• Home
  • Technology
  • Gaming
  • Entertainment
  • World & Business
  • Science
  • Sports
  • AI
HomeTechnologyGamingEntertainmentWorld & BusinessScienceSportsAI
    • HomeTechnologyGamingEntertainmentWorld & BusinessScienceSportsAI
    • Home
    • Technology
    • Gaming
    • Entertainment
    • World & Business
    • Science
    • Sports
    • AI
    AI

    Situational Awareness Sells Portfolio to Citadel After Losses

    AI-focused hedge fund founded by ex-OpenAI employee Leopold Aschenbrenner faces heavy losses in AI stocks.

    JT
    AG
    GM
    66 Sources, 63d ago, first seen 63d ago

    TLDR

    Situational Awareness sold the bulk of its stock portfolio to Ken Griffin’s Citadel after deep losses from the recent AI stock rout, according to people familiar with the matter cited by the Wall Street Journal. The Financial Times reported that the hedge fund has held talks with existing investors and lenders to raise fresh capital. Multiple sources describe the firm as heavily levered, amplifying the effect of the downturn on its positions.

    Combined views

    3.4M

    66 Sources, first seen 63d ago

    Combined views

    3.4M

    66 Sources, first seen 63d ago

    12.1K likes
    12.1K likes
    581 comments
    2K saves
    869 reposts

    Sentiment

    Positive——Negative

    Summary

    Not enough discussion yet.

    No sentiment analysis available yet.

    581 comments
    2K saves
    869 reposts
    Today's Rank

    —

    Not ranked yet

    Today's Rank

    —

    Not ranked yet

    Sentiment

    Positive——Negative

    Summary

    Not enough discussion yet.

    No sentiment analysis available yet.

    66 Sources

    @firstadopterWelp. The news has finally hit the tape. FT: "Situational Awareness, the $20bn hedge fund founded by former OpenAI employee Leopold Aschenbrenner, has sought to raise fresh capital from investors after suffering heavy losses during the recent rout in AI stocks." "Several people familiar with the matter said that Situational Awareness had used borrowing to magnify its returns, a popular hedge fund strategy that can also amplify losses in a downturn." "The firm was up 439 per cent on a net basis for the year as of the end of June" "Aschenbrenner pointed in the letter to the prospect of major AI developments in the second half of the year" Probably RSI https://www.ft.com/content/280336bf-dbed-405f-b38e-5af644a21549?syn-25a6b1a6=1
    @teortaxesTexKorean bros are scoring some good hits
    @beffjezosA huge hit for EA-adjacent rationalist former big lab alignment researcher kind. These people always think they can outsmart distributed self-adaptive complex systems. A lesson in here.
    @rohanpaul_aiFT: Leopold Aschenbrenner’s (Ex OpenAI researcher) $20B hedge fund, Situational Awareness, is seeking fresh capital after leveraged AI losses. The move follows a steep reversal from June 30, when the fund told investors it was up 439% net for 2026. Its strategy is to invest globally in technology, energy, and other companies affected by AI’s growth. Fresh capital could meet collateral demands, prevent forced selling, or give the fund cash to buy assets after the decline. --- ft .com/content/280336bf-dbed-405f-b38e-5af644a21549
    @EricNewcomerdoesn't seem good
    @MartinShkreli*"SITUATION" NOT AS BAD AS FEARED--SOURCES *SALP -35% MTD, STILL UP SUBSTANTIALLY YTD *ANTHROPIC IS NOW 50% OF $20B REMAINING AUM *FIRM WAS 4X LEVERED AT TIMES *GSCO MET WITH SA TO DISCUSS ORDERLY LIQUIDATION LAST WEEK *SITUATION STILL FLUID (STACK) Godel Terminal
    @zephyr_z9"FIRM WAS 4X LEVERED AT TIMES" LMAO, Leopold was going full Korean
    @alexrkonrad@EricNewcomer directionally very bad
    @JasonLive by the chip, die by the chip
    @davidlee@firstadopter Ladies, liquor, leverage per Mr Munger

    66 Sources

    @firstadopterWelp. The news has finally hit the tape. FT: "Situational Awareness, the $20bn hedge fund founded by former OpenAI employee Leopold Aschenbrenner, has sought to raise fresh capital from investors after suffering heavy losses during the recent rout in AI stocks." "Several people familiar with the matter said that Situational Awareness had used borrowing to magnify its returns, a popular hedge fund strategy that can also amplify losses in a downturn." "The firm was up 439 per cent on a net basis for the year as of the end of June" "Aschenbrenner pointed in the letter to the prospect of major AI developments in the second half of the year" Probably RSI https://www.ft.com/content/280336bf-dbed-405f-b38e-5af644a21549?syn-25a6b1a6=1
    @teortaxesTexKorean bros are scoring some good hits
    @beffjezosA huge hit for EA-adjacent rationalist former big lab alignment researcher kind. These people always think they can outsmart distributed self-adaptive complex systems. A lesson in here.
    @rohanpaul_aiFT: Leopold Aschenbrenner’s (Ex OpenAI researcher) $20B hedge fund, Situational Awareness, is seeking fresh capital after leveraged AI losses. The move follows a steep reversal from June 30, when the fund told investors it was up 439% net for 2026. Its strategy is to invest globally in technology, energy, and other companies affected by AI’s growth. Fresh capital could meet collateral demands, prevent forced selling, or give the fund cash to buy assets after the decline. --- ft .com/content/280336bf-dbed-405f-b38e-5af644a21549
    @EricNewcomerdoesn't seem good
    @MartinShkreli*"SITUATION" NOT AS BAD AS FEARED--SOURCES *SALP -35% MTD, STILL UP SUBSTANTIALLY YTD *ANTHROPIC IS NOW 50% OF $20B REMAINING AUM *FIRM WAS 4X LEVERED AT TIMES *GSCO MET WITH SA TO DISCUSS ORDERLY LIQUIDATION LAST WEEK *SITUATION STILL FLUID (STACK) Godel Terminal
    @zephyr_z9"FIRM WAS 4X LEVERED AT TIMES" LMAO, Leopold was going full Korean
    @alexrkonrad@EricNewcomer directionally very bad
    @JasonLive by the chip, die by the chip
    @davidlee@firstadopter Ladies, liquor, leverage per Mr Munger