The Top 3 Positions of Top Investor Chase Coleman

Last Updated: 27. November 2023By

Today I would like to discuss the three largest stock positions from top investor Chase Coleman’s portfolio:

Chase Coleman is one of many „investment descendants“ of hedge fund legend Julian Robertson, in whose Tiger Management Corp. („The Tiger Fund“) he learned his trade in the 1990s. Coleman was only 25 when Robertson gave him 25 million dollars as start-up capital for his own fund.

Coleman, born in 1975 to a lawyer and an interior designer, grew up in the exclusive neighborhood of Glen Head on Long Island, New York. The Colemans are descendants of Peter Stuyvesant, the last Dutch governor who had the Wall Street wall built in the 17th century. Coleman studied at the prestigious Williams College in Massachusetts, which his grandfather had also attended, and graduated in 1997 with a degree in Spanish and economics.

Chase Coleman is more of an old-school stock picker. He and his investment team were early believers in Internet companies like Facebook and Zynga. His Tiger Global still invests in promising technology companies that he believes have great potential. Currently, Coleman manages customer funds amounting to around 13.5 billion dollars in 48 stocks.

These are currently the three largest stock positions held by Chase Coleman:

Meta Platforms The second largest position is the stock of the social networking giant Meta. Currently, Coleman holds a stock package worth 1.67 billion dollars in the company, which is almost 20% of its total managed customer funds. In the last quarter, the fund manager further purchased the position despite the spectacular rally (+3.8%).

Business has been booming for the social networking giant lately: Meta beat the revenue expectations for the third quarter. The social media platforms Facebook and Instagram have been attracting more and more advertisers. Revenue in the quarter ended in September rose to $34.15 billion (+23%). Analysts had only expected revenue of $33.56 billion. At the same time, the company saw a 7% increase in daily active users. As a result, net income rose 163% to $11.6 billion year-over-year.

Microsoft The second largest position is the stock of software giant Microsoft with a weighting of 14.3%. In total, Coleman has invested $1.93 billion in the stock. In recent months, Coleman has also further increased its position by 8% despite the strong rally.

The technology icon increased its revenues by 13% to $56.5 billion in the previous quarter. The Intelligent Cloud business from Microsoft remains the main revenue driver with $24.3 billion – an increase of 19% year-over-year. The company made a profit of $22.3 billion, or 27% more than in the same period last year. Earnings per share were $2.99.

Apollo Global Management The third largest stock position is Apollo Global Management’s stock with a weighting of around 8%. In total, the fund manager has invested just over $1.1 billion in the stock of the financial investor.

Apollo Global Management is a leading global alternative asset manager specialized in private equity investments, loans and other markets. The company was founded in 1990 by Leon Black, Joshua Harris and Marc Rowan and is now a Nasdaq-listed company. In the last quarter, the company benefited from inflows of $33 billion. Apollo currently manages assets worth $631 billion.