Skye Global Slashes Its Stake in a Key Company

The heavily concentrated fund led by Jamie Sterne extended its huge loss in October.

Illustration by II

Illustration by II

Skye Global has gone from essentially a three-stock portfolio to something closer to a 2.5-stock portfolio.

According to the firm’s third-quarter 13F document, made public on Monday, the previously high-flying hedge fund led by one-time Institutional Investor Rising Hedge Fund Star Jamie Sterne cut its stake in Google parent Alphabet by nearly half in the third quarter, from 5.2

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