Leopold added 115% to his ProPetro position last quarter. $28.1M now. $PUMP has pumped high-pressure fluid into oil wells since before its 2017 IPO. What changed is PROPWR, their on-site power business for AI data centres. 60MW locked with a hyperscaler. 350MW contracted across the segment. Stock is 43% off its April high.

Leopold Aschenbrenner doubled down on a company founded in 2005 last quarter He added 115% more to the position he took in Q4 2025 ProPetro Holding $PUMP, they've been pumping high-pressure fluid into oil wells since before their 2017 IPO What changed is PROPWR, their push into on-site power generation for AI data centers Here's what you need to know: • Long-term, 60-megawatt power contract locked with a major AI hyperscaler • 350 megawatts in total contracted capacity across the segment • His stake is now worth $28.1M • Still a small percentage of their business model next to their core hydraulic fracturing business Also worth keeping a mind on: • Morgan Stanley started coverage Monday with an Equal-Weight and a $13 target • Stock sits 43% off its April high • Institutions still own 85% of the float While everyone is buying chip companies, Leopold bought the company selling the generators to keep them running

LEOPOLD MIGHT BE BACK. Situational Awareness is active in the options market again and Leopold has reportedly been buying hundreds of millions of dollars worth of options in $CRWV, $AMD, $BE, $SNDK, and others, according to CNBC. Pretty incredible. Just two months ago, the fund fell 67% because of being over leveraged by 4x. Two months later, oil is at $100 and bond yields are the highest since 2023 but many of those names that Leopold had to sell are still trading well below their June peak. So, even if the macro isn't the best (which effects these high beta growth stocks) the lack of movement in their prices with the very, very bullish updates we keep seeing for AI compute buildout might mean that Leo is calling a bottom or at the very least saying that these stocks will not be effected by macro because the AI trade is that strong. Obviously, those stocks did get hit with macro concerns back in July. If he's not borrowing money on margin to lever up than these options can still create leverage but they may not be as aggressive as actually borrowing against the asset themselves to fund the purchases. Anyone following him and buying options on most of the beaten up $SMH names?

Leopold Aschenbrenner’s Situation Awareness has reportedly been active in the options market while building significant stakes in $CRWV, $SNDK, $BE and $AMD. He’s leaning right back into the AI trade after blowing up the fund earlier this year.