Tiger Management filed its latest 13F with the Securities Exchange Commission, reporting activity for the June quarter. The firm bought 11 new stocks and increased its position in 14 others. Tiger also exited 18 stocks and cut its holdings in 12 others.
At the end of the June quarter, the firm’s top five holdings were: Gilead Sciences, Inc. (NASDAQ:GILD), Tableau Software Inc (NYSE:DATA), Facebook Inc (NASDAQ:FB), Delta Air Lines, Inc. (NYSE:DAL) and Google Inc (NASDAQ:GOOGL).
Themes for the next decade: Cannabis, 5G, and EVs
Tiger Management raises Tableau, Facebook, adds Citigroup, Pandora Media
During the second quarter, Tiger Management increased its position in Tableau Software, buying up an additional 336,400 shares, Facebook, snapping up 323,300 more shares, and Gilead Sciences, of which Tiger bought 98,591 additional shares. The firm also added to its position in Nokia Corporation (ADR) (NYSE:NOK), buying an additional 17,800 shares. Other position increases of note include Apple Inc. (NASDAQ:AAPL) and The Ensign Group, Inc. (NASDAQ:ENSG).
Some of the firm’s key additions to its portfolio were Citigroup Inc (NYSE:C), of which it bought 267,800 shares, and Pandora Media Inc (NYSE:P), of which it purchased 39,500 shares. Tiger also bought into Netflix, Inc. (NASDAQ:NFLX) during the quarter, grabbing up 29,000 shares. Other new positions of note include Google, Micron Technology, Inc. (NASDAQ:MU), Baidu Inc (ADR) (NASDAQ:BIDU),
Tiger Management reduces Delta Air Lines, Valero Energy
Tiger Management’s biggest exit of the quarter was Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), as it sold more than 1.1 million options to exit the position. The firm also sold off all of its options on 312,300 shares of eBay Inc (NASDAQ:EBAY) and all options for 317,700 shares of Metlife Inc (NYSE:MET) it held.
Although Delta Air Lines remained in Tiger’s top five holdings list, the firm did cut 184,000 shares from its holdings. The firm also reduced its position in Advanced Micro Devices, Inc. (NYSE:AMD) by 152,000 shares and its stake in Valero Energy Corporation (NYSE:VLO) by 151,700. Other position reductions came in Post Holdings Inc (NYSE:POST), American Airlines Group Inc (NASDAQ:AAPL), and E TRADE Financial Corporation (NASDAQ:ETFC).