Tech Billionaire Chase Coleman’s Top 10 Stock Picks

5. Sea Ltd (NYSE:SE)

Shares held by Tiger Global: 16.04 million

Value of position: $1.51 billion

Sea Ltd (NYSE:SE), headquartered in Singapore, is a diversified tech conglomerate operating through four key divisions: Garena (digital entertainment), Shopee (e-commerce), SeaMoney (digital financial services), and Maribank (banking). Founded in 2009, Sea gained prominence with its Free Fire game and has expanded into a global operation employing over 67,000 people.

Tiger Management holds 16,041,335 shares of Sea Ltd (NYSE:SE), valued at $1.51 billion, representing 6.45% of its portfolio. This significant position highlights the fund’s confidence in Sea’s growth trajectory across its business segments.

Sea has delivered remarkable revenue growth, reporting $4.27 billion in its latest quarter, a 23.6% year-over-year increase. The company achieved an EPS of $0.54, a dramatic improvement from $0.06 in the prior year. Revenue projections also suggest significant expansion, with analysts estimating $16.68 billion for 2024 (+28.4%) and $19.41 billion for 2025 (+16.4%). Despite trading at a forward P/E of 46.08, Sea’s PEG ratio of 0.69 suggests it remains undervalued relative to its growth potential. Sea’s current price of $116 is below its valuation estimate of $173.92, offering a compelling buying opportunity, more so during market downturns, because of the firm’s high beta.