The Fund
Situational Awareness LP
From zero to $5.52B in gross equity exposure in 18 months. Approximately 3.5× leverage on ~$1.5B AUM.
Fund registration
Situational Awareness LP
ACTIVE
CIK0002045724
EIN992901544
IncorporationDelaware
Address512 2nd Street, Suite 400, San Francisco, CA 94107
Fiscal YEDecember 31
Team
Leopold Aschenbrenner
Founder & Portfolio Manager · age 24
Carl Shulman
Director of Research · ex-Clarium Capital
Graham Duncan
Advisor · personal investor
4 employees · No physical office
Anchor investors
- Patrick Collison (Stripe CEO)
- John Collison (Stripe President)
- Nat Friedman (former GitHub CEO, Meta AI product lead)
- Daniel Gross (AI investor, Meta Compute co-lead)
13F equity exposure
$254M → $5.52B in five quarters
Holdings
29
H1 2025
+47%
vs +6% S&P
Q4 2025 est.
-21%
chip-exit drawdown
Leverage
3.5×
$1.5B AUM → $5.5B exposure