Situational Awareness LP filed Q1 2026 13F: SMH leads a $13.7B portfolio

Filed: 2026-05-18 · Report date: 2026-03-31 · Form: 13F-HR

Source: SEC EDGAR filing

Portfolio overview

Portfolio value: $13.7B
Holdings: 42
Previous quarter: 2025-12-31

Top 5 holdings

SMH — $2B (14.9%)
NVDA — $1.6B (11.5%)
ORCL — $1.1B (7.8%)
AVGO — $1B (7.4%)
AMD — $969.2M (7.1%)

New positions

SMH — $2B (14.9%)
NVDA — $1.6B (11.5%)
ORCL — $1.1B (7.8%)
AVGO — $1B (7.4%)
AMD — $969.2M (7.1%)

Exits

LITE — last seen at $478.6M
CIFR — last seen at $154.5M
EQT — last seen at $133M
COHR — last seen at $88.6M
TSEM — last seen at $84.9M

Biggest adds

BE — +$843.2M (now $878.7M)
SNDK — +$474.1M (now $724.4M)
INTC — +$159.1M (now $159.1M)

Biggest trims

CRWV — -$296.2M (now $140.6M)
CORZ — -$29.6M (now $389.1M)
SEI — -$23.3M (now $62.5M)

Methodology note

13F filings are public quarterly disclosures with up to a 45-day lag from quarter-end. Numbers here reflect the manager's disclosed long US equity positions only; they are not a real-time portfolio, do not include derivatives or short positions, and are not actual fund NAV. Not investment advice.

Full case file: https://worldsmartmoney.com/manager/situational-awareness

This article: https://worldsmartmoney.com/news/situational-awareness-2026-03-31-000008

English thread

Tweet 1/5 · 171 chars

Situational Awareness LP filed Q1 2026 13F.

Portfolio: $13.7B (42 holdings)
Top: SMH $2B (14.9%)

https://worldsmartmoney.com/news/situational-awareness-2026-03-31-000008

Tweet 2/5 · 119 chars

Top 5 holdings:

1. SMH $2B (14.9%)
2. NVDA $1.6B (11.5%)
3. ORCL $1.1B (7.8%)
4. AVGO $1B (7.4%)
5. AMD $969.2M (7.1%)

Tweet 3/5 · 97 chars

Position changes from 2025-12-31:

🆕 New: SMH, NVDA, ORCL, AVGO
🚪 Exited: LITE, CIFR, EQT, COHR

Tweet 4/5 · 126 chars

📈 Biggest adds:
  BE +$843.2M
  SNDK +$474.1M
  INTC +$159.1M

📉 Biggest trims:
  CRWV -$296.2M
  CORZ -$29.6M
  SEI -$23.3M

Tweet 5/5 · 252 chars

Source: SEC 13F (≤45-day disclosure lag, not real-time, not fund NAV).

SEC: https://www.sec.gov/Archives/edgar/data/2045724/000204572426000008/0002045724-26-000008-index.htm
WSM: https://worldsmartmoney.com/news/situational-awareness-2026-03-31-000008

Chinese thread

Tweet 1/5 · 152 chars

Situational Awareness LP 更新 2026 Q1 13F

组合：$13.7B（42 只持仓）
第一持仓：SMH $2B（14.9%）

https://worldsmartmoney.com/news/situational-awareness-2026-03-31-000008

Tweet 2/5 · 107 chars

前 5 大持仓：

1. SMH $2B（14.9%）
2. NVDA $1.6B（11.5%）
3. ORCL $1.1B（7.8%）
4. AVGO $1B（7.4%）
5. AMD $969.2M（7.1%）

Tweet 3/5 · 70 chars

相比 2025-12-31 的变化：

🆕 新建仓：SMH、NVDA、ORCL、AVGO
🚪 清仓：LITE、CIFR、EQT、COHR

Tweet 4/5 · 109 chars

📈 加仓最多：
  BE +$843.2M
  SNDK +$474.1M
  INTC +$159.1M

📉 减仓最多：
  CRWV -$296.2M
  CORZ -$29.6M
  SEI -$23.3M

Tweet 5/5 · 221 chars

来源：SEC 13F（最多滞后 45 天公开，非实时，不代表基金净值）

SEC 原文：https://www.sec.gov/Archives/edgar/data/2045724/000204572426000008/0002045724-26-000008-index.htm
WSM 解读：https://worldsmartmoney.com/news/situational-awareness-2026-03-31-000008

13F is a quarterly disclosure with up to 45-day lag. Not real-time, not fund NAV, not investment advice.