Tiger Global Management Still Bullish On Netflix, Loves Anheuser Busch

• Tiger Global Management, a firm run by Chase Coleman, disclosed its long equity positions as of September 30, 2015.
• Over the third quarter, the hedge fund made four new purchases and the closing of 10 stakes.
• The firm’s equity portfolio’s market value fell from $9.78 billion as of the end of the second quarter, to $8.12 billion by the end of the third quarter.

On top of the four new stakes and the closing of another 10, Tiger Global Management increased its exposure to three more stocks, and trimmed it to another seven over the third quarter.

Among new stakes, Anheuser Busch Inbev SA (ADR) (NYSE: BUD) was the largest. Between July and September, the fund purchased 1,885,000 shares of the beer-maker, worth roughly $200 million. This stake makes it one of the 20 largest institutional investor in the company.

Other new positions included Time Warner Cable Inc (NYSE: TWC), Eros International plc (NYSE: EROS) and Arista Networks Inc (NYSE: ANET).

However, Tiger Global’s largest stake continues to be that at Netflix, Inc. (NASDAQ: NFLX), which comprises 17,997,273 shares, or 4.2 percent of the outstanding stock.

On the other hand, among closed out positions were those at Priceline Group Inc (NASDAQ: PCLN), Zillow Group, Inc.- Class A (NASDAQ: ZG) and Liberty Ventures (NASDAQ: LVNTA), among others.

Over the third quarter, Tiger Global more than quadrupled its exposure to Amazon.com, Inc. (NASDAQ: AMZN). The firm now holds 3,193,590 shares of the company, worth more than $1.6 billion.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.