{"id":39497,"date":"2026-11-06T16:47:13","date_gmt":"2026-11-06T16:47:13","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=39497"},"modified":"2026-11-06T19:35:02","modified_gmt":"2026-11-06T23:35:02","slug":"hedge-fund-not-hedged","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/hedge-fund-not-hedged\/","title":{"rendered":"Hedge Fund Not Hedged"},"content":{"rendered":"
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Hedge Fund Not Hedged<\/div>\n
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\u2022  Patrick Byrne responds to a rumor of Lone Pine Capital\u2019s collapse by naming Stephen Mandel, its founder and Dartmouth \u201878 alumnus\/former trustee, accusing him of pushing DEI initiatives and retaliating against Byrne by seeking to remove his family name from college gifts and prompting a negative campus story over Byrne\u2019s election integrity efforts.<\/div>\n
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\u2022  The quoted rumor lists Lone Pine\u2019s top holdings as NBIS, ASML, STX, AMAT, and HUT, which align with its Q2 2026 13F showing heavy concentration (about 37% in AI\/chip-related names), <\/div>\n
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A bet that drove strong first-half gains but contributed to sharp reversals.\"image1.png\"<\/div>\n
\u2022  Lone Pine\u2019s long-short fund erased a 44% YTD gain with roughly 31% Q3 2026 losses amid AI\/tech selloffs, followed by further October declines, though reports describe major drawdowns rather than outright collapse, with assets around $18-19B<\/div>\n<\/div>\n
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Stephen Mandel. Dartmouth ’78. Former Dartmouth trustee, pushed Woke & DEI. When I was DHS Domestic Extremist #1 (for pushing Election Integrity) Mandel lobbied to have my family name removed from all gifts to college & tried to get college paper to run a hatchet job.<\/div>\n<\/td>\n<\/tr>\n
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Patrick Byrne (@PatrickByrne) 236 likes \u00b7 30 replies<\/font><\/a><\/div>\n
x.com<\/font><\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Blogged on WordPress from my iPhone\"image2.jpeg\"\"image3.jpeg\"\"image4.jpeg\"\"image5.png\"<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hedge Fund Not Hedged \u2022  Patrick Byrne responds to a rumor of Lone Pine Capital\u2019s collapse by naming Stephen Mandel, its founder and Dartmouth \u201878 alumnus\/former trustee, accusing him of pushing DEI initiatives and retaliating against Byrne by seeking to remove his family name from college gifts and prompting a negative campus story over Byrne\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":39498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39497","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/39497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=39497"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/39497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/39498"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=39497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=39497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=39497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}