Tiger Cub Hedge Funds Led by Lone Pine Log Strong First-Half Gains

A pack of stock-picking firms known as Tiger Cubs — the hedge funds run by proteges of Tiger Management founder Julian Robertson — were among the industry’s best performers in the first half of the year, capped by solid gains in June.

Steve Mandel’s Lone Pine Capital led the group with a 16% return, including a 5% bump last month, as some of its biggest holdings — Meta Platforms Inc., Intuit Inc. and Microsoft Corp. — rose by double digits during the first six months of 2025. The hedge fund at Philippe Laffont’s Coatue Management notched much of its 9% year-to-date gain last month alone after recovering from a 2% loss in March.