Leopold Aschenbrenner’s AI-focused hedge fund Situational Awareness sold most of its leveraged public equity positions to Citadel in a deal that closed on or around July 30, 2026. The fund retained its most valuable asset: a substantial stake in Anthropic now valued at approximately $965 billion, representing roughly $4 billion or about 20% of the fund’s $20 billion in assets. Situational Awareness first invested in Anthropic when the company was valued at approximately $60 to $61.5 billion in February 2025, surging to $965 billion by May 2026 for roughly a 15x appreciation. The fund reported returns of approximately 270% after fees through May 2026. No cryptocurrencies were involved in the transaction.
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