Leopold Aschenbrenner: Q2 Portfolio Holdings Exposed

Leopold Aschenbrenner's Situational Awareness hedge fund posted a $20.2B equity book at the end of Q2 2026 before the collapse, led by $SNDK at 28% ($5.7B) and $MU at 27.5% ($5.6B) with Ken Griffin and Citadel Securities taking matching stakes in the same AI names. Additional lines included $BE 9.6% ($1.9B), $TSM 6.4% ($1.3B), $NBIS 6.1% ($1.2B), $CRWV 3.7% ($745M) and $CORZ 3.3% ($670M). The allocation underscores the hedge fund collapse reasons tied to concentrated AI infrastructure stock investments history.