ChainThink reports that on May 13, according to market data, Situational Awareness LP's holdings experienced a significant decline due to a sharp drop in the U.S. stock market's storage and semiconductor sectors.
Among the holdings listed in the Q4 2025 filings, only IREN (IREN) rose 2.56%, while all other stocks declined to varying degrees: Intel (INTC) fell 6.82%, Sandisk Corp (SNDK) fell 6.17%, CoreWeave (CRWV) fell 6.06%, Lumentum (LITE) fell 5.77%, Bitdeer (BTDR) fell 2.58%, Applied Digital (APLD) fell 1.48%, Coherent (COHR) fell 1.5%, Core Scientific (CORZ) fell 0.7%, Cipher Mining (CIFR) fell 1.08%, and Bloom Energy (BE) fell 1.14%.
The institution was founded by 25-year-old German-born investor Leopold Aschenbrenner, who previously worked at FTX Future Fund, joined OpenAI as a researcher in 2024, and was dismissed the same year after being accused of leaking confidential information and refusing to cooperate with the investigation;
In June 2024, after publishing the 165-page viral paper "Situational Awareness: The Decade Ahead" on the prospects of AGI, he founded the investment firm Situational Awareness LP, focusing on AI infrastructure, including power supply, data center computing capacity, semiconductor optics, and the transformation of bitcoin mining facilities into HPC centers.
The fund's publicly disclosed holdings amounted to approximately $2.25 billion in Q4 2024 and expanded to approximately $55.2 billion in Q4 2025, making it one of Wall Street's most popular AI-themed funds.