--- title: "In the final month before liquidation, the \"AI Stock God\" increased positions in Micron and SanDisk" type: "News" locale: "en" url: "https://longbridge.com/en/news/295988861.md" description: "Regulatory filings show that Situational Awareness significantly increased its holdings in memory chip companies Micron Tech and SanDisk in the second quarter of this year. The combined holdings in these two companies totaled approximately $11 billion, accounting for about one-quarter of the fund's net assets at the time. Meanwhile, the fund also reduced its short option positions on NVIDIA, Broadcom, and AMD" datetime: "2026-08-15T03:00:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295988861.md) - [en](https://longbridge.com/en/news/295988861.md) - [zh-HK](https://longbridge.com/zh-HK/news/295988861.md) --- # In the final month before liquidation, the "AI Stock God" increased positions in Micron and SanDisk Recently, Situational Awareness's "leverage failure" shocked the capital markets. The latest regulatory filings reveal that this AI Hedge Fund, managed by the so-called "AI Stock God," was still aggressively buying semiconductor stocks just before the crash. According to regulatory filings, **Situational Awareness significantly increased its holdings in memory chip companies Micron Tech and SanDisk in the second quarter of this year. The combined holdings in these two companies totaled approximately $11 billion, accounting for about one-quarter of the fund's net assets at the time.** **Meanwhile, the fund also reduced its short option positions on NVIDIA, Broadcom, and AMD.** However, these positions subsequently suffered heavy losses. During the sharp sell-off in AI-related stocks last month, Micron's stock price fell by 29%, while SanDisk's drop was even deeper at 47%. The rapid depreciation of technology investment positions forced this highly leveraged fund into forced liquidation of its public equity holdings. Citadel, under Ken Griffin, ultimately took over the large block of AI stocks held by the fund. ## Aggressive accumulation of memory chips, simultaneous reduction of hedge positions Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, is positioned to bet on the artificial intelligence infrastructure wave. However, AI-related stocks faced a massive concentrated sell-off last month, with memory chips bearing the brunt. Second-quarter filings show that while increasing its stakes in Micron and SanDisk, the fund also reduced its short option positions on NVIDIA, Broadcom, and AMD. This move indicated that fund management held a more optimistic view of the semiconductor sector as a whole at the time, actively reducing hedged exposure and further increasing net long exposure. For Situational Awareness, high leverage combined with a highly concentrated portfolio structure multiplied the impact of the decline. The $11 billion concentrated position covered only two individual stocks, leaving the fund with little room to maneuver amid rapidly tightening liquidity and significant drawdowns in net asset value. The fund was subsequently forced to initiate compulsory liquidation of its publicly traded stocks. Notably, Citadel's flagship Wellington fund surged 5.9% in July, primarily driven by the lightning-fast transaction in which the firm acquired Situational Awareness's public equity holdings at roughly a 10% discount. Before the trading began in the last week of July, Wellington's gain for the month was only about 0.45%, meaning the gains from the discounted acquisition were realized almost instantly. ### Related Stocks - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [AVL.US](https://longbridge.com/en/quote/AVL.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [AVGX.US](https://longbridge.com/en/quote/AVGX.US.md) - [AVGW.US](https://longbridge.com/en/quote/AVGW.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [AVS.US](https://longbridge.com/en/quote/AVS.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [AVGG.US](https://longbridge.com/en/quote/AVGG.US.md) - [AVGU.US](https://longbridge.com/en/quote/AVGU.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [AMDG.US](https://longbridge.com/en/quote/AMDG.US.md) - [DAMD.US](https://longbridge.com/en/quote/DAMD.US.md) - [AMDY.US](https://longbridge.com/en/quote/AMDY.US.md) - [AMDW.US](https://longbridge.com/en/quote/AMDW.US.md) - [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [SNDG.US](https://longbridge.com/en/quote/SNDG.US.md) - [SNDQ.US](https://longbridge.com/en/quote/SNDQ.US.md) - [SNDU.US](https://longbridge.com/en/quote/SNDU.US.md) - [SNXX.US](https://longbridge.com/en/quote/SNXX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [AI weekly: Nvidia does deal with Wall Street, China's AI weather forecasts](https://longbridge.com/en/news/295777975.md) - [Anthropic’s Massive AI Buildout Is Another Bullish Signal for AMD Stock](https://longbridge.com/en/news/295700576.md) - [Jensen Huang's latest pitch to investors: Nvidia's AI compute is its own asset class](https://longbridge.com/en/news/295562673.md) - [Nvidia just recruited Wall Street to help fund $500 billion in AI infrastructure. Here’s the catch.](https://longbridge.com/en/news/295590827.md) - [MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times](https://longbridge.com/en/news/295780395.md)