Top Performer Sosin Partners Braces for Possible Roadblock

Shares of Carvana, which accounts for 75 percent of the concentrated hedge fund’s assets, plunged by a double-digit percentage on Wednesday.

Car in the middle of a road with cars parked on either side, Scotland, UK

keithsutherland/Getty Images/RooM RF

One of the hottest hedge funds in recent years may finally have hit a speed bump.

Sosin Partners was up 17 percent in January after gaining more than 94 percent in 2024. However, it is bracing for a big setback on Thursday as shares of online used-car company Carvana dropped more than 12 percent in after-hours trading on Wednesday.

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