Tiger Global Bolsters Stake In Yahoo, Netflix; Buys Twitter, Zynga

YahooMIH83 / Pixabay

Tiger Global has just released its 13F filing with the Securities and Exchange Commission. During the December quarter, the firm bought into 28 new stocks and increased its position in 15 others. It exited three stocks and cut its holdings in 10 others.

Tiger Global buys Yandex, Zynga, Twitter

Tiger Global made some significant moves into technology companies during the fourth quarter, including Yandex NV (NASDAQ:YNDX), of which the firm purchased 631,000 shares. Tiger Global also bought nearly 9.4 million shares of Zynga In (NASDAQ:ZNGA) and 500,000 shares of Twitter Inc (NYSE:TWTR).

Tiger Global also picked up more than 2 million shares of The Gap Inc. (NYSE:GPS) and 375,000 shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) during the quarter.

Tiger Global adds to Yahoo position

During the December quarter, Tiger Global snapped up an additional 1 million shares of Yahoo! Inc. (NASDAQ:YHOO) and more than 2.6 million shares of Twenty-First Century Fox Inc (NASDAQ:FOXA). The firm also added to its position in Comcast Corporation (NASDAQ:CMCSA), buying almost 650,000 additional shares, and Charter Communications, Inc. (NASDAQ:CHTR), of which he bought more than 60,000 additional shares.

Other notable increases include Netflix, Inc. (NASDAQ:NFLX), of which he bought 223,000 more shares, Dollar General Corp. (NYSE:DG), of which he bought almost 1.9 million more shares, and Priceline.com Inc (NASDAQ:PCLN), of which Tiger Global purchased an extra 137,000 shares during the December quarter. The firm also added more than 1.2 million shares to its position in Tripadvisor Inc (NASDAQ:TRIP) during the quarter.

Tiger Global sells UTi Worldwide

Tiger Global exited UTi Worldwide Inc. (NASDAQ:UTIW) and its call options on Intel Corporation (NASDAQ:INTC) and put options on Mednax Inc. (NYSE:MD).

The firm cut its holdings in Visa Inc (NYSE:V), selling more than 330,000 shares. It also reduced its position in Groupon Inc (NASDAQ:GRPN), dumping more than 6.5 million shares of that company. Other major position reductions include 3D Systems Corporation (NYSE:DDD), of which Tiger Global sold nearly 500,000 shares, and Liberty Media Corp (NASDAQ:LMCA).

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Michelle Jones
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Michelle has been with ValueWalk since 2012 and is now our editor-in-chief. Email her at Mjones@valuewalk.com.