Nvidiaâs 13F portfolio value surged from $1.1B in Q4 2024 to $18.4B in Q1 2026, driven largely by growing positions in Intel, CoreWeave, Synopsys, Nokia, and Cohere.
The portfolio increasingly reflects the full AI stack:
Intel remains the largest disclosed holding at nearly $10B.
An ex-OpenAI Researcher Is Betting On Energy, Not AI
Leopold Aschenbrennerâs Q1 2026 13F filing highlights a bearish bet on semiconductors and cloud infrastructure.
The researcherâs portfolio consists of a large put positions against famous AI names - VanEck Semiconductor ETF ($2.0B), NVIDIA ($1.6B), Oracle ($1.1B), Broadcom ($1.0B), AMD ($1.0B), ASML ($0.5B), and Intel ($0.2B) - while maintaining spread positions on Micron ($0.6B put / $0.4B call) and TSMC ($0.5B put / $0.4B call).
On the other side, the fund goes long on storage and energy infrastructure: SanDisk ($0.7B long + $0.4B call), Bloom Energy ($0.9B), CoreWeave ($0.6B long + $0.1B call), IREN ($0.4B).
As models become larger and more compute intensive, the real scarcity may be found in megawatts and storage capacity rather than chips or software licenses.
đ For those of you who want to see a detailed breakdown of this information, find the full data here.
Intel made up over half of Nvidiaâs public equity portfolio in Q1 2026, with the chip giant also holding sizable stakes in CoreWeave, Synopsys, Coherent Corp, and Nokia.
The full portfolio reached $18.37B in value, highlighting Nvidiaâs exposure across semiconductors, AI infrastructure, and telecom.
Which holding surprises you most?
đ For those of you who want to see a detailed breakdown of this information, find the full data here.
Kevin Warshâs reported net worth would place him far above previous modern Fed chairs at the time of nomination.
From Paul Volckerâs estimated $142K in 1979 to Jerome Powellâs reported $112.3M in 2017, the scale of wealth tied to Federal Reserve leadership has shifted dramatically over time.
Warshâs estimated US$131M-209M range would set a new high if nominated in 2026.
Not all rallies are broad rallies.
The S&P 500 is up +8.2% in 2026, but beneath the surface the divergence has been extreme.
Some of the biggest movers so far:
This has become a market of stock pickers rather than index followers.
đ For those of you who want to see a detailed breakdown of this information, find the full data here.
The internet economy remains heavily concentrated in the U.S., with Amazon and Google alone generating over $1.1T in revenue.
China remains the clear second-largest player, led by JD, Alibaba, and Tencent, while the rest of the world still represents only a small share of global internet revenues.
Who do you think will gain the most market share over the next decade?