Meta Remains Tiger Global's Top Holding as Fund Makes Aggressive Tech Bets
Tiger Global Management LLC is taking bold risks. Chase Coleman's hedge fund made aggressive fourth-quarter 2024 bets on high-growth names while shedding some underperformers, signaling a clear preference for tech and digital dominance.
Big Buys: Betting On Disruption
Tiger Global’s latest 13F filing shows that as of Dec. 31, 2024, it increased its stakes in several growth stocks, with Spotify Technology SA (NYSE:SPOT) leading the charge—a 2.13% increase in its portfolio weighting.
The fund also jumped on Reddit Inc (NYSE:RDDT) ahead of its much-anticipated public momentum, boosting its position by 1.11%.
Cybersecurity leader Zscaler Inc (NASDAQ:ZS) and e-commerce giant PDD Holdings Inc (NASDAQ:PDD) also saw meaningful increases, reinforcing Tiger's focus on digital transformation.
Read Also: 5 Top Tech Stocks Hedge Funds Have Been Bullish On In Q4 (Hint: It’s Not Nvidia)
Major Exits: A Health Check On UnitedHealth
The biggest surprise? Tiger Global slashed its UnitedHealth Group Inc (NYSE:UNH) stake by 5.06%, moving away from the insurance titan amid regulatory uncertainties.
Also on the chopping block were Nu Holdings Ltd (NYSE:NU), ZoomInfo Technologies Inc (NASDAQ:ZI) and Toast Inc (NYSE:TOST) – all seeing reductions, albeit on a smaller scale.
The Core Holdings: Meta Still Reigns Supreme
Despite the shake-ups, Tiger's core conviction remains clear: Meta Platforms Inc (NASDAQ:META) still dominates its portfolio, making up 16.52% of its holdings.
Other tech titans like Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) and Apollo Global Management (NYSE:APO) round out the top positions, showcasing a clear tilt toward AI, cloud computing, and digital media.
The Takeaway: Tiger's Tech-Forward Playbook
Tiger Global's fourth-quarter strategy signals a full-speed-ahead approach to tech, AI, and digital consumer trends while dialing back on legacy finance and healthcare.
With AI-driven companies and disruptive digital platforms leading the portfolio, Coleman’s fund continues to invest heavily in technology’s future – systematically removing exposure to declining sectors.
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