Leopold Aschenbrenner's Situational Awareness Reenters Options Market
Leopold Aschenbrenner, an AI researcher and founder of the hedge fund Situational Awareness, is reentering public markets through options trading. His firm has been buying positions in stocks such as Advanced Micro Devices (AMD), Bloom Energy (BE), Coreweave (CWV), SK Hynix (HYXN.KS), and SanDisk ( SNDK). The activity occurred late last week and early this week, according to sources speaking with CNBC. Aschenbrenner's hedge fund previously saw its assets drop from over $45 billion in July 2023 to around $10 billion after a sharp decline in AI-related stocks forced the firm into a fire sale of public equity positions. Situational Awareness sold these stakes to Citadel, led by Ken Griffin, while retaining private company holdings like Anthropic. It remains unclear whether Aschenbrenner is using new capital or leftover assets from his July liquidation to fund this latest market activity.
Tickers: $AMD $SKHYV $SNDK $WDC
Topics: AI stocks hedge funds options trading