Situational Awareness LP Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BE	BLOOM ENERGY CORP	10,076,022	$875,506	15.9%	$105.07	0.0%	COM CL A	093712107
LITE	LUMENTUM HLDGS INC	1,298,400	$478,577	8.7%	$256.82	0.0%	COM	55024U109
CIFR	CIPHER MINING INC	10,469,093	$154,524	2.8%	$17.65	0.0%	COM	17253J106
KRC	KILROY RLTY CORP	1,327,700	$49,616	0.9%	$37.37	—	COM	49427F108
EQT	EQT CORP	700,000	$37,520	0.7%	$54.19	+3.6%	CALL	26884L109
BE	BLOOM ENERGY CORP	408,500	$35,495	0.6%	$105.07	0.0%	CALL	093712107
WYFI	WHITEFIBER INC	1,757,600	$27,770	0.5%	$24.72	0.0%	SHS	G96115103
PSIX	POWER SOLUTIONS INTL INC	432,300	$24,702	0.4%	$71.37	0.0%	COM NEW	73933G202
CLSK	CLEANSPARK INC	1,640,400	$16,601	0.3%	$14.99	0.0%	COM NEW	18452B209
BITF	BITFARMS LTD	6,897,100	$16,208	0.3%	$3.42	0.0%	COM	09173B107
LBRT	LIBERTY ENERGY INC	567,200	$10,471	0.2%	$16.71	0.0%	COM CL A	53115L104
INFY	INFOSYS LTD	500,000	$8,910	0.2%	—	—	PUT	456788108
PUMP	PROPETRO HLDG CORP	910,300	$8,657	0.2%	$8.69	0.0%	COM	74347M108
BW	BABCOCK & WILCOX ENTERPRISES	1,353,900	$8,584	0.2%	$4.93	0.0%	COM	05614L209
INTC	INTEL CORP	1	$0	0.0%	$37.76	0.0%	COM	458140100

Increased Positions (13)

CRWV COREWEAVE INC 14.0%

Value ($000) $774,426 (+144.5%) Shares 10,814,500 (+367.2%) Est. Cost $112.80 Unrealized -10.1%

SNDK SANDISK CORP 4.5%

Value ($000) $250,246 (+1839.4%) Shares 1,054,200 (+816.7%) Est. Cost $184.81 Unrealized +8.4%

APLD APPLIED DIGITAL CORP 5.0%

Value ($000) $278,034 (+99.9%) Shares 11,339,060 (+87.0%) Est. Cost $17.50 Unrealized +64.6%

CRWV COREWEAVE INC 7.9%

Value ($000) $436,736 (-22.5%) Shares 6,098,812 (+48.2%) Est. Cost $112.80 Unrealized -10.1%

COHR COHERENT CORP 1.6%

Value ($000) $88,649 (+433.0%) Shares 480,300 (+211.1%) Est. Cost $133.54 Unrealized +12.0%

EQT EQT CORP 2.4%

Value ($000) $133,047 (+100.8%) Shares 2,482,225 (+103.9%) Est. Cost $54.19 Unrealized +3.6%

CORZ CORE SCIENTIFIC INC NEW 7.6%

Value ($000) $418,694 (+15.6%) Shares 28,756,478 (+42.5%) Est. Cost $14.41 Unrealized +21.0%

TSEM TOWER SEMICONDUCTOR LTD 1.5%

Value ($000) $84,895 (+149.5%) Shares 723,004 (+53.6%) Est. Cost $69.17 Unrealized +39.3%

SEI SOLARIS ENERGY INFRAS INC 1.6%

Value ($000) $85,803 (+86.6%) Shares 1,866,500 (+62.3%) Est. Cost $37.71 Unrealized +28.1%

HUT HUT 8 CORP 0.7%

Value ($000) $39,518 (+89.5%) Shares 860,200 (+43.6%) Est. Cost $31.08 Unrealized +41.8%

IREN IREN LIMITED 6.0%

Value ($000) $328,622 (-3.0%) Shares 8,700,621 (+20.5%) Est. Cost $17.67 Unrealized +192.0%

RIOT RIOT PLATFORMS INC 1.4%

Value ($000) $78,145 (+14.3%) Shares 6,167,700 (+71.7%) Est. Cost $15.21 Unrealized +12.5%

BTDR BITDEER TECHNOLOGIES GROUP 0.4%

Value ($000) $20,043 (+26.2%) Shares 1,788,000 (+92.3%) Est. Cost $15.03 Unrealized +7.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRWV	COREWEAVE INC	10,814,500 (+367.2%)	$774,426 (+144.5%)	14.0%	$112.80	-10.1%	CALL	21873S108
SNDK	SANDISK CORP	1,054,200 (+816.7%)	$250,246 (+1839.4%)	4.5%	$184.81	+8.4%	COM	80004C200
APLD	APPLIED DIGITAL CORP	11,339,060 (+87.0%)	$278,034 (+99.9%)	5.0%	$17.50	+64.6%	COM NEW	038169207
CRWV	COREWEAVE INC	6,098,812 (+48.2%)	$436,736 (-22.5%)	7.9%	$112.80	-10.1%	COM CL A	21873S108
COHR	COHERENT CORP	480,300 (+211.1%)	$88,649 (+433.0%)	1.6%	$133.54	+12.0%	COM	19247G107
EQT	EQT CORP	2,482,225 (+103.9%)	$133,047 (+100.8%)	2.4%	$54.19	+3.6%	COM	26884L109
CORZ	CORE SCIENTIFIC INC NEW	28,756,478 (+42.5%)	$418,694 (+15.6%)	7.6%	$14.41	+21.0%	COM	21874A106
TSEM	TOWER SEMICONDUCTOR LTD	723,004 (+53.6%)	$84,895 (+149.5%)	1.5%	$69.17	+39.3%	SHS NEW	M87915274
SEI	SOLARIS ENERGY INFRAS INC	1,866,500 (+62.3%)	$85,803 (+86.6%)	1.6%	$37.71	+28.1%	COM CL A	83418M103
HUT	HUT 8 CORP	860,200 (+43.6%)	$39,518 (+89.5%)	0.7%	$31.08	+41.8%	COM	44812J104
IREN	IREN LIMITED	8,700,621 (+20.5%)	$328,622 (-3.0%)	6.0%	$17.67	+192.0%	ORDINARY SHARES	Q4982L109
RIOT	RIOT PLATFORMS INC	6,167,700 (+71.7%)	$78,145 (+14.3%)	1.4%	$15.21	+12.5%	COM	767292105
BTDR	BITDEER TECHNOLOGIES GROUP	1,788,000 (+92.3%)	$20,043 (+26.2%)	0.4%	$15.03	+7.2%	CL A ORD SHS	G11448100

Exited Positions (14)

NVDA NVIDIA CORPORATION 5.4%

Value ($000) $298,528 Shares 1,600,000 Est. Cost — Unrealized —

VST VISTRA CORP 4.6%

Value ($000) $252,327 Shares 1,287,910 Est. Cost $144.89 Unrealized +25.6%

GDX VANECK ETF TRUST 3.5%

Value ($000) $195,816 Shares 600,000 Est. Cost — Unrealized —

CRWV COREWEAVE INC 3.5%

Value ($000) $191,590 Shares 1,400,000 Est. Cost $112.80 Unrealized -10.1%

GLXY GALAXY DIGITAL INC. 1.7%

Value ($000) $92,555 Shares 2,737,500 Est. Cost $26.97 Unrealized +14.9%

AVGO BROADCOM INC 1.4%

Value ($000) $75,879 Shares 230,000 Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.4%

Value ($000) $75,408 Shares 270,000 Est. Cost — Unrealized —

— CIPHER MINING INC 1.3%

Value ($000) $72,273 Shares 5,740,493 Est. Cost $12.59 Unrealized —

— LUMENTUM HLDGS INC 1.2%

Value ($000) $67,948 Shares 417,600 Est. Cost $162.71 Unrealized —

MU MICRON TECHNOLOGY INC 0.9%

Value ($000) $50,196 Shares 300,000 Est. Cost — Unrealized —

— BLOOM ENERGY CORP 0.8%

Value ($000) $43,890 Shares 3,048,002 Est. Cost $14.40 Unrealized —

— WESTERN DIGITAL CORP 0.3%

Value ($000) $18,348 Shares 152,821 Est. Cost $120.06 Unrealized —

— BLOOM ENERGY CORP 0.2%

Value ($000) $12,330 Shares 145,800 Est. Cost $14.40 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 0.2%

Value ($000) $11,465 Shares 48,567 Est. Cost $169.71 Unrealized +52.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	1,600,000	$298,528	5.4%	—	—	PUT	67066G104
VST	VISTRA CORP	1,287,910	$252,327	4.6%	$144.89	+25.6%	—	92840M102
GDX	VANECK ETF TRUST	600,000	$195,816	3.5%	—	—	PUT	92189F106
CRWV	COREWEAVE INC	1,400,000	$191,590	3.5%	$112.80	-10.1%	PUT	21873S108
GLXY	GALAXY DIGITAL INC.	2,737,500	$92,555	1.7%	$26.97	+14.9%	—	36317J209
AVGO	BROADCOM INC	230,000	$75,879	1.4%	—	—	PUT	11135F101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	270,000	$75,408	1.4%	—	—	PUT	874039100
—	CIPHER MINING INC	5,740,493	$72,273	1.3%	$12.59	—	—	17253JAA4
—	LUMENTUM HLDGS INC	417,600	$67,948	1.2%	$162.71	—	—	55024UAD1
MU	MICRON TECHNOLOGY INC	300,000	$50,196	0.9%	—	—	PUT	595112103
—	BLOOM ENERGY CORP	3,048,002	$43,890	0.8%	$14.40	—	—	093712AH0
—	WESTERN DIGITAL CORP	152,821	$18,348	0.3%	$120.06	—	—	958102AT2
—	BLOOM ENERGY CORP	145,800	$12,330	0.2%	$14.40	—	CALL	093712AH0
STX	SEAGATE TECHNOLOGY HLDNGS PL	48,567	$11,465	0.2%	$169.71	+52.6%	—	G7997R103

Unchanged Positions (1)

INTC INTEL CORP 13.5%

Value ($000) $746,760 Shares 20,237,400 Est. Cost $37.76 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
INTC	INTEL CORP	20,237,400	$746,760	13.5%	$37.76	0.0%	CALL	458140100