Tiger Global cuts stakes in Magnificent Seven as it piles into semiconductor makers

Tiger Global cut its positions in four of the five Magnificent Seven technology stocks that account for nearly half its portfolio, while increasing its stake in Amazon.com and piling into semiconductor companies, regulatory filings for the latter three show months of 2023.

The New York hedge fund trimmed its holdings in Magnificent Seven tech firms Alphabet GOOG, Meta META, Microsoft MSFT and Nvidia NVDA, while increasing its position in one of the best-performing tech companies, Amazon.com AMZN, on the 13th – F…

Master your money.

Sign up for MarketWatch.

Get this article and everything MarketWatch.

Access from any device. Everywhere. At any time.

subscribe now

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *