Tiger Trims: Hedge Fund Reduces Meta Holdings Sharply
U.S.-based hedge fund Tiger Global Management significantly reduced its investment in Meta Platforms during the third quarter of the current year. According to the firm’s latest filing, by the end of the quarter on September 30, it had decreased its Meta shares by 62.6 percent, bringing the total down to 2.8 million shares, valued at approximately $2.1 billion. Reported Reuters.
During the same period, the fund completely exited several high-profile stocks, including well-known pharmaceutical companies Eli Lilly, Novo Nordisk, and cybersecurity firm CrowdStrike.
Meanwhile, Tiger Global has made new investments in the streaming service provider Netflix and installment-based payment platform Klarna.
By the end of the first six months of 2025, Tiger Global’s returns stood at around 4.5 percent, lagging behind top multi-strategy funds.
DBTech/BMT/OR
