In this article, we will take a look at Leopold Aschenbrenner’s Portfolio: 10 Best Stocks to Buy.
Leopold Aschenbrenner is a former member of OpenAI’s superalignment team. In 2024, Leopold launched Situational Awareness LP, an investment firm focusing on artificial intelligence themes — compute, power generation, semiconductors, and the broader infrastructure behind large-scale AI model training. Aschenbrenner has publicly forecast that frontier AI systems are moving toward transformative capabilities by the latter half of this decade. And his portfolio reflects a thesis that electricity supply, instead of chips, will become a significant influential constraint on AI scaling. Accordingly, the portfolio leans heavily on independent power producers, fuel-cell suppliers, and data-center-related companies. According to its March 2026 quarter-end SEC filings, Situational Awareness LP’s 13F holdings totaled approximately $13.7 billion, including listed equity and derivative positions.
Aschenbrenner’s portfolio strategy gained fresh evidence this month, with Bloomberg reporting that the total wholesale power costs on PJM Interconnection — the largest US grid, serving 67 million customers across 13 states and Washington, D.C. — averaged $136.53 per megawatt-hour in Q1 2026 versus $77.78 in Q1 2025, a 75.5% year-over-year increase. In another report, Monitoring Analytics, PJM’s independent market monitor, quoted the following in its Q1 2026 State of the Market Report:
Data center load growth is the primary reason for recent and expected capacity market conditions, including total forecast load growth, the tight supply and demand balance, and high prices.
The subsequent price impacts on customers will be very large and irreversible, according to Monitoring Analytics. This further underscores Aschenbrenner’s thesis on AI scaling constraints and sparks interest in the billionaire’s portfolio.
Against this backdrop, let’s take a look at the 10 best stocks in Leopold Aschenbrenner’s Portfolio.
Our Methodology
To compile our list of 10 Best Stocks in Leopold Aschenbrenner’s portfolio, we reviewed the firm’s 13F filing for Q1 2026. We have avoided puts and calls in the portfolio and picked only the long equity positions. Further, we filtered the list using the percentage of portfolio value each stock represents and ranked them accordingly. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. All the pricing data are current as of market close on May 20, 2026.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. T1 Energy Inc. (NYSE:TE)
Market value of shares owned: $43.9 Million
% of portfolio: 0.32%
T1 Energy Inc. (NYSE:TE) is one of the 10 Best Stocks in Leopold Aschenbrenner’s Portfolio.
On May 19, 2026, Roth Capital reiterated its Buy rating and $10.00 price target on T1 Energy Inc. (NYSE:TE) while dismissing a recent critical short report by Fuzzy Panda Research as “misleading”. The firm’s analyst, Philip Shen, stated that T1 Energy remains fully compliant with Foreign Entity of Concern (FEOC) rules. He further noted that the company’s licensing agreement with Evervolt is legally sound and excludes prohibited foreign entities.
Previously, T1 Energy Inc. (NYSE:TE) reported its first quarter of 2026 results on May 12, 2026, highlighting a record quarterly net income from continuing operations of $3.9 million and record adjusted EBITDA of $9.1 million. The management also confirmed that construction of its flagship 2.1 GW G2_Austin solar cell facility remains on schedule for initial production in Q4. Regarding this construction, Fuzzy Panda Research claimed a 12-to-18-month delay, but Roth Capital’s recent report dismisses this assessment and stated that the construction is proceeding exactly on schedule.
Founded in 2018, T1 Energy Inc. (NYSE:TE) is an emerging provider of solar energy solutions. Headquartered in Texas, the company focuses on building an integrated domestic supply chain for utility-scale photovoltaic (PV) solar modules and battery storage.
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