Tiger Global Management’s hedge fund, managed by Chase Coleman and Feroz Dewan, made waves last year by reporting big gains. Tiger Global manages more than $14 billion in hedge fund and private equity/venture capital investments. Tiger Global Management’s latest 13f shines on tech stocks, as usual. The reported long portfolio has jumped to $7.1 billion from $5.9 billion in the last quarter.
In the firm’s top holdings, Apple Inc. (NASDAQ:AAPL) takes 12 percent of the $7.1 billion portfolio. The hedge fund sold 100,000 shares of Apple Inc. (NASDAQ:AAPL) in the last quarter. Other top holdings include Yandex NV (NASDAQ:YNDX), 8.5 million shares were sold in the last quarter. The third largest holding, Google Inc (NASDAQ:GOOG), was cut by 22 percent. Holdings in Priceline.com Inc (NASDAQ:PCLN) were also decreased slightly. Tiger Global added 25 million shares of Yahoo! Inc. (NASDAQ:YHOO), making it the fifth largest holding.
Carlson Capital's Black Diamond Arbitrage Partners fund added 1.3% net fees in the first quarter of 2021, according to a copy of the firm's March 2021 investor update, which ValueWalk has been able to review. Q1 2021 hedge fund letters, conferences and more At the end of the quarter, merger arbitrage investments represented 89% of Read More
Tiger Global also bought another 370,000 Call options in Apple Inc. (NASDAQ:AAPL) stock, taking the total options to 1.2 million.
Other than Yahoo Inc, Tiger Global also reported new stakes in Burger King Worldwide Inc (NYSE:BKW), Moody’s Corporation (NYSE:MCO), Mellanox Technologies, Ltd. (NASDAQ:MLNX), Charter Communications, Inc. (NASDAQ:CHTR), Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR), Groupon Inc (NASDAQ:GRPN), and several more.
In the top tens, the hedge fund increased shares in Facebook Inc (NASDAQ:FB) by almost 500 percent, buying another 9.79 million shares. Tiger Global bought Facebook Inc (NASDAQ:FB) in Q2 2012. Baidu.com, Inc. (NASDAQ:BIDU) was also increased by adding another 670,000 shares. More shares of the online retailer, Amazon.com, Inc. (NASDAQ:AMZN), were also bought in the last quarter.
Other than the reductions mentioned in the top five holdings, the fund also sold some of its holdings in Live Nation Entertainment, Inc. (NYSE:LYV), Linkedin Corporation (NYSE:LNKD), Liberty Global Inc. (NASDAQ:LBTYA), Genpact Limited (NYSE:G), and Deckers Outdoor Corp (NASDAQ:DECK).
Tiger Global sold its complete stake in HomeAway, Inc. (NASDAQ:AWAY), Qihoo 360 Technology Co Ltd (NYSE:QIHU), SUPERVALU INC. (NYSE:SVU), and Ubiquiti Networks Inc (NASDAQ:UBNT).