Sources: Situational Awareness has sold all of its public stock holdings; the fund grew to as big as $45B at the start of July before big losses took hold (David Faber/CNBC)

Leopold Aschenbrenner's hedge fund, Situational Awareness, has divested all its public stock holdings following substantial losses. The fund, which had grown to $45B by early July, experienced significant setbacks due to poor performance in AI stocks and an unsuccessful bet against software stocks. This move indicates the fund is unwinding many of its trades after these considerable financial losses.