Situational Awareness LP
Leopold Aschenbrenner (founder, ex-OpenAI Superalignment)
Pure AGI-thesis fund built around Aschenbrenner's 2024 'Situational Awareness' essay — concentrated long bets on the AGI compute/power buildout (neoclouds, power, memory) plus a large private Anthropic stake, hedged with puts on the headline semiconductor names it sees as overvalued.
Size$20B
TypeHedge fund
Top holdingNBIS · 15%
Positions
Top holdings
15%
20%
65%
NBIS15%Anthropic (private)20%Other65%
NBISNebius Group
15%Largest disclosed public long (Q1 2026); ~5.6% ownership stake; neocloud GPU compute
Anthropic (private)
20%Private position, not in the 13F; entered Feb 2025 at a ~$60B valuation
BEBloom Energy
Data-center power thesis; stock ran sharply after the stake was reported
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