Billionaires Unloaded These 24 Stocks In Q2

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16. Athene Holding (ATH, $36.93)

The Wall Street Journal

Tiger Cub Chase Coleman III struck out on his own and put up Tiger Global Management — which today manages more than $41 Billion in assets for 19 large clients. A protege of famed investor Julian Robertson, Coleman’s hedge fund seems to be doing everything right. In Q2, Tiger Global sold 80% of its holdings in Athene Holdings, which is a company that specializes in the sale of annuities and funding agreements. While it only made up 1.1% of the Tiger Global portfolio and it wasn’t a huge position, it was the biggest sale in terms of number of shares sold by the hedge fund, representing well over $200 million in proceeds. Tiger Global is surmised to have paid an average price of $24.82 for ATH stock since taking a position during the mid-March market meltdown, so many analysts view the sale as a case of profit-taking.