AI stock god Leopold's pre-thunderstorm positions revealed: SanDisk and Micron two stocks account for half

According to the latest disclosure documents from the US SEC, the Situational Awareness LP under AI stock god Leopold Aschenbrenner submitted 13F-HR on August 14, 2026, which revealed a snapshot of open positions prior to the July liquidation crisis.

According to this 13F information sheet, Situational Awareness reports that the total declared value of positions is about US$20.04 billion. Among them, positions are highly concentrated: SanDisk is about US$5.674 billion, accounting for about 28.0%; Micron is about US$5.574 billion, accounting for about 27.5%. The total of these two storage chain labels alone is over $112 billion, accounting for about 55.5% of the combination.

In addition to memory chips, the portfolio also re-invests in AI infrastructure and computing power chains: Bloom Energy approximately US$1,899 million, TSMC ADR approximately US$1.65 billion, Nebius approximately US$1.23 billion, CoreWeave approximately US$745 million, and Scientific Core approximately US$666 million. The document also shows that it holds targets related to data centers, electricity, and Bitcoin mining companies such as Applied Digital, IREN, Riot Platforms, and CleanSpark.

This pre-thunderstorm ledger presents a set of deals that are highly betting on AI computing power bottlenecks: storage, foundry, cloud computing power, electricity, data centers, and mining infrastructure are bundled in the same direction. At the end of July, it was reported in the market that Situational Awareness was forced to sell most of its open stock positions due to falling AI-related stocks and leverage pressure. Eventually, Citadel took over the problematic stock portfolio, and the market had concerns about the fund's turmoil before.

Based on this position, Leopold crushed multiple volatile assets in the AI infrastructure chain into the same super-crowded deal. When AI transactions go smoothly, it's like a myth; when chips, computing power, and power chains retreat together, leverage can quickly turn the myth into an accident.

However, it should be emphasized that 13F only discloses US listed securities and some options as of June 30, and does not disclose intraday transactions, the full list of bears, financing structures, and sales after June 30.