Loading ...AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say
- Leopold Aschenbrenner’s hedge fund was forced to sell all of its public stock holdings, according to people familiar with the matter. Ken Griffin’s Citadel hedge fund reached a deal to buy the stocks.
- Situational Awareness, which grew to as big as $45 billion at one point, posted large losses in recent weeks from declines in AI infrastructure investments like SK Hynix, the people said.
- Aschenbrenner launched the fund after leaving OpenAI in 2024 and quickly became one of the most watched figures in AI investing because of eye-popping returns.
https://www.cnbc.com/2026/07/30/leopold-aschenbrenners-hedge-fund-is-facing-steep-ai-losses.html
David Faber just confirmed Leopold had been using 4x times margin to buy AI and semiconductor stocks.
Easy to get eye popping gains with that kind of margin, but the back side is unbelievably crushing. Only time I use margin is near bottoms (like now in the quality PM stocks)