market folly

Chase Coleman's hedge fund firm Tiger Global now owns 5.3% of TransDigm Group (TDG) with 2.78 million shares, per a 13G filed with the SEC.  The filing was made due to portfolio activity on March 6th.

This is up from the 1.91 million shares they previously owned at the end of 2017.  We've also posted about some other recent portfolio activity from Tiger here.

Per Google Finance, TransDigm Group is "a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. The Airframe segment includes operations that primarily develop and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls, engineered latching and locking devices, and seat belts and safety restraints."