Sosin Drops Another 19 Percent

A huge bet on Carvana isn’t the only reason that the one-time high-flier is now down more than 65 percent this year.

Patrick T. Fallon/Bloomberg

Patrick T. Fallon/Bloomberg

Another month, another disastrous loss for Sosin Partners.

The hedge fund known for its very concentrated portfolio — which includes a big bet on Carvana — slumped 19.3 percent in June and is now down 65.6 percent for the year, according to the firm’s monthly performance report, obtained by Institutional Investor.

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