Lone Pine Struggles With Retail Shorts

Stephen Mandel’s Lone Pine Capital used to be one of Facebook’s biggest supporters owning nearly seven million shares in the social network. However, according to 13f data filed with the SEC, during the second quarter of 2018, the Tiger Cub’s love affair with Facebook took a turn for the worst. The firm dumped more than half of its holding during the quarter ended 30 June 2018. If you’re looking for more timely hedge fund insight, ValueWalk’s exclusive newsletter Hidden Value Stocks offers exclusive access to under-the-radar value hedge funds and their ideas. Click here to find out more and signup for a free no-obligation trial today. Even though the…