Business & Finance
Aschenbrenner's Situational Awareness resumes options trading, report says
CNBC reports that Leopold Aschenbrenner's fund bought options positions following sharp July equity losses.
The short version
- Situational Awareness has resumed public market trading by acquiring options in tech and memory assets late last week and early this week.[CNBC]
- The purchases targeted Advanced Micro Devices, Bloom Energy, Coreweave, SK Hynix, SanDisk, and the Roundhill Memory ETF.[CNBC]
- The move comes after fund assets fell from over $45 billion to about $10 billion in July, forcing a fire sale of equities to Citadel.[CNBC]
- It remains unknown whether the recent options activity is funded by leftover capital or newly raised money.[CNBC]
Key facts
- Situational Awareness has purchased options in Advanced Micro Devices, Bloom Energy, Coreweave, SK Hynix, SanDisk, and the Roundhill Memory ETF.[CNBC]
- The options transactions occurred late last week and early this week.[CNBC]
- The hedge fund's assets dropped from more than $45 billion to roughly $10 billion in July.[CNBC]
- A decline in leveraged AI-related stocks led Aschenbrenner to unwind public equity holdings to Ken Griffin's Citadel.[CNBC]
What remains uncertain
- It is not known whether the new options trades were financed with fresh investor capital or remaining assets in the fund.[CNBC]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.