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Chase Coleman is having a tough yr. His hedge fund, Tiger World, added to a variety of tech holdings, together with Snowflake , Carvana and Sea , within the first quarter earlier than the sell-off obtained even uglier, in keeping with a regulatory submitting. Coleman’s growth-focused flagship fund at Tiger World tumbled 15% in April, pushing its 2022 rout to 44% and wiping out almost all of its positive aspects since 2019, Bloomberg Information beforehand reported. Listed below are his prime 10 holdings on the finish of the primary quarter. The tech sector, particularly unprofitable companies and richly valued software program names, has taken a beating these days within the face of rising charges. These sharp declines in tech have pushed the Nasdaq Composite down greater than 25% yr up to now and off almost 28% from its all-time excessive. Carvana shares have tumbled a whopping 83% this yr, whereas Snowflake is down greater than 55%. Sea has fallen 68% in 2022, and CrowdStrike is down almost 29%.
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