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Pure Storage, Inc. (PSTG): Billionaire Chase Coleman’s Tiger Global Trims Exposure

According to the recent 13G filing with the US Securities and Exchange Commission, billionaire Chase Coleman‘s Tiger Global Managment owns 1.0 million shares of Pure Storage Inc (NYSE:PSTG), which accounts for 2% of the total amount of shares. This is significantly less compared to 5.24 million shares of Pure Storage that Tiger Global reported in its last 13F filing (for the end of the fourth quarter of 2015).

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Pure Storage is a $2.80 billion flash enterprise storage array company, whose stock has lost over 6% since the beginning of the year. Overall, 14 funds among those we track reported long positions in the company as of the end of 2015. Billionaire George Soros’ Soros Fund Management is another shareholder of Pure Storage, having disclosed 802,000 shares.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Tiger Global Private Investment Partners VII 0 0 0 0 0 0%
Tiger Global PIP Performance VII 0 0 0 0 0 0%
Tiger Global PIP Management VII, Ltd 0 0 0 0 0 0%
Tiger Global Management 0 1,000,000 0 1,000,000 1,000,000 2%
Charles P. Coleman III 0 1,000,000 0 1,000,000 1,000,000 2%
Lee Fixel 0 1,000,000 0 1,000,000 1,000,000 2%
Scott Shleifer 0 1,000,000 0 1,000,000 1,000,000 2%
Chase Coleman
Chase Coleman
Tiger Global Management LLC

Page 1 of 15 – SEC Filing

Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Pure Storage, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
(CUSIP Number)
April 4, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[_]  Rule 13d-1(b)
[X]  Rule 13d-1(c)
[_]  Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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