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How Much Money Chase Coleman Made From These Stocks: PCLN, AMZN, LCAPA, CVC

January 05, 2011 | About:

BusinessInsider today published a speculative story on Investment Guru Chase Coleman’s investment into Facebook entitled “The 34-Year-Old Mega-Rich Facebook Investor You’ve Never Heard of”.

Just about everything about Chase Coleman will make you and I envy. Read this paragraph:

Chase is 33 or 34, married to a pretty blonde named Stephanie, and very, very rich. The most recent estimate we've seen of his income was $350 million to $400 million per year. He's been running Tiger Global since 2001, so he's likely a paper billionaire. He's got an ornate apartment on Manhattan's Upper East Side.
One of the main points of the article is that Chase Coleman made about $900 million from his 3% stake investment into Facebook:
The gossip is that Colemen bought in back in late 2009. Conveniently, that is also when, according to the Facebook Effect author David Kirkpatrick, Facebook's first outside investor, Peter Thiel, began to sell half of his 6% stake in the company. Thiel owned preferred shares with the kind of info rights Coleman is after, so maybe that's where Tiger got some of its stake. Kirkpatrick suspects Thiel sold most of his stake to Russian holding firm DST.

If Tiger did get its Facebook stake back then – and really, we're just speculating here – Coleman has done well.

Back then, preferred shares valued Facebook around $20 billion (at the very most). Today, Goldman Sachs is selling its clients common shares of Facebook at a $50 billion valuation. If Tiger bought half of Thiel's stake, it's made $900 million for its clients in the past year.

As a hedge fund manager, Coleman does not have to disclose his investment in private companies such as Facebook, but he does have to make periodical disclosure on his holdings in public trade companies. GuruFocus readers do not need to rely on speculations to know how his holding fared since September 30, 2010, the last time he disclosed his positions for. Here are the stocks that he owned and that have climbed the most since the 3Q10 end:

TickerCompanyCurrentSharesCurrent PriceChange from AverageEstimated Gain (M$)
PCLNpriceline.com Inc.554,500$409.3847%73
AMZNAmazon.com Inc.830,000$185.0142%45
LCAPALibertyMedia Corp. Capital Common Serie2,666,563$65.1139%49
CVCCablevisionSystems Corp. NY Group7,241,080$34.5033%62

None of the stocks returned more than $100 million for Coleman, but then, this is just one calendar quarter's work.

For value investors, if you are inspired by Coleman and want to follow him, you may want to find out which stocks declined since he purchased. Without speculation, we know there are three stocks that declined more than 20% since he purchased during the quarter ended on September 30, 2010. Click here to check out.

Rating: 2.2/5 (23 votes)


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