Unknown billionaire, who earned his fortune through Tiger Global, has just invested more than $300,000,000 in a stock with a skyrocketing price over the past year.
Karthik Sarma who is now the head of SRS Investment Management sold off all of SRS’ massive investments in Nvidia between 2024 Q1 and 2025 Q1.
New 13F filings reveal that Sarma purchased 4.74 millions shares of Tapestry for $334.
Stocks of the luxury goods firm, which is known for premium brands such as Coach and Kate Spade and its handbags and accessories, have risen by over 100 percent in just 12 months.
Tapestry is a leading designer and retailer of high-end accessories. It uses its famous brands to meet the demand for lifestyle items.
SRS Investment Management has allocated about 4,5% of its portfolio, which includes the company’s strategic share-repurchase plan and strong cash flow, to this new investment.
This makes Tapestry SRS’ fourth largest allocation, after Pdd Holdings Inc. with 6.45% and Planet Fitness Inc. with 6.09%. It also highlights a focus on luxury retail, technology, AI, and e-commerce.
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Sources of Images include Pixabay Creative Commons & Midjourney
Tiger Global Billionaire dumps Nvidia and pours $334,000,000 into a booming US asset may change as new information becomes available.
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