Insane: Leopold Aschenbrenner’s AI hedge fund, Situational Awareness has reportedly surpassed $20B in assets 😳

The fund is up roughly 270% after fees this year through May and more than 1,000% since inception 📈

To put this into perspective, the fund's ~270% YTD (after fees) through May represents ~25x outperformance vs. the S&P 500 and ~17x vs. the Nasdaq in the same period.

Q1 2026 13F showed $13.7B AUM with heavy notional put exposure (~$8.5B) on AI chip stocks like NVDA, SMH, AMD, and TSMC alongside longs in AI infrastructure plays including Bloom Energy, crypto miners (IREN, CLSK), and CoreWeave.

Interestingly, Anthropic equity now comprises ~20% of assets 🤯

Full deep dive, the lessons for investors, builders & operators, & more, in our breakdown below👇