Tiger Global Sells Apple Inc., JC Penney, Cuts Netflix, Groupon

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HFA Staff
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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…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.