SALP 13F data: SNDK’s current holdings are valued at $1482 million

According to Finbold’s May 4 report, based on Situational Awareness LP (SALP)’s 13F quarterly filings submitted to the U.S. Securities and Exchange Commission (SEC) and calculated using SanDisk (SNDK)’s share price of $1,406 as of May 6, if SALP made no selling reductions, its current SNDK holding would be valued at $8B.

SNDK Holding Changes: Increased More Than Eightfold From Q3 to Q4

According to SALP’s 13F quarterly filings submitted to the SEC, the 2025 Q3 report (as of September 30) shows that SALP held 115,000 shares of SNDK, with a holding value of about $12.91 million calculated using the September 30 closing price of $112.2.

The 2025 Q4 13F filing further disclosed that SALP had significantly increased its SNDK shareholding to 1,054,200 shares, with the disclosed holding value of about $250 million. Using SNDK’s share price of $1,406 as of May 6, the current holding value is about $1.48B. From the Q3 report period closing price of $112.2, SNDK’s share price has risen cumulatively by about 1,153%.

SALP Major Holdings Overview and Fund Size

Based on SALP’s successive 13F filings submitted to the SEC, the fund’s publicly disclosed holdings expanded from about $225 million in 2024 Q4 to about $5.52 billion in 2025 Q4. Finbold cited the latest 13F filings to disclose the following major holdings:

Bloom Energy (NYSE: BE): about 16% of the investment portfolio; BE’s share price rose from $86.89 to $294.89 from the beginning of 2026 through May 4, an increase of about 239.38%; the holding value rose from about $875 million as of December 31, 2025 to about $3.0 billion as of May 4

CoreWeave (CRWV): the second-largest holding

Intel (INTC) call options: the third-largest holding

Lumentum Holdings (LITE): up 167.14% since the beginning of 2026; the 13F disclosed original holding value was $478 million, with the holding value increasing by about $800 million during the period

SanDisk (SNDK): up more than 400% since the beginning of 2026; the Q4 disclosed original holding value was $250 million

Leopold Aschenbrenner Background and SALP Founding

According to Finbold, SALP was founded by Leopold Aschenbrenner, who is about 25 years old, of German descent, and born in 2001 or 2002. Aschenbrenner previously worked at the FTX Future Fund, and in 2023 joined OpenAI as a researcher; according to Finbold’s citation, he left OpenAI in 2024 and was accused of being involved in a controversy involving leaks of confidential information. In June 2024, he published a 165-page report, “Situational Awareness: The Decade Ahead,” and then founded the namesake fund SALP, focusing on AI infrastructure, covering areas such as data center computing power, power supply, and semiconductor optics.

FAQs

How is SALP’s current SNDK holding valuation calculated?

According to SALP’s 2025 Q4 13F filing submitted to the SEC, SALP holds 1,054,200 shares of SNDK. Using the SNDK share price of $1,406 as of May 6, if SALP made no selling reductions, the current holding value is about $1.48B. This figure was reported by Finbold on May 4.

How did SALP’s fund size change between 2024 and 2025?

Based on SEC 13F public filings, SALP’s fund holdings expanded from about $225 million in 2024 Q4 to about $5.52 billion in 2025 Q4, growing more than 23 times in about a year.

What is SALP’s largest holding, and how has it performed in 2026?

Based on SALP’s latest 13F filing, Bloom Energy (NYSE: BE) is the largest holding, accounting for about 16% of the investment portfolio. From the beginning of 2026 through May 4, BE’s share price rose from $86.89 to $294.89, an increase of about 239.38%. During the same period, the holding value rose from about $875 million to about $3.0 billion.