Tiger Global's Chase Coleman made a big bet on Roblox — check out the tech investor's other moves

Published Mon, May 17 20213:29 PM EDT

Hedge fund manager Chase Coleman made a multi-billion dollar bet on newly public video game company in the first quarter of 2021. Here are his other latest moves. According to SEC filings released on Monday, Tiger Global Management owns a $2.6 billion stake in Roblox , which is now the hedge fund's third largest holding. The kids gaming app that surged in popularity during the pandemic went public on the New York Stock Exchange in March. Roblox is up 66% since its public debut, but down more than 10% from its high. Last week, Roblox reported daily active users rose to 42.1 million in the first quarter, up 79% from last year. Users spent 9.7 billion hours on the platform, up 98% year over year from March 2021. The company makes up about 6% of Coleman's portfolio. Coleman's Tiger Global Management Fund is one of the "Tiger Cub" funds seeded by legendary investor Julian Robinson two decades ago. Since striking out on his own, Coleman has made his name as a tech investor. Tiger Global has more than $41 billion in equity assets, according to FactSet. In the first three months of the year, the firm added other new positions in Affirm, Bumble, Coupang, DigitalOcean, Futu, Olo, and Oscar Health, among others. The firm increased its positions in Coupa Software, Docusign, DoorDash, Microsoft, Sea, ServiceNow, Shopify, Snowflake, Square, Sumo Logic and Zoom Video. Take a look at Tiger Global's top holdings as of March 31, 2021: Tiger Global's largest position is still its $4.36 billion stake in Chinese e-commerce company JD.com. The hedge fund also has big bets on Microsoft, Pinduoduo, Sea and Amazon. Apollo Global, Facebook, Carvana and CrowdStrike are among the portfolio's other top holdings. Tiger Global sold shares of Despegar, Facebook, GDS, StoneCo, Sunrun and Uber in the first quarter. Coleman's hedge fund dissolved positions in GSX Techedu and Yalla Group. Tiger Global reached its 20-year anniversary in March with an average annual return of 21% net of fees. The S & P 500 returns an average of 10% per year over time. In a letter reflecting on the last 20 years Coleman said he regretted selling companies like Netflix too soon. Looking forward, Coleman told clients that the "future will see machine intelligence automate larger swathes of decision-making, increasing efficiency and further embedding digital systems in our daily lives."

Chase Coleman, founder of Tiger Global Management LLC.

Amanda L. Gordon | Bloomberg | Getty Images

Hedge fund manager Chase Coleman made a multi-billion dollar bet on newly public video game company in the first quarter of 2021. Here are his other latest moves.

According to SEC filings released on Monday, Tiger Global Management owns a $2.6 billion stake in Roblox, which is now the hedge fund's third largest holding. The kids gaming app that surged in popularity during the pandemic went public on the New York Stock Exchange in March.

Roblox is up 66% since its public debut, but down more than 10% from its high. Last week, Roblox reported daily active users rose to 42.1 million in the first quarter, up 79% from last year. Users spent 9.7 billion hours on the platform, up 98% year over year from March 2021.