Latest news with #ChaseColeman
Business Insider
3 days ago
- Business
- Business Insider
Tiger Global explains its comeback after its 56% loss in 2022 — and why it sees itself in Rory McIlroy
As Tiger Global nears its 25th anniversary, the New York-based stockpicker is ready to move on from its recent past and return to its roots. The $50 billion manager, founded and run by billionaire Chase Coleman, posted back-to-back annual losses in 2021 and 2022, with the latter being a 56% swoon that brought about "enhanced risk management processes," the firm's investment team told investors in an April letter seen by Business Insider. The results since then: A two-year resurgence for one of the original Tiger Cubs, with gains of 28.5% and 24% in 2023 and 2024, respectively. The letter notes the firm was up 2.5% in its hedge fund in 2025's volatile first quarter. "Regular reviews of market and macro variables," including stress tests of each holding, have helped the firm get back on track and lets the investment team be "intently focused on playing our game — relying on the fundamental research process we have refined over decades, visualizing a wide range of outcomes, and prioritizing resilience across the companies we own," the letter states. The letter notes that the investment team has "stepped up the cadence of internal communication" and become "avid users" of OpenAI's Deep Research agent. Tiger Global is an investor in the AI pioneer. The firm compared its response to its poor stretch to the perseverance of pro golfer Rory McIlroy, the winner of this year's Masters tournament. McIlroy nearly blew a big lead before rallying to win in a do-or-die scenario after a lighthearted pep talk from his caddy. "Like Rory, we expect to make some double bogeys as investors," Tiger's team said, acknowledging that missteps and losses are part of the game. "But by relying on our research process and approaching every day with resilience and a prepared mind, we know we will make many more birdies and eagles over time and hopefully win some more championships along the way." With a "battle-tested" investment approach, the firm told LPs its process can handle the choppiness brought on by tariffs and other geopolitical tremors. "In markets like these, with high volatility and rapidly changing underlying fundamentals, we need to widen our bands on company performance and expect to be wrong on individual ideas from time to time," the letter states. For now, the investment team said that it is "head-down" on executing its process. "We know that doing the deep research to build the conviction to defend positions when they move against us is of paramount importance, so that we maximize returns from being right over the long run."
Yahoo
4 days ago
- Business
- Yahoo
Billionaires Philippe Laffont, Chase Coleman, Terry Smith, and Stephen Mandel All Share the Same No. 1 Holding -- and It's Not Nvidia
Quarterly-filed Form 13Fs offer a way for everyday investors to track which stocks Wall Street's leading money managers purchased and sold in the latest quarter. Billionaire fund managers Philippe Laffont, Chase Coleman, Terry Smith (a.k.a., "Britain's Warren Buffett"), and Stephen Mandel all have differing investment styles. The No. 1 holding for these esteemed billionaire asset managers offers a laundry list of competitive advantages. 10 stocks we like better than Meta Platforms › For many investors, earnings season is the pinnacle of each quarter. It's a six-week period that provides an under-the-hood look at how well a majority of the most-influential public businesses driving the stock market higher or lower have performed. But it can be argued that the quarterly filing of Form 13Fs with the Securities and Exchange Commission (SEC) is just as important. A 13F is a required filing no later than 45 calendar days following the end to a quarter for institutional investors overseeing at least $100 million in assets under management. May 15 marked the deadline for money managers to file their 13F with the SEC. This filing details which stocks and exchange-traded funds (ETFs) Wall Street's brightest asset managers have been buying and selling. Even though 13F data can be stale for active hedge funds, they're nevertheless insightful in helping investors weed out which stocks, industries, sectors, and trends have the attention of the world's smartest fund managers. Based on first-quarter 13Fs, an interesting quirk emerged: One stock stood out as the largest holding for billionaires Philippe Laffont of Coatue Management, Chase Coleman of Tiger Global Management, Terry Smith of Fundsmith (aka, "Britain's Warren Buffett"), and Stephen Mandel of Lone Pine Capital. With thousands of publicly traded companies and ETFs to choose from, there's a statistically small probability that four prominent billionaire money managers are going to settle on the same stock as their respective fund's top holding. Things get even weirder when you realize that all four fund managers have differing investment styles: Philippe Laffont oversees $22.7 billion at Coatue Management and is prominently known for his focus on large-cap growth stocks and Wall Street's hottest trends, such as artificial intelligence (AI). Chase Coleman is managing roughly $26.6 billion at Tiger Global and also favors growth stocks, but with more of flair for small caps. Terry Smith is guiding the investment of $22 billion in capital at Fundsmith and is known as a diehard value investor, much like Warren Buffett. Stephen Mandel is managing close to $11.6 billion at Lone Pine and tends to put his fund's capital to work in a mix of growth stocks and companies exacting turnarounds. Most investors would probably be inclined to believe that AI colossus Nvidia (NASDAQ: NVDA) is the company all four billionaires have settled on as their top holding. Nvidia touches on Laffont's love for hot Wall Street trends; it's a growth stock that Coleman and Mandel can rally around; and its shares dipped to a forward price-to-earnings (P/E) ratio of 19 during the stock market's first-quarter swoon, which is its cheapest forward P/E in years (i.e., Terry Smith would possibly be interested). Furthermore, Nvidia offers a seemingly sustainable moat that top-tier money managers love to put their capital behind. Its Hopper (H100) graphics processing unit (GPU) and Blackwell GPU architecture are the leading options deployed in AI-accelerated data centers. No direct AI-GPU developer has come particularly close to matching the compute abilities or innovation timeline of Nvidia. But Nvidia isn't the correct answer. However, the stock in question is most definitely "Magnificent." Few companies check all the right boxes for billionaires Philippe Laffont, Chase Coleman, Terry Smith, and Stephen Mandel -- but social media maven Meta Platforms (NASDAQ: META), which is a member of the "Magnificent Seven" alongside Nvidia, fits the mold. Based on the latest round of 13F filings, Meta was the clear No. 1 holding by market value for all four billionaires and respectively accounted for: Coatue Management: 9.55% of invested assets Tiger Global Management: 16.18% of invested assets Fundsmith: 10.19% of invested assets Lone Pine Capital: 8.75% of invested assets Since its initial public offering (IPO) in May 2012, shares of Meta Platforms have increased by 1,570%, as of this writing. These gains have been made possible by four factors, all of which have probably played at least some role in making Meta the No. 1 holding for four highly successful billionaire asset managers. The first variable working in Meta's favor is its foundational social media platforms. Collectively, the company's family of apps, which includes Facebook, WhatsApp, Instagram, Threads, and Facebook Messenger, helped lure an average of 3.43 billion daily active people during March 2025. No other social media company comes remotely close to this figure, which affords Meta a superior level of ad-pricing power. Secondly, but building on this first point, Meta's operating performance and stock tend to ebb-and-flow with the health of the U.S. economy. Almost 98% of the company's net sales can currently be traced to advertising. Since the average U.S. economic expansion lasts considerably longer than the typical recession, Meta's ad-driven core is well-positioned to thrive over long periods. The third variable likely luring all four billionaire investors is Meta's addressable market for artificial intelligence. It's already deploying generative AI solutions into its ad platforms to allow businesses to tailor unique message(s) to users of its apps. But Meta is also investing aggressively in the future, which more than likely includes the company acting as a leading on-ramp to the metaverse -- the 3D digital world where people can interact with each other and their surroundings. CEO Mark Zuckerberg has a knack for holding back on monetizing new innovations until the time is right. The fourth and final reason Philippe Laffont, Chase Coleman, Terry Smith, and Stephen Mandel likely piled into Meta stock is the company's cash-rich balance sheet. Meta ended March with north of $70 billion in cash, cash equivalents, and marketable securities, and generated $24 billion in net cash from its operating activities through just the first three months of the year. It can invest in higher-growth initiatives and take risks that few other companies can match. With Meta Platforms expected to sustain a mid-teens sales growth rate, its forward P/E ratio of 22 remains quite attractive. Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Meta Platforms wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Sean Williams has positions in Meta Platforms. The Motley Fool has positions in and recommends Meta Platforms and Nvidia. The Motley Fool has a disclosure policy. Billionaires Philippe Laffont, Chase Coleman, Terry Smith, and Stephen Mandel All Share the Same No. 1 Holding -- and It's Not Nvidia was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Tiger Global's Chase Coleman Just Dumped Datadog and Piled Into This Beaten-Down Payments Stock
Chase Coleman is a "Tiger Cub," one of the investors to work under Julian Robertson at Tiger Management before he launched his own hedge fund. Coleman has decades of experience investing in tech stocks. Coleman's fund recently turned its attention to a large payments stock that has been crushed by economic headwinds. 10 stocks we like better than Block › Hedge fund manager Chase Coleman has been investing in the tech sector for decades now. Known as a "Tiger Cub," Coleman worked at Tiger Management under famed investor Julian Robertson as a research analyst in 1997. Then in 2001, he went on to found Tiger Global, which manages $50 billion in total assets, including a roughly $26.5 billion public equities portfolio. Given Coleman's breadth of knowledge, particularly in the tech sector, it's worth keeping an eye on the stocks that Tiger Global is buying and selling. In the first quarter of 2025, Tiger Global dumped its stake in Datadog (NASDAQ: DDOG) and piled into beaten-down payments stock Block (NYSE: XYZ). Datadog is a cloud monitoring and security platform that enables businesses to keep an eye on their entire tech stack with real-time data and automation, making managing the complex task simpler. This effectively makes operating on the cloud much easier, letting more companies make the leap. It's a good niche to be these days, considering the risks that companies moving to the cloud face. Since going public in 2019, Datadog has performed well and its stock is up 220% (as of May 21). However, many tech stocks often find themselves a victim of their own success because their valuations climb rapidly, making their margin for error slimmer. Earlier this year, Datadog forecast first-quarter revenue and full-year revenue below what Wall Street analysts had expected, and the stock plunged. The stock also struggled through late March and early April, likely due to President Donald Trump's "Liberation Day." While Datadog is not affected by tariffs in the same way a company that produces physical goods might be, a broader economic slowdown would likely push off the ability of companies to take on expensive tech projects. In its first-quarter earnings report, Datadog raised its full-year projection, showing that its products and services are still very much in demand. Still, the stock is by no means cheap, meaning investment managers, particularly those looking 12 to 18 months out, really need to have full conviction if they are going to buy the shares. While Tiger Global was unlading Datadog, it purchased roughly 1.88 million shares in the consumer and merchant payments company Block. Block was viewed as a pandemic darling in 2020 and 2021, primarily because e-commerce and digital payments ballooned during the lockdowns. Additionally, consumers' savings increased due to government stimulus, low interest rates made borrowing easier, and people had plenty of money to spend from home with the economy more or less shut down. This translated into heavier payments volume for Block. But troubles this year hit hard and fast, pushing the stock down about 30% this year, well below the broader market's performance. In the first quarter, gross payment volume (GPV) at the company fell more than 8% from the prior quarter, while revenue in the company's Square merchant payment processing business and Cash App also fell from the prior quarter. Block's performance is heavily influenced by the economy, and concerns about weaker consumer spending and a potential recession are still quite relevant. Management also lowered its 2025 outlook, telling analysts to expect a 19% gross margin this year instead of the 21% it had previously predicted. "We saw changes to consumer spending as the quarter progressed that we believe drove the majority of our forecast miss," Chief Executive Officer Jack Dorsey wrote in quarterly shareholder letter. After the quarterly results earlier this month, Benchmark analyst Mark Palmer downgraded the stock from a "buy" rating to "hold," according to Barron's. Palmer said Block's Cash App should be resonating with lower-income customers right now as opposed to traditional bank accounts, given the economic uncertainty. "As such, we find stagnation in the number of active users of the app even more concerning than users' reduced spending on their Cash App Cards," he said in a research note. Square also faces stiffer competition from the likes of Toast and Shift4 Payments. Although Block has struggled, concerns about a recession have come down a bit since early May due to the increased likelihood of trade agreements and lower tariff rates, so some of the market's concerns are likely priced in to the stock. Furthermore, with Block's forward earnings multiple now below 20, it is much more likely that better-than-expected earnings or positive economic changes lead to a strong rebound. Before you buy stock in Block, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Block wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block, Datadog, Shift4 Payments, and Toast. The Motley Fool has a disclosure policy. Tiger Global's Chase Coleman Just Dumped Datadog and Piled Into This Beaten-Down Payments Stock was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Trump to sign executive order boosting nuclear power use, Reuters says
President Trump is expected to sign executive orders on Friday that seek to jumpstart the use of nuclear energy, Reuters reports, citing sources familiar with discussions. The orders will seek to ease the regulatory process on approvals for new reactors and strengthening fuel supply chains, the report states. Publicly traded companies in the space include Oklo (OKLO), Nuscale Power (SMR), Nano Nuclear Energy (NNE), BWX Technologies (BWXT) and Constellation Energy (CEG). Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on OKLO: Disclaimer & DisclosureReport an Issue Oklo Inc. Earnings Call: Strategic Growth Amid Challenges Chase Coleman's Tiger Global buys Zillow, boosts PDD in Q1 Oklo Inc. Reports Q1 2025 Financial Results Oklo rises 17.5% Oklo Stock Rockets on 'Tremendous' AI Energy Potential Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
23-05-2025
- Business
- Globe and Mail
These AI Stocks Soared 270% to 1,400% in 5 Years, but Billionaires Keep Buying
Artificial intelligence (AI) is a game-changing technology, where the right stocks could earn investors handsome gains. But as with any technology that comes along, investors will need to watch for companies that fail to live up to the hype. This is where following the stock picks of billionaire investors could prove very helpful. These investors have had successful investing careers, and they generally don't invest in a company until they have completed exhaustive research into its competitive position, risks, and return prospects. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Fortunately, billionaire fund managers are required to report their holdings on Form 13F every quarter. The latest round of 13Fs revealed prominent billionaires still buying shares of two high-flying chip stocks in the first quarter. 1. Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing (NYSE: TSM) is the leading chip manufacturer in the world. It controls more than 60% of the global foundry market, as it makes chips for leading chip companies, including Nvidia (NASDAQ: NVDA). Growing demand for chips used for AI workloads in data centers has helped send the stock up 279% over the past five years, and its run may not be over. Three notable billionaires were buying shares in the first quarter. David Tepper of Appaloosa Management, Stephen Mandel of Lone Pine Capital, and Chase Coleman of Tiger Global Management were adding to their firm's stakes. The company's strong first quarter amid uncertainty over the economy is pointing to tremendous momentum in the AI market. Demand for AI chips remained robust in the first quarter. Revenue and earnings grew 35% and 60% year over year, and TSMC is making significant investments in expanding capacity to support long-term demand. TSMC recently unveiled its A14 logic process technology, representing a step forward from its current 2-nanometer (N2) process. The A14 delivers a 15% increase in performance with a 30% power savings over the N2 and is scheduled to enter production in 2028. These billionaires are making a bet that TSMC is benefiting from sustainable demand in the AI market. They are obviously aware of the semiconductor industry 's historical cyclicality, and some of that cyclical nature revealed itself last quarter, as not all the markets that TSMC sells into are experiencing strong demand right now. For example, seasonal softness in smartphone demand caused TSMC's revenue to fall 5% over the previous quarter. It also experienced a small setback in chip production following a recent earthquake that disrupted operations. Over the long term, the increasing use of more technologically advanced devices and data centers for AI should create opportunity for TSMC. The growing need for more advanced chips is why the stock has delivered market-beating returns over the last decade, and it could repeat that performance. TSMC forecasts AI chip sales to double in 2025 and grow at an annualized rate of 40% through 2028. Considering this forecast, the stock looks compelling, trading at a reasonable 21 times this year's earnings estimate, while analysts expect earnings to grow at an annualized rate of 21%. 2. Nvidia TSMC's long-term outlook for AI chip sales bodes well for Nvidia. Its graphics processing units (GPUs) are the gold standard in the AI chip market. The stock has rocketed 1,400% over the past five years, yet a few billionaires still see upsides. In the first quarter, Chase Coleman added to his firm's stake, while Daniel Loeb of Third Point established a new position in the stock. Nvidia is coming off an incredible year, where its revenue more than doubled to $130 billion. Based on a strong outlook for Nvidia's new chips going into production, analysts expect the company's revenue to increase by 53% to nearly $200 billion in the current fiscal year. Its new Blackwell computing platform designed for the most advanced AI workloads is already raking in billions in revenue, and the company is racing to raise supply to meet demand. Even Nvidia's automotive chips for self-driving cars are seeing strong demand, with revenue expected to triple this year to $5 billion. One risk for Nvidia is companies pursuing cheaper alternatives than buying its GPUs. Some of Nvidia's customers, including Amazon and Alphabet 's Google, have invested in their own chips for AI. Custom chip solutions can perform more efficiently at specific computing tasks and save money over Nvidia's general-purpose GPUs that can cost tens of thousands of dollars per unit. Coleman and Loeb are obviously betting that data centers will continue to need Nvidia's GPUs. With Nvidia's software, companies can tailor these GPUs to work with a number of use cases. Nvidia just made a flurry of announcements at the recent Computex conference that show its GPU technology becoming more entrenched in companies' AI investment plans. For example, Nvidia and Microsoft are working together on agentic AI, an advanced form of AI that can make decisions without a human prompt. Perhaps the most important announcement from Nvidia was the introduction of NVLink Fusion, which will allow customers to integrate chips from other chipmakers alongside Nvidia's GPUs in data centers. This strategy could ultimately expand the addressable market for Nvidia's chips, while protecting its lead in the AI market. Despite these positive developments, the stock trades at a forward price-to-earnings ratio of 30, which seems on the low side for a company that analysts expect to grow earnings at a 35% annualized rate. Given Nvidia's lead in GPUs, the stock could hit new highs this year and still deliver market-beating returns over the next few years. Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Taiwan Semiconductor Manufacturing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor 's total average return is962% — a market-crushing outperformance compared to169%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Ballard has positions in Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
