Situational Awareness LP

CIK 0002045724 · Q1 2026

13F Equity AUM

$13.7B

+147.9% QoQ

Positions

+4 QoQ

AUM Rank

#536

Top 4%

Skill Alpha (FF)

—

Building track record (4q)

Quarters Tracked

~1 years

Portfolio Concentration

Top 5: 49.9%Top 10: 82.9%Top 20: 98.8%

SMH15.0%

NVDA11.5%

SNDK8.1%

ORCL7.8%

MU7.4%

AVGO7.4%

AMD7.2%

BE6.8%

TSM6.6%

CRWV5.1%

Others (19)17.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology72.5%

Financial Services19.3%

Industrials7.5%

Other0.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 29Median: 1.23%Avg: 3.45%

0–0.5%

12(2.3%)

0.5–1%

1(0.8%)

1–3%

5(10.4%)

3–5%

1(3.7%)

5%+

10(82.9%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 28Unique: 1vs 20 funds

0.4%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

0.6%

STATE STREET CORP

0.8%

MORGAN STANLEY

0.5%

GEODE CAPITAL MANAGEMENT, LLC

0.8%

BlackRock, Inc.

0.7%

JPMORGAN CHASE & CO

0.5%

VANGUARD CAPITAL MANAGEMENT LLC

0.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.7%

FMR LLC

0.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New12Increased7Decreased5Exited8

New Positions

SMH15.0%

+5.4M

NVDA11.5%

+9.0M

ORCL7.8%

+7.3M

MU7.4%

+3.0M

AVGO7.4%

+3.3M

AMD7.2%

+4.9M

TSM6.6%

+2.7M

ASML3.7%

+379K

TE0.3%

+10.0M

GLW0.2%

+160K

Increased

BITF0.3%

+13.0M(+188%)

CLSK0.8%

+10.6M(+648%)

RIOT1.0%

+5.3M(+86%)

IREN2.9%

+3.0M(+34%)

APLD2.3%

+2.1M(+19%)

BTDR0.2%

+1.7M(+92%)

SNDK8.1%

+698K(+66%)

Decreased

INTC1.2%

-16,429,657(-81%)

CRWV5.1%

-7,920,893(-47%)

BE6.8%

-3,590,614(-34%)

CORZ2.8%

-2,748,005(-10%)

SEI0.5%

-760,949(-41%)

Exited

-1,298,400

-3,182,225

-10,469,093

-480,300

-723,004

-1,327,700

-860,200

-567,200

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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