Forbes – Tiger Global Management in past months discreetly sold a stake in the largest public U.S. gun company, as critics vilified the firearm industry following the Sandy Hook Elementary massacre.
Tiger Global established a sizable position in Sturm, Ruger that placed it among the $991 million company’s largest shareholders. According to the investment firm’s most recent SEC filling, it owned 800,000 shares as of Sept. 30, a 4.2% stake in Ruger then worth $40 million. Tiger Global amassed the position in the third quarter when the stock traded between $40.15 and $49.49.
