Leopold Aschenbrenner Situational Awareness
Leopold Aschenbrenner is the founder of Situational Awareness, an investment firm focused on artificial intelligence and the companies positioned to benefit from its rapid advancement. A former researcher on OpenAI’s superalignment team, he gained wide attention for his essay series “Situational Awareness: The Decade Ahead,” which lays out his thesis on the trajectory of AI toward artificial general intelligence. His investment philosophy is built around this conviction, concentrating capital in firms across the AI supply chain, from chipmakers to power and infrastructure providers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Iris Energy
IREN
|
+$135M |
| 2 |
CleanSpark
CLSK
|
+$114M |
| 3 |
CRWV
CoreWeave
CRWV
|
+$93.6M |
| 4 |
Riot Platforms
RIOT
|
+$81.8M |
| 5 |
TE
T1 Energy
TE
|
+$73.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bloom Energy
BE
|
+$527M |
| 2 |
Lumentum
LITE
|
+$479M |
| 3 |
Cipher Digital
CIFR
|
+$155M |
| 4 |
EQT Corp
EQT
|
+$133M |
| 5 |
Coherent
COHR
|
+$88.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.7% |
| 2 | Industrials | 7.08% |
| 3 | Financials | 4.78% |
| 4 | Energy | 0.55% |
| 5 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Bitdeer Technologies
BTDR
$2.81B
| $29.8M | 0.22% |
3,439,450
+1,651,450
| +92% | +$17.4M |
|
|
PSIX
27
Power Solutions International
PSIX
$691M
| $26.3M | 0.19% |
432,300
| – | – |
|
28
PUT
Corning
GLW
$126B
| $21M | 0.15% |
+154,600
| New | +$18.6M |
|
|
WYFI
29
WhiteFiber Inc
WYFI
$912M
| $20.9M | 0.15% |
1,757,600
| – | – |
|
30
Advanced Micro Devices
AMD
$851B
| $20.2M | 0.15% |
+99,138
| New | +$21.2M |
|
31
Babcock & Wilcox
BW
$1.43B
| $19.9M | 0.15% |
1,353,900
| – | – |
|
|
SHAZ
32
SharonAI Holdings
SHAZ
$2.3B
| $18.1M | 0.13% |
+796,108
| New | +$19.1M |
|
33
ProPetro Holding
PUMP
$1.45B
| $13.1M | 0.1% |
910,300
| – | – |
|
34
VanEck Semiconductor ETF
SMH
$67.6B
| $10.3M | 0.08% |
+26,950
| New | +$10.7M |
|
35
Intel
INTC
$466B
| $8.93M | 0.07% |
202,344
+202,343
| +20,234,300% | +$9.27M |
|
36
TSMC
TSM
$2.09T
| $7.58M | 0.06% |
+22,423
| New | +$7.72M |
|
37
PUT
Infosys
INFY
$45B
| $6.75M | 0.05% |
500,000
| – | – |
|
|
HIVE
38
HIVE Digital Technologies
HIVE
$792M
| $6.44M | 0.05% |
+3,391,547
| New | +$8.37M |
|
39
ASML
ASML
$675B
| $6.12M | 0.04% |
+4,633
| New | +$6.35M |
|
40
Micron Technology
MU
$1.04T
| $5.87M | 0.04% |
+17,362
| New | +$6.8M |
|
|
41
Corning
GLW
$126B
| $718K | 0.01% |
+5,283
| New | +$637K |
|
42
NVIDIA
NVDA
$5.01T
| $498K | ﹤0.01% |
+2,855
| New | +$524K |
|
|
43
Cipher Digital
CIFR
$9.47B
| – | – |
-10,469,093
| Closed | -$155M |
|
|
44
Coherent
COHR
$55.2B
| – | – |
-480,300
| Closed | -$88.6M |
|
|
45
CALL
EQT Corp
EQT
$33.2B
| – | – |
-700,000
| Closed | -$37.5M |
|
|
46
EQT Corp
EQT
$33.2B
| – | – |
-2,482,225
| Closed | -$133M |
|
|
HUT
47
Hut 8
HUT
$12.4B
| – | – |
-860,200
| Closed | -$39.5M |
|
|
48
CALL
Intel
INTC
$466B
| – | – |
-20,237,400
| Closed | -$747M |
|
49
Kilroy Realty
KRC
$4.58B
| – | – |
-1,327,700
| Closed | -$49.6M |
|
50
Liberty Energy
LBRT
$2.83B
| – | – |
-567,200
| Closed | -$10.5M |
|
Similar funds
Leopold Aschenbrenner's Q1 2026 Portfolio in Review
As of Q1 2026, Leopold Aschenbrenner held 52 positions worth $13.7B, up 148% from $5.52B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Leopold Aschenbrenner deployed $7.68B of net new capital in Q1 2026, opening 23 new positions and adding to 9 existing holdings. Its largest new stake was T1 Energy: 10,000,000 shares worth $43.9M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 41% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Bloom Energy, an estimated $527M trimmed.
- Leopold Aschenbrenner's largest Q1 2026 buy was T1 Energy: 10,000,000 shares worth $43.9M.
- Leopold Aschenbrenner added most to Iris Energy in Q1 2026, an estimated $135M increase.
- Leopold Aschenbrenner's biggest Q1 2026 reduction was Bloom Energy, cutting an estimated $527M.
- Leopold Aschenbrenner fully exited Lumentum in Q1 2026, selling an estimated $479M.
- Leopold Aschenbrenner's ten largest holdings make up 73% of its $13.7B portfolio in Q1 2026.
- Leopold Aschenbrenner opened 23 new positions and closed 10 in Q1 2026.
- Leopold Aschenbrenner's portfolio value rose 148% quarter-over-quarter to $13.7B.
Based on Situational Awareness's 13F filing for Q1 2026, filed 18 May 2026.