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Billionaire Chase Coleman’s Top Long-Term Picks

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Billionaire Chase Coleman is one of the blue-eyed boys of the hedge fund industry. Having started his career under the mentorship of the hedge fund legend Julian Robertson in 1997, Mr. Coleman started out on his own by founding Tiger Global Management LLC with $25 million in seed money from Mr. Robertson in 2001, at a young age of 26. In the past 15 years, Tiger Global Management LLC has grown by leaps and bounds and has had several years when it outperformed its peers by a wide margin. Over the years, Tiger Global Management LLC has also made its name in the private equity space by backing several companies which have turned out to be ‘unicorns’. Considering Mr. Coleman’s and Tiger Global’s expertise in identifying the best investment opportunities before the rest of the market, we thought of making a list of the stocks that has been part of the Tiger Global’s portfolio for quite some time. In this post, we will be concentrating on the five major long-term holdings of Tiger Global Management.

We track prominent investors and hedge funds because our research has shown that historically their stock picks delivered superior risk-adjusted returns. This is especially true in the small-cap space. The 15 most popular small-cap stocks among a select group of investors delivered a monthly alpha of 80 basis points between 1999 and 2012 (see the details here).

Chase Coleman
Chase Coleman
Tiger Global Management LLC

#5 Mastercard Inc (NYSE:MA)

– Shares Owned by Tiger Global Management LLC (as of December 31): 2.37 million

– Value of Holding (as of December 31): $230.40 million

At the end of 2015, Tiger Global Management LLC owned a stake in Mastercard Inc (NYSE:MA) for eight years running, having first initiated it in the fourth quarter of 2007. Though the fund reduced its stake in the payment processing giant by 5% during the fourth quarter, Mastercard Inc (NYSE:MA) still represented its 12th largest holding at the end of December. Another notable investor that trimmed its exposure to the company during that period was billionaire Stephen Mandel‘s Lone Pine Capital; it brought its holding down by 27% to 6.15 million shares. Mastercard’s stock reached its lifetime high of $101.76 last November and then declined swiftly by almost 20% in the next three months. However, it has recovered since then and now trades down by 7% year-to-date. On February 11, analysts at Bank of America downgraded the stock to ‘Neutral’ from a ‘Buy’ and also lowered their price target on the stock to $92 from $105, which is almost the level at which the stock currently trades at.

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