Investment firm Tiger Global Management, which lost billions of dollars in this year's technology meltdown, slashed or completely exited most of its holdings in the second quarter, potentially cutting its exposure to a recent stock rally, according to a filing released Monday. Among the companies in which Tiger reduced positions are online used-car seller Carvana, cyber company Crowdstrike Holdings, software maker Snowflake , payments company Nu Holdings, retailer JD.com , food delivery app Doordash, cryptocurrency exchange Coinbase and Microsoft. It also dissolved its investments in Robinhood and Zoom Video Communications Inc and Docusign Inc, the filing showed.
These innovative growth stocks are ripe for the picking following a 34% peak plunge in the Nasdaq Composite.
Sea Limited's (SE) second-quarter 2022 results are likely to reflect strong momentum in the e-commerce business and stabilizing player base of Free Fire.