Tiger Global Significantly Reduced Its Meta Shares

Tiger Global Management, the hedge fund founded by renowned investor Chase Coleman, significantly reduced its stake in Meta Platforms, the parent company of Facebook, during the third quarter.

In the quarter ending September 30, Tiger Global decreased its share of Meta stock by 62.6%, bringing it down to 2.8 million shares. This share value is reported to be approximately $2.1 billion. Additionally, the fund completely closed its positions in several other well-known companies, including pharmaceutical giants Eli Lilly and Novo Nordisk, as well as the cybersecurity firm CrowdStrike.

Tiger Global is among the investment funds known as Tiger Cubs, a group of firms that separated from the company of famous investor Julian Robertson. The fund decided to take new positions in a streaming giant like Netflix and a "buy now, pay later" company like Klarna during this quarter.

Tiger Global closed the first half of 2025 with a gain of approximately 4.5%, outperforming most of its top multi-strategy fund peers.