Billionaire Chase Coleman dumps Big Tech
Superinvestor Chase Coleman cut his investments in Big Tech stocks in the fourth quarter of 2023, including his positions in Meta, Microsoft, Google, and Nvidia. He added to his investment in Amazon.
Coleman is a billionaire hedge fund manager and the founder of Tiger Global Management. He is one of the most successful investors in the world, and his firm has generated billions of dollars in profits for its investors.
He was born in New York City in 1975 and attended Deerfield Academy and Williams College, where he studied economics.
After graduating from Williams College, Coleman worked as a research analyst at Tiger Management, a hedge fund founded by Julian Robertson.
In 2001, Coleman left Tiger Management to found his hedge fund, Tiger Global Management, alongside other ‘Tiger Cubs’ who split from Robertson to form their own hedge funds.
Coleman is known for his aggressive investment style and has made some of the most successful investments in recent history.
For example, Coleman was an early investor in Facebook, LinkedIn, and Spotify.
In addition to his business interests, Coleman is also a philanthropist. He has donated money to several charities, including the Williams College Museum of Art, the Deerfield Academy, and the Council on Foreign Relations.
He is also a co-founder of the Tiger Foundation, a charity that supports education and poverty alleviation in New York City.
Chase Coleman’s portfolio
Investors managing over $100 million in funds are required by the SEC to file a 13F form within 45 days of the end of the previous quarter. This filing outlines their portfolios and any shares they bought or sold.
Coleman’s portfolio is worth over $14 billion and includes significant positions in prominent companies such as Microsoft, Meta, Amazon, and Google.
However, he cut most of these positions by over 10% while pumping money into Amazon.
Below is a breakdown of the top 20 shares in Coleman’s portfolio as of the end of the third quarter of 2023.
| Company | Percent of portfolio | Change | Value |
| Meta Platforms | 18.8% | Reduce 16.08% | $2,642,361,000 |
| Microsoft | 14.3% | Reduce 12.84% | $2,009,620,000 |
| Apollo Global Management | 8.15% | No change | $1,144,857,000 |
| Take-Two Interactive Software | 5.91% | Reduce 1.9% | $829,886,000 |
| Amazon | 5.28% | Add 24.08% | $741,844,000 |
| Sea | 4.13% | Add 22.37% | $579,967,000 |
| Alphabet (Google) | 4.03% | Reduce 23.96% | $566,712,000 |
| Workday | 3.89% | Reduce 29.8% | $546,940,000 |
| Eli Lily & Co. | 3.69% | Reduce 3.17% | $518,799,000 |
| Nvidia | 3.41% | Reduce 12.86% | $479,549,000 |
| ServiceNow | 2.91% | Reduce 2.49% | $409,520,000 |
| FleetCor Technologies | 2.62% | Add 66.19% | $368,436,000 |
| Lam Research | 2.25% | Add 8.9% | $315,640,000 |
| TSMC | 2.25% | Add 47.69% | $316,679,000 |
| JD.com | 1.81% | Reduce 10.73% | $254,347,000 |
| CrowdStrike Holdings | 1.64% | No change | $229,788,000 |
| Door Dash | 1.55% | Add 79.13% | $217,164,000 |
| Broadcom | 1.45% | Buy | $203,492,000 |
| Elastic | 1.36% | Reduce 1.13% | $190,542,000 |
| Uber Technologies | 1.74% | Add 44.31% | $236,067,000 |
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