Tiger Cubs, or students of Julian Robertson, faced a challenging Q1 as high growth tech names took a beating. Chase Coleman's Tiger Global incurred a 33.7% loss. His largest position, $JD, declined by 15% during the quarter. Meanwhile, the fund's third largest position, $SE, took a 46% fall.

In a letter to shareholders obtained by Bloomberg, Tiger Global stated that:

“In hindsight, we should have sold more shares across our portfolio in 2021 than we did.”

However, not all Tiger Cubs faced a similar fate. The resource-focused Impala Asset Management managed a 27.5% return with its Resource Fund and an 11% return with its Flagship Fund. Here are the fund's largest positions as of Q4:

On top of that, Karthik Sarma's SRS Investment Management closed out a 9.6% return, which was accelerated with $CAR as the fund's largest position. The car rental company returned 30% during Q1 and makes up a massive 61.39% of SRS's holdings

The deadline for Q1 13F filings to be submitted to the SEC is May 16th, so it will be interesting to see how/if these funds adjust their positions.