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Value of stocks Tiger Global Management held was more than halved during the second quarter

·1 min read
Value of stocks Tiger Global Management held was more than halved during the second quarter

The value of hedge fund Tiger Global Management's equity holdings was more than halved during the second quarter, to $11.93 billion as of June 30 from $26.64 billion as of March 31. The reduced holdings come as the S&P 500 dropped 16.5% during the second quarter. Among some of the changes Tiger made to its portfolio during the quarter, it cut it's stake in China-based electric vehicle maker XPeng Inc. to 4.36 million shares from 13.72 million shares and reduced its Coinbase Global Inc. holding t