Tiger Global Billionaire Abruptly Dumps Nvidia, Pours $334,000,000 Into Surging US Asset
A billionaire who made his fortune at Tiger World simply poured greater than $300 million right into a high-growth inventory that’s skyrocketed over the past yr.
Karthik Sarma, who now spearheads SRS Funding Administration, offered the entire hedge fund’s huge funding in Nvidia (NVDA) between Q1 of 2024 and Q1 of 2025.
Now, new 13F filings show Sarma has piled about $334 million, buying 4.74 million shares, into Tapestry (TPR).
The posh items firm, recognized for its premium purse and equipment manufacturers like Coach and Kate Spade, has seen its inventory surge over 100% prior to now 12 months.
Tapestry makes a speciality of designing and retailing high-end style equipment, leveraging its iconic manufacturers to seize the rising demand for luxurious way of life merchandise.
The corporate’s robust money flows and strategic share-repurchase program could have additionally caught Sarma’s eye, with SRS Funding Administration now allocating about 4.5% of the hedge fund’s portfolio to the brand new funding.
That makes Tapestry the fourth-largest allocation at SRS, following Pdd Holdings Inc. at 6.45%, Planet Health Inc. at 6.09%, and Meta Platforms Inc. at 5.75%, highlighting a strategic give attention to e-commerce, health, AI and tech, alongside luxurious retail.
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