Tiger Global Slashed Stake in This Soaring Stock

The hedge fund firm sold a large portion of its best-performing stock this year.

Chase Coleman (Amanda L. Gordon/Bloomberg)

Chase Coleman

(Amanda L. Gordon/Bloomberg)

Tiger Global Management recently slashed the size of one of its largest long bets — and its most profitable position this year.

The technology-focused investment firm, led by Chase Coleman and Scott Shleifer, has reduced its stake in solar giant Sunrun by about 60 percent since the end of the third quarter, when it was the firm’s third largest long position, according to regulatory filings.

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