A billionaire who earned his fortune at Tiger Global has just thrown more than $ 300 million in a fast -growing shares that rose up last year.
Karthik Sarma, who now leads SRS investment management of SRS, sold all the huge investments of the Hedgefonds in Nvidia (NVDA) between Q1 of 2024 and Q1 of 2025.
NOW, NEW 13F -Kindings show Sarma has stacked around $ 334 million and bought 4.74 million shares in Tapestry (TPR).
The Luxury Goods company, known for its premium handbag and accessories brands such as Coach and Kate Spade, has seen its stock more than 100% in the last 12 months.
Tapestry specializes in designing and selling high-end fashion accessories, using its iconic brands to capture the growing demand for luxury lifestyle products.
The strong cash flows and the company’s strategic share skin program may also have drawn the eye of Sarma, with SRS investment management now allows approximately 4.5% of the portfolio of the hedge fund to the new investment.
That makes carpet the fourth biggest allocation at SRS, after PDD Holdings Inc. At 6.45%, Planet Fitness Inc. With 6.09%and Meta Platforms Inc. At 5.75%, with a strategic focus on e-commerce, fitness, AI and tech, in addition to luxury retail.
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