Hedge fund Situational Awareness lost 67% of portfolio value in July on AI stocks

Hedge fund Situational Awareness, run by Leopold Aschenbrenner, saw its portfolio value fall 67% in July 2026 after steep losses on AI stocks, Reuters reported, citing a letter to investors. The collapse came weeks after the fund anchored a US$1.6 billion SharonAI transaction in June. On August 12, it disclosed an 11.62% stake in Japan's Taiyo Yuden.