After a Remarkable Run, Concentration Cuts Both Ways

A decline in Carvana is weighing on one of the industry's most concentrated hedge funds after years of outsized returns.

Stephen Taub July 23, 2026

One of the hedge fund industry’s most concentrated portfolios is finally feeling the downside of its biggest bet. Sosin Partners is suffering its first rough year in the past five. Institutional Investor estimates the fund is down in the upper teens through the first six months

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