Reddit has nearly tripled in recent months, and one major hedge fund made a $1 billion bet last quarter as it soared

• Coature Management has revealed a billion dollar Reddit share as of the fourth quarter.

• Reddit Stock has been rupture, almost three times since October amid strong profits.

• The hedge fund also revealed a decrease in Chinese stocks and new positions in many technology names.

The wager of the hedge fund he closely followed I responded The last quarter stock.

Coratue Management, a hedge box led by former Tiger Management Officer Philip Lavont, has reported a 6.5 million share in the social media company in the latest 13F.

The deposit, which was made with SEC last week until December 31, revealed that the Reddit share valued at about $ 1.1 billion constituted about 3.6 % of a $ 59 billion Coature portfolio of shares.

according to BloombergThe hedge fund returned by 19 % in 2024 compared to the S&P 500 by 23 %.

The Corporation's hedge fund has recently proven in the social media company that it is already profitable if the stocks may be held so far this year.

Based on the current prices, the value of the Coature's Reddit share is about $ 1.2 billion, and it represents a general profit of $ 141 million, assuming that the hedge fund is still clinging to the arrow.

While the exact price of the fund for the stock is unknown, Reddit 14 % has increased since 2025 and increased by 193 % in the past five months. Meanwhile, the S&P 500 has returned by 4 % of the year.

The large gains have been drove over the past few months According to a profit report in the third strong quarter Issued in late October. The company revealed a sudden profit, the growth of revenue on an annual basis of 68 %, and an increase of 47 % in daily active users.

The arrow reached its climax at about $ 228 per share on February 10 and decreased by 20 % since then. Investors still underestimate Redit's fourth profits last week, which revealed an increase of 52 % in expenses and traffic hugs due to a change in the Google search engine.

“We expect Reddit to continue making progress by full diversification with strong growth in revenues and improving profitability,” JPMorgan wrote in a recent note, adding that future changes in Google Search poses long -term risks.

The bank evaluates Reddit in “Neutral” and is believed to be traded with a fair value with the price goal of $ 185.

The other important moves carried out by Coature during the fourth quarter included a wide sale of Chinese stock holdings and newly established parking lots in Charles Schwaband to be sureand OctaAnd Datadog.

The three largest holdings of the hedge fund were from December 31 Amazonand Definition platformsAnd Taiwan semiconductor manufacturer.

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