POPA ReconLeopold Aschenbrenner's Unsuccessful Trade of the Last 2 Days
Leopold Aschenbrenner's Unsuccessful Trade of the Last 2 Days Situational Awareness sold its entire public book - longs and shorts, one block, to Citadel before Thursday's open. Then every name in it closed green. The fund was up 439% net through June, the best large fund in the world. Then July hit a portfolio running ~4x leverage from both sides at once: the AI infrastructure longs collapsed 27–54% while the chip puts moved against him as semis rallied. Goldman, JPMorgan and Bank of America called margin together. The exit created the bottom. IREN +30.5%, WhiteFiber +27.5%, Bloom Energy +…
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