'Tiger Cubs' Love Facebook
Shares of Facebook have tanked nearly 50% since the social network's highly anticipated initial public offering back in May.
Of course, anyone who bought Facebook shares on the IPO is feeling the pain.
However, we do know that there were some early investors in the social network such as hedge fund and private equity firm Tiger Global Management.
Hedge funds don't have to disclose their holdings in private companies, but now that the social network is publicly traded we can see the biggest stake holders (as of the end of Q2) in 13F quarterly reports filed with the SEC.
Here's a rundown of ten hedge funds who owned the most shares of Facebook for the second quarter ended 6/30/2012, according to data compiled by Bloomberg.
One trend we noticed was that most of these hedge funds are "Tiger Cubs" meaning they were seeded by famed hedge fund manager Julian Robertson, the founder of Tiger Management. The Tiger Cubs are highlighted in red below.
Tiger Global Management (Chase Coleman): ~1.95 million shares
Tiger Consumer Management (Patrick McCormack): ~1.57 million shares
JAT Capital Management (John A. Thaler): ~1.56 million shares
Bridger Management LLC (Roberto Mignone): 1.5 million shares
Hoplite Capital Management (John Lykouretzos): ~1.28 million shares
Discovery Capital Management (Rob Citrone): ~1.22 million shares
Pentwater Capital Management: ~1.07 million shares
Smithwood Advisers LP: 950,000 shares
Alyeska Investment Group: 912,050
SEE: Here Are The Facebook Insiders Who Might Dump Millions Of Shares On Thursday Morning >
SEE ALSO: Here Are Some Mutual Fund Pros Who Got Demolished On Facebook >
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