The shares billionaire Chase Coleman is buying
In the past quarter, super-investor Chase Coleman dumped two stocks, but a new stock purchase became one of his most valuable shares.
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, with a personal net worth of $5.7 billion (R102.1 billion), according to Forbes.
His firm oversees $51 billion (R913.63 billion) in assets and 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 graduated with a BA in Economics and Spanish.
After graduating from Williams College, Coleman worked as a research analyst at Tiger Management, a hedge fund founded by hedge fund legend Julian Robertson.
Robertson entrusted Coleman with managing over $25 million (today, R447.9 million), making him one of the firm’s “Tiger Cubs”.
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.
Tiger Global’s hedge fund returned an impressive 21% annually for its first two decades but fell more than 50% in 2022.
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
The US’ SEC requires investors managing over $100 million (R1.79 billion) in funds 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.
As of 30 June 2024, Coleman’s portfolio is worth over $21.62 billion (R387.58 billion) and consists of 44 stocks.
It includes significant positions in prominent companies like Microsoft, Amazon, Google, and Meta, its largest investment.
While Tiger Global Management’s top investments remained unchanged, it bought a significant stake in United Health Group, an American multinational health insurance and services company.
While the firm’s portfolio was less active in Q2 than in previous quarters, it still bought stakes in five new companies, increased stakes in four, sold two, and reduced stakes in three.
Below is a breakdown of the top 20 shares in Coleman’s portfolio as of the end of the second quarter of 2024.
| Stock | % of portfolio | Recent activity | Value |
| Meta Platforms Inc. | 17.41 | No change | $3,764,072,000 |
| Microsoft Corp. | 11.04 | No change | $2,388,575,000 |
| Alphabet Inc. | 8.68 | No change | $1,877,748,000 |
| Apollo Global Management | 6.71 | No change | $1,450,513,000 |
| Amazon.com Inc. | 5.65 | No change | $1,221,549,000 |
| NVIDIA Corp. | 5.53 | No change | $1,196,306,000 |
| United Health Group Inc. | 5.53 | Buy | $1,195,539,000 |
| Sea Ltd | 5.30 | Add 6.97% | $1,145,672,000 |
| Take-Two Interactive Software | 4.06 | No change | $877,514,000 |
| Eli Lilly & Co. | 3.89 | Add 4.49% | $842,003,000 |
| Taiwan Semiconductor S.A. | 2.47 | Add 0.85% | $533,751,000 |
| ServiceNow Inc. | 2.11 | No change | $455,997,000 |
| Workday Inc. | 1.94 | No change | $420,346,000 |
| Lam Research | 1.74 | No change | $376,087,000 |
| QUALCOMM Inc. | 1.71 | Buy | $370,017,000 |
| CrowdStrike Holdings Inc. | 1.59 | No change | $344,871,000 |
| Grab Holdings Ltd Cl A | 1.53 | Add 39.10% | $329,879,000 |
| Broadcom Inc. | 1.35 | No change | $292,688,000 |
| Corpay Inc. | 1.29 | Reduce 21.53% | $278,825,000 |
| DoorDash Inc. | 1.10 | No change | $238,882,000 |
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