Situational Awareness LP

Q4 2025 · filed 2026-02-11 · SEC 13F-HR ↗
$5.5B reported 29 positions Leopold Aschenbrenner vs. Q3 2025
What changed this quarter

Doubled down on AI-power infrastructure: $911M new equity stake in Bloom Energy (after exiting Q3 convertible notes), plus a $479M Lumentum opener and $154M Cipher Mining equity. Sold the obvious AI names — closed NVIDIA (-$299M), Vistra (-$252M), the Gold Miners ETF (-$196M), and the CoreWeave puts — driving a +13pp swing into the AI-power theme.

+15 new−14 closed↑13 increased↓0 decreased| 1 unchangednet +$1.4B
Sector shifts
Industrials
+16 pp
Information Technology
−6 pp
Utilities
−6 pp
Materials
−5 pp
Energy
+2 pp
Financials
−2 pp
Real Estate
+1 pp
center line = no change
Theme shifts
AI infrastructure - power
+13 pp
AI infrastructure - datacenter
−7 pp
AI compute
−6 pp
Bitcoin mining
−2 pp
center line = no change
NEW POSITIONS (15)+$1.8B deployed
BEBLOOM ENERGY CORP- AIndustrials / Electrical Equipment & Partsai-infra-power$876MNEW
LITELUMENTUM HOLDINGS INCInformation Technology / Communication Equipmentai-compute$479MNEW
CIFRCIPHER MINING INCInformation Technology / Information Technology Servicesbitcoin-mining, ai-infra-power$155MNEW
KRCKILROY REALTY CORPReal Estate / REIT - Office$50MNEW
EQTEQT CORPEnergy / Oil & Gas E&Pai-infra-power$38MNEW
BEBLOOM ENERGY CORP- AIndustrials / Electrical Equipment & Partsai-infra-power$35MNEW
WYFIWHITEFIBER INCInformation Technology / IT Servicesai-infra-datacenter$28MNEW
PSIXPOWER SOLUTIONS INTERNATIONAIndustrials / Specialty Industrial Machineryai-infra-power$25MNEW
CLSKCLEANSPARK INCFinancials / Capital Marketsbitcoin-mining$17MNEW
BITFBITFARMS LTDInformation Technology / IT Servicesbitcoin-mining$16MNEW
LBRTLIBERTY ENERGY INCEnergy / Oil & Gas Equipment & Servicesai-infra-power$10MNEW
INFYINFOSYS LTD-SP ADRInformation Technology / Information Technology Services$9MNEW
PUMPPROPETRO HOLDING CORPEnergy / Oil & Gas Equipment & Servicesai-infra-power$9MNEW
BWBABCOCK & WILCOX ENTERPRIndustrials / Specialty Industrial Machineryai-infra-power$9MNEW
INTCINTEL CORPInformation Technology / Semiconductorsai-compute$37NEW
↑ INCREASED (13)+$1B added
CRWVCOREWEAVE INC-CL AInformation Technology / Software - Infrastructureai-infra-datacenter, ai-compute+367.2%+$458M
SNDKSANDISK CORPInformation Technology / Computer Hardwareai-compute+816.7%+$237M
APLDAPPLIED DIGITAL CORPInformation Technology / Information Technology Servicesai-infra-datacenter, bitcoin-mining+87.0%+$139M
CRWVCOREWEAVE INC-CL AInformation Technology / Software - Infrastructureai-infra-datacenter, ai-compute+48.2%+$-126M
COHRCOHERENT CORPInformation Technology / Scientific & Technical Instrumentsai-compute+211.1%+$72M
EQTEQT CORPEnergy / Oil & Gas E&Pai-infra-power+103.9%+$67M
CORZCORE SCIENTIFIC INCInformation Technology / Software - Infrastructurebitcoin-mining, ai-infra-datacenter+42.5%+$57M
TSEMTOWER SEMICONDUCTOR LTDInformation Technology / Semiconductorsai-compute+53.6%+$51M
SEISOLARIS ENERGY INFRASTRUCTUREnergy / Oil & Gas Equipment & Servicesai-infra-power+62.3%+$40M
HUTHUT 8 CORPFinancials / Capital Marketsbitcoin-mining, ai-infra-power+43.6%+$19M
IRENIREN LIMITEDInformation Technology / IT Servicesbitcoin-mining, ai-infra-datacenter+20.5%+$-10M
RIOTRIOT PLATFORMS INCFinancials / Capital Marketsbitcoin-mining+71.7%+$10M
BTDRBITDEER TECHNOLOGIES GROUPInformation Technology / IT Servicesbitcoin-mining, ai-infra-power+92.3%+$4M
CLOSED (14)$1.5B exited
NVDANVIDIA CORPInformation Technology / Semiconductorsai-computewas $299MCLOSED
VSTVISTRA CORPUtilities / Utilities - Independent Power Producersai-infra-powerwas $252MCLOSED
GDXVANECK GOLD MINERS ETFMaterials / Gold Miners ETFwas $196MCLOSED
CRWVCOREWEAVE INC-CL AInformation Technology / Software - Infrastructureai-infra-datacenter, ai-computewas $192MCLOSED
GLXYGALAXY DIGITAL INC-AFinancials / Capital Marketsbitcoin-mining, ai-infra-datacenterwas $93MCLOSED
AVGOBROADCOM INCInformation Technology / Semiconductorsai-computewas $76MCLOSED
TSMTAIWAN SEMICONDUCTOR-SP ADRInformation Technology / Semiconductorsai-computewas $75MCLOSED
CIFRCIPHER MINING INC - CONV NOTESInformation Technology / IT Servicesbitcoin-mining, ai-infra-powerwas $72MCLOSED
LITELUMENTUM HOLDINGS INC - CONV NOTESInformation Technology / Communication Equipmentai-computewas $68MCLOSED
MUMICRON TECHNOLOGY INCInformation Technology / Semiconductorsai-computewas $50MCLOSED
BEBLOOM ENERGY CORP - CONV NOTESIndustrials / Electrical Equipment & Partsai-infra-powerwas $44MCLOSED
WDCWESTERN DIGITAL CORP - CONV NOTESInformation Technology / Computer Hardwareai-computewas $18MCLOSED
BEBLOOM ENERGY CORP - CONV NOTESIndustrials / Electrical Equipment & Partsai-infra-powerwas $12MCLOSED
STXSEAGATE TECHNOLOGY HOLDINGS PLCInformation Technology / Computer Hardwareai-computewas $11MCLOSED
0 positions held steady · $0 (0.0% of AUM) click to expand
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