Tiger Global, founded by the legendary investor Chase Coleman, went on a selling spree in the last quarter. The most notable complete exits were Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG) and J.C. Penney Company, Inc. (NYSE:JCP). So good move on JCP but bad timing on Apple, as Tiger Global just missed Icahn’s briefly worded Apple Inc. (NASDAQ:AAPL) shakeup on Twitter. Other holdings that Tiger Global said goodbye to were Baidu.com, Inc. (NASDAQ:BIDU), Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) and Lululemon Athletica inc. (NASDAQ:LULU). Tiger cubs slashes Groupon, takes profits on Netflix Tiger Global reduced its position in Groupon Inc (NASDAQ:GRPN) by over 70%, the hedge fund had been buying up…
Tiger Global Sells Apple Inc., JC Penney, Cuts Netflix, Groupon
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.