News Summary
PositiveCore Scientific achieved strong Q2 2026 execution with 109% revenue growth YoY to $164.2M and a landmark $14B AMD partnership covering 530MW across five campuses, positioning the company as a major AI infrastructure player. The business has successfully transitioned from bitcoin mining to high-density colocation with 77% of H1 2026 revenue from colocation, backed by 4.5GW of gross power capacity pipeline and analyst consensus upgraded to 'Buy' with UBS initiating coverage at $24 price target (later upgraded to Strong Buy).
Red flags
- •Stock fell despite strong Q2 2026 ramp and positive earnings results, indicating potential market skepticism
- •Texas permitting risks and data center freeze concerns pose execution headwinds to planned expansions
- •Heavy reliance on single largest customer (AMD representing substantial portion of $14B contracted revenue) creates concentration risk
- •Significant capital deployment ahead of lease signings increases financial leverage and dilution risk
Funds Buying (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Point72 | Steve Cohen | 9.2M | +767K | $174M | 0.3% | +9% | Existing |
| Soros Fund Management | Soros Family Office | 2.2M | +1.4M | $42M | 0.6% | +156% | Existing |
| Tiger Global | Chase Coleman | 817K | +817K | $21M | <0.1% | — | NEW |
| Third Point | Dan Loeb | 54K | +54K | $1M | <0.1% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where CORZ ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #36 of this fund's book
- 33HERTZ GLOBAL HLDGS INC$4M
- 34FLYEXCLUSIVE INC$2M
- 35BAUSCH PLUS LOMB CORP$1M
- 36CORE SCIENTIFIC INC NEW$1M
- 37EROCK INC$1M
- 38APPLIED DIGITAL CORP$1M
- 39LITHIUM ARGENTINA AG$1M
position #39 of this fund's book
- 36ATRENEW INC$38M
- 37APPLIED DIGITAL CORP$33M
- 38CIPHER DIGITAL INC$23M
- 39CORE SCIENTIFIC INC NEW$21M
- 40UBER TECHNOLOGIES INC$11M
Values are quarter-end position sizes. Shown only for funds where CORZ ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| DUCHENE TODD M | See remarks | SELL | 10K | $16.31 | $0.16M | 2026-10-05 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $16.76 | $0.17M | 2026-09-28 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $18.37 | $0.18M | 2026-09-21 | ↗ |
| Weiss Eric Stanton | — | BUY | 6K | $16.33 | $0.10M | 2026-09-15 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $17.14 | $0.17M | 2026-09-14 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $18.67 | $0.19M | 2026-09-08 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $16.23 | $0.16M | 2026-08-31 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $17.45 | $0.17M | 2026-08-24 | ↗ |
| CRAIN ELIZABETH | — | BUY | 6K | $18.33 | $0.11M | 2026-08-20 | ↗ |
| Weiss Eric Stanton | — | BUY | 7K | $19.19 | $0.13M | 2026-08-18 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $20.10 | $0.20M | 2026-08-17 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 9K | $19.90 | $0.18M | 2026-08-10 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 1K | $20.65 | $0.02M | 2026-08-10 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 1K | $20.39 | $0.02M | 2026-08-03 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 2K | $21.55 | $0.03M | 2026-08-03 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 8K | $22.62 | $0.17M | 2026-08-03 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 8K | $20.75 | $0.17M | 2026-07-27 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 2K | $21.89 | $0.04M | 2026-07-27 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 100 | $22.49 | $0.00M | 2026-07-27 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $22.30 | $0.22M | 2026-07-20 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $22.43 | $0.22M | 2026-07-13 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 300 | $23.01 | $0.01M | 2026-07-13 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 10K | $22.63 | $0.23M | 2026-07-06 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 9K | $25.99 | $0.23M | 2026-06-29 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 1K | $27.42 | $0.03M | 2026-06-29 | ↗ |
| DUCHENE TODD M | See remarks | SELL | 100 | $27.95 | $0.00M | 2026-06-29 | ↗ |
Fund 13D/13G Filings (1)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).
| Fund | Form | ∆ Shares | % of Class | Since Filing | Filed | Src |
|---|---|---|---|---|---|---|
| Situational Awareness LP | SC 13D/A | — | 4.4% | -35.3% vs SPY -34.1% abs | 2026-08-04 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Pentwater Capital Management LP | SC 13G/A | 1.3M | 0.4% | 2026-08-14 | ↗ |
| Jericho Capital Asset Management L.P. | SC 13G | 22.9M | 7.2% | 2026-08-14 | ↗ |
| Valiant Capital Management, L.P. | SC 13G/A | 17.0M | 5.3% | 2026-08-14 | ↗ |
| JANE STREET GROUP, LLC | SC 13G/A | 20.1M | 6.3% | 2026-08-12 | ↗ |
| Citadel Securities GP LLC | SC 13G | 15.6M | 4.9% | 2026-08-05 | ↗ |
| Situational Awareness LP | SC 13D/A | 14.1M | 4.4% | 2026-08-04 | ↗ |
| Vanguard Capital Management | SC 13G | 16.2M | 5.1% | 2026-07-31 | ↗ |
| JANE STREET GROUP, LLC | SC 13G | 24.0M | 7.5% | 2026-05-26 | ↗ |
| Valiant Capital Management, L.P. | SC 13G/A | 16.2M | 5.1% | 2026-05-15 | ↗ |
| Citadel Securities GP LLC | SC 13G/A | 12.8M | 4.1% | 2026-05-15 | ↗ |
| G1 Execution Services, LLC | SC 13G/A | 14.6M | 4.6% | 2026-05-15 | ↗ |
| Vanguard Portfolio Management | SC 13G | 18.8M | 6.0% | 2026-04-29 | ↗ |
| Two Seas Capital LP | SC 13D/A | 14.0M | 4.4% | 2026-04-23 | ↗ |
| Two Seas Capital LP | SC 13D/A | 17.9M | 5.7% | 2026-04-16 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.