Hedge Funds Mostly Missed Stock Rally After Muted Buying Last Quarter

Tiger Global, Maverick Capital made modest portfolio tweaks
Coatue reduced some large holdings, including Tesla and Meta

Hedge Funds Buy Amazon, Sell Meta, Warner Discovery

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Katherine Burton and Hema Parmar

November 14, 2022 at 11:33 PM UTC

This article is for subscribers only.

Some of the world’s biggest equity hedge funds held back from ramping up bullish bets in the third quarter, likely missing out on a 10% rally in the S&P 500 since the end of September.

Firms including Chase Coleman’s Tiger Global Management and Lee Ainslie’s Maverick Capital made relatively modest additions to their portfolios after incurring heavy losses earlier in the year. They also continued to reduce their largest holdings.