AI Hedge Fund Sells Its Stock Holdings to Citadel After Big Losses

Situational Awareness, a fund started by 25-year-old former OpenAI researcher Leopold Aschenbrenner with no trading experience, sold most of its publicly traded stocks to Citadel on July 30, 2026. The fund's assets dropped from a $45 billion peak to about $10 billion, made worse by borrowed money. It kept its private shares in Anthropic.