Tiger Global Management, the hedge fund led by billionaire Chase Coleman, made some notable investment moves in the second quarter of 2025. According to its latest 13F filing for the quarter ending June 30, published Thursday, the firm added a new position in Circle Internet (CRCL), a stablecoin issuer that recently went public. Tiger Global purchased 125,000 Class A shares, as Circle’s stock skyrocketed nearly fivefold from its IPO price.
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In addition to the new Circle stake, Tiger Global significantly boosted its position in Amazon (AMZN) by 62.2% to 10.7 million shares during Q2. The hedge fund also nearly doubled its investment in Reddit (RDDT) to 6.1 million, while smaller increases were made to its existing stakes in Nvidia (NVDA) and Microsoft (MSFT). Indeed, the fund only upped its investments by 6.8% to 11.7 million shares for the former and by 5% to 6.6 million shares for the latter.
However, Tiger Global also trimmed several positions in the same quarter. Its stake in ServiceNow (NOW) was reduced by 48.2% to 300,000 shares, while positions in Workday (WDAY) and CrowdStrike (CRWD) were cut by 46.8% and 44.4%, respectively. Interestingly, it is worth noting that Tiger Global manages around $50 billion in assets, and its founder, Coleman, has an estimated net worth of $6 billion by Forbes.
Is CRCL Stock a Good Buy?
Turning to Wall Street, analysts have a Hold consensus rating on CRCL stock based on five Buys, six Holds, and four Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average CRCL price target of $171.43 per share implies 23.1% upside potential.
