Situational Awareness LP
Situational Awareness LP is a hedge fund based in San Francisco, California, United States. Founded in 2024, it is a Delaware limited partnership managed by Leopold Aschenbrenner. The firm is a registered investment adviser and manages discretionary assets for pooled investment vehicles. It serves institutional clients, focusing on sophisticated equity and strategy portfolios. The team is small, with approximately 4 employees.
Investment Strategy
Situational Awareness LP pursues an opportunistic and analytical approach focused on public equities and strategic investments tied to emerging technology sectors, particularly semiconductor companies and energy infrastructure. The fund seeks to leverage advanced quantitative analysis and market intelligence to identify undervalued assets and high-growth opportunities, often concentrating in AI, semiconductors, and associated infrastructure. It manages a concentrated portfolio, balancing risk via sector and position limits and rigorous oversight.
Top Holdings
Equity Positions (7)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AVGO | BROADCOM INC | 15.47% | $328.5M | 1,191,606 | $212.08 | $275.65 | +$211.3M |
V VST | VISTRA CORP | 11.63% | $246.9M | 1,274,178 | $169.16 | $193.81 | +$185.2M |
C CORZ | CORE SCIENTIFIC INC NEW | 6.43% | $136.5M | 7,994,038 | $11.51 | $17.07 | +$103.7M |
E EQT | EQT CORP | 5.89% | $125.1M | 2,145,345 | $56.06 | $58.32 | +$72.3M |
C CEG | CONSTELLATION ENERGY CORP | 4.85% | $103.0M | 319,200 | $259.83 | $322.76 | +$66.0M |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SMH | VANECK ETF TRUST | New | Put | $570.1M | 20,441 | $278.88 | $278.88 | +20,441 | +$570.1M |
I INTC | INTEL CORP | — | Call | $453.3M | 202,374 | $22.40 | $22.71 | 0 | -$6.3M |