Tiger Global reshapes its portfolio with bold tech bets and key exits
Tiger Global Management has made several changes to its portfolio this quarter. The investment firm has increased its stake in several companies, while exiting and reducing positions in others.
Tiger Global Management has boosted its holdings in Block (XYZ) to 4.42 million shares, up from 3.94 million. The firm also took new stakes in MongoDB (MDB) with 341,000 shares and Netflix (NFLX) with 201,900 shares this quarter. Additionally, it increased its positions in Broadcom (AVGO), Coupang (CPNG), GE Vernova (GEV), and Amazon (AMZN), with the latter seeing an increase to 11.04 million shares.
On the other hand, Tiger Global Management has exited its positions in Eli Lilly (LLY) and CrowdStrike (CRWD). It also reduced its stakes in Reddit (RDDT), Sherwin-Williams (SHW), and Meta Platforms (META). Notably, the firm's Meta Platforms holding was cut significantly, from 7.53 million to 2.82 million class A shares. Furthermore, Tiger Global Management took a new stake of 60,000 class A shares in Figma (FIG).
Tiger Global Management's portfolio changes this quarter reflect a mix of new investments, increased stakes in several companies, and reduced or exited positions in others. The firm's moves indicate a continued focus on tech and growth stocks, with significant increases in Amazon and Netflix, while also trimming positions in companies like Meta Platforms and Sherwin-Williams.
