Tiger Global Management, founded by Chase Coleman, reduced its stake in Meta Platforms by 62.6% to 2.8 million shares, valued at $2.1 billion in the third quarter. The hedge fund also exited positions in Eli Lilly, Novo Nordisk, and CrowdStrike, while taking new positions in Netflix and Klarna.

Tiger Global, part of the Tiger Cubs cohort, reported a 4.5% gain in the first half of 2025, lagging behind its multi-strategy fund peers. The firm’s moves reflect a shifting investment strategy in the current market landscape.

Read more at Yahoo Finance: Tiger Global slashes Meta stake by 63%