Hedge Funds Lose After Under Armour Drops 6.13%

Under Armour, Inc. (UA) slid 6.13% today as the S&P 500 dropped 1.7% due to the European debt crisis and the ECB’s deferred action. UA is trading at $77.65 at 1:00 PM EST on Monday, down by $5.05 or 6.13% from its closing price of $82.70 on Friday.

Richard Driehaus

Several hedge funds might lose big due to the price decline. Here is a list of top 10 hedge funds.

1. Tiger Consumer Management – Patrick McCormack: Lost $2,988,863

2. Driehaus Capital – Richard Driehaus: Lost $1,285,528

3. Alyeska Investment Group – Anand Parekh: Lost $1,132,210

4. Balyasny Asset Management – Dmitry Balyasny: Lost $390,870

5. Vinik Asset Management – Jeffrey Vinik: Lost $252,500

6. Sandler Capital Management – Andrew Sandler: Lost $126,250

7. SAC Capital Advisors – Steven Cohen: Lost $99,970

8. Scopus Asset Management – Alexander Mitchell: Lost $84,411

9. Magnetar Capital – Alec Litowitz and Ross Laser: Lost $37,037

10. Advanced Investment Partners – Douglas W. Case: Lost $29,078

DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in UA since the end of September. We did not take into account their option positions.