We are live on ! Find out more
Leopold Aschenbrenner

Leopold Aschenbrenner Situational Awareness

AUM $13.7B
1-Year Est. Return 334.5%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+46.87%
1 Year Est. Return
+334.5%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$4.14B
AUM Growth
+$2.02B
Cap. Flow
+$981M
Cap. Flow %
23.7%
Top 10 Hldgs %
80.64%
Holding
31
New
22
Increased
3
Reduced
2
Closed
3

Top Buys

Rank Stock Value
1
CRWV
CoreWeave
CRWV
+$487M
2
CORZ icon
Core Scientific
CORZ
+$179M
3
GLXY
Galaxy Digital Inc
GLXY
+$73.8M
4
RIOT icon
Riot Platforms
RIOT
+$49.8M
5
SEI
Solaris Energy Infrastructure
SEI
+$36M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$366M
2
CEG icon
Constellation Energy
CEG
+$103M
3
EQT icon
EQT Corp
EQT
+$49M
4
APLD icon
Applied Digital
APLD
+$7.81M

Sector Composition

Rank Sector Weight
1 Technology 27.92%
2 Financials 12.58%
3 Utilities 6.1%
4 Energy 2.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SMH icon
26
PUT
VanEck Semiconductor ETF
SMH
$65.4B
– –
-2,044,100
Closed -$570M
1
2

Similar funds

PSCM
Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return
WHG
Westwood Holdings Group Dallas, Texas $13.7B AUM 21.48% 1-Year Est. Return
DCM
Driehaus Capital Management Chicago, Illinois $13.6B AUM 173.98% 1-Year Est. Return
CC
Centiva Capital New York $13.6B AUM 20% 1-Year Est. Return
PMAM
Picton Mahoney Asset Management Toronto, Ontario, Canada $13.5B AUM 50.48% 1-Year Est. Return
SAM
Silvercrest Asset Management New York $13.8B AUM 28.39% 1-Year Est. Return
AA
Acorns Advisers Irvine, California $13.5B AUM 15.15% 1-Year Est. Return
TI
Trexquant Investment Stamford, Connecticut $13.9B AUM 31.98% 1-Year Est. Return

Leopold Aschenbrenner's Q3 2025 Portfolio in Review

As of Q3 2025, Leopold Aschenbrenner held 31 positions worth $4.14B, up 95% from $2.12B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Leopold Aschenbrenner deployed $981M of net new capital in Q3 2025, opening 22 new positions and adding to 3 existing holdings. Its largest new stake was CoreWeave: 4,115,456 shares worth $563M.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 25% a quarter earlier, followed by Financials and Utilities.

On the sell side, the largest reduction was EQT Corp, an estimated $49M trimmed.

  • Leopold Aschenbrenner's largest Q3 2025 buy was CoreWeave: 4,115,456 shares worth $563M.
  • Leopold Aschenbrenner added most to Core Scientific in Q3 2025, an estimated $179M increase.
  • Leopold Aschenbrenner's biggest Q3 2025 reduction was EQT Corp, cutting an estimated $49M.
  • Leopold Aschenbrenner fully exited Broadcom in Q3 2025, selling an estimated $366M.
  • Leopold Aschenbrenner's ten largest holdings make up 81% of its $4.14B portfolio in Q3 2025.
  • Leopold Aschenbrenner opened 22 new positions and closed 3 in Q3 2025.
  • Leopold Aschenbrenner's portfolio value rose 95% quarter-over-quarter to $4.14B.

Based on Situational Awareness's 13F filing for Q3 2025, filed 14 Nov 2025.