--- title: Aschenbrenner’s Situational Awareness fund sells out to... description: Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness, which grew from $225m to as much as $45bn, has been forced to sell its entire public... canonical: https://daily.dev/posts/aschenbrenner-s-situational-awareness-fund-sells-out-to-citadel-cvgmegjt7 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Aschenbrenner’s Situational Awareness fund sells out to Citadel | daily.dev og:description: Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness, which grew from $225m to as much as $45bn, has been forced to sell its entire public... og:url: https://daily.dev/posts/aschenbrenner-s-situational-awareness-fund-sells-out-to-citadel-cvgmegjt7 og:image: https://api.daily.dev/og/posts/CVGMegjT7.png og:image:alt: Aschenbrenner’s Situational Awareness fund sells out to Citadel og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Aschenbrenner’s Situational Awareness fund sells out to Citadel **[The Next Web](https://daily.dev/sources/tnw)** · 5 min read · 0 upvotes · 0 comments ## Summary Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness, which grew from $225m to as much as $45bn, has been forced to sell its entire public equities portfolio to Ken Griffin's Citadel after leveraged bets on AI infrastructure stocks — including Micron, SK Hynix, Sandisk, Nebius, and CoreWeave — collapsed. Margin calls triggered a fire sale of the public book, while the fund retains its ~$5bn private stake in Anthropic. The fund, which had no experienced traders and used heavy leverage, was up 439% in the first half of the year before the collapse. Aschenbrenner, the former OpenAI researcher whose 165-page 'Situational Awareness' essay became the intellectual blueprint for the AI infrastructure trade, is now 25 and had no prior trading experience. Comparisons to Archegos and Three Arrows have emerged, with the consensus being that leverage — not the underlying AI thesis — caused the implosion. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Situational Awareness, star AI hedge fund that nearly imploded, now being probed by the SEC](https://daily.dev/posts/situational-awareness-star-ai-hedge-fund-that-nearly-imploded-now-being-probed-by-the-sec-qolgbqxh0) · TechCrunch · 0 upvotes · 0 comments - [Situational Awareness ran two auctions at once, and one set of bidders never knew](https://daily.dev/posts/situational-awareness-ran-two-auctions-at-once-and-one-set-of-bidders-never-knew-wbdkyqsuo) · The Next Web · 0 upvotes · 0 comments - [On NVIDIA and Analyslop](https://daily.dev/posts/on-nvidia-and-analyslop-uuuw67r29) · Where's Your Ed At · 4 upvotes · 0 comments - [Former Citadel quants raised $78M for the AI operating system Wall Street’s wealth managers didn’t have](https://daily.dev/posts/former-citadel-quants-raised-78m-for-the-ai-operating-system-wall-street-s-wealth-managers-didn-t-h-yse0ws4nu) · The Next Web · 0 upvotes · 0 comments --- Tags: [#ai](https://daily.dev/tags/ai), [#openai](https://daily.dev/tags/openai), [#anthropic](https://daily.dev/tags/anthropic) [View this post on daily.dev](https://daily.dev/posts/aschenbrenner-s-situational-awareness-fund-sells-out-to-citadel-cvgmegjt7) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Aschenbrenner’s Situational Awareness fund sells out to Citadel","url":"https://daily.dev/posts/aschenbrenner-s-situational-awareness-fund-sells-out-to-citadel-cvgmegjt7","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/aschenbrenner-s-situational-awareness-fund-sells-out-to-citadel-cvgmegjt7"},"datePublished":"2026-07-30T17:09:12.782Z","dateModified":"2026-07-30T17:47:19.980Z","description":"Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness, which grew from $225m to as much as $45bn, has been forced to sell its entire public...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/d6affe51c9761a5a22ff2123669dd079?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/d6affe51c9761a5a22ff2123669dd079?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/aschenbrenner-s-situational-awareness-fund-sells-out-to-citadel-cvgmegjt7","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"ai,openai,anthropic","timeRequired":"PT5M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Aschenbrenner’s Situational Awareness fund sells out to Citadel"}]} ```