The Last Look at Situational A

The Last Look at Situational Awareness Before the Blow-Up
This chart now looks like a snapshot taken just before everything changed.
Situational Awareness, the AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner, reported a $20.2B U.S. equity portfolio at the end of Q2, up 48% quarter over quarter.
The concentration was extreme. Sandisk $閃迪(SNDK)$ and Micron Technology $美光科技(MU)$ alone represented 55.5% of the disclosed book, with Bloom Energy, TSMC and Nebius adding another sizeable chunk. Reported leverage had reached as high as 4x.
Then July happened: a sharp reversal across several of those positions triggered severe margin pressure, forcing Situational Awareness to unwind its public-equity portfolio after reportedly losing around 67% in a single month.
Much of that liquidated book was ultimately acquired by Citadel at a discount.

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Sandisk <a href=\"https://ttm.financial/S/SNDK\">$閃迪(SNDK)$</a> and Micron Technology <a href=\"https://ttm.financial/S/MU\">$美光科技(MU)$</a> alone represented 55.5% of the disclosed book, with Bloom Energy, TSMC and Nebius adding another sizeable chunk. Reported leverage had reached as high as 4x. \n \nThen July happened: a sharp reversal across several of those positions triggered severe margin pressure, forcing Situational Awareness to unwind its public-equity portfolio after reportedly losing around 67% in a single month. \n \nMuch of that liquidated book was ultimately acquired by Citadel at a discount. <img src=\"https://community-static.tradeup.com/news/58796b2af342a6a988d0400ef51c6ba5\" tg-width=\"800\" tg-height=\"1000\"></body></html>","htmlText":"<html><head></head><body>The Last Look at Situational Awareness Before the Blow-Up \n \nThis chart now looks like a snapshot taken just before everything changed. \n \nSituational Awareness, the AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner, reported a $20.2B U.S. equity portfolio at the end of Q2, up 48% quarter over quarter. \n \nThe concentration was extreme. Sandisk <a href=\"https://ttm.financial/S/SNDK\">$閃迪(SNDK)$</a> and Micron Technology <a href=\"https://ttm.financial/S/MU\">$美光科技(MU)$</a> alone represented 55.5% of the disclosed book, with Bloom Energy, TSMC and Nebius adding another sizeable chunk. Reported leverage had reached as high as 4x. \n \nThen July happened: a sharp reversal across several of those positions triggered severe margin pressure, forcing Situational Awareness to unwind its public-equity portfolio after reportedly losing around 67% in a single month. \n \nMuch of that liquidated book was ultimately acquired by Citadel at a discount. <img src=\"https://community-static.tradeup.com/news/58796b2af342a6a988d0400ef51c6ba5\" tg-width=\"800\" tg-height=\"1000\"></body></html>","text":"The Last Look at Situational Awareness Before the Blow-Up This chart now looks like a snapshot taken just before everything changed. Situational Awareness, the AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner, reported a $20.2B U.S. equity portfolio at the end of Q2, up 48% quarter over quarter. The concentration was extreme. Sandisk $閃迪(SNDK)$ and Micron Technology $美光科技(MU)$ alone represented 55.5% of the disclosed book, with Bloom Energy, TSMC and Nebius adding another sizeable chunk. Reported leverage had reached as high as 4x. Then July happened: a sharp reversal across several of those positions triggered severe margin pressure, forcing Situational Awareness to unwind its public-equity portfolio after reportedly losing around 67% in a single month. 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