We just covered the From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Galaxy Digital (NASDAQ:GLXY) ranks 38th on this list.
Latest filings show that Situational Awareness LP has sold off the stake it held in Galaxy Digital (NASDAQ:GLXY). The stock had first appeared in the 13F portfolio of the fund in the fourth quarter of 2025. Back then, this position comprised 2.7 million shares. The firm engages in the digital asset and data centre infrastructure businesses in North America and internationally. Even though the Q1 2026 headline showed a GAAP net loss of $216 million, bulls contend that the underlying core businesses are dramatically healthier than during previous cyclical downturns. The $216 million loss is a major improvement from the $482 million net loss in Q4 2025. Furthermore, Adjusted EBITDA drastically narrowed from a loss of $518 million in Q4 2025 to a loss of $188 million in Q1 2026.
Despite industry-wide trading volumes plunging sharply during the quarter, the Galaxy Digital (NASDAQ:GLXY) Global Markets adjusted gross profit actually rose 3% sequentially to $31 million, proving the firm was taking market share and maintaining stable execution volumes. Proving institutional stickiness, the Asset Management division pulled in $69 million in net organic inflows during the quarter, holding total assets under management stable at around $5 billion alongside $3.2 billion in assets under stake.
While we acknowledge the potential of GLXY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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