官方 SEC 顯示 Situational Awareness LP 已提交 Q1 2026 13F，報告期是 2026-03-31，提交/生效在 5/18。13Radar 解析顯示：披露組合約 $13.677B、42 項資產、前十大集中度 93.94%、季度換手率 32.2%。 股票/ETF 前十大重點： BE：648.54 萬股，市值約 $8.79B，仍是最大股票倉，但減持 35.6%。 SNDK：114.01 萬股，約 $7.24B，加碼 8.2%。 CRWV：717.79 萬股，約 $5.56B，加碼 17.7%。 IREN：1169.88 萬股，約 $4.01B，加碼 34.5%。 CORZ：2600.85 萬股，約 $3.89B，減持 9.6%。 APLD：1347.84 萬股，約 $3.20B，加碼 18.9%。 RIOT/CLSK/TE 也進入前列，代表他仍把 miners / power site 當 AI data center optionality 看。 ------------------------------------------------------ Leopold 這份 13F 其實不是單純「重倉股票」，而是 選擇權佔 71.8%，股票只佔 28.2%。所以他的真正打法比較像： 多 AI 基建瓶頸股 + 用大型半導體/ETF 選擇權做方向或避險 股票倉裡最清楚的三條主線是： 電力 / AI data center 能源：BE 記憶體 / 儲存瓶頸：SNDK Neocloud / AI compute hosting：CRWV, IREN, CORZ, APLD 不過這數據是3/31的,那時候大恐慌,現在不知道調成怎樣了!

过去 2 小时跟踪了全网 435 条新闻消息，筛出 5 条值得关注的核心信号。美国 4 月 CPI 飙升至 3.8% 创三年新高，配合霍尔木兹海峡 10 亿桶的实物缺口，二次通胀已从预期变为物理现实。 1/ US CPI hits 3-year high as energy costs explode. Headline 4.0% data shows 3.8% YoY growth with energy inflation surging to 17.9%. Fed's Goolsbee calls the report 'worse than expected' as core services hit 0.45% monthly, effectively killing H1 rate cut hopes. $TSM $NVDA 2/ Global oil deficit reaches 1 billion barrels. ADNOC CEO warns the Hormuz blockade has created a massive physical supply gap that compounds daily. With WTI breaking $101 and Brent at $107, the market is finally pricing the structural failure of global energy transit. $CVX $XOM 3/ CME to launch AI compute futures. The world's largest derivatives exchange is partnering with Silicon Data to commoditize GPU rental rates. This shift turns AI compute from a capital expense into a hedgeable financial asset, validating the 'compute as the new oil' paradigm. $NVDA $AVGO 4/ Cerebras IPO at $5.5B valuation triggers OpenAI windfall. The chipmaker's listing could net OpenAI over $5B for its 11% stake as it seeks to diversify hardware supply. This establishes a clear valuation floor for custom AI silicon outside the NVIDIA monopoly. $MSFT $NVDA 5/ Treasury Secretary Bessent backs Bank of Japan's path. Meeting with PM Ishiba, Bessent signaled 'full confidence' in Governor Ueda and acknowledged that fundamentals will stabilize the Yen. This reduces the tail risk of a chaotic, uncoordinated global carry trade unwinding. $SONY $TM That's the signal from this window. With CPI and energy both breaking higher, is the Fed's 2% target officially dead? Repost if you're watching the same tape.