AI Hedge Fund Unloads Public Portfolio After Steep Losses
Situational Awareness, a $20-billion AI-focused hedge fund led by former OpenAI researcher Leopold Aschenbrenner, has reportedly sold a significant portion of its public stock portfolio to Ken Griffin's Citadel after suffering steep losses during the recent AI stock selloff.
The fund had amassed over $20 billion in assets by making concentrated, leveraged bets on AI and semiconductor companies. Its portfolio was heavily exposed to AI infrastructure and chip names, including Nvidia, Oracle, AMD, Broadcom, and CoreWeave.
Aschenbrenner's firm has been seeking buyers for its holdings and raising fresh capital as losses mounted amid a broader retreat in AI-linked stocks. Despite the sector-wide pullback, retail sentiment on Stocktwits remains broadly bullish across major AI and semiconductor stocks.