Published On: Tue, Nov 17th, 2015

Chase Coleman Walks In to Amazon, Netflix

 

Chase Coleman  Deck Capital

 

Chase Coleman’s Tiger Global Management also boosted its stake in Amazon.com, Inc. in the third quarter.

Tiger Global said it increased the number of Amazon shares held by more than three times during the quarter, according to a SEC filing. The firm’s Amazon position is its second-largest U.S. equity holding, and was valued at $1.64 billion on September 30. The stock has since jumped 18%, extending its year to date gains.

Chase Coleman also raised his Netflix stake by 15.4 million shares to 18 million. More and more funds moved into Netflix during the quarter as a hedge against ongoing slump in the cable television industry. The sector’s revenue is under increasing threats as consumers switch to streaming services like Netflix and Hulu.

It’s interesting to note that all the hedge fund holding details are backward-looking and are disclosed 45 days after the end of a quarter. Regardless, the 13F filings offer a broad overview of the themes that hedge fund managers consider as investment opportunities with potential.

Shares of Amazon.com, Inc. closed Monday at $647.81. Netflix, Inc. and Paypal Holdings stocks ended yesterday trading at $111.35 and $35.61 respectively.

This article was first published at Learn Bonds, by 

 

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