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Chase Coleman’s Tiger Global Wins with Shorts in Q1, Cuts Magnificent Seven Exposure in Half Ahead Of Crash

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Michelle deBoer-Jones
Published on
Updated on
Tiger Global Top Contributors
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Tiger Global’s public funds reported net gains for the first quarter, outperforming the market. TGI gained 2.5%, while TGX added 2.9%, and TGLO returned 0.4%. The firm’s public long positions generated alpha but were off slightly for Q1, with all of Tiger Global’s gains coming from TGI’s short book, which also contributed alpha.

The firm’s private holdings also generated gains during Q1 with the biggest increases coming from OpenAI, Stripe, Scale AI, ByteDance and Databricks.

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Slashing net exposure

Like many other funds, Chase Coleman’s Tiger Global cut its net exposure during the first quarter, although it slashed its net exposure by more than a third. Due to significant uncertainty around the recent policy...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.