Today we review major 13F filings and what they show about positioning across the AI stack, including memory, chips, power, and infrastructure. We highlight concentrated bets in names like SanDisk, Micron, and Alphabet, along with broader exposure to NVIDIA, TSMC, SpaceX, and related infrastructure plays. ------ 🔒 Check Out Our Sponsor: LEDGER AGENT STACK 🔒 https://developers.ledger.com/docs/ai-tools/overview/?utm_source=Audio&amp;utm_medium=Podcasts&amp;utm_campaign=Limitless ------ 🌌 LIMITLESS HQ ⬇️ NEWSLETTER: https://limitlessft.substack.com/ FOLLOW ON X: https://x.com/LimitlessFT SPOTIFY: https://open.spotify.com/show/5oV29YUL8AzzwXkxEXlRMQ APPLE: https://podcasts.apple.com/us/podcast/limitless-podcast/id1813210890 RSS FEED: https://limitlessft.substack.com/ ------ TIMESTAMPS 0:00 AI Money Stacks 2:51 Memory Theses 5:02 Buffett Bets on Google 10:19 The Infrastructure Layer 19:48 Payments and AI Rails 21:21 Consensus Winners Emerge 24:53 Power, Memory, Neoclouds 27:10 Closing ------ RESOURCES Josh: https://x.com/JoshKale Ejaaz: https://x.com/cryptopunk7213 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ Josh works with Anthropic as a contractor. All views expressed are his own and do not represent Anthropic, its leadership, or its affiliates. Nothing in this episode is investment advice.

New 13F Filings: Leopold's Ghost Portfolio and The Shifting AI Trade

Limitless: An AI Podcast

This week, every famous investor in America published their investment portfolios for the world to see. We're talking about over $200 billion worth of investments across the entire AI stack from the likes of Warren Buffett, Ray Dalio, and even our good friend Leopold Ashenbrenner. And at surface value, it might look like it's quite bearish. They sold a lot of major stocks, including Nvidia and some memory stocks as well. But if you look carefully, there's two specific layers within the AI theme that they've not only doubled down on but have increased the pie.

There's never been more money in the AI sphere before. And we're going to unpack all of these and more on today's episode. There was an episode that we recorded on July 31st in reference to Leopold's 13F where we said his next 13F filing is going to be one of the most exciting episodes of all time. And listen, we are here... It's sounding exciting. It's exciting. It's exciting. Guaranteed. I will say it's not exactly how we imagined this forecast going because what we're looking at here is basically a memor...

Memoratum, how do you say it when someone died? Like Leopold's dead. Moratorium. Yeah, Leopold's dead. Memoratorium, yes. That's what we're looking at. We're looking at a sheet of paper from a company that no longer exists because as we know, Leopold was liquidated tragically. Now, 13Fs, we might want to start there just so you kind of have an idea of what's going on here. Basically, any company that trades equities over $100 million must disclose their positions quarterly within 45 days of the quarter end.

New 13F Filings: Leopold's Ghost Portfolio and The Shifting AI Trade

Read the full transcript

The candid version is on a podcast,
not the earnings call.

New 13F Filings: Leopold's Ghost Portfolio and The Shifting AI Trade

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.