Tiger Global’s Top 5 Stocks Picks and Performance

3. Apollo Global Management, Inc. (NYSE: APO)

Coleman’s Stake Value: $1,641,284,000
Percentage of Chase Coleman’s 13F Portfolio: 3.77%
Number of Hedge Fund Holders: 44

Apollo Global Management, Inc. (NYSE: APO) is a global alternative investment management firm. It was founded in 1990 and is ranked third on the list of Tiger Global’s top 10 stocks picks. Apollo shares have returned 22.82% to investors during the course of the past 12 months. The stock is up 29.53% since March 31.

On July 15, Apollo Global Management, Inc. (NYSE: APO) announced that Arthur Kill Terminal granted its affiliates the exclusive right to invest in the Arthur Kill Terminal (AKT) project, a large offshore wind energy staging and assembly port now under construction in Staten Island, New York. The Arthur Kill Terminal project is coordinating with the company’s renewable energy infrastructure capabilities. On July 12, Citi analyst William Katz raised the price target on Apollo Global to $76 from $72 and kept a “Buy” rating on the shares.

Tiger Global Management LLC holds more than 34 million shares in Apollo Global Management, Inc. (NYSE: APO) worth $1.64 billion, representing 3.77% of their investment portfolio. In addition, there were 44 hedge funds in our database that held stakes in Apollo Global at the end of the first quarter of 2021, compared to 30 funds in the quarter earlier.