This Billionaire Just Bought $560 Million of This Brilliant Stock Up Nearly 650% Since 2023
Examining what stocks billionaires buy is a great investment move. These investors have massive resources (like teams of researchers) that can pinpoint great values and then scoop them up before the rest of the market learns about them.However, the stock that billionaire Chase Coleman and his team at Tiger Global Management recently scooped up is very well known, as it has risen an astounding 645% since the start of 2023. The stock is Spotify (NYSE: SPOT), a service that many people have likely heard of or used. In the fourth quarter, Coleman and Tiger Global massively increased their holdings from just 2,560 shares to 1.26 million shares, valued at around $560 million. Does Coleman know something that other investors don't? Or does this big-time winner have more room to run?Continue reading
Examining what stocks billionaires buy is a great investment move. These investors have massive resources (like teams of researchers) that can pinpoint great values and then scoop them up before the rest of the market learns about them.
However, the stock that billionaire Chase Coleman and his team at Tiger Global Management recently scooped up is very well known, as it has risen an astounding 645% since the start of 2023. The stock is Spotify (NYSE: SPOT), a service that many people have likely heard of or used. In the fourth quarter, Coleman and Tiger Global massively increased their holdings from just 2,560 shares to 1.26 million shares, valued at around $560 million.
Does Coleman know something that other investors don't? Or does this big-time winner have more room to run?
