Aschenbrenner Re-enters Markets With Options Bets After Fund Assets Sank to $10 Billion
Updated
Updated · CNBC · Sep 11
Aschenbrenner Re-enters Markets With Options Bets After Fund Assets Sank to $10 Billion
2 articles · Updated · CNBC · Sep 11
Summary
Situational Awareness bought options late last week and early this week in AMD, Bloom Energy, Coreweave, SK Hynix, SanDisk and the Roundhill Memory ETF, marking Leopold Aschenbrenner’s return to public markets.
The move follows a summer collapse that cut the hedge fund’s assets to about $10 billion from more than $45 billion at the start of July after leveraged AI-stock bets unraveled.
That July rout forced Aschenbrenner to unwind public equity positions in a fire sale to Citadel to avoid a full collapse, though the fund kept private-company stakes including Anthropic.
It remains unclear whether the new options activity is backed by fresh investor capital or by assets left in the fund after the July selloff.