AI hedge fund Situational Awareness may have sold its public portfolio, but it still has its Anthropic shares
- ID
- 9267
- Status
- summarized
- Published
- 31 Jul 2026, 7:25 AM
- Fetched
- 31 Jul 2026, 7:41 AM
- Provider
- TechCrunch
- Category
- technology
- Original URL
- https://techcrunch.com/2026/07/30/ai-hedge-fund-situational-awareness-may-have-sold-its-public-portfolio-but-it-still-has-its-anthropic-shares/
- Source URL
- https://techcrunch.com/feed/
Summary
- Score
- 5.5
- Created
- 31 Jul 2026, 4:28 PM
- Tags
- Audience
- saas_foundersai_ml_learners
What happened
Situational Awareness, an AI hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, sold the majority of its public stock portfolio to Citadel after steep losses, though it retained its Anthropic shares. The fund had returned 439% through June and reached ~$45B AUM at peak, but was hit hard by a broader decline in AI infrastructure investments, with positions in SK Hynix, Sandisk, Bloom Energy, and Nebius Group among the hardest hit. Aschenbrenner's July 24 letter to investors calling the selloff a buying opportunity failed to attract fresh capital commitments.
Why it matters
If you are building or funding AI infrastructure startups, the specific stocks that cratered here—memory chips (SK Hynix, Sandisk), clean energy (Bloom Energy), and neocloud (Nebius)—signal where the AI infrastructure capex cycle is cooling. Founders in compute, energy, or cloud-adjacent spaces should expect tighter funding and more scrutiny on infrastructure-heavy business models in the near term.
Discussion angle
What does the selloff of AI infrastructure stocks by a fund that was up 439% tell us about where we are in the AI capex cycle—and should Malaysian builders in cloud, data center, or energy infrastructure be adjusting their plans accordingly?