THE ANSWER TO THE 24-YEAR-OLD "AI EQUITY GOD" IS AVAILABLE ONLINE

Original Odaily Daily@OdailyChinaI'm not sure

By Azuma@azuma ethI'm not sure

Remember Leopold Aschenbrenner? We're hereSBF'S LITTLE BROTHER, TURNED 225 MILLION INTO 5.5 BILLION A YEARThe one in the book24-YEAR-OLD "AI NEW STOCK GOD"I don't know。

Leopold Aschenbrenner was employed in the Future Fund under the FTX flag at 2022 and has been working with the team to the FTX storm. In 2024, Leopold Aschenbrenner wrote a 165-page super-paper entitled Situational Awareness: The Future Decade, and in the same year created the same-name fund, the General Vision LP, as his own chief investment officer。

However, there is a need to focus on investment opportunities in the AI industrial chainTHE FUND'S OPEN HOLDOUT IN Q4 IN 2024 HAD “ONLY” US$ 225 MILLION, WHILE IN Q4 HOLDOUT DISCLOSURE IN 2025, PUBLISHED IN FEBRUARY THIS YEAR, THAT FIGURE HAD INCREASED RAPIDLY TO US$ 5.5 BILLION。This high-profile return on investment has also raised the profile of Leopold Aschenbrenner and the General Awareness LP, one of the most visible investments across the network。

Today, the public Awareness LP has reached a critical window for the new issue of disclosure of hold position (13F). Since last week, the entire network has been focused and is expected to provide answers to the current version of AI。

THE SO-CALLED 13F IS A QUARTERLY DISCLOSURE DOCUMENT MANDATORY BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (SEC) FOR FUNDS OVER $100 MILLION. THE DEMANDS OF THE SEC ARE:FUNDS MEETING THE DISCLOSURE REQUIREMENTS ARE REQUIRED TO SUBMIT THIS DOCUMENT WITHIN 45 DAYS OF THE END OF EACH NATURAL QUARTER, AND THE FUND IS REQUIRED TO HIGHLIGHT IN THE DOCUMENT THE UNITED STATES LISTED SHARES IT HELD AT THE END OF THE PREVIOUS QUARTER, THE INCREASE/LOSS OPTIONS, THE CONVERTIBLE BONDS AND THE SPECIFIC ETF POSITION。

It is now 18 May, three days after the disclosure deadline of the first quarter of 2026, and over the past few days, many sovereign wealth funds, university endowment funds, and traditional financial institutions have disclosed Q1's 13F hold-up reports, but the market has not yet waited for the public disclosure of the Q1。

A combination of market analyses by road may have three scenarios that affect progress in the disclosure of the 13F file of the General Vision LP。

The first scenario is that the document was submitted to the SEC on May 15 at 17:30, which, as it happened on Friday, the SEC could not be processed, so the document would have to be posted on the official website next Monday and then made available to the public。

This is also the prevailing view of the current market, and in this case it is expected that later today (by tomorrow) we will be able to see the 13F document of the General Vision LP。

In the second case, the Civil Society LP applied to the SEC for confidential disclosure。THIS IS A LEGAL MECHANISM PROVIDED BY THE SEC TO ALLOW LARGE FUNDS TO DELAY THE DISCLOSURE OF INFORMATION ON THEIR HOLDOUTS, WHICH ARE STILL IN THE PIPELINE, FOR UP TO A YEAR。

As a rule, the Fund's application for confidential disclosure usually has only one reason -- they're building a space of a sufficiently large size that, once the market has been informed in advance, pushes prices in a direction that is unfavourable to them before they complete their construction. If that were the case this time, it would mean that Leopold Aschenbrenner is quietly accumulating an important asset and temporarily does not want the market to know. This certainly deserves the attention of the market。

The third scenario is almost impossible, namely, a substantial reduction in the last quarterTHE SIZE OF THE WAREHOUSE HAS ALSO BEEN REDUCED TO BELOW THE DISCLOSURE REQUIREMENT LINE UNDER 13F (US$ 100 MILLION), BUT THIS IS EXTREMELY UNLIKELY GIVEN THAT THE FUND HELD $5.5 BILLION IN THE PREVIOUS QUARTER。

In short, we just have to wait one or two more days patiently to know the real reason for the delay in this disclosure。

If it were the first case, we would have brought a change of position in the first time after the 13F; if it was the second reason, the whole network would be really nervous -- what is Leopold Aschenbrenner hoarding? It'll be the performance of all the great gods。