Tiger World Administration, the hedge fund that has leveraged itself extremely to pre-IPO non-public corporations and different high-flying shares, has seen losses for the yr stack as much as 51.8%, Bloomberg Information reported Thursday morning after seeing an investor letter.

Even because the inventory market stabilized in Might, Tiger World’s primary fund nonetheless noticed a 14.2% drop within the month. The was comparatively flat for the month.

On the finish of March, Chase Coleman’s fund held positions in publicly traded shares like Amazon (NASDAQ:), Carvana (NYSE:), Datadog (NASDAQ:), Meta (NASDAQ:), and Snowflake (NYSE:), amongst others, which all noticed their values decline sharply during the last a number of months.

Tiger World declined to touch upon the report.