Archive · 21 Aug 2026
Citadel Sheds More Than $4 Billion of AI Bets
Situational Awareness was an investment fund focused on artificial-intelligence companies.
It lost a lot of money when technology stocks fell.
The fund then sold most of its public-stock investments.
Citadel bought many of those investments from the fund.
Citadel later sold more than 80% of what it had bought, worth over $4 billion.
It used nearly 100 large trades to spread the investments to other buyers.
Ken Griffin said Citadel was able to study the risks and move quickly.
The deal required cooperation from banks that worked with both funds.
Ken Griffin’s Citadel shed more than 80%, or over $4 billion, of the portfolio it bought from Situational Awareness.
Situational Awareness sold most of its stock bets after heavy technology losses forced it to unwind much of its public-equities portfolio.
Citadel completed nearly 100 block trades while distributing positions across the portfolio.
Griffin said 10 trades were among the largest intraday block trades of the year in their respective names.
The Situational Awareness portfolio lost 67% of its value in July, while Citadel manages about $77 billion in assets.
- Who
- Ken Griffin’s Citadel and Leopold Aschenbrenner’s Situational Awareness were involved.
- What
- Citadel shed more than 80%, or over $4 billion, of the portfolio it recently purchased from Situational Awareness.
- When
- Citadel completed the sales after buying the portfolio last month; the portfolio lost 67% of its value in July.
- Where
- The articles do not specify a physical location.
- Why
- Situational Awareness was forced to unwind most of its public-equities portfolio after heavy losses in technology holdings.
- Citadel assets under management
- About $77 billion
- Portfolio sold by Citadel
- More than 80%, worth over $4 billion
- Situational Awareness July loss
- 67% of the portfolio’s value
- Situational Awareness public-equities book
- $16 billion
- Citadel block trades
- Nearly 100
- Largest intraday trades
- The largest intraday block trades of the year in 10 different names
- Fund focus
- Artificial intelligence and technology investments