ChainThink report, May 13: According to market data, due to a significant downturn in the U.S. equity sectors of storage and semiconductors, Situational Awareness LP's portfolio stocks suffered a major setback today.

Among the holdings disclosed in the institution’s Q4 2025 filing, only IREN (IREN) rose by 2.56%, while all other individual stocks experienced varying degrees of decline, 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 firm was founded by Leopold Aschenbrenner, a 25-year-old German-origin investor, who previously served at FTX Future Fund. In 2024, he joined OpenAI as a researcher but was terminated later that year after being accused of leaking confidential information and refusing to cooperate with an internal investigation.

After publishing a 165-page viral paper titled "Situational Awareness: The Decade Ahead" in June 2024, which outlined the future trajectory of AGI, he established the eponymous investment vehicle Situational Awareness LP, focusing on AI infrastructure with emphasis on power supply, data center compute capacity, semiconductor optics, and Bitcoin mining operations transitioning into HPC environments.

The fund's publicly disclosed holdings totaled approximately $225 million in Q4 2024, expanding to roughly $5.52 billion in Q4 2025, positioning it among Wall Street’s most prominent AI-themed funds.