An AI-focused fund is forced to unwind its entire public book

Claim

Situational Awareness, up 439% in the first half and $45 billion strong in early July, was forced to unwind its entire public book after leveraged AI bets soured, with Citadel buying the portfolio while the fund kept its private stakes and passed the hat for fresh capital.

Reported metric: +439% then unwound

Reporting date: 2026-07-30 (not necessarily the event date)

Sources

Attribution and reporting linked by this record; links do not imply independent verification.

• Welcome to July 30, 2026 (theinnermostloop.substack.com)