Hedge funds Maverick, Lone Pine losses mount to around 30% this year: Bloomberg
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Maverick Capital, the hedge fund owned by Lee Ainslie, and Steve Mandel's Lone Pine Capital both reportedly cratered around 30% so far in 2022 amid the rout in technology stocks, Bloomberg reported Thursday.
Specifically, Maverick's losses totaled 32.5% through May, people familiar with the matter told Bloomberg. Its biggest stakes in Q1 were in South Korean e-commerce behemoth Coupang (NYSE:CPNG) -57% as well as Amazon (NASDAQ:AMZN) -32%, both of which are off heavily YTD, Bloomberg noted.

Over the same period, Lone Pine dropped about 30%, with some of its hardest-hit holdings (on a YTD basis) in Workday (NASDAQ:WDAY) -42% and Shopify (NYSE:SHOP) -73%, other people said, as reported by Bloomberg.
The news comes after Chase Coleman's Tiger Global's losses for the year was said to fall to 52% as its main hedge fund was again hurt in May.
Previously, (May 3) Tiger Global was on track for its worst year ever.