Situational Awareness LP Q4 Holdings Rise Today, Founder Leopold Aschenbrenner Becomes New Star in AI Thematic Investment
Situational Awareness LP's holdings based on the Q4 2025 13F report mostly rose today, with CoreWeave (CRWV) up 6.64%, Sandisk (SNDK) up 8.25%, Intel (INTC) up 5.44%, while Applied Digital (APLD) and Cipher Mining (CIFR) saw slight declines.
SALP founder Leopold Aschenbrenner (born 2001/2002, 25 years old) previously worked at FTX Future Fund and as a researcher at OpenAI (fired in 2024 due to leak allegations). In June 2024, he published a 165-page paper titled "Situational Awareness: The Decade Ahead" and subsequently founded the eponymous fund, focusing on AI infrastructure (power, data centers, semiconductor optics, and transitioning Bitcoin mining to HPC).
The fund has been established for over a year, with holdings of approximately $225 million in Q4 2024, expanding to $5.52 billion by Q4 2025.
Market Mechanism: SALP's heavy investment in AI infrastructure stocks rose today alongside the sector's rebound, with continuous capital inflow into high-performance computing and data center concepts, further attracting allocations through the narrative of a young genius fund manager.
Source: Public Information
ABAB AI Insight
Leopold Aschenbrenner quickly founded SALP after leaving OpenAI, with his 165-page paper detailing predictions on AGI timelines and strategic significance. The fund is highly focused on AI supply chain bottlenecks, with holdings rapidly expanding from $225 million to $5.52 billion, demonstrating strong fundraising and investment capabilities.
In terms of capital pathways, SALP has strategically positioned itself in core assets like CoreWeave, Intel, and Bloom Energy, capitalizing on the expansion of computing power and electricity, rapidly growing its management scale to become a representative of Wall Street's AI thematic funds.
Similar to early thematic funds by Peter Thiel or Chamath Palihapitiya, SALP is currently in an expansion phase transitioning from speculative AI investments to deepening its focus on infrastructure.
Structural Judgment: Essentially a concentration of capital, Leopold Aschenbrenner attracts LP funding with his AGI strategic paper, quickly building a heavily weighted portfolio in AI infrastructure, with a mechanism that precisely positions itself in bottleneck areas like power, computing power, and semiconductor optics, capturing high-return opportunities during the explosive phase of AI capital expenditure.