Citadel unwinds more than 80% of the AI-related portfolio it rescued from a firm called Situational Awareness. Ken Griffin says the hedge fund executes more than 100 block trades, totaling over $4 billion, to shed the positions.
The reports describe the offloading as taking place over recent weeks, with Citadel reducing its exposure by selling a large portion of the rescued holdings rather than keeping them intact. Quartz and the Financial Times both highlight the scale of the trading activity—block trades worth more than $4 billion—and the same overall figure for the portion sold (more than 80%).
While the outlets focus on different framing, both attribute the actions to Citadel’s effort to reposition the acquired AI portfolio. Neither report provides extensive detail on which specific assets are included in the portfolio or the exact timing of each transaction beyond indicating recent weeks and multiple trades.
