Aschenbrenner's Situational Awareness LP files first 13F, reveals initial equity positions
Leopold Aschenbrenner, the former OpenAI researcher, disclosed his fund's initial equity positions this week, offering the first public glimpse into how the AI-focused vehicle is deploying capital.
Leopold Aschenbrenner, the former OpenAI researcher who departed in 2024, filed the first quarterly 13F for Situational Awareness LP on May 19, revealing the fund's equity holdings as of March 31, 2026. The SEC disclosure marks the first public window into how Aschenbrenner is deploying capital after launching the fund in late 2025.
Aschenbrenner built a following in AI circles for his writing on scaling laws and AGI timelines before leaving OpenAI. He named the fund after his widely-circulated essay on superintelligence trajectories and compute-driven development. The 13F filing lists positions across public tech companies but does not itemize individual position sizes or provide an investment thesis—only the regulatory minimum required by the SEC.
Aschenbrenner has been vocal about the capital intensity of frontier model training and the geopolitical stakes of compute access. His public writing emphasizes energy infrastructure and chip supply chains as critical to AI development, themes likely reflected in the fund's positioning. The holdings arrive as other AI-focused funds and crossover investors pile into both public cloud infrastructure plays and private AI labs, suggesting Aschenbrenner is competing for exposure in a crowded space.
The next quarterly 13F filing, due in August, will clarify whether Aschenbrenner is building positions or rotating into new names as the AI hardware cycle matures. Until then, the market must infer intent from the holdings alone—Aschenbrenner has not yet published a letter to investors or detailed the fund's strategy beyond the regulatory filing.