AI hedge fund Situational Awareness may have sold its public portfolio, but it still has its Anthropic shares
TechCrunch AI Marina Temkin ● Covered by 2 sources
Situational Awareness, a hedge fund founded by 25-year-old Leopold Aschenbrenner, sold most of its public stock portfolio to Citadel after suffering steep losses on AI infrastructure bets. The fund's assets fell to approximately $10 billion from around $20 billion in recent months, as positions in memory chip producers and energy companies dropped more than 30% in a month. The fund retained its private holdings, including a $5 billion stake in Anthropic, which may help recover losses if the company's expected October IPO values it higher.
Why it matters
The former OpenAI researcher’s fund was forced to unwind public equities after leveraged public bets plummeted. But he still has cards to play.
