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 |
Broadcom
AVGO
|
+$148M |
| 2 |
Onto Innovation
ONTO
|
+$98.8M |
| 3 |
Modine Manufacturing
MOD
|
+$64.1M |
| 4 |
Core Scientific
CORZ
|
+$51.5M |
| 5 |
EQT Corp
EQT
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$86.8M |
| 2 |
Vertiv
VRT
|
+$51.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.76% |
| 2 | Utilities | 12.77% |
| 3 | Consumer Discretionary | 5.47% |
| 4 | Energy | 5.26% |
| 5 | Financials | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Intel
INTC
$466B
| $460M | 45.7% |
+20,237,400
| New | +$443M |
|
|
2
Broadcom
AVGO
$1.82T
| $117M | 11.66% |
+700,000
| New | +$148M |
|
|
3
Onto Innovation
ONTO
$13.6B
| $71.2M | 7.08% |
+586,717
| New | +$98.8M |
|
4
Vistra
VST
$55.1B
| $61.8M | 6.14% |
525,846
+97,449
| +23% | +$14.6M |
|
|
5
Modine Manufacturing
MOD
$12.8B
| $55M | 5.47% |
716,824
+650,457
| +980% | +$64.1M |
|
|
6
EQT Corp
EQT
$33.2B
| $52.9M | 5.26% |
+989,398
| New | +$50.5M |
|
|
CRWV
7
CoreWeave
CRWV
$39.2B
| $45.4M | 4.52% |
+1,225,000
| New | +$47.2M |
|
8
Constellation Energy
CEG
$98B
| $37M | 3.68% |
183,400
+87,000
| +90% | +$23.3M |
|
|
9
Core Scientific
CORZ
$7.23B
| $32.7M | 3.26% |
+4,521,578
| New | +$51.5M |
|
|
TLN
10
Talen Energy Corp
TLN
$17.2B
| $29.6M | 2.95% |
148,395
+9,517
| +7% | +$2.06M |
|
11
Applied Digital
APLD
$7.77B
| $22.7M | 2.26% |
+4,035,600
| New | +$31.7M |
|
12
Iris Energy
IREN
$13.2B
| $20.5M | 2.04% |
+3,366,130
| New | +$32.8M |
|
|
13
Marvell Technology
MRVL
$174B
| – | – |
-785,896
| Closed | -$86.8M |
|
|
14
Vertiv
VRT
$112B
| – | – |
-455,146
| Closed | -$51.7M |
|
Similar funds
Leopold Aschenbrenner's Q1 2025 Portfolio in Review
As of Q1 2025, Leopold Aschenbrenner held 14 positions worth $1.01B, up 295% from $255M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Leopold Aschenbrenner deployed $869M of net new capital in Q1 2025, opening 8 new positions and adding to 4 existing holdings. Its largest new stake was Broadcom: 700,000 shares worth $117M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 34% a quarter earlier, followed by Utilities and Consumer Discretionary.
On the sell side, the most notable exit was Marvell Technology, an estimated $86.8M sold.
- Leopold Aschenbrenner's largest Q1 2025 buy was Broadcom: 700,000 shares worth $117M.
- Leopold Aschenbrenner added most to Modine Manufacturing in Q1 2025, an estimated $64.1M increase.
- Leopold Aschenbrenner fully exited Marvell Technology in Q1 2025, selling an estimated $86.8M.
- Leopold Aschenbrenner's ten largest holdings make up 96% of its $1.01B portfolio in Q1 2025.
- Leopold Aschenbrenner opened 8 new positions and closed 2 in Q1 2025.
- Leopold Aschenbrenner's portfolio value rose 295% quarter-over-quarter to $1.01B.
Based on Situational Awareness's 13F filing for Q1 2025, filed 14 May 2025.