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Search resuls for: "Tiger Cub"


7 mentions found


☆ Stephen Mandel's Lone Pine doubles down on Big Tech and chip stocks to ride on the rebound
  + stars: | 2023-02-16 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Lone Pine Capital doubled down on technology stocks in the fourth quarter, just in time to benefit from the big rebound, a new regulatory filing showed. Stephen Mandel's hedge fund significantly increased its holdings in Microsoft and Amazon , making them top bets at the end of the fourth quarter, the filing showed. Mandel founded Lone Pine Capital in 1997 and boasts one of the best long-term track records in the industry. Mandel is one of the so-called "Tiger Cubs," mentored by legendary hedge fund pioneer Julian Robertson. Lone Pine increased its exposure in the semiconductor industry last quarter.
☆ Viking Global adds CSX and Fortinet, exits T-Mobile in the fourth quarter
  + stars: | 2023-02-15 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
Viking Global swapped out several positions worth hundreds of millions of dollars in an active fourth quarter for the hedge fund, according to securities filings . Viking, which is run by Andreas Halvorsen, revealed several notable new positions, including a stake in CSX worth more than $480 million. Viking Global also exited several large positions during the quarter, including stakes in T-Mobile and Salesforce that were worth about $446 million and $345 million, respectively, at the end of the third quarter. Other large positions that were zeroed out include Parker Hannifin , Take-Two Interactive and Western Digital . The listed equity holdings for Viking Global totaled about $20 billion at the end of the quarter.
☆ Philippe Laffont's Coatue adds to bets on Big Tech and Moderna
  + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
Meanwhile, Coatue's stake in Moderna grew by 12%, bringing the value of that position above $1.1 billion as of the end of December. The firm added several new positions in the quarter, taking relatively small stakes in Alphabet and Charter Communications , among others. Coatue also added to its stake in Tesla , a reversal from the third quarter r when it reduced the size of that position. The listed equity positions were worth $8.9 billion at the end of December, according to a CNBC calculation. Coatue also exited smaller positions in several stocks during the fourth quarter, including Palo Alto , Paramount Global, Shopify and Visa .
☆ Tiger Global Management trims top tech holdings, adds new position in ZoomInfo
  + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
Tech-focused hedge fund Tiger Global Management sold large chunks from several of its biggest positions in the fourth quarter , but investor Chase Coleman didn't completely turn his back on the market. Tiger Global trimmed its stake in most of its top holdings, according to securities filings and VerityData's InsiderScore.com. Elsewhere, Tiger Global eliminated positions in RingCentral and Li Auto that were worth about $99 million and $396 million, respectively, at the end of the third quarter. Coleman is one of the so-called Tiger Cub hedge fund managers who worked under Julian Robertson at Tiger Management. Tiger Global was one of the tech-focused hedge funds that was caught offsides by last year's sharp pullback for growth stocks.
☆ Early Spotify investor Northzone hires director from second-gen Tiger cub fund Tybourne Capital to lead growth-stage deals
  + stars: | 2023-01-18 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
Early Spotify investor Northzone has hired Tybourne Capital director Sanjoy Malhi as a partner. Early Spotify backer Northzone has hired a director from second-generation Tiger Cub fund Tybourne Capital to lead its growth investments. The London-based fund, founded in 1996, has appointed Sanjot Malhi as a partner focused on growth-stage deals across Europe. Malhi will help distribute a $1 billion multi-stage fund that Northzone closed in September. However, many of those companies were funded with growth capital without having strong business fundamentals in place leading to a lot of pain in the market.
☆ Tiger-cub hedge fund Coatue slashes big Tesla bet, doubles down on chip stocks
  + stars: | 2022-11-14 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Coatue Management's Philippe Laffont trimmed his big Tesla holding in the third quarter, while ramping up his exposure to semiconductor stocks. The stock has shed 27% in the fourth quarter partly because Musk has been selling billions of dollars worth of Tesla shares to fund his acquisition of Twitter. The hedge fund significantly added to its Nvidia holding, making it the fifth-largest bet at the end of the third quarter, the filing showed. Coatue kept its big Moderna holding unchanged in the third quarter. The hedge fund's other top holdings included Rivian , Uber, PayPal , Amazon and Disney at the end of the third quarter.
☆ $14 billion hedge fund Schonfeld is focused on hiring as underperforming shops face a shakeout
  + stars: | 2022-09-19 | by ( Alyson Velati | ) www.businessinsider.com   time to read: +4 min
The hedge fund industry in the early days of a consolidation wave, according to headhunter Ilana Weinstein. The writing is on the wall for hedge funds whose performance have taken massive hits over the last few months. The S&P 500 and the average hedge fund, according to Hedge Fund Research, dropped 18% and 4% year to date, respectively. To stay competitive amid consolidation in the hedge fund industry, Tolkin said $14.1 billion Schonfeld Strategic Advisors is looking to attract talent from different backgrounds and that can provide different ideas. This will help the firm become one of the "winners" amid the industry consolidation, Tolkin said.
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