Ken Griffin says Citadel unwound more than 80% of risk tied to Situational Awareness portfolio
Citadel said nearly 100 block trades worth more than $4 billion cut the portfolio’s risk after buying assets from Leopold Aschenbrenner’s fund.
- On Friday, Ken Griffin confirmed Citadel unwound more than 80% of aggregate risk from the Situational Awareness portfolio purchased in late July, executing over 100 block trades totaling more than $4 billion in market value.
- Situational Awareness, a hedge fund run by Leopold Aschenbrenner, sold public stock positions after heavy losses triggered margin calls and compulsory sales, with holdings in Micron and other companies losing more than 35% of their market value.
- Griffin credited the rapid transfer to the "extraordinary cooperation of the trading and prime brokerage teams at the banks serving both firms," while Citadel's flagship Wellington fund returned 5.94% in July, its best monthly performance since 2022.
- Bolstered by the acquisition, the Wellington fund's July gains pushed Citadel's year-to-date performance to 12%, marking the flagship fund's strongest monthly return since 2022.
- Before the market downturn, Aschenbrenner's fund had grown to approximately $45 billion by early July, betting that an AI boom would drive sustained demand for chips, memory, data centers, and power infrastructure.
25 Articles
25 Articles
The Master of the Margin Call: How Ken Griffin Turned an AI Meltdown into a $4 Billion Masterclass
When a leveraged AI fund collapsed under the weight of its own semiconductor bets, Ken Griffin saw something most investors missed entirely. Understanding what he did next could change how you read every market sell-off from here on out.
Ken Griffin says Citadel unwound 80% of Situational Awareness risk, made $4B worth of trades
Ken Griffin said in a letter to clients Friday that Citadel has unwound more than 80% of the “aggregate risk” tied to its last-minute purchase of assets from AI hedge fund Situational Awareness.
Ken Griffin says Citadel has shed 80% of the risk from the Situational Awareness portfolio it bought
Ken Griffin founded Citadel, one of the largest hedge funds in the world.IMFCitadel says it's removed 80% of the risk from the Situational Awareness's portfolio it acquired.Citadel bought a portion of Situational Awareness' public equity book when the hedge fund imploded in July.Citadel Wellington, the firm's flagship fund, gained nearly 6% in July, the firm wrote in a client letter.Ken Griffin says his hedge fund has de-risked the majority of t…
Market Screener
WTVBCitadel sheds over 80% of aggregate risk from situational awareness portfolio
Billionaire investor Ken Griffin's Citadel has shed more than 80% of the aggregate risk from the original portfolio of Leopold Aschenbrenner's Situational Awareness that it recently purchased,... -August 21, 2026 at 11:07 am EDT MarketScreener
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
