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Stock impact report

Dingdong (Cayman) Limited (DDL): Among Tiger Global Management's Long-Term Stock Picks [Yahoo! Finance]

Dingdong (Cayman) Limited American Depositary Shares (each two representing three Ordinary Shares) (DDL) 
Company Research Source: Yahoo! Finance
to take a look at where Dingdong (Cayman) Limited (NYSE:DDL) stands against the other stock picks. Even as the venture capital efforts of Tiger Global Management come under increased scrutiny on the back of reportedly disappointing post-pandemic performance, the 13F portfolio of the fund seems to be performing exceedingly well to taper over these concerns. From the beginning of 2023 through to the end of the first quarter of 2024, the public long positions of the fund returned more than 80% to investors. These were dominated by prominent stakes in hyperscalers riding the AI boom. The rate of return posted by the fund was more than double the returns of the benchmark S&P 500 over the period. In contrast, a recent report by news publication Bloomberg reveals that the sixteenth private markets fund of Tiger Global, which set out with a target to raise more than $6 billion in funding back in 2022, closed with $2.2 billion in funding earlier this year. Tech news platform TechCrunch repor Show less Read more
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