NEW YORK, Nov 14 (Reuters) – Tiger Global Management, the hedge fund founded and led by Chase Coleman, slashed its stake in Facebook parent Meta Platforms (META.O), opens new tab during the third quarter, according to a filing released on Friday.
During the quarter ended September 30, Tiger Global reduced its holdings in Meta by 62.6% to 2.8 million of the company’s shares, valuing the stake at about $2.1 billion. The firm also dissolved its positions in some other high-profile names including drugmakers Eli Lilly (LLY.N), opens new tab, Novo Nordisk (NOVOb.CO), opens new tab and cybersecurity firm CrowdStrike (CRWD.O), opens new tab.
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Tiger Global, which is an offshoot of famed investor Julian Robertson’s firm and is part of a cohort of stock-picking funds popularly known as Tiger Cubs, took new positions in streaming giant Netflix (NFLX.O), opens new tab and buy-now-pay-later firm Klarna (KLAR.N), opens new tab.
Tiger Global ended the first half of 2025 up roughly 4.5%, trailing most of its top multi-strategy fund peers.
Reporting by Anirban Sen in New York; Editing by Matthew Lewis
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Anirban Sen is the Editor in Charge of Market Structure at Reuters in New York where he leads the news agency’s coverage of stock exchanges, and market-making firms including Jane Street and Citadel Securities. Previously Anirban was M&A Editor at Reuters, leading a team of reporters who regularly broke market-moving news about the biggest deals in corporate America. Some of his scoops have included Mars’ $36 billion deal for snack maker Kellanova, design software firm Synopsys’ $35 billion deal for Ansys, and buyout firm GTCR’s $18.5 billion deal for merchant services provider Worldpay. In 2023, Anirban was part of a Reuters team that won a Gerald Loeb Award for the agency’s coverage of the collapse of FTX. After starting with Reuters in Bangalore in 2009, he left in 2013 to work as a technology deals reporter in several leading business news outlets in India, including The Economic Times and Mint. Anirban rejoined Reuters in 2019 as Editor in Charge, Finance, to lead a team of reporters in India, covering everything from investment banking to venture capital.
