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● TRACKER Updated 28d ago · 6 sources tracked

Investor dubbed the ‘AI stock god’ had 56% of his hedge fund invested in these two stocks before the July blow-up

Leopold Aschenbrenner's Situational Awareness fund suffered a collapse in July after an $11 billion bet on artificial intelligence failed. Before the blow-up, the fund concentrated 56% of its holdings in just two stocks: Micron and SanDisk. The loss occurred in less than a month, according to 13F filings. This concentrated strategy left the fund highly vulnerable to the July market turmoil, resulting in significant collateral damage from the investor's high conviction in these specific AI-linked hardware companies.

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  • ✓ The Situational Awareness fund had 56% of its funds invested in two stocks before it blew up.
  • ✓ The two stocks dominating the fund were Micron and SanDisk.
  • ✓ The fund's AI bet totaled $11 billion and unraveled in under a month.
  • ✓ The fund collapse occurred in July.
🛡️ Source Corroboration: 6 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

13F filings revealed the specific $11 billion loss and the 56% concentration in Micron and SanDisk.

Live updates

  1. Situational Awareness Fund Lost $11 Billion AI Bet in July

    Leopold Aschenbrenner's Situational Awareness fund suffered a collapse in July after an $11 billion bet on artificial intelligence failed. Before the blow-up, the fund concentrated 56% of its holdings in just two stocks: Micron and SanDisk. The loss occurred in less than a month, according to 13F filings. This concentrated strategy left the fund highly vulnerable to the July market turmoil, resulting in significant collateral damage from the investor's high conviction in these specific AI-linked hardware companies.

    Why it matters

    Leopold Aschenbrenner is an investor often referred to as the AI stock god. The fund's reliance on a narrow set of semiconductors highlights the volatility of AI-driven investment strategies. The collapse demonstrates the risk of extreme portfolio concentration in a single sector.

    What is confirmed

    • The Situational Awareness fund had 56% of its funds invested in two stocks before it blew up.
    • The two stocks dominating the fund were Micron and SanDisk.
    • The fund's AI bet totaled $11 billion and unraveled in under a month.
    • The fund collapse occurred in July.
    • Leopold Aschenbrenner managed the Situational Awareness fund.

    What to watch next

    • Details on the total remaining assets of the Situational Awareness fund
    • Regulatory filings regarding the fund's current liquidation status
    Sources used for this update (6)
    1. Aswath Damodaran | Substack — The Situational Awareness Fund Blow-up: Collateral Damage from Investment Conviction!
    2. MarketWatch — Investor dubbed ‘AI stock god’ had 56% of his funds in these two stocks before it blew up
    3. Bloomberg.com — Situational Awareness Boosted Micron, Sandisk Ahead of Turmoil
    4. 24/7 Wall St. — Situational Awareness’ 13F Reveals an $11 Billion AI Bet That Unraveled in Under a Month
    5. businessinsider.com — Leopold Aschenbrenner's Situational Awareness bet big on SanDisk and Micron before it blew up
    6. qz.com — Situational Awareness 13F: Micron and Sandisk dominated fund before July collapse
    confidence 100%
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