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Hedge Funds Dump Facebook Shares Ahead of the Plunge

Soroban, Element, Glenview, Owl Creek, and Millennium sold out entirely before the stock tanked in late July, while Coatue, Tiger Global, and Hound added to their stakes.

  • By Michelle Celarier

Facebook — still the most widely held hedge fund stock —  saw a raft of managers unload their shares before they tumbled in late July.At that time, Facebook said that its growth is likely to slow as it takes measures to tighten security to avoid the problems incurred during the

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