Ken Griffin says Citadel unwound more than 80% of risk tied to Situational Awareness portfolio

Ken Griffin’s Citadel unwinds over 80% of Situational Awareness portfolio

Citadel unwound 80% ($4bn) of Situational Awareness' portfolio through block trades after the hedge fund posted a 67% July loss. For leaders: institutional de-risking of AI bets signals a capital allocation pivot—impacts valuations, funding timelines, and M&A expectations.