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25-year-old fund manager heavily shorted semiconductors and heavily invested in AI stocks in Q1

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According to the Q1 13F filing of Situational Awareness LP in 2026, the fund manager of the "25-year-old AI stock god" adopted an aggressive strategy in the first quarter, short selling semiconductors and betting on AI infrastructure. The total value of its put options reached $8.46 billion, accounting for 62% of the total portfolio value. Among them, VanEck Semiconductor ETF put options cost $2.04 billion, Nvidia $1.57 billion, Oracle $1.07 billion, Broadcom $1 billion, AMD $969 million, TSMC $535 million, and ASML $494 million. Compared to the $8.91 million put option in Q4 2025, the position has significantly increased. In terms of long positions, Bloom Energy holds $879 million, SanDisk $724 million, and CoreWeave $556 million. CoreWeave call options were reduced from $774 million to $141 million, while Intel call options were withdrawn and a new $159 million put option was added.

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