Lost it all. $45 billion. The world’s biggest AI bull got played. Breaking news from CNBC: their entire public portfolio was sold off. At the start of July, the fund ballooned to $45 billion. Heavy positions in Nebius, SanDisk, Micron, CoreWeave—all down over 35% this month. Shorting Adobe backfired too. Got hit from both sides. Who took over the bag? Ken Griffin’s Citadel. One of Wall Street’s largest hedge funds. July 28. Citadel released a report predicting a surprise 25 basis point rate hike by the Fed. Out of 104 economists, not a single one said this. Only they did. Rate hike probability jumped from 10% to 33%. AI stocks tanked across the board. July 29. Leopold got margin called. Goldman, Morgan, and BofA all demanded collateral. On the same day, the Fed announced: no rate hike. Citadel’s prediction was wrong. But the market had already crashed. The positions were already liquidated. July 30. Citadel bought all of his positions at rock-bottom prices. On the same day: Nebius +29% Bloom Energy +25% SanDisk +22% CoreWeave +24% SK Hynix +15% From calling for a rate hike to taking over the bag. 72 hours. (Shared from the community)