Lone Pine Capital sold its entire stake in Facebook parent Meta Platforms in the fourth quarter, according to the hedge fund firm’s quarterly 13F filing, made public Tuesday.This is a big deal: The stock was the Tiger Cub’s largest long position as of the end of the third quarter, accounting for 7 percent of the long-short fund’s U.S. stock long portfolio. It was also Lone Pine’s biggest long position in five of the previous six quarters, when the stake was valued at more than $1 billion. Shares...
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