ChainThink report, May 13: According to market data, due to a significant decline in the U.S. equity sectors of storage and semiconductors, the portfolio holdings of Situational Awareness LP experienced a major downturn today.

Among the holdings disclosed in the Q4 2025 filing, only IREN (IREN) rose by 2.56%, while all other stocks posted varying degrees of losses, including Intel (INTC) down 6.82%, Sandisk Corp (SNDK) down 6.17%, CoreWeave (CRWV) down 6.06%, Lumentum (LITE) down 5.77%, Bitdeer (BTDR) down 2.58%, Applied Digital (APLD) down 1.48%, Coherent (COHR) down 1.5%, Core Scientific (CORZ) down 0.7%, Cipher Mining (CIFR) down 1.08%, and Bloom Energy (BE) down 1.14%.

The fund was founded by Leopold Aschenbrenner, a 25-year-old German-origin investor who previously worked at FTX Future Fund. In 2024, he joined OpenAI as a researcher but was subsequently terminated after being accused of leaking confidential information and refusing to cooperate with an internal investigation.

Following the publication of his 165-page viral paper titled "Situational Awareness: The Decade Ahead" in June 2024, which outlined the trajectory of AGI, he established the eponymous investment firm Situational Awareness LP, focusing on AI infrastructure with particular emphasis on power supply, data center compute capacity, semiconductor optics, and the transition of Bitcoin mining operations toward HPC (High-Performance Computing).

The fund's publicly disclosed portfolio stood at approximately $225 million in Q4 2024 and expanded to around $5.52 billion by Q4 2025, positioning it among Wall Street’s most prominent AI-themed funds.