Ctrip.com (CTRP) share prices fell over 12% on Monday after reporting a disappointing sales outlook for the fourth quarter. Afterwards, analysts at Brean Murray Carret downgraded the company to hold. CTRP share prices fell from $34.27 at close Friday to trade at just $30.05 at 2pm EST.
The following hedge funds lost the most:
1. Lone Pine Capital – Stephen Mandel: Lost $34.1 million
2. Conatus Capital Management – David Stemerman: Lost $10.8 million
3. Brookside Capital – Bain Capital: Lost $8.9 million
4. Chilton Investment Company – Richard Chilton: Lost $1.7 million
5. Sloane Robinson Investment Management – Hugh Sloane: Lost $1.6 million
6. Kleinheinz Capital Partners – John Kleinheinz: Lost $1.2 million
7. Bridger Management – Roberto Mignone: Lost $760,000
8. White Elm Capital – Matthew Iorio: Lost $470,00
9. Millennium Management – Israel Englander: Lost $317,000
10. Crosslink Capital – Seymour Sy Kaufman and Michael Stark: Lost $257,000
11. D E Shaw – D. E. Shaw: Lost $206,000
12. Citadel Investment Group – Ken Griffin: Lost $167,000
13. Soros Fund Management – George Soros: Lost $130,000
DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in CTRP since the end of June. We did not take into account their option positions.