVIDIA CORPORATION (NVDA, 0.01%).
Which existing positions saw the largest allocation increases for Situational Awareness LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: INTEL CORP (INTC, +0.23% weight, +20234300.00% shares), CLEANSPARK INC (CLSK, +2.29% weight, +648.36% shares), BITFARMS LTD (SYN_09173B107, +0.59% weight, +188.18% shares), BITDEER TECHNOLOGIES GROUP (BTDR, +0.26% weight, +92.36% shares), RIOT PLATFORMS INC (RIOT, +1.69% weight, +86.49% shares), IREN LIMITED (IREN, +2.00% weight, +34.46% shares), APPLIED DIGITAL CORP (APLD, +1.19% weight, +18.87% shares), COREWEAVE INC (CRWV, +3.26% weight, +17.69% shares), SANDISK CORP/DE (SNDK, +12.39% weight, +8.15% shares).
Which positions did Situational Awareness LP fully exit in Q1 2026?
Situational Awareness LP fully exited 8 positions in Q1 2026: LUMENTUM HLDGS INC (LITE, last-reported weight 12.23%), CIPHER DIGITAL INC (CIFR, last-reported weight 3.95%), EQT CORPORATION (EQT, last-reported weight 3.40%), COHERENT CORP (COHR, last-reported weight 2.27%), TOWER SEMICONDUCTOR LTD (TSEM, last-reported weight 2.17%), KILROY REALTY CORP (KRC, last-reported weight 1.27%), HUT 8 CORP (HUT, last-reported weight 1.01%), LIBERTY ENERGY INC (LBRT, last-reported weight 0.27%).
Which existing positions saw the largest allocation reductions for Situational Awareness LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: SOLARIS ENERGY INFRASTRUCTURE (SEI, -0.57% weight, -40.77% shares), BLOOM ENERGY (BE, 0.42% weight, -35.64% shares), CORE SCIENTIFIC INC NEW (CORZ, -0.61% weight, -9.56% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.