Key facts
- Situational Awareness, an AI hedge fund, sold a portion of its public stock.
- Citadel purchased the public stock from Situational Awareness.
- The fund experienced significant losses.
- The losses occurred amid a selloff in AI stocks.
- Situational Awareness retains its private investments.
- The fund holds a stake in Anthropic.
Leopold Aschenbrenner's hedge fund, Situational Awareness, has divested a portion of its publicly traded stock holdings to Ken Griffin's Citadel. This move comes after the fund sustained significant losses, attributed to a broader selloff impacting AI stocks. The fund's decision to sell a part of its public portfolio to Citadel indicates a strategic shift or a response to market pressures. Despite the sale of public stock, Situational Awareness continues to hold its private investments. Among these private holdings is a notable stake in Anthropic, an artificial intelligence company. This suggests a continued belief in the long-term potential of private AI ventures, even as public market exposure has been reduced due to recent downturns in the sector.