14-07-2025
Ex-Coatue Trader's Long Bets on Tech Fuel 16.7% First-Half Gain
Sylebra Capital — the stock-picking hedge fund founded by former Coatue Management partner Daniel Gibson — gained 16.7% in the first half of this year, erasing a 7.8% first-quarter loss, according to people familiar with the matter.
That was fueled by some of the firm's biggest holdings — renewable plastics company PureCycle Technologies Inc. and Aeva Technologies Inc., a maker of special sensors — which surged 98% and 440%, respectively, during the second quarter. Sylebra's long book gained 58% in the period, while its short portfolio slumped 30%, the people said, asking not to be identified discussing confidential details.
