Leopold Aschenbrenner’s Q1 2026 13F filing reveals a massive pivot toward shorting the semiconductor sector, initiating billions in put options against Nvidia, SMH VanEck Semiconductor ETF, Oracle, Broadcom, AMD, Micron, Taiwan Semiconductor, ASML, and Intel. Simultaneously, he maintains long positions in AI infrastructure and energy assets including Bloom Energy, SanDisk, CoreWeave, IREN, Core Scientific, Applied Digital, and various bitcoin miners like Riot Platforms and CleanSpark. The strategy utilizes a hedged approach for specific names, holding both calls and puts on Micron, SanDisk, and Taiwan Semiconductor.