Situational Awareness Hedge Fund's Top AI Holdings as of End of Q2
Leopold Aschenbrenner’s hedge fund Situational Awareness faced a significant blowup at the end of July due to highly leveraged bets on AI stocks. The fund sold over $10 billion in its AI portfolio, including top holdings like Sandisk and Micron, to Citadel managed by Ken Griffin. Despite this setback, these stocks remain down significantly from their Q2 levels but still represent a high-growth AI portfolio. Sandisk and Micron have been major beneficiaries of the AI boom, with both seeing substantial gains in recent years. Memory chip prices are currently spiking, making them appear relatively cheap on a forward basis. Bloom Energy has also emerged as an energy solution for AI data centers through its hydrogen fuel-cell technology and recently secured a $25 billion partnership with Brookfield Asset Management. Taiwan Semiconductor Manufacturing (TSM) is considered one of the most resilient players in the sector due to its dominant market position, while neocloud companies like Nebius are also part of Situational Awareness’s former top holdings. These stocks continue to offer exposure to high-growth AI-related sectors.
Tickers: $CRWV $MU $NBIS $SNDK $TSM
Topics: AI stocks leverage risk portfolio blowup Situational Awareness