TTWO - Billionaire Chase Coleman Has 6% of His Massive Portfolio in This Beaten-Down Tech Stock
2024-04-28 03:45:00 ET
As billionaire investors go, Chase Coleman has a reputation for making bold bets on stocks that are just getting started in their growth stories. His portfolio, through the Tiger Global Management fund, is heavily focused on artificial intelligence (AI) today and counts several huge AI winners among its top holdings.
There's a name that stands out in the fund's list of big holdings, though, and it's one that many growth investors will be familiar with. Coleman's portfolio holds Take-Two Interactive (NASDAQ: TTWO) as its fourth-largest investment, accounting for about 6% of the fund's assets. Let's look at what might have attracted the billionaire to this stock, and whether investors should consider buying it right now.
Take-Two is a video game developer, positioning it to benefit from the rapidly growing global digital entertainment industry. It is one of just a few large competitors in this space that includes Microsoft and Electronic Arts (NASDAQ: EA) .
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Billionaire Chase Coleman Has 6% of His Massive Portfolio in This Beaten-Down Tech Stock