Tiger Global Lost $16 Billion In 4 Months, But Held These 2 Dividend Payers

by Robert Kuczmarski Benzinga Staff Writer

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During the third quarter of 2022, this company repurchased 4.7 million shares at a cost of $1.6 billion.
Another company returned $2.9 billion and $14.8 billion of capital to shareholders for fiscal Q4 and the full year, respectively.
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As of Nov. 14, hedge funds are required to release what trades they have made over the course of the third quarter. Looking at past trades, it can still be extremely useful for investors wondering what “smart money” is doing with their investments.

Chase Coleman, hedge fund manager and founder of Tiger Global Management, has taken a large blow to his portfolio. In the first four months of 2022, Tiger Global's main strategy was down roughly 44%.

This has led to a reduction of $16 billion from its assets under management in the first four months of 2022, Bloomberg reported.

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Also Read: Tiger Global Adds Microsoft, Alphabet, Uber And This Bitcoin Play In Q3

Here are two fintech dividend payers Tiger Global held over the course of the third quarter:

Visa Inc. V offers a dividend yield of 0.86% or $1.80 per share annually, conducting quarterly payments, with a notable track record of increasing its dividends for 14 consecutive years. The San Francisco-based company processed over $14 trillion in total payment volume in over 160 currencies across more than 200 countries. Visa returned $2.9 billion and $14.8 billion of capital to shareholders for the fiscal fourth quarter and full-year, respectively, in the form of share repurchases and dividends. In the fourth quarter, Visa authorized a new $12 billion share repurchase program.
Mastercard Inc. MA offers a dividend yield of 0.57% or $1.96 per share annually, through quarterly payments, with a strong track record of increasing its dividends for 11 consecutive years. Mastercard is the second-largest payment processor in the world, having processed close to $6 trillion in purchase transactions in 2021. The Purchase, New York-based company operates in more than 200 countries processing transactions in more than 150 currencies. During the third quarter of 2022, Mastercard repurchased 4.7 million shares at a cost of $1.6 billion and paid $474 million in dividends, leaving $5.1 billion remaining under the approved share repurchase programs after Oct. 24, 2022.