2022's Worst Performing Hedge Fund Saw Negative 56% Returns, Has These Stocks To Blame

Zinger Key Points
  • Tiger Global Management saw the steepest losses, with its portfolio losing 56% of its value.
  • D1 Capital Partners, Viking Global Opportunities, and Coatue Management also saw double-digit negative returns in 2022.

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.

Also Read: Important CPI Inflation Reading Coming On Thursday: What Investors Should Expect

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.

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