The story so far
Situational Awareness Fund Collapse
Tracked across 3 sources · Updated 12h ago
Leopold Aschenbrenner's hedge fund, Situational Awareness, unwound after leveraged AI bets caused a 67% portfolio drop in July 2026, selling most assets to Citadel. The fund had grown to $45 billion before the collapse.
How it unfolded
1d ago
Fund portfolio sinks 67% in July on AI stock rout
2d ago
Situational Awareness unwinds after leveraged bets fail
What happened earlier
Latest updates
Latest
Full story →Situational Awareness' portfolio sinks 67% in July on AI stock rout, letter shows
Leopold Aschenbrenner's hedge fund Situational Awareness lost 67% of its value in July due to AI stock losses.
The information comes from an investor letter dated Thursday and reviewed by Reuters.
The drop reflects a broader rout in AI-related equities during the month.
Earlier · 1d ago
Full story →Leopold Aschenbrenner's Situational Awareness unwinds hedge fund with up to $24B after leveraged AI bets fail
Leopold Aschenbrenner's hedge fund Situational Awareness unwound its portfolio after leveraged AI and software bets caused steep losses.
The fund managed $20 billion to $24 billion in assets before the unwind, selling its entire portfolio to another hedge fund.
Bank of America, Goldman Sachs, and JPMorgan Chase helped the fund manage positions and meet margin requirements to avoid a rushed sell-off.
The fund had reported a 439% net return through June 30, but leverage amplified losses when AI stocks like SK Hynix fell and short bets against Adobe moved against it.
Publicly disclosed holdings, including Nebius, dropped over 35% in July.
Earlier · 17h ago
Full story →Leopold Aschenbrenner: Rise and fall of 24-year-old who predicted AI boom and built $45-billion fund
