EQT Leopold Aschenbrenner sell

What happened: Leopold Aschenbrenner, through his hedge fund Situational Awareness LP, has sold off significant stakes in Liberty Energy Inc. (NYSE:LBRT), Galaxy Digital (NASDAQ:GLXY), and EQT Corporation (NYSE:EQT) in the first quarter of 2026. These moves follow Aschenbrenner's rise from a fired researcher to managing a $13.7 billion hedge fund.

Market impact: The sell-offs have negatively impacted the stocks of these companies. Liberty Energy and Galaxy Digital have seen their share prices decline by 5% and 3% respectively, following the news. EQT Corporation, however, has shown a more modest 1% decrease. The sell-offs suggest a potential shift in Aschenbrenner's investment thesis, influencing investor sentiment in these energy and tech sectors.

What to watch next: Upcoming catalysts include Liberty Energy's Q1 2026 earnings report on April 25, 2026, and Galaxy Digital's Q1 2026 earnings on May 10, 2026. Additionally, investors should monitor any further changes in Aschenbrenner's portfolio, as his actions have historically driven significant market movements.