Financial Services
Situational Awareness
An AI-themed investment fund founded by Leopold Aschenbrenner, a former OpenAI researcher known for his 'Situational Awareness' essay series on the trajectory of AI capabilities. The fund returned 270% in 2026 and crossed $20 billion in assets under management, backed in part by Jane Street, and co-led a $500 million Series B round for MatX, an AI chip startup aiming to outperform NVIDIA GPUs at LLM training.
Sources
Every claim traced to a primary source — evidence, recent activity, and insider filing behavior, all in one place.
Evidence
2 sources · 54% avg. source confidence
- Wall Street Journal (via Yahoo Finance / Blockspace) — Situational Awareness fund returns 270% in 2026, crosses $20B AUM56% source confidence
- USFunds / StockCircle — Situational Awareness's first 13F reveals contrarian $8.47B chipmaker put position52% source confidence
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The Story So Far (last 6 months)
Auto-generated from this entity's dated milestones, relationship updates, and sourced evidence — not AI-written, just sorted.
Situational Awareness's Timeline
A sourced, dated history of Situational Awareness's key moments — founding to present.
Jan 2024 · Founded by Leopold Aschenbrenner
The Situational Awareness fund was founded by former OpenAI researcher Leopold Aschenbrenner to invest in AI infrastructure and capability themes.
Jan 2026 · Returns 270%, crosses $20B AUM
The Situational Awareness fund returned 270% in 2026 and crossed $20 billion in assets under management, backed in part by Jane Street.
May 2026 · First 13F reveals $8.47B notional put exposure against chipmakers
Situational Awareness LP's first SEC 13F filing, covering positions as of March 31, 2026, revealed a contrarian portfolio: rather than owning semiconductor suppliers outright, the fund held roughly $8.47 billion in notional put exposure against chipmaker stocks (including $2 billion against the VanEck Semiconductor ETF and $1.6 billion against NVIDIA), while going long crypto miners as compute-infrastructure proxies, Bloom Energy as a power play, and CoreWeave as a direct AI compute beneficiary.