Situational Awareness sells entire portfolio to Citadel
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- Situational Awareness, an AI-focused hedge fund founded by a former OpenAI researcher, sold its complete public equities portfolio to Ken Griffin's Citadel, according to Axios sources.
- AI stocks, particularly chipmakers, have been hit by a recent sell-off, the market backdrop for the fund's full exit from public equities.
Why it matters: A 100% liquidation of an AI-native fund into a single buyer (Citadel), timed against a chipmaker-led sell-off, shows how deep the AI-trade unwind runs — Citadel absorbs the positions wholesale while the fund's full retreat marks a concrete insider exit from the public AI trade.
