Sources
Leopold Aschenbrenner's Situational Awareness Fell 67% in July and Fire-Sold Its Entire Public Book to Citadel — $45B to $10B
Per an investor letter reported by WSJ, Reuters and CNBC on 2026-07-30/31, Situational Awareness dropped roughly 67% in July, with assets falling from about $45B to $10B. Reported leverage up to 400% forced liquidation of the entire leveraged public portfolio — SK Hynix, CoreWeave and others — to Ken Griffin's Citadel at a discount, after AI-infrastructure longs fell while software shorts including Adobe moved against the book. Aschenbrenner wrote 'We let you down this month' and the fund has removed all leverage; it remains up 80% for 2026, which is the detail most coverage omits.
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