Chase Coleman's Tiger Global Management hedge fund is buying all the "FANG" stocks, except Google.
In the third quarter, Tiger dissolved its $66 million stake in Google parent Alphabet, a required quarterly filing with the U.S. Securities and Exchange Commission showed Tuesday.
The hedge fund also increased its holdings of Chinese e-commerce companies Alibaba and JD.com by 191,000 and 5.38 million shares, respectively. Alibaba reported record sales worth $25.4 billion on Singles Day, Nov. 11, while JD.com reported the equivalent of about $19.1 billion over its Singles Day shopping period, which began on Nov. 1.
Coleman has a net worth of $2.2 billion, according to Forbes.