The hedge fund, founded by a former OpenAI employee, expanded its portfolio from under $4 billion in one year, focusing on power sector investments.
Situational Awareness LP, a hedge fund led by a former OpenAI employee, disclosed $5.517 billion in U.S. equity holdings as of the fourth quarter of 2025. This marks significant growth from under $4 billion a year earlier, largely fueled by investments concentrated in the power sector. The expansion demonstrates the firm’s sharp increase in exposure to U.S. equities and underscores the rising interest of technology-linked funds in energy-related assets.