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Lone Pine’s Reversal of Fortune

Reported by Institutionalinvestor
Oct 8, 2026· 1 min read
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What a difference a quarter made for many hedge funds — but especially for Stephen Mandel Jr.’s Lone Pine Capital.The Tiger Cub was flying high in the first half of the year after the long-short fund surged 51 percent and the long-only fund jumped 50 percent in the second quarter.

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Institutionalinvestor Lone Pine’s Reversal of Fortune