Just a couple of days ago, we did an article on how Tiger cubs are shorting the same companies in European equities and we speculated that some of them will have a long position in Herbalife Ltd. (NYSE:HLF) since one cub, Patrick McCormack is long HLF; it turns out that we were right after all.
Coatue Management initiated a position in Herbalife Ltd. (NYSE:HLF) with 850,000 shares in Q4, as per the 13f filed with SEC, the reported market value of the position is about $28 million. As expected, Patrick McCormack’s Tiger Consumer also added another 874,244 shares of Herbalife to its portfolio.
In August, Mohnish Pabrai took part in Brown University's Value Investing Speaker Series, answering a series of questions from students. Q3 2021 hedge fund letters, conferences and more One of the topics he covered was the issue of finding cheap equities, a process the value investor has plenty of experience with. Cheap Stocks In the Read More
Like Blue Ridge Capital, both Coatue Management and Tiger Global bought a position in Workday Inc (NYSE:WDAY). However the share of Coatue and Tiger Global are much smaller than Blue Ridge’s 6.8 percent stake of WDAY’s outstanding outstanding. The combined stake of Tiger cubs is now 2.4 million shares of Workday Inc (NYSE:WDAY).
Both Coatue and Joho Capital bought new positions in Yelp Inc (NASDAQ:YELP).
More Picks & Exits
Tripadvisor Inc. (NASDAQ:TRIP) was bought by Tiger Consumer in Q4, the position was sold this quarter by Blue Ridge and has been maintained by Marble Arch Investments.
Visa Inc. (NYSE:V) is also a Tiger favorite; Coatue opened a new position in the stock, while Tiger Global slightly reduced its holding and Tiger Consumer doubled its holding in the company in Q4. Liberty Global Inc. (NASDAQ:LBTYA) is another Tiger favorite; Coatue and Blue Ridge maintained their positions and Tiger Global cut its holding it by 60 percent while Tiger Consumer initiated a new position with 1.67 million shares.
Both Coatue Management and Tiger Global exited Chipotle Mexican Grill, Inc. (NYSE:CMG) in last quarter.
Other than the above stock picks, lets take a look at few specific positions among the cubs.
Apple Inc. (NASDAQ:AAPL)
Apple Inc. (NASDAQ:AAPL) is closely watched both because of the fall in the stock price in Q4 and also because of David Einhorn’s recent activism to change the board’s proposal on preferred stock.
Tiger Consumer exited the position entirely in last quarter, Tiger Global sold 260,000 shares of the company but still holds 1.05 million shares, the firm closed all Call options in Apple. Coatue Management cut its position in Apple Inc. (NASDAQ:AAPL) to half in Q4. Julian Robertson’s Tiger Management cut position in Apple to half of previous holding.
Blue Ridge reduced holding in Apple by 19 percent, but still holds 530,000 shares of the stock.
Netflix, Inc. (NASDAQ:NFLX)
The recent rally in Netflix, Inc. (NASDAQ:NFLX) has initiated a string of new or largely increased positions in the company and we expect more to be filed in the day. Coatue also opened a new holding in Netflix, Inc. (NASDAQ:NFLX) with 1.27 million shares
Groupon Inc. (NASDAQ:GRPN)
Chase Coleman made a huge addition to his stake in Groupon Inc. (NASDAQ:GRPN), jumping from 1.3 million to 65 million shares of the social media company. Coatue Management initiated a position in Groupon Inc. (NASDAQ:GRPN) with about 7.5 million shares in Q4.
Tiger cubs showed mixed movements in Amazon.com, Inc. (NASDAQ:AMZN), Coatue and Blue Ridge cut stakes by more than 50 percent while Tiger Global bought another 760,000 shares.
Molycorp Inc (NYSE:MCP), Coatue Management exited entire position while Blue Ridge initiated a fresh stake.
Facebook Inc. (NASDAQ:FB), Tiger Consumer increased stake by 94 percent to 3.45 million shares, Tiger Global exited stake of 11.7 million shares, Coatue cut its Facebook Inc (NASDAQ:FB) holding to half.