NEW YORK, Nov 14 (Reuters) - Tiger Global Management,

the hedge fund founded and led by Chase Coleman, slashed its

stake in Facebook parent Meta Platforms 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 ( KLAR )

.

Tiger Global ended the first half of 2025 up roughly

4.5%, trailing most of its top multi-strategy fund peers.