Investor: Leopold Aschenbrenner
Number of Assets: 29
Reporting Period: Q4 - 2025
Holdings at Report: $5,516,758,344
Return Since Report: +$978,275,617
Return Since Report: +17.73%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Bitfarms Ltd. (BITF) | Equity | +100% | 6,897,100 | 0.41% | $2.35 | N/A | $16,208,185 | N/A | N/A | N/A |
| Bloom Energy Corp. (BE) | Equity | +100% | 10,076,022 | 22.37% | $86.89 | $135.54 | $875,505,552 | $1,365,704,022 | +$490,198,470 | +55.99% |
| Bloom Energy Corporation (BE) | Call | +100% | 408,500 | N/A | $86.89 | N/A | $35,494,565 | N/A | N/A | N/A |
| Cipher Mining Inc. (CIFR) | Equity | +100% | 10,469,093 | 3.95% | $14.76 | $12.85 | $154,523,813 | $134,475,500 | -$20,048,313 | -12.97% |
| Cleanspark Inc. (CLSK) | Equity | +100% | 1,640,400 | 0.42% | $10.12 | N/A | $16,600,848 | N/A | N/A | N/A |
| Coherent Corp. (COHR) | Equity | +211.08% | 480,300 | 2.27% | $184.57 | $238.00 | $88,648,971 | $114,311,400 | +$25,662,429 | +28.95% |
| Core Scientific Inc. (CORZ) | Equity | +42.50% | 28,756,478 | 10.70% | $14.56 | $14.96 | $418,694,320 | $430,196,911 | +$11,502,591 | +2.75% |
| CoreWeave Inc. (CRWV) | Equity | +48.19% | 6,098,812 | 11.16% | $71.61 | $77.47 | $436,735,927 | $472,474,966 | +$35,739,039 | +8.18% |
| Applied Digital Corp. (APLD) | Equity | +86.98% | 11,339,060 | 7.10% | $24.52 | $23.74 | $278,033,751 | $269,189,284 | -$8,844,467 | -3.18% |
| Babcock & Wilcox Enterprises Inc. (BW) | Equity | +100% | 1,353,900 | 0.22% | $6.34 | N/A | $8,583,726 | N/A | N/A | N/A |
| Bitdeer Technologies Group (BTDR) | Equity | +92.34% | 1,788,000 | 0.51% | $11.21 | $8.64 | $20,043,480 | $15,448,320 | -$4,595,160 | -22.93% |
| Coreweave INC | Call | +100% | 10,814,500 | N/A | $71.61 | N/A | $774,426,345 | N/A | N/A | N/A |
| EQT Corp. (EQT) | Equity | +103.90% | 2,482,225 | 3.40% | $53.60 | $63.47 | $133,047,260 | $157,546,821 | +$24,499,561 | +18.41% |
| EQT Corporation (EQT) | Call | +100% | 700,000 | N/A | $53.60 | N/A | $37,520,000 | N/A | N/A | N/A |
| Hut 8 Corp. (HUT) | Equity | +43.61% | 860,200 | 1.01% | $45.94 | N/A | $39,517,588 | N/A | N/A | N/A |
| Iren Limited (IREN) | Equity | +20.50% | 8,700,621 | 8.40% | $37.77 | $62.21 | $328,622,455 | $541,222,129 | +$212,599,674 | +64.69% |
| Infosys Limited (INFY) | Put | +100% | 500,000 | N/A | $17.82 | N/A | $8,910,000 | N/A | N/A | N/A |
| Intel Corp. (INTC) | Equity | +100% | 1 | 0.00% | $37.00 | $44.13 | $37 | $44 | +$7 | +19.27% |
| Intel Corporation (INTC) | Call | +100% | 20,237,400 | N/A | $36.90 | N/A | $746,760,060 | N/A | N/A | N/A |
| Kilroy Realty Corp. (KRC) | Equity | +100% | 1,327,700 | 1.27% | $37.37 | $28.20 | $49,616,149 | $37,441,140 | -$12,175,009 | -24.54% |
| Liberty Energy Inc. (LBRT) | Equity | +100% | 567,200 | 0.27% | $18.46 | N/A | $10,470,512 | N/A | N/A | N/A |
| Lumentum Holdings Inc. (LITE) | Equity | +100% | 1,298,400 | 12.23% | $368.59 | $702.76 | $478,577,256 | $912,463,584 | +$433,886,328 | +90.66% |
| Power Solutions Intl INC | Equity | +100% | 432,300 | 0.63% | $57.14 | N/A | $24,701,622 | N/A | N/A | N/A |
| Propetro Holding Corp. (PUMP) | Equity | +100% | 910,300 | 0.22% | $9.51 | N/A | $8,656,953 | N/A | N/A | N/A |
| Riot Platforms Inc. (RIOT) | Equity | +71.67% | 6,167,700 | 2.00% | $12.67 | $12.37 | $78,144,759 | $76,263,611 | -$1,881,149 | -2.41% |
| Sandisk corp | Equity | +816.70% | 1,054,200 | 6.39% | $237.38 | $0.00 | $250,245,996 | $0 | -$250,245,996 | -100% |
| Solaris Energy Infras inc (SOI) | Equity | +62.26% | 1,866,500 | 2.19% | $45.97 | N/A | $85,803,005 | N/A | N/A | N/A |
| Tower Semiconductor Ltd. (TSEM) | Equity | +53.63% | 723,004 | 2.17% | $117.42 | $175.48 | $84,895,130 | $126,872,742 | +$41,977,612 | +49.45% |
| Whitefiber INC | Equity | +100% | 1,757,600 | 0.71% | $15.80 | N/A | $27,770,080 | N/A | N/A | N/A |