Billionaires Julian Robertson and Chase Coleman Like the Same Stocks

Moving on to Netflix Inc. (NASDAQ:NFLX), which is another stock held by the two “Tigers”. The company represents Tiger Global Management’s second-largest equity position and is on the third spot in Robertson’s 13F portfolio, as of the end of June. However, Chase Coleman’s fund boosted its stake by 16.91 million shares and disclosed ownership of nearly 18 million shares worth $1.69 billion in its latest 13F filing. On the other hand, Julian Robertson trimmed its stake by 10% on the quarter to 445,900 shares, worth $41.85 million. Both positions take into account the seven-for-one stock split in July.

Netflix’s stock has been riding a continuous uptrend since the start of the year, skyrocketing by over 154% year-to-date (adjusted for the split). Even though the stock has reached another all-time high earlier this month of over $129, analysts suggest the stock can go even higher. Just recently, Raymond James has raised the price target on Netflix to $140 from $120. Netflix has formulated a good business model, has demonstrated the ability to manage its fast-growing business, and has established a lead over current and potential late-coming competitors. So the company’s recent performance does not surprise anyone. Even more to that, the stock split, which reduced Netflix’s share price from $700 to $100, turned out to be well-received by investors. The split eventually made the company more affordable for smaller investors, which in turn attracted more capital. Karthik Sarma’s SRS Investment Management also holds a significant stake in Netflix, which contains 10.22 million shares as of the end of June.

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