Latest news with #TigerGlobalManagement
Globe and Mail
22-05-2025
- Business
- Globe and Mail
2 "Magnificent Seven" Stocks Billionaires Are Buying
The " Magnificent Seven" includes some of the most profitable and dominant tech companies in the world. These are financially strong companies with a long history of delivering market-beating returns for shareholders, which is why they have earned the label "magnificent." The most recent quarterly Form 13Fs revealed two notable fund managers buying more shares of Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN) in the first quarter. Let's explore why these billionaires may favor these stocks in 2025. 1. Microsoft One of the most widely held stocks by investment managers is Microsoft. Billionaires Stephen Mandel of Lone Pine Capital and Chase Coleman of Tiger Global Management have held large stakes in Microsoft for several years, and both investors were buying more shares in the first quarter. One reason that may explain why billionaire fund managers like Microsoft right now is the momentum in the company's cloud computing business. Revenue from Microsoft Azure grew 33% year over year in the first quarter, accelerating over the prior quarter's 31% growth rate. "We continue to see strong demand for our cloud and AI offerings as they help customers drive productivity, increase efficiencies, and grow their businesses," Microsoft CFO Amy Hood said. Microsoft Azure is one of the top cloud services providers, and it is building a solid competitive advantage. It continues to expand its data center capacity worldwide. This is helping Azure offer superior regional availability for companies using popular enterprise software vendors like Oracle and SAP. Microsoft has certainly lived up to its label as a Magnificent Seven stock. Its dominance in the software market with Windows and Office has made it one of the most profitable companies in the world, and its growth opportunity in cloud services points to a bright future. Over the last five years, its revenue and earnings per share have roughly doubled, sending its stock higher. However, Microsoft will need to prove to investors that it can translate booming demand for cloud services into higher profits down the road. The capital required to build these data centers has weighed on the company's margins and earnings growth over the past year. On that note, Microsoft came through last quarter, delivering year-over-year earnings growth of 18%. The stock traded as low as 26 times this year's earnings during Q1, when Lone Pine Capital and Tiger Global may have been buying shares. The current forward earnings multiple of 34 is at the high end of the stock's previous trading history. Investors may want to wait for a better price before opening a position. But more results like Microsoft posted last quarter could support new highs. 2. Amazon Stephen Mandel and Chase Coleman also bought more shares of Microsoft's competitor in the cloud market. Amazon dominates the e-commerce market while also operating the leading cloud business with Amazon Web Services. There are a few reasons why these investors like Amazon. Like Microsoft, Amazon Web Services (AWS) has seen strong demand for cloud services. Revenue from AWS accelerated over the past year and grew 17% year over year in Q1. AWS is now generating trailing-12-month revenue of $112 billion, or 19% of Amazon's business. Demand for AI-related services has been growing at triple-digit rates. Amazon is leading the cloud market for similar reasons to why it dominates the U.S. e-commerce market. It is focused on making AI more affordable for businesses by offering its proprietary AI chips, such as Trainium3, that help reduce costs. It also offers tools for building AI applications, such as Amazon Bedrock. Perhaps the most important reason billionaires are buying Amazon shares is that it is growing profits at high rates. Amazon's earnings per share grew 62% year over year in Q1. This primarily reflects cost-saving measures, such as the use of robotics in warehouses to streamline Amazon's retail operation. Amazon has a strong competitive advantage based on over 200 million Prime members, a delivery network, and data center infrastructure to support growing cloud demand. While Microsoft Azure is growing faster than Amazon Web Services, the cloud market is growing around 20% year over year. The insatiable demand for AI services is a rising tide that can lift all boats. On the basis of Amazon's operating cash flow, the stock is trading at a multiple of 19, which is at the lower end of Amazon's trading history. Barring a sudden downturn in the stock market, investors should expect Amazon's stock to deliver solid returns in 2025 and beyond. Should you invest $1,000 in Microsoft right now? Before you buy stock in Microsoft, 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 Microsoft 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. John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Microsoft, and Oracle. 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.
Bloomberg
21-05-2025
- Business
- Bloomberg
Insight Partners-Backed Hinge Health IPO Raises $437 Million
Hinge Health Inc. and a group of investors raised $437 million in the digital physical therapy provider's US initial public offering, pricing shares at the top of a marketed range. The company and backers including Tiger Global Management and Insight Partners sold about 13.7 million shares in aggregate for $32 each, according to a statement Wednesday. The shares were offered for $28 to $32 each.
Yahoo
15-05-2025
- Business
- Yahoo
Chase Coleman's Strategic Moves: Apollo Global Management Inc. Sees Significant Reduction
Chase Coleman (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Chase Coleman (Trades, Portfolio) is the founder of Tiger Global Management, which was established in 2001. As one of the tiger cubs who learned from legendary investor Julian Robertson, the guru is known for his interest in small caps and technology stocks. The firm applies a fundamentally oriented, long-term investment approach. It seeks to invest in high-quality companies that benefit from powerful secular growth trends and are led by excellent management teams. 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 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.
Yahoo
15-05-2025
- Business
- Yahoo
Chase Coleman's Strategic Moves: Apollo Global Management Inc. Sees Significant Reduction
Chase Coleman (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Chase Coleman (Trades, Portfolio) is the founder of Tiger Global Management, which was established in 2001. As one of the tiger cubs who learned from legendary investor Julian Robertson, the guru is known for his interest in small caps and technology stocks. The firm applies a fundamentally oriented, long-term investment approach. It seeks to invest in high-quality companies that benefit from powerful secular growth trends and are led by excellent management teams. 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 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. 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
12-05-2025
- Business
- Globe and Mail
Billionaire Chase Coleman Has 68% of His $24.5 Billion Portfolio Invested in 10 Stocks. Here's the Best of the Bunch.
At age 49, Chase Coleman III is relatively young to be one of the wealthiest people on the planet. But his net worth of $6 billion landed him at No. 581 on Forbes ' 2025 ranking of the world's billionaires. Coleman manages even more money than that $6 billion figure. His Tiger Global Management watches over $46 billion in assets. The hedge fund portion of the business has assets under management of roughly $24.5 billion based on its latest 13F regulatory filing. And 68% of the fund's portfolio is invested in only 10 stocks. Coleman's top 10 Coleman's hedge fund owned 49 stocks as of the end of 2024. Following are his top 10 holdings: Stock Percent of Portfolio 1. Meta Platforms (NASDAQ: META) 16.52% 2. Microsoft (NASDAQ: MSFT) 8.51% 3. Apollo Global Management (NYSE: APO) 7.66% 4. Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) 7.38% 5. Sea Ltd. (NYSE: SE) 6.43% 6. Amazon (NASDAQ: AMZN) 5.32% 7. Nvidia (NASDAQ: NVDA) 4.91% 8. Take-Two Interactive (NASDAQ: TTWO) 4.06% 9. Eli Lilly (NYSE: LLY) 3.82% 10. Flutter Entertainment (NYSE: FLUT) 3.30% Data source: Tiger Global Management 13F filing. Nearly half of the billionaire's top 10 are so-called "Magnificent Seven" stocks. Meta Platforms and Microsoft take the top two spots, with Google parent Alphabet, Amazon, and Nvidia also in the top six. All of Coleman's top 10 holdings are large-cap stocks. The smallest of the group is video game company Take-Two Interactive, which currently has a market cap of a little under $40 billion. Several great candidates I think the hedge fund's top 10 includes several great candidates for long-term investors to buy. We can start at the top of the list with Meta Platforms. A staggering 3.43 billion people on average used the company's Facebook, Instagram, Messenger, and WhatsApp platforms daily in the first quarter of 2025. That's a massive audience that advertisers should continue to find irresistible. Meta could also have a huge growth opportunity in the smart glasses market. CEO Mark Zuckerberg said in his company's Q1 earnings call: "Glasses are the ideal form factor for both AI and the metaverse. They enable you to let an AI see what you see, hear what you hear, and talk to you throughout the day." He added, "More than a billion people worldwide wear glasses today, and it seems highly likely that these will become AI glasses over the next five to 10 years." I wouldn't dismiss the long-term prospects for two stocks in Coleman's top 10 that have been on the receiving end of bad news lately. Alphabet has lost two federal antitrust rulings over the past 12 months. AI-powered search engines present a major threat to its business. Trade restrictions on China have hampered Nvidia's international GPU sales. But I suspect both Alphabet and Nvidia will fare better over the long run than many investors think. Don't overlook Eli Lilly, either. Sure, the giant drugmaker's earnings have missed Wall Street's estimates in two of the past three quarters. Lilly also faces uncertainty with the Trump administration's threatened pharmaceutical tariffs and international reference pricing, which would base what Medicare pays for prescription drugs on the lowest price paid by other developed countries. However, Lilly now claims a market share of over 50% in the GLP-1 market. Sales continue to skyrocket for its type 2 diabetes treatment, Mounjaro, and its anti-obesity drug, Zepbound. Lilly hopes to file for regulatory approvals of daily weight-loss pill orforglipron later in 2025. The company has a big commercial success with blockbuster breast cancer drug Verzenio and a promising oncology pipeline to boot. The best of the bunch None of those stocks in Coleman's top 10 are the best of the bunch, though, in my view. Instead, I think that honor belongs to Amazon. There has never been a major sell-off in Amazon's history that didn't present a fantastic buying opportunity for long-term investors. I don't think the current pullback is an exception. Granted, the White House's tariffs could weigh on Amazon's business somewhat. However, the underlying investment thesis for the stock remains rock-solid. Amazon still has tremendous growth opportunities in e-commerce. Artificial intelligence (AI) should continue to serve as a robust tailwind for the Amazon Web Services cloud unit over the next decade and beyond. I expect the company's expansion into healthcare, satellite internet, and autonomous ride-hailing services will pay off handsomely. Coleman's hedge fund owned around $1.4 billion worth of Amazon stock at the end of 2024. If he holds on to those shares, the e-commerce and cloud services giant will probably make him even wealthier over the next few years. I think Amazon could make investors who aren't billionaires richer, too. 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See the 3 stocks » *Stock Advisor returns as of May 5, 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. 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. Keith Speights has positions in Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, Sea Limited, and Take-Two Interactive Software. The Motley Fool recommends Flutter Entertainment Plc and 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.
