'AI stock god' lost big — 56% of fund in two stocks before the crash

The Situational Awareness fund, run by an investor nicknamed the "AI stock god," had over three-quarters of its assets in just five stocks at the end of the first half of 2026. Two stocks alone accounted for 56% of the portfolio. All five positions were essentially one concentrated bet on AI, and the fund suffered badly when the sector corrected sharply.