Situational Awareness 13F shows Micron and Sandisk bets before July collapse
Leopold Aschenbrenner’s Situational Awareness held over half its portfolio in Sandisk and Micron ahead of July’s selloff, shown in a 13F filed late last week. Sandisk sank about 47% and Micron about 29% in July, alongside declines in other AI-related holdings. The fund lost roughly $35B after prime brokers’ margin calls forced distressed sales to Citadel, shrinking assets from about $45B to $10B; leverage reached 400%, followed by a $400M private-company investment.