A spate of well-known hedge funds reported steep losses in July as AI shares tumbled, most notably forcing the highly leveraged Situational Awareness to sell most of its stock portfolio at a deep discount to Ken Griffin’s Citadel.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-05/hedge-funds-take-big-hit-in-july-after-bruising-ai-selloff)