Hedge fund Situational Awareness LP, run by former OpenAI researcher Leopold Aschenbrenner, sold its entire public equities portfolio in late July 2025. The fund, which grew from $225 million at the end of 2024 to between $20 billion and $24 billion by mid-2026 with leverage reportedly as high as 4x, was forced into liquidation by margin call pressure. Among the positions offloaded were Riot Platforms, CleanSpark and Bloom Energy. The fund is retaining its private holdings, including a stake in Anthropic acquired at a valuation near $60 billion.
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