Tiger Global’s 15 Long-Term Stock Picks

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11. ATRenew Inc. (NYSE:RERE)

Number of Hedge Fund Holders: 12 

ATRenew Inc. (NYSE:RERE) operates a pre-owned consumer electronics transactions and services platform in the People’s Republic of China. On November 20, the firm posted earnings for the third quarter of 2024, reporting a revenue of $577 million, up close to 30% compared to the revenue over the same period last year and beating market expectations by more than $13.4 million.  For the fourth quarter of 2024, the company currently expects its total revenues to be between RMB4,740 million and RMB4,840 million, representing an increase of 22.4% to 24.9% year-over-year.

ATRenew Inc. (NYSE:RERE) has been a mainstay in the Tiger Global 13F portfolio for the past three years, emerging as a long-term stock pick of the fund. At the end of the third quarter of 2024, the fund owned over 11 million shares in the company worth close to $32 million. The fund has not made any changes to this stake for the past seven quarters. Even though the firm purchased a sizable stake in the firm back in late 2021 at an average share price of $7.71, it has not changed its bullish outlook on the stock despite the shares dropping to less than half this value in the period since.

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