Chase Coleman's Strategic Moves: Apollo Global Management Inc. Sees Significant Reduction
Warning! GuruFocus has detected 2 Warning Sign with META.
Chase Coleman (Trades, Portfolio) added a total of 5 stocks, among them:
The most significant addition was AppLovin Corp (NASDAQ:APP), with 1,668,240 shares, accounting for 1.66% of the portfolio and a total value of $442.03 million.
The second largest addition to the portfolio was Zillow Group Inc (NASDAQ:Z), consisting of 5,215,000 shares, representing approximately 1.34% of the portfolio, with a total value of $357.54 million.
The third largest addition was GE Vernova Inc (NYSE:GEV), with 1,055,294 shares, accounting for 1.21% of the portfolio and a total value of $322.16 million.
Chase Coleman (Trades, Portfolio) also increased stakes in a total of 14 stocks, among them:
The most notable increase was Veeva Systems Inc (NYSE:VEEV), with an additional 2,042,500 shares, bringing the total to 2,420,500 shares. This adjustment represents a significant 540.34% increase in share count, a 1.78% impact on the current portfolio, with a total value of $560.66 million.
The second largest increase was Microsoft Corp (NASDAQ:MSFT), with an additional 896,700 shares, bringing the total to 6,240,865. This adjustment represents a significant 16.78% increase in share count, with a total value of $2,342.76 million.
Chase Coleman (Trades, Portfolio) completely exited 9 holdings in the first quarter of 2025, as detailed below:
Qualcomm Inc (NASDAQ:QCOM): Chase Coleman (Trades, Portfolio) sold all 1,857,700 shares, resulting in a -1.08% impact on the portfolio.
Datadog Inc (NASDAQ:DDOG): Chase Coleman (Trades, Portfolio) liquidated all 979,400 shares, causing a -0.53% impact on the portfolio.
Chase Coleman (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include:
Reduced Apollo Global Management Inc (NYSE:APO) by 6,062,828 shares, resulting in a -49.4% decrease in shares and a -3.78% impact on the portfolio. The stock traded at an average price of $153.77 during the quarter and has returned -11.31% over the past 3 months and -12.57% year-to-date.
Reduced Uber Technologies Inc (NYSE:UBER) by 2,446,700 shares, resulting in a -94.18% reduction in shares and a -0.56% impact on the portfolio. The stock traded at an average price of $72.04 during the quarter and has returned 13.52% over the past 3 months and 49.47% year-to-date.
At the first quarter of 2025, Chase Coleman (Trades, Portfolio)'s portfolio included 45 stocks, with top holdings including 16.18% in Meta Platforms Inc (NASDAQ:META), 8.81% in Microsoft Corp (NASDAQ:MSFT), 7.87% in Sea Ltd (NYSE:SE), 5.99% in Alphabet Inc (NASDAQ:GOOGL), and 4.71% in Amazon.com Inc (NASDAQ:AMZN).
The holdings are mainly concentrated in 8 of the 11 industries: Communication Services, Technology, Consumer Cyclical, Healthcare, Financial Services, Basic Materials, Industrials, and Real Estate.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
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Chinese stocks have risen in recent months, helped by strong domestic liquidity and despite a lack of major catalysts. Bloomberg News reports: Read more here. The best points I have heard this morning on CoreWeave CoreWeave (CRWV) was teed up to let down investors last night. And it did on several fronts. First, the company's net loss was much higher than consensus. Second, capital expenditures were a whopping $1 billion higher sequentially. And third, capex may climb another $500 million in the current quarter. While I appreciate the company's revenue backlog of $30.1 billion doubled year over year, the company's mixed results and high debt load are real causes for concern. Hence, the sharp pre-market pullback. Here are two important call outs this morning from DA Davidson analyst Gil Luria: CoreWeave (CRWV) was teed up to let down investors last night. And it did on several fronts. First, the company's net loss was much higher than consensus. 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