Tiger Global Is Into Consumer Discretionary, Tech Segments In Latest 13F

Tiger Global Management, the hedge fund managed by 39-year-old Chase Coleman, filed its fist quarter 13F with the SEC on Friday. The firm disclosed its long equity positions as of March 31, worth about $8.47 billion in the market.

After adding 25 new stocks, boosting its stakes in another 11, selling out of 12, and reducing its holdings in 8, the fund’s portfolio is allocated 45 percent to consumer discretionary stocks and 34 percent to information technology companies.

Below is a summary of the most interesting transactions.

Increased Exposure

The fund’s largest bet was placed on JD.Com Inc(ADR) (NASDAQ: JD). After quadrupling its exposure, Tiger Global disclosed ownership of $614,669,000 in stock (20,921,329), which account for 6.74 percent of its total equity portfolio.

The stake in Netflix, Inc. (NASDAQ: NFLX) was boosted by 19 percent between January and March, to 155,877 shares of Common Stock worth almost $65 million.

New Positions

Among newcomers, Priceline Group Inc (NASDAQ: PCLN) occupied the highest place in Tiger Global’s list, ranking No. 7 in terms of market value. Over the first quarter, the firm acquired 414,817 shares of Common Stock, worth more than $482 million by the time of the 13F filing.

Closed Out Stakes

Among the 12 stocks over the quarter, the fund sold out:

• 2,036,483 shares of 3D Systems Corporation (NYSE: DDD)
• 1,795,992 shares of GoPro Inc (NASDAQ: GPRO)
• 4,999,500 shares of King Digital Entertainment PLC (NYSE: KING)
• 600,000 shares of Stratasys, Ltd. (NASDAQ: SSYS)
• 1 million shares of Mobileye NV (NYSE: MBLY)
• 1,240,000 shares of GrubHub Inc (NYSE: GRUB)