AI hedge fund Situational Awareness may have sold its public portfolio, but it still has its Anthropic shares
Situational Awareness, a hedge fund founded by Leopold Aschenbrenner, sold a majority of its public stock portfolio to Citadel following significant losses, with assets under management dropping to $10 billion. The fund, which had previously returned 439% for the year, had no prior trading experience and gained attention for its AI infrastructure investment thesis. Citadel acquired the fund's assets, aligning with a pattern where Griffin steps in to acquire attractive assets when leveraged players unwind. The fund continues to hold a stake in Anthropic, which is expected to appreciate, and has investments in MatX and Fluidstack in talks to raise a new round.
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