Although the fund has largely reduced its public equity exposure, it retains valuable private holdings, including an estimated $5 billion investment in Anthropic. 30, 2026Assets managed by Leopold Aschenbrenner’s Situational Awareness hedge fund have declined to approximately $10 billion after the firm liquidated much of its public stock portfolio following losses in the recent AI market downturn, with Citadel purchasing the bulk of those holdings. AdvertisementThe asset sales were used to repay leverage provided by the fund’s financing banks. Situational Awareness had grown to more than $20 billion in assets earlier this year by building concentrated positions in AI-related companies including CoreWeave, Bloom Energy, Sandisk, Nebius Group and SK Hynix, before the sector’s sharp correction erased much of those gains. The fund continues to own sizeable private investments, most notably an Anthropic stake valued at around $5 billion, leaving it in a stronger position than past leveraged hedge fund failures such as Archegos, whose collapse triggered widespread forced liquidations across Wall Street.