Investing.com - Leopold Aschenbrenner's Situational Awareness LP hedge fund has sold its entire stock portfolio in one block trade after steep losses in the AI-focused portfolio, CNBC reported, citing people familiar with the matter. Publicly traded AI infrastructure names in Situational Awareness's known long book — including Bloom Energy, CoreWeave and Nebius — were hit hard in the current rout. The capital crunch underscores how quickly a historically strong run can reverse in concentrated AI plays. Situational Awareness was up approximately 439% after fees in 2026 through the end of June. The letter signals that Aschenbrenner remains constructive on AI infrastructure even as the drawdown forces a capital raise.