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 |
Bloom Energy
BE
|
+$1.06B |
| 2 |
Lumentum
LITE
|
+$333M |
| 3 |
CRWV
CoreWeave
CRWV
|
+$201M |
| 4 |
SNDK
Sandisk
SNDK
|
+$188M |
| 5 |
Cipher Digital
CIFR
|
+$185M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vistra
VST
|
+$252M |
| 2 |
GLXY
Galaxy Digital Inc
GLXY
|
+$92.6M |
| 3 |
Seagate
STX
|
+$11.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.86% |
| 2 | Industrials | 16.47% |
| 3 | Financials | 8.39% |
| 4 | Energy | 4.31% |
| 5 | Real Estate | 0.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Infosys
INFY
$47.4B
| $8.91M | 0.16% |
+500,000
| New | +$8.65M |
|
27
ProPetro Holding
PUMP
$1.32B
| $8.66M | 0.16% |
+910,300
| New | +$7.91M |
|
28
Babcock & Wilcox
BW
$1.4B
| $8.58M | 0.16% |
+1,353,900
| New | +$6.68M |
|
29
Intel
INTC
$462B
| $37 | ﹤0.01% |
+1
| New | +$38 |
|
30
PUT
Broadcom
AVGO
$1.82T
| – | – |
-230,000
| Closed | -$75.9M |
|
31
PUT
VanEck Gold Miners ETF
GDX
$23.2B
| – | – |
-600,000
| Closed | -$196M |
|
32
PUT
Micron Technology
MU
$1.02T
| – | – |
-300,000
| Closed | -$50.2M |
|
33
PUT
NVIDIA
NVDA
$4.76T
| – | – |
-1,600,000
| Closed | -$299M |
|
|
34
Seagate
STX
$185B
| – | – |
-48,567
| Closed | -$11.5M |
|
35
PUT
TSMC
TSM
$2.07T
| – | – |
-270,000
| Closed | -$75.4M |
|
|
36
Vistra
VST
$53B
| – | – |
-1,287,910
| Closed | -$252M |
|
|
CRWV
37
PUT
CoreWeave
CRWV
$38.6B
| – | – |
-1,400,000
| Closed | -$192M |
|
|
GLXY
38
Galaxy Digital Inc
GLXY
$4.35B
| – | – |
-2,737,500
| Closed | -$92.6M |
|
Similar funds
Leopold Aschenbrenner's Q4 2025 Portfolio in Review
As of Q4 2025, Leopold Aschenbrenner held 43 positions worth $5.52B, up 33% from $4.14B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Leopold Aschenbrenner deployed $2.29B of net new capital in Q4 2025, opening 15 new positions and adding to 13 existing holdings. Its largest new stake was Bloom Energy: 10,076,022 shares worth $876M.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 28% a quarter earlier, followed by Industrials and Financials.
On the sell side, the most notable exit was Vistra, an estimated $252M sold.
- Leopold Aschenbrenner's largest Q4 2025 buy was Bloom Energy: 10,076,022 shares worth $876M.
- Leopold Aschenbrenner added most to CoreWeave in Q4 2025, an estimated $201M increase.
- Leopold Aschenbrenner fully exited Vistra in Q4 2025, selling an estimated $252M.
- Leopold Aschenbrenner's ten largest holdings make up 86% of its $5.52B portfolio in Q4 2025.
- Leopold Aschenbrenner opened 15 new positions and closed 14 in Q4 2025.
- Leopold Aschenbrenner's portfolio value rose 33% quarter-over-quarter to $5.52B.
Based on Situational Awareness's 13F filing for Q4 2025, filed 11 Feb 2026.