Sign in

You're signed outSign in or to get full access.

Situational Awareness LP

CIK:0002045724
Hedge Fund
$2B AUM
9 holdings
San Francisco, CA, United States
Founded:2024
4 employees
Latest filing:Jun 30, 2025

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.

Latest 13F Filing Activity

Situational Awareness LP filed their most recent 13F report on Jun 30, 2025 disclosing 7 equity positions and 2 options positions with a total 13F market value of $2B. The fund increased holdings in Broadcom Inc., Vistra Corp., Core Scientific Inc. New among other positions. Situational Awareness LP reduced exposure to Onto Innovation Inc., Modine MFG Co., Coreweave Inc. among others.

Top Buys
A
AVGOBROADCOM INC
+$211.3M
V
VSTVISTRA CORP
+$185.2M
C
CORZCORE SCIENTIFIC INC NEW
+$103.7M
I
IRENIREN LIMITED
+$72.8M
E
EQTEQT CORP
+$72.3M
Top Sells
V
VSTVISTRA CORP
+$185.2M
C
CORZCORE SCIENTIFIC INC NEW
+$103.7M
I
IRENIREN LIMITED
+$72.8M
E
EQTEQT CORP
+$72.3M
O
ONTOOnto Innovation Inc
-$71.2M

Top Holdings

A
AVGOBROADCOM INC
+15.5%$328.5M
V
VSTVISTRA CORP
+11.6%$246.9M
C
CORZCORE SCIENTIFIC INC NEW
+6.4%$136.5M
E
EQTEQT CORP
+5.9%$125.1M
C
CEGCONSTELLATION ENERGY CORP
+4.9%$103.0M

Equity Positions (7)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
BROADCOM INC15.47%$328.5M1,191,606$212.08$275.65+$211.3M
VISTRA CORP11.63%$246.9M1,274,178$169.16$193.81+$185.2M
CORE SCIENTIFIC INC NEW6.43%$136.5M7,994,038$11.51$17.07+$103.7M
EQT CORP5.89%$125.1M2,145,345$56.06$58.32+$72.3M
CONSTELLATION ENERGY CORP4.85%$103.0M319,200$259.83$322.76+$66.0M

Options Positions (2)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
VANECK ETF TRUSTNew
Put
$570.1M20,441$278.88$278.88+20,441+$570.1M
INTEL CORP
Call
$453.3M202,374$22.40$22.710-$6.3M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+29.3%
SERVICES-PREPACKAGED SOFTWARE
+25.9%
SERVICES-COMPUTER PROCESSING & DATA PREPARATION
+19.1%
FINANCE SERVICES
+9.6%
ELECTRIC SERVICES
+6.1%