Investor

Situational Awareness

Early-stage venture fund focused on AI safety and infrastructure, founded by Leopold Aschenbrenner

Venture CapitalPrivate Equity

Portfolio Companies (2)

Source Foundry 10 Aug 2026400M

MaddX 25 Feb 2026500M

People

Leopold Aschenbrennerchief investment officer

News

Interviews (2)

Numerai founder Richard Craib: Situational Awareness's mistake was volatility, not leverage

Martin Shkreli breaks down the Situational Awareness collapse: leverage math, margin calls, and Ken Griffin's shadow banking role

News (4)

Situational Awareness bets $400M on stealth chip startup Source Foundry after unwinding public book

Situational Awareness hedge fund forced to unwind after AI infrastructure bets collapse — Citadel steps in

Leopold Aschenbrenner's Situational Awareness hedge fund hits $20B AUM, up 270% after fees — Jane Street invests

Leopold Aschenbrenner's Situational Awareness hedge fund 13F reveals massive semiconductor puts and long Nvidia position

Mentioned (3)

Leopold Aschenbrenner's LP letter: down 67% in July, still up 80% YTD, fund survives

CoreWeave down 46% in a month and Blue Owl under pressure — is the AI financing bubble starting to crack?

Leopold Aschenbrenner's Situational Awareness fund is up 47% in H1, managing $1.5B — with Stripe founders, Daniel Gross, and Nat Friedman as LPs