NEW YORK (Reuters) -Tiger Global Management, the hedge fund founded and led by Chase Coleman, slashed its stake in Facebook parent Meta Platforms ( META ) during the third quarter, according to a filing released on Friday.

During the quarter ended September 30, Tiger Global reduced its holdings in Meta by 62.6% to 2.8 million of the company's shares, valuing the stake at about $2.1 billion. The firm also dissolved its positions in some other high-profile names including drugmakers Eli Lilly,  Novo Nordisk and cybersecurity firm CrowdStrike. 

Tiger Global, which is an offshoot of famed investor Julian Robertson's firm and is part of a cohort of stock-picking funds popularly known as Tiger Cubs, took new positions in streaming giant Netflix ( NFLX ) and buy-now-pay-later firm Klarna. 

Tiger Global ended the first half of 2025 up roughly 4.5%, trailing most of its top multi-strategy fund peers.