Tiger Global cuts stakes in most of its portfolio

Reuters

Mon, Aug 15, 2022, 3:26 PM

NEW YORK, Aug 15 (Reuters) - Investment firm Tiger Global Management, which has lost billions of dollars in this year's technology meltdown, slashed or completely exited most of its holdings in the second quarter, from Robinhood to Zoom Video Communications Inc and Coinbase Global Inc , according to a filing on Monday.

Chase Coleman's hedge fund only added a few new stakes last quarter, including in Alphabet Inc. It increased its position in Meta Platforms and Shopify Inc.

(Reporting by Kanika Sikka in Bangalore and Carolina Mandl in New York)

Forget Nvidia: Members of Congress Are Scooping Up Shares of Its Core Rival Instead
There's a much more popular AI stock on Capitol Hill than the leading AI chip maker.
Motley Fool•6h ago
Trump to set interest rates himself under secret presidential plan
Donald Trump’s aides have drawn up secret plans to oust the chairman of the Federal Reserve and allow the president to set interest rates, according to reports.
The Telegraph•22h ago
Nvidia Owns a 3.4% Stake in This Innovative Artificial Intelligence (AI) Stock Cathie Wood Loves
The $50 million purchase could turn into Nvidia's biggest investment.
Motley Fool•2h ago
2 Stock-Split Stocks to Buy Hand Over Fist Right Now
These proven wealth builders could be exactly what you're searching for right now.
Motley Fool•1d ago
Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.
MarketWatch•1d ago
Walmart CEO started his career unloading trailers at the warehouse—he says he got promotion after promotion by raising his hand when his boss was out of town
Walmart's CEO went from earning $6.50 an hour to $25 million a year—here are his three tips for climbing the corporate ladder like him
Fortune•1d ago
Why I Just Added This Ultra-High-Yield Dividend ETF to My Retirement Account
The JPMorgan Nasdaq Equity Premium Income ETF offers a compelling blend of income and upside to my portfolio.
Motley Fool•8h ago
U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’ about money?
Jamie Dimon and Jerome Powell are taking the European viewpoint on soaring debt levels in the U.S.
Fortune•1d ago
Worried About a Stock Market Sell-Off? Buy This Top Vanguard ETF
There are benefits to investing in stocks that have reasonable multiples and aren't as dependent on future earnings growth to justify their valuations.
Motley Fool•3h ago
Analysts revamp Microsoft stock price target after earnings
Here's what could happen next to Microsoft shares.
TheStreet•16h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Tiger Global cuts stakes in most of its portfolio

Recommended Stories

Forget Nvidia: Members of Congress Are Scooping Up Shares of Its Core Rival Instead

Trump to set interest rates himself under secret presidential plan

Nvidia Owns a 3.4% Stake in This Innovative Artificial Intelligence (AI) Stock Cathie Wood Loves

2 Stock-Split Stocks to Buy Hand Over Fist Right Now

Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices

Walmart CEO started his career unloading trailers at the warehouse—he says he got promotion after promotion by raising his hand when his boss was out of town

Why I Just Added This Ultra-High-Yield Dividend ETF to My Retirement Account

U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’ about money?

Worried About a Stock Market Sell-Off? Buy This Top Vanguard ETF

Analysts revamp Microsoft stock price target after earnings