Tiger Cub hedge funds – stock-picking firms founded by protégés of Tiger Management’s Julian Robertson – posted standout gains in the first half of 2025, outperforming several multi-strategy giants amid a volatile market backdrop, according to a report by Bloomberg.
Steve Mandel’s Lone Pine Capital led the charge, returning 16% through June, including a 5% gain last month, driven by top holdings such as Meta, Intuit, and Microsoft. Philippe Laffont’s Coatue Management, meanwhile, rebounded from a March dip to end the half up 9%, with much of that return earned in June.
Dan Sundheim’s D1 Capital Partners, a “Tiger grandcub,” posted the strongest performance of the group with a 20.5% return year-to-date, benefiting from both public and private market exposures.
Viking Global Investors, run by Andreas Halvorsen, gained 4.8%, trailing equity benchmarks but still outperforming some larger peers.
These gains came despite a tumultuous first half marked by geopolitical shocks, tariff risks, and market whipsaws. Tiger Cubs, many of whom hold concentrated equity portfolios, also outpaced multi-strategy titans like Citadel and Millennium Management, whose flagship funds returned under 3%.
