Breaking: Leopold Aschenbrenner just filed his Q1 2026 13F Here's everything you need to know about his recent 13F Top 10 positions: 1. VanEck Semiconductor ETF $SMH [Put] — $2.04B 2. Nvidia $NVDA [Put] — $1.57B 3. Oracle $ORCL [Put] — $1.07B 4. Broadcom $AVGO [Put] — $1.01B 5. Advanced Micro Devices $AMD [Put] — $969M 6. Bloom Energy $BE — $879M 7. SanDisk $SNDK — $724M 8. Micron $MU [Put] — $584M 9. CoreWeave $CRWV — $556M 10. Taiwan Semiconductor $TSM [Put] — $535M New positions: • $SMH, $NVDA, $ORCL, $AVGO, $AMD, $MU, $TSM, $ASML, $INTC, $GLW — all puts • $MU [Call] — $422M • $TSM [Call] — $355M • $SNDK [Call] — $389M Biggest adds: • CleanSpark $CLSK: +648% shares • Riot Platforms $RIOT: +87% shares Biggest trims: • CoreWeave $CRWV [Call]: -83% shares • Bloom Energy $BE: -36% shares Full exits: • Intel $INTC [Call] — was $747M • Lumentum $LITE — was $479M • EQT Corp $EQT — was $133M • Tower Semiconductor $TSEM — was $85M Summary: He kept his AI infrastructure longs and opened $8.45B in new puts against tech and semiconductor

If Sam Bankman-Fried did nothing illegal, he might have been the best VC in history What SBF bought vs. what it's worth today: • Cursor: ~$200K → ~$3B (+1,499,900%) • Anthropic: ~$499M → $82.3B (+16,400%) • SpaceX: ~$200M → ~$15B (+7,400%) • Solana: ~$189M → $5.1B (+2,600%) • Robinhood: $612.5M → $4.9B (+700%) • Genesis Digital: $1.17B → $3.5B (+200%) Had he done nothing wrong, he'd have an estimated worth of $114,000,000,000 today Instead he's tweeting from Federal Correctional Institution

And it begins Sullivan & Cromwell just admitted to a federal judge its court filings contained AI hallucinations The firm apologized to the federal judge as they had to submit multiple corrections focused around: • Fictitious Case Names: The filing included names of legal cases that do not exist • Fabricated Quotes: The document contained direct quotes that were never actually spoken or written • Non-existent Statutes: The AI incorrectly analyzed or entirely invented provisions within the U.S. Bankruptcy Code The primary team and secondary review all failed to catch these errors, meanwhile the firm's partners bill $2,000+ per hour