Tiger Global slashes Meta stake by 63%

By Anirban Sen

NEW YORK (Reuters) -Tiger Global Management, the ​hedge fund founded and led by ‌Chase Coleman, slashed its stake in Facebook parent Meta Platforms ‌during the third quarter, according to a filing released on Friday.

During the quarter ended September 30, Tiger Global reduced its holdings ⁠in Meta by ‌62.6% to 2.8 million of the company’s shares,‍ valuing the stake at about $2.1 billion. The firm also dissolved its positions in ​some other high-profile names including drugmakers ‌Eli Lilly, Novo Nordisk and cybersecurity firm CrowdStrike.

Tiger Global, which is an offshoot of famed investor Julian Robertson’s firm and is part of a cohort of ⁠stock-picking funds popularly known ​as Tiger Cubs, ​took new positions in streaming giant Netflix and buy-now-pay-later firm ‍Klarna.

Tiger ⁠Global ended the first half of 2025 up roughly 4.5%, trailing most ⁠of its top multi-strategy fund peers.

(Reporting by ‌Anirban Sen in New York; ‌Editing by Matthew Lewis)