Situational Awareness
Picture
Moves
Options: 9 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- new+25.11
- added+3.73
- added+6.63
- added−11.21
- trimmed+0.16
Positions
| CRWVCoreWeave, Inc. Class A | 25.11% | 4,115,456 | $563M | new | +25.11 pp | new |
| CORZCore Scientific, Inc. | 16.14% | 20,180,534 | $362M | added×2.5 | +3.73 pp | 3 q |
| IRENIREN Limited | 15.11% | 7,220,421 | $339M | added+13% | +6.63 pp | 3 q |
| VSTVistra Corp. | 11.25% | 1,287,910 | $252M | added+1% | −11.21 pp | 4 q |
| APLDApplied Digital Corporation | 6.20% | 6,064,155 | $139M | trimmed−8% | +0.16 pp | 3 q |
| GLXYGalaxy Digital Inc. Class A | 4.13% | 2,737,500 | $93M | new | +4.13 pp | new |
| Cipher Digital Incconvertible | 3.22% | 5,740,493 | $72M | new | +3.22 pp | new |
| RIOTRiot Platforms, Inc. | 3.05% | 3,592,699 | $68M | new | +3.05 pp | new |
| Lumentum Holdings Incconvertible | 3.03% | 417,600 | $68M | new | +3.03 pp | new |
| EQTEqt Corp | 2.95% | 1,217,386 | $66M | trimmed−43% | −8.43 pp | 3 q |
| SEISolaris Energy Infrastructure, Inc. | 2.05% | 1,150,300 | $46M | new | +2.05 pp | new |
| Bloom Energy Corpconvertible | 1.96% | 3,048,002 | $44M | new | +1.96 pp | new |
| TSEMTower Semiconductor Ltd | 1.52% | 470,600 | $34M | new | +1.52 pp | new |
| HUTHut 8 Corp. | 0.93% | 599,000 | $21M | new | +0.93 pp | new |
| Western Digital Corpconvertible | 0.82% | 152,821 | $18M | new | +0.82 pp | new |
| COHRCoherent Corp. | 0.74% | 154,400 | $17M | new | +0.74 pp | new |
| BTDRBitdeer Technologies Group Class A | 0.71% | 929,600 | $16M | new | +0.71 pp | new |
| SNDKSandisk Corporation | 0.58% | 115,000 | $13M | new | +0.58 pp | new |
| STXSeagate Technology Holdings PLC (Ireland) | 0.51% | 48,567 | $11M | new | +0.51 pp | new |
| AVGOBroadcom Inc. | — | −1,191,606 | — | exited | −29.87 pp | — |
| CEGConstellation Energy Corporation | — | −319,200 | — | exited | −9.37 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| INTC CALL | 35.82% | 20,237,400 | $679M |
| CRWV CALL | 16.71% | 2,314,500 | $317M |
| NVDA PUT | 15.75% | 1,600,000 | $299M |
| GDX PUT | 10.33% | 600,000 | $196M |
| CRWV PUT | 10.11% | 1,400,000 | $192M |
| AVGO PUT | 4.00% | 230,000 | $76M |
| TSM PUT | 3.98% | 270,000 | $75M |
| MU PUT | 2.65% | 300,000 | $50M |
| BE 2.5 08/15/25 CALL | 0.65% | 145,800 | $12M |
Notes