The worth of hedge fund Tiger Global Management’s equity holdings was greater than cut in half throughout the 2nd quarter, to $1193 billion since June 30 from $2664 billion since March31 The minimized holdings come as the S&P 500 SPX, +0.40% went down 16.5% throughout the 2nd quarter. Amongst several of the adjustments Tiger made to its profile throughout the quarter, it sufficed’s risk in China-based electrical lorry manufacturer XPeng Inc. XPEV, -3.73% to 4.36 million shares from 13.72 million shares as well as minimized its Coinbase Global Inc. COIN, +1.64% holding to 151,536 shares from 836,597 shares, while liquidating its 387,700- share bank on Salesforce Inc. CRM, +0.62%, the 1,451 shares of Alibaba Group Holding Ltd. BABA, -0.60% it held, the 1.04 million share financial investment in Zoom Video Communications Inc. ZM, +3.39% and also the 2.89 million Robinhood Markets Inc. HOOD, +0.73% it held. Tiger increased its risk in Amazon.com Inc. AMZN, -0.26% to 2.61 million shares from 147,743 shares, included a brand-new Alphabet Inc. GOOGL, +0.33% financial investment of 110,472 shares and also launched a 226,00 0-share bank on Zillow Group Inc. ZG, -1.56%
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