Tiger Management is a top hedge fund to watch. Founded by now-retired Julian Roberston, it has trained some of the leading investors in the world, including “Tiger Cubs” Chase Coleman, Chris Shumway and Lee Ainslee. During the fourth quarter of the year, Tiger made a number of adjustments to its investment portfolio, which encompasses 43 holdings.
Tiger Management’s New Positions
Tiger Management initiated 33 new positions during Q4, which now collectively comprise 58.50% of his fund. Its most significant buys were Himax Technologies Inc. (NASDAQ:HIMX) and Valero Energy Corp. (NYSE:VLO). It also picked up shares of iBillionaire Index (NYSE:BILLION) holding Apple Inc. (NASDAQ:AAPL) as well as market favorites MetLife (NYSE:MET) and Facebook (NASDAQ:FB).
Himax is a semiconductor manufacturer that produces items for cameras, smartphones and tablets. It is also a key provider for Google Inc. (NASDAQ:GOOG). Now composing 8.85% of the Tiger fund, Himax reported a 4.5% jump in revenue in 2013.
Khrom Capital was up 32.5% gross and 24.5% net for the first quarter, outperforming the Russell 2000's 21.2% gain and the S&P 500's 6.2% increase. The fund has an annualized return of 21.6% gross and 16.5% net since inception. The total gross return since inception is 1,194%. Q1 2021 hedge fund letters, conferences and more Read More
Valero Energy Corporation is America’s largest independent petroleum refining company. It produces conventional gasoline, biofuels and premium products and delivered stellar results in 2013. Valero now has a 7.68% allocation in the Tiger Management portfolio.
Tiger Management’s Increased Positions
Tiger Management increased no positions during Q4.
Tiger Management’s Decreased Positions
Ten allocations in the Tiger Management portfolio were reduced last quarter. The list includes Gilead Sciences (NASDAQ:GILD), eBay (NASDAQ:EBAY), Google (NASDAQ:GOOG) and MasterCard (NYSE:MA), the latter two being constituents of the iBillionaire Index. None of these companies are performing poorly and, in fact, quite the opposite.
Tiger Management’s Sold Out Positions
Tiger Management cashed out of 33 positions during Q4, including some of its most significant allocations from Q3, DigitalGlobe Inc. (NYSE:DGI) and Royal Caribbean (NYSE:RCL).
Last week, DigitalGlobe revealed some less-than-impressive quarterly results, missing the mark on a number of fronts, especially revenue. It is down -24.18% YTD.
Here’s where else Tiger Management sold out: