Situational Awareness LP (Leopold)

famous-pm, ai-thesis, tech, concentrated, active

Quarters 6

2025-06-30 $2.12B

Positions 9

Fund Profile

Stored public background and source notes.

Background

Leopold Aschenbrenner is a former member of OpenAI's Superalignment team; he founded Situational Awareness LP after leaving OpenAI in 2024. The fund was reported to have raised hundreds of millions at launch with anchor backing from Patrick and John Collison and Daniel Gross. Investment posture is concentrated long equity around AI infrastructure (semiconductors, hyperscaler enablers, power/utilities supporting datacenter demand) rather than diversified factor exposure.

Key People

Leopold Aschenbrenner Founder / PM
Former OpenAI Superalignment researcher; author of 'Situational Awareness: The Decade Ahead' (June 2024).

Track Record / Style

Too new to have a real public track record — only a handful of 13F quarters on file. Watch the entries / exits for the manager's evolving read on which names actually capture AI-driven economic surplus, and how concentration shifts as more public AI-adjacent names get pulled into the universe.

Profile Sources

2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31

Top 9 $2.12B 9 positions total

Issuer

Value

Weight

Share Δ%

VANECK ETF TRUST SMH $570.1M 26.85% — INTEL CORP INTC $453.3M 21.35% +0.00% BROADCOM INC AVGO $328.5M 15.47% +70.23% VISTRA CORP VST $246.9M 11.63% +142.31% CORE SCIENTIFIC INC NEW CORZ $136.5M 6.43% +76.80% EQT CORP EQT $125.1M 5.89% +116.83% CONSTELLATION ENERGY CORP CEG $103.0M 4.85% +74.05% IREN LIMITED $93.3M 4.39% +90.14% APPLIED DIGITAL CORP APLD $66.4M 3.13% +63.34%

Total Disclosed Value

2024-12-31 → 2026-03-31 · $254.8M → $13.68B