U.S. Markets closed

Chase Coleman Trims Spotify, Exits Booking Holdings

Chase Coleman (Trades, Portfolio), founder of Tiger Global Management, manages a $19 billion equity portfolio that is mostly concentrated on the technology and consumer cyclical sectors.

dc1ceb6a5efc33c5898691df6182c6b7.png

During the second quarter, he sold shares of the following stocks.

The guru trimmed his Spotify Technology SA (NYSE:SPOT) stake by 49.27%. The portfolio was impacted by -3.10%.

d2787381b25b059a52d9060f2d650ccd.png

The company, which provides music streaming services, has a market cap of $23.80 billion and an enterprise value of $22.69 billion.


GuruFocus gives the company a profitability and growth rating of 1 out of 10. While the return on equity of 14.76% is outperforming the sector, the return on assets of 5.95% is underperforming 58% of companies in the Online Media industry. Its financial strength is rated 4.4 out of 10. The cash-debt ratio of 2.89 is below the industry median of 4.1.

The largest guru shareholder of the company is Coleman with 2.30% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.30% and Ron Baron (Trades, Portfolio) with 0.27%.

The investor exited his Booking Holdings Inc. (NASDAQ:BKNG) position. The portfolio was impacted by -2.73%.

207de6083546edec7c75215a8ebb292d.png

The online travel agency has a market cap of $82 billion and an enterprise value of $83.97 billion.


GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 50.17% and return on assets of 17.89% are outperforming 94% of companies in the Travel and Leisure industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.74 is above the industry median of 0.46.

The largest guru shareholder of the company is Dodge & Cox with 3.39% of outstanding shares, followed by Steve Mandel (Trades, Portfolio) with 0.76% and Pioneer Investments (Trades, Portfolio) with 0.65%.

The StoneCo Ltd. (NASDAQ:STNE) stake was reduced by 81.55%, impacting the portfolio by -1.97%.

ae95b05e7bb249634e2f2b3192d7b24d.png

The software company has a market cap of $8.41 billion and enterprise value of $7.99 billion

GuruFocus gives the company a profitability and growth rating of 1 out of 10. While the return on equity of 16.31% is outperforming the sector, the return on assets of 4.77% is underperforming 68% of companies in the Application Software industry. Its financial strength is rated 4.6 out of 10. The cash-debt ratio of 2.29 is below the industry median of 2.82.

The largest guru shareholder of the company is Warren Buffett (Trades, Portfolio) with 5.11% of outstanding shares, followed by Lee Ainslie (Trades, Portfolio) with 0.94% and Mandel with 0.91%.

Read more here:

  • 5 Stocks Outperforming the S&P 500
  • 7 Stocks Barrow, Hanley, Mewhinney & Strauss Keeps Buying
  • Alan Fournier Exits Athene, Trims Alphabet



Coleman exited his Domino's Pizza Inc. (NYSE:DPZ) holding. The trade had an impact of -1.75% on the portfolio.

d336c555874583d9481206909518ff3b.png

The pizza chain has a market cap of $9.17 billion and an enterprise value of $12.73 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on assets of 37.33% is outperforming 98% of companies in the Restaurants industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.47.

Simons' firm is the company's largest guru shareholder with 5.43% of outstanding shares, followed by Mandel with 2.91% and Ken Fisher (Trades, Portfolio) with 1.89%.

The guru reduced his JD.com Inc. (NASDAQ:JD) stake by 8.64%. The portfolio was impacted by -0.83%.

44714f0c2b82207d0ef877e267153cb8.png

The e-commerce company has a market cap of $44.14 billion and an enterprise value of $38.59 billion.


GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 9.77% and return on assets of 2.83% are underperforming 69% of companies in the Retail - Apparel and Specialty industry. Its financial strength is rated 5.7 out of 10. The cash-debt ratio of 3.41 is above the industry median of 0.54.

The largest guru shareholder of the company is Coleman with 3.64% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 2.19% and Dodge & Cox with 1.74%.

The firm curbed its Eventbrite Inc. (NYSE:EB) holding by 40.65%. The portfolio was impacted by -0.61%.

eae0f58647c2ceeb117b1fb0ac373651.png

The company, which operates an event management and ticketing website, has a market cap of $1.51 billion and an enterprise value of $1.10 billion.


GuruFocus gives the company a profitability and growth rating of 1 out of 10. The return on equity of -19.46% and return on assets of -8.72% are underperforming 100% of companies in the Application Software industry. Its financial strength is rated 5.1 out of 10. The cash-debt ratio of 5.60 is above the industry median of 2.82.

Another notable guru shareholder of the company is Jeremy Grantham (Trades, Portfolio) with 1.23% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.37% and Frank Sands (Trades, Portfolio) with 0.29%.

Disclosure: I do not own any stocks mentioned.

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

This article first appeared on GuruFocus.