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Tiger Global reduces holdings in tech, boosts stakes in Grab, Apollo, adds Eli Lilly

iger Global Management, the hedge fund run by Chase Coleman, boosted its holdings in Apollo Global Management (NYSE:APO) and cut its stakes in tech and consumer giants Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and (NASDAQ:JD) in Q2 2023, according to its latest 13F filing.
The firm divested its 851K shares of Apple (NASDAQ:AAPL), its 724K shares of Mastercard (NYSE:MA), 183K shares of Visa (NYSE:V), and 1.65M share of Block. It acquired new stakes in pharmaceuticals makers Eli Lilly (NYSE:LLY) at 724K shares and Novo Nordisk at ~635K.

Its stake in Apollo Global (APO) swelled to 12.3M shares from 2.61M shares at March 31, 2023. It also increased its stake in Grab Holdings (NASDAQ:GRAB) to 23.4M shares from 18.4M.

Tiger’s holdings in Google parent Alphabet (GOOG) declined to 3.81M shares from 8.36M, in Amazon (AMZN) to ~3.70M from 9.69M and in (JD) to 21.1M shares from 24.1M, according to the filing.

Earlier this month, the Financial Times reported that Tiger Global boosted its stake in Apollo (APO), but didn’t specify the amount of the increase.