Julian Robertson's Buy-on-dip Strategy Hasn't Worked Yet For Lumber Liquidators, DeVry Or GrubHub | Fox Business

Hedge fund Tiger Management, which manages the personal assets of founder Julian Robertson, indicated in a filing Friday that the value of its equity holdings at the end of June was $708.3 million, up 19% from the end of March. The S&P 500 slipped 0.2% over that same time. Among some of the changes made during that time: Tiger added a new 238,000-share position in Lumber Liquidators , a new 861,000-share position in DeVry Education and a 31,600-share position in GrubHub , as each of those stocks had fallen sharply from the end of March through June. The buy-on-dip strategy hasn't worked out for Robertson yet--since the end of June, the shares of Lumber Liquidators have tumbled 32%, DeVry have lost 8.8% and GrubHub have shed 10%. Meanwhile, Tiger more than doubled its holding of Google Inc. to 56,501 shares, and the stock has climbed 27% so far this quarter, while he got rid of his 636,878-share stake in Alibaba Group Holding , before it fell another 9.2% since June 30.