Situational Awareness LP · Q4 2025 13F filed Feb 11, 2026
The$5.5BBet
onAGIInfrastructure
Leopold Aschenbrenner — 24-year-old former OpenAI superalignment researcher — went from fired to running $5.5B in gross equity exposure in 18 months. His thesis: the bottleneck to superintelligence is not algorithms. It is electrons.
H1 2025 return
0%
vs +6% S&P 500
Gross exposure
$0.00B
~3.5× on $1.5B AUM
Holdings
0
Q4 2025 13F
Thematic buckets
0
Across the stack
AGI target
0
Superintelligence 2030
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