Tiger Global cuts stakes in most of its portfolio

Investment firm Tiger Global Management, which has lost billions of dollars in this year's technology meltdown, slashed or completely exited most of its holdings in the second quarter, from Robinhood to Zoom Video Communications Inc and Coinbase Global Inc, according to a filing on Monday.

Chase Coleman's hedge fund only added a few new stakes last quarter, including in Alphabet Inc. It increased its position in Meta Platforms and Shopify Inc.