Leopold Aschenbrenner’s Situational Awareness Fund reported Q1 2026 positions centered on AI infrastructure and Bitcoin miners, and the new disclosure adds that its total disclosed investment positions reached $13.67 billion by March 31, 2026. The fund held major long positions in Bitcoin mining companies including IREN, Core Scientific, Riot Platforms, CleanSpark, Bitfarms, Bitdeer and Hive Digital, alongside AI infrastructure-related holdings. The filing also showed that Aschenbrenner built about $7.46 billion in semiconductor shorts, including bearish positions on SMH, Nvidia, Oracle and Broadcom, highlighting a portfolio that combined long exposure to digital infrastructure with sizable negative bets against parts of the chip sector.