Citadel Buys Situational Awareness's Stock Portfolio After Big Losses in AI

mudil 51 points 10 comments July 30, 2026
www.wsj.com · View on Hacker News

Discussion Highlights (6 comments)

d_silin

Reminds me of LTCM fund story (very smart people X highly leveraged portfolio = a perfect recipe for massive losses on black swan day)

furytrader

The irony is that the WSJ had profiled Situational Awareness with a glowing story just 1-2 months ago. It reminds me of my old adage: "You don't want to read about your positions in a newspaper" - it paints a large target on your back.

hbcondo714

More precisely, 23 new positions were reported in their latest filing just a couple months ago, most of those being semiconductors : https://last10k.com/sec-filings/2045724

BiraIgnacio

I didn't know buying other funds stock portfolio was even a thing. TIL I guess it makes sense, wondering what Citadel will do with it...

mudil

Smart men go broke three ways: liquor, ladies, and leverage - Charlie Munger

reilly3000

My 401k is all money market right now. I did that immediately after reading the HF blog post specifically about how GLM 5.2 helped them out when they had refusals from closedai. The value is in all in the future utilization of inference infrastructure profitably. The margins collapse when models are commodities and they really need to be. This is going to be one hell of a ride.

Semantic search powered by Rivestack pgvector
15,510 stories · 144,699 chunks indexed