Tiger Global Management, led by Chase Coleman, made a significant portfolio pivot in Q3, slashing its stake in Meta Platforms by 62.6% — a move closely watched across the hedge fund world.
🔍 Key Highlights
- Meta stake reduced to 2.8 million shares, worth ~$2.1B as of Sept. 30.
- Complete exits from:
- Eli Lilly
- Novo Nordisk
- CrowdStrike
- New positions added:
- Netflix
- Klarna (Buy-Now-Pay-Later fintech)
📉 Performance Context
Tiger Global ended the first half of 2025 up ~4.5%, trailing many leading multi-strategy hedge funds — a possible signal behind the sharper repositioning.
🧭 Strategic Read
The aggressive cut in Meta and rotation into Netflix and Klarna suggests:
- A shift toward consumer-facing growth plays,
- Reduced conviction in mega-cap tech valuations,
- Renewed appetite for digital platforms with strong user engagement.
Tiger Global, a descendant of Julian Robertson’s legendary Tiger Management, remains one of the most influential “Tiger Cubs” — and its portfolio moves often signal broader hedge fund sentiment.