Situational Awareness
Picture
Moves
Options: 15 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| SNDKSandisk Corporation | 28.13% | 2,495,344 | $5.7B | added×2.2 | +9.34 pp | 4 q |
| MUMicron Technology, Inc. | 27.64% | 4,828,786 | $5.6B | added×278.1 | +27.49 pp | 2 q |
| BEBloom Energy Corporation | 9.41% | 6,272,808 | $1.9B | trimmed−3% | −13.38 pp | 3 q |
| TSMTaiwan Semiconductor Manufacturing Company Ltd. | 6.27% | 2,649,035 | $1.3B | added×118.1 | +6.07 pp | 2 q |
| NBISNebius Group N.V. Class A | 6.11% | 4,464,260 | $1.2B | new | +6.11 pp | new |
| CRWVCoreWeave, Inc. Class A | 3.69% | 7,479,558 | $745M | added+4% | −10.73 pp | 4 q |
| CORZCore Scientific, Inc. | 3.30% | 26,008,473 | $666M | held | — | 6 q |
| STMSTMicroelectronics N.V. | 2.90% | 7,802,700 | $584M | new | +2.90 pp | new |
| APLDApplied Digital Corporation | 2.33% | 15,384,616 | $469M | added+14% | −5.97 pp | 6 q |
| RIOTRiot Platforms, Inc. | 2.32% | 17,100,000 | $468M | added+49% | −1.37 pp | 4 q |
| SHAZSharonAI Holdings, Inc. Class A | 2.27% | 5,396,127 | $457M | added×6.8 | +1.80 pp | 2 q |
| IRENIREN Limited | 2.15% | 9,474,099 | $433M | trimmed−19% | −8.25 pp | 6 q |
| CLSKCleanspark Inc | 0.89% | 12,276,139 | $179M | held | — | 3 q |
| KEELKeel Infrastructure Corp. | 0.75% | 26,451,393 | $152M | new | +0.75 pp | new |
| SEISolaris Energy Infrastructure, Inc. | 0.45% | 1,129,621 | $91M | added+2% | −1.17 pp | 4 q |
| WYFIWhiteFiber, Inc. | 0.34% | 1,757,600 | $68M | held | — | 3 q |
| BTDRBitdeer Technologies Group Class A | 0.27% | 3,439,450 | $55M | held | — | 4 q |
| TET1 Energy Inc. | 0.23% | 4,900,000 | $46M | trimmed−51% | −0.91 pp | 2 q |
| HIVEHIVE Digital Technologies Ltd. | 0.16% | 9,133,726 | $33M | added×2.7 | −0.01 pp | 2 q |
| BWBabcock & Wilcox Enterprises, Inc. | 0.14% | 2,027,451 | $29M | added+50% | −0.38 pp | 3 q |
| PUMPProPetro Holding Corp. | 0.14% | 1,960,382 | $28M | added×2.2 | −0.20 pp | 3 q |
| VSHVishay Intertechnology, Inc. | 0.10% | 375,000 | $20M | new | +0.10 pp | new |
| CBRSCerebras Systems Inc. Class A | 0.01% | 10,000 | $2M | new | +0.01 pp | new |
| 1B2Bitfarms LTD/CANADA | — | −19,875,840 | — | exited | −1.01 pp | — |
| PSIXPower Solutions International, Inc. | — | −432,300 | — | exited | −0.68 pp | — |
| AMDAdvanced Micro Devices | — | −99,138 | — | exited | −0.52 pp | — |
| SMHVanEck Semiconductor ETF | — | −26,950 | — | exited | −0.27 pp | — |
| INTCIntel Corp | — | −202,344 | — | exited | −0.23 pp | — |
| ASMLASML Holding NV | — | −4,633 | — | exited | −0.16 pp | — |
| GLWCorning Incorporated | — | −5,283 | — | exited | −0.02 pp | — |
| NVDANvidia Corp | — | −2,855 | — | exited | −0.01 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| BE CALL | 60.24% | 145,800 | $44M |
| TSM CALL | 32.60% | 50,000 | $24M |
| INFY PUT | 7.16% | 500,000 | $5M |
Notes