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[Unconfirmed]

# AI-focused hedge fund VARA lost 33% in October, report says

The fund reportedly remains up 13% for the year. VARA has not commented publicly.

Leaked on 06 November 2026

![Screenshot of @unusual_whales's X post: BREAKING: AI-focused hedge fund VARA lost 33% in October as AI stocks took a beating, per Bloomberg. Value Aligned Research Advisors, which](https://leakly.com/assets/images/vara-hedge-fund-drops-33-percent-october-hero.jpg)

@unusual\_whales's post on X, with counts as of 09 Nov 2026 12:49 UTC. [Live post on X](https://x.com/unusual_whales/status/2118729872214311404)

Value Aligned Research Advisors, a hedge fund heavily invested in AI stocks, fell 33% in October, according to a report [Mint](https://www.livemint.com/market/hedge-fund-vara-plunges-33-in-brutal-october-for-ai-stocks-11793923146546.html) republished on November 6. unusual\_whales (@unusual\_whales) shared it on X.

> **unusual\_whales** @unusual\_whales
>
> BREAKING: AI-focused hedge fund VARA lost 33% in October as AI stocks took a beating, per Bloomberg.
> Value Aligned Research Advisors, which runs a portfolio similar to Leopold Aschenbrenner’s Situational Awareness, told investors its fund is still up 13% for the year. It fell even harder in July, plunging 44%.
>
> 449 likes · 47 reposts · counts as of 09 Nov 2026, 12:49 UTC
>
> — unusual\_whales (@unusual\_whales) [November 6, 2026](https://twitter.com/unusual_whales/status/2118729872214311404)

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The Princeton, New Jersey firm told Class C investors its fund was still up 13% for the year, [Hedgeweek](https://hedgeweek.com/news/ai-focused-hedge-fund-vara-plunges-33-in-october-selloff) reported. The fund lost 44% in July, and Mint says its portfolio has resembled Leopold Aschenbrenner's Situational Awareness.

VARA has not commented publicly, and the figures come from a person familiar with the matter.

## What we know

* VARA fell 33% in October, per the report.
* It was still up 13% for the year.

## What we don't know

* Assets under management after the losses.

## What would confirm it

An investor letter or filing.

## Sources

* [Original X post by @unusual\_whales](https://x.com/unusual_whales/status/2118729872214311404)
* [Hedge Fund VARA Plunges 33% in Brutal October for AI Stocks | Stock Market News](https://www.livemint.com/market/hedge-fund-vara-plunges-33-in-brutal-october-for-ai-stocks-11793923146546.html)
* [AI-focused hedge fund VARA plunges 33% in October selloff | Hedgeweek](https://hedgeweek.com/news/ai-focused-hedge-fund-vara-plunges-33-in-october-selloff)

[Unconfirmed]

## What happened later

VARA has not commented publicly, and the figures come from a person familiar with the matter.

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