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Looking at their 13f filing (filed in may 2026), they had $8 billion of leveraged put options.

Interesting - I guess at least some attempt at hedging given that they held puts in some of the same stocks they were long on.

https://whalewisdom.com/filer/situational-awareness-lp

Or perhaps this was more of an attempt to lock in some profits while still riding it higher? It seems most of his puts were in the chip stocks while his portfolio was more focused on "next phase" datacenter/infra stocks.

They had very large put positions on stock that they had very small long stock positions in, I think they were net short in almost everything they held puts on (except the smh etf put which I guess is an attempt to cancel out sector beta)

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