SITUATIONAL AWARENESS LP
Q4 2025 Form 13-F
SAN FRANCISCO, DELAWARE
CIK 0002045724
· CRD 333011
· SEC-registered investment adviser
$5.5B Reported Value Total
SITUATIONAL AWARENESS LP reports 2 total accounts under management (AUM). There are 2 discretionary accounts valued at $383,018,150, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
1 fund
· $9.3B gross asset value
Hedge Fund: $9.3B
Source: Form ADV filed 2026-06-11
Reported value
$5.5B
Quarter over quarter
-21.5%
Holdings
24
Top-10 concentration
86.0%
Key People
Form ADV owners & control persons
Leopold Nmn Aschenbrenner
MANAGER
Carl Matthew Shulman
DIRECTOR OF RESEARCH; LIMITED PARTNER
Nicholas Stewart Gross-Whitaker
CHIEF OPERATING OFFICER; LIMITED PARTNER
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13F Metrics
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | February 11, 2026 |
| Form | 13F-HR |
| Reported value | $5.5B |
| Positions | 24 |
| Change in reported value | +33.3% |
| New positions | 12 |
| Exited positions | 7 |
| Position turnover | 61.3% |
| Top-10 concentration | 86.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
23 | $20.2B |
|
Q1 2026 13F
Filed May 18, 2026
|
26 | $13.7B |
|
Q4 2025 13F
Filed Feb 11, 2026
|
24 | $5.5B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
19 | $4.1B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
7 | $2.1B |
|
Q1 2025 13F
Filed May 14, 2025
|
11 | $1.0B |
|
Q4 2024 13F
Filed Feb 12, 2025
|
6 | $254.8M |
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | BE BLOOM ENERGY CORP | $875.5M | 15.87% |
| 2 | CRWV C COREWEAVE INC | $774.4M | 14.04% |
| 3 | INTC C INTEL CORP | $746.8M | 13.54% |
| 4 | LITE LUMENTUM HLDGS INC | $478.6M | 8.67% |
| 5 | CRWV COREWEAVE INC | $436.7M | 7.92% |
| 6 | CORZ CORE SCIENTIFIC INC NEW | $418.7M | 7.59% |
| 7 | IREN IREN LIMITED | $328.6M | 5.96% |
| 8 | APLD APPLIED DIGITAL CORP | $278.0M | 5.04% |
| 9 | SNDK SANDISK CORP | $250.2M | 4.54% |
| 10 | CIFR CIPHER MINING INC | $154.5M | 2.8% |
| 11 | EQT EQT CORP | $133.0M | 2.41% |
| 12 | COHR COHERENT CORP | $88.6M | 1.61% |
| 13 | SEI SOLARIS ENERGY INFRAS INC | $85.8M | 1.56% |
| 14 | TSEM TOWER SEMICONDUCTOR LTD | $84.9M | 1.54% |
| 15 | RIOT RIOT PLATFORMS INC | $78.1M | 1.42% |
| 16 | KRC KILROY RLTY CORP | $49.6M | 0.9% |
| 17 | HUT HUT 8 CORP | $39.5M | 0.72% |
| 18 | EQT C EQT CORP | $37.5M | 0.68% |
| 19 | BE C BLOOM ENERGY CORP | $35.5M | 0.64% |
| 20 | WYFI WHITEFIBER INC | $27.8M | 0.5% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.