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Even as the stock market stabilized in May, Tiger Global’s main fund still saw a 14.2% drop in the month. The S&P 500 was relatively flat for the month.
At the end of March, Chase Coleman’s fund held positions in publicly traded stocks like Amazon (NASDAQ:AMZN), Carvana (NYSE:CVNA), Datadog (NASDAQ:DDOG), Meta (NASDAQ:FB), and Snowflake (NYSE:SNOW), among others, which all saw their values decline sharply over the last several months.
Tiger Global declined to comment on the report.
