5 Tech Stocks to Buy According Billionaire Chase Coleman

3. Nu Holdings Ltd. (NYSE:NU)

Tiger Global Management’s Stake Value: $2.4 billion 

Percentage of Tiger Global Management’s Portfolio: 5.43% 

Number of Hedge Fund Holders: 28

Billionaire Chase Coleman bought a huge $2.49 billion worth of stake in Nu Holdings Ltd. (NYSE:NU) during the fourth quarter of 2021. It is a fintech and technology company operating in Brazil, Mexico, and Colombia. As of December, Nu was the third-largest tech stock holding of the New York-based fund, accounting for 5.43% of the overall portfolio. Warren Buffett-backed Brazil-based financial services platform debuted on NASDAQ at the end of 2021. Since IPO its stock price has been making price swings in line with the broader market trends. 

The company’s strategy of expanding its loan portfolio in high-yielding products is a key catalyst for a significant increase in profitability in the years ahead. The company’s continued expansion of its client base and introduction of new products will further bolster its financial numbers. UBS analyst Thiago Batista expects the company’s client base to reach 100M by 2026, with the majority based in Brazil.