Hedge Fund’s $44M T1 Energy Stake Spurs 128% May Rally
BE•Situational Awareness LP disclosed a $44 million stake in T1 Energy, raising its total ownership to 3.6% with 10 million shares purchased on May 18. T1 Energy stock surged 128% in May before dipping about 2% premarket after retail investors piled in following the hedge fund’s AI bets.
1. Stake Disclosure and Size
On May 18, Situational Awareness LP purchased 10 million shares of T1 Energy for a $44 million investment, raising its total position to 3.6% of outstanding shares. This disclosure marks one of the largest recent institutional buys in the company.
2. May Performance and Premarket Slip
T1 Energy stock soared 128% during May, its best monthly performance on record, as retail traders reacted to the hedge fund’s investment. In early trading on May 28, shares retreated roughly 2% premarket amid profit-taking after the month’s sharp gains.
3. Broader AI Infrastructure Bets
The hedge fund’s bullish move follows its bets on AI infrastructure firms including Nebius Group, Bloom Energy, SanDisk, CoreWeave and IREN, reflecting a strategy to capitalize on AI-driven demand across industries.
