Billionaire Investor Chase Coleman Has 46% of His Portfolio Invested in 5 Brilliant Artificial Intelligence (AI) Growth Stocks

Billionaire investor Chase Coleman is one of Wall Street’s original whiz kids. When he was just 24 years old, he founded Tiger Global Management with starting capital from his former boss and mentor, the iconic hedge fund manager Julian Robertson, Jr.

Coleman parlayed this seed money of $25 million into one of the world’s most successful hedge fund empires, with roughly $58 billion in assets under management. He’s currently ranked as the world’s 500th richest person by Forbes with a net worth estimated at $5.7 billion.

Coleman is best known for spotting big winners early on, making notable investments in (among others) Spotify; Facebook, now Meta Platforms (NASDAQ: META); and LinkedIn, now owned by Microsoft (NASDAQ: MSFT).

He’s no stranger to bold bets, so it isn’t surprising that to close out 2023, Coleman had a whopping 45.8% of Tiger Global Management’s equity portfolio invested in just five artificial intelligence (AI) stocks:

1. Meta Platforms: 18.8%

2. Microsoft: 14.3%

3. Amazon (NASDAQ: AMZN): 5.3%

4. Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG): 4%

5. Nvidia (NASDAQ: NVDA): 3.4%

Let’s look at Coleman’s top holdings to see why he’s so heavily weighted in these AI stocks.

1. Meta Platforms

Meta Platforms is Coleman’s largest holding by far, which isn’t surprising since he discovered the company when it was still Facebook.

When it comes to AI, Meta has a long track record of using sophisticated algorithms to its advantage. The lion’s share of its revenue is generated by digital advertising, and using AI helps surface more relevant ads and appropriate content for its social media users.

With the ongoing recovery in ad spending, 2023 was a banner year for the world’s second-largest digital advertiser. Meta helped fuel its growth by providing advertisers with a suite of AI-powered tools to help improve their results.

The company also jumped feet first into generative AI by developing a top-shelf AI model — the LLaMA (large language model Meta AI) — which is…