BlockBeats reported on July 31 that Citadel took over most of the portfolio previously held by the fund tied to Leopold Aschenbrenner, a figure described by the community as an “AI stock god.” The move quickly sparked discussion around conspiracy claims involving Citadel and Aschenbrenner. Public information cited in the report says Citadel had recently pushed a hawkish Federal Reserve rate-hike narrative, which helped fuel tension in the market. Combined with what the report described as an already overheated run-up, that pressure was followed by a sharp market sell-off. The drop then led to margin calls for Situational Awareness, the fund under Aschenbrenner’s name. The report added that the Federal Reserve did not actually raise rates. On the same day Citadel took over most of the portfolio, the related stocks rallied sharply. Major holdings including Nebius, SanDisk, Micron, and CoreWeave mostly rose more than 20% during the session.
BlockBeats reported on July 31 that Citadel took over most of the investment portfolio held by the fund linked to Leopold Aschenbrenner, known in the community as an “AI stock god,” on the previous day.
The development triggered heavy discussion across the community, with much of the conversation centered on conspiracy claims involving Citadel and Aschenbrenner. According to the public information referenced in the report, Citadel had recently promoted expectations of a Federal Reserve rate hike, adding to tension in the market. The report said that pressure, combined with an earlier stretch of strong gains, ended in a broad sell-off.
That decline then led to margin calls for Situational Awareness, the fund under Aschenbrenner’s name. The report also said the Federal Reserve did not, in fact, raise rates.
What drew added attention was the trading action after the portfolio transfer. On the same day Citadel took over most of the fund’s holdings, the related stocks moved sharply higher across the board. Major positions including Nebius, SanDisk, Micron, and CoreWeave mostly gained more than 20% on the day.
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