Situational Awareness reveals public holdings as of Q2: Here's what to know

Portfolio Positioning & Investment Strategy - Situational Awareness significantly increased its holdings in Micron and SanDisk during the second quarter of the year, representing over $11 billion in long exposure as of June 30th[1][2] - The fund held over $1 billion in stakes across neo-cloud provider Nebulous, Taiwan Semiconductor, and data center power generator Bloom Energy[3] - The fund's investments concentrated heavily on AI-related equities that ultimately suffered severe downturns during the July sell-off[1][3] - The fund's portfolio also included private holdings such as Anthropic alongside its liquid assets[4] Market Dynamics & Financial Risk - Situational Awareness managed a peak asset value of approximately $45 billion prior to market reversals and the utilization of leverage[3] - Following the market downturn, SanDisk lost 50% of its market value while Micron declined by more than 33.3% (1/3) over a 29-day period[2] - The fund was forced to unwind a substantial portion of its liquid positions at a discount to Citadel[2][3] - Situational Awareness experienced a sharp asset plunge of approximately $10 billion, driven by adverse market movements and compressed leverage[3][4]