27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Last year was one of the worst years for equities, with all three major indexes having their worst year since 2008, cutting a three-year winning streak.
The Dow experienced the smallest loss of the indexes in 2022, falling approximately 8.8%. The S&P 500 dropped by 19.4%, recovering slightly to start the new year, while the tech-heavy Nasdaq plummeted 33.1%.
These losses were compounded for some of the largest hedge funds, whose strategy in 2022 was based on trading equities.
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Who is the biggest loser? A firm focused on companies in the global internet, software, consumer, and financial technology industries — Tiger Global Management took the biggest hit.
Tiger Global, according to a Bloomberg report, lost 56% in the bear market of 2022.
What stocks were in Tiger Global’s portfolio?
By weight, here are the top 10 holdings in its latest 13F-HR filed on Nov. 14, 2022:
|
Company |
Ticker |
% of Portfolio |
2022 Performance |
|
JD.com, Inc |
JD |
14% |
-18.24% |
|
Microsoft Corporation |
MSFT |
13% |
-25.74% |
|
ServiceNow Inc |
NOW |
5.9% |
-32.49% |
|
Sea Ltd |
SE |
4.9% |
-71.81% |
|
Alphabet Inc Class C |
GOOG |
4.8% |
-34.65% |
|
Datadog Inc |
DDOG |
4.7% |
-53.61% |
|
Workday Inc |
WDAY |
4.4% |
-36.03% |
|
Snowflake Inc |
SNOW |
4.1% |
-53.57% |
|
Li Auto Inc |
LI |
3.6% |
-25.24% |
|
Atlassian Corp |
TEAM |
3.3% |
-59.86% |
Data: 13f.info
Honorable mentions in Tiger Global’s portfolio that didn’t make its top 10 holdings by weight:
|
Company |
Ticker |
% of Portfolio |
2022 Performance |
|
Kanzhun Ltd |
BZ |
2.8% |
-43.95% |
|
Amazon.com, Inc |
AMZN |
2.8% |
-49.16% |
|
Uber Technologies |
UBER |
2.4% |
-43.31% |
|
Nu Holdings Ltd |
NU |
1.9% |
-54.89% |
|
Block Inc |
SQ |
1.9% |
-57.66% |
|
Mastercard Inc |
MA |
1.9% |
-5.33% |
|
DoorDash Inc |
DASH |
1.7% |
-65.29% |
|
Toast Inc |
TOST |
1.5% |
-35.44% |
|
HubSpot Inc |
HUBS |
1.7% |
-45.51% |
|
Crowdstrike Holdings |
CRWD |
1.4% |
-46.31% |
Data: 13f.info
According to Bloomberg, among the other hedge funds that experienced negative returns in 2022 were D1 Capital Partners (-30.5%), Viking Global Opportunities (-23.2%), and Coatue Management (-18.8%).
Read next: A Massive Short Squeeze Is Underway: Bed Bath And A Few Favorites Are In Play
Photo: courtesy of Shutterstock.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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