Facebook Inc (FB), Tesla Motors Inc (TSLA) and Amazon.com, Inc. (AMZN): Tiger Consumer Management’s Top Holdings

The top holdings of Tiger Consumer Management have undergone a complete overhaul as reported in the fund’s latest 13F filing. There is a new top 3 of equity positions, which will be discussed in this article. A member of the “Tiger Club”, the fund is founded and run by Patrick McCormack, a former employee of Tiger Management and legendary investor Julian Robertson. The fund’s equity portfolio has an approximately value of 2.1 billion, down from the 2.18 billion at the end of March 2014. As the name suggests, the fund is mainly invested in consumer stocks, however, tech stocks are an important presence as well – 16% of the portfolio.

Facebook Inc. (FB)

Patrick McCormack is betting big on Facebook Inc (NASDAQ:FB) and has increased his fund’s holding of the stock by 13% during the second quarter of 2014. As reported in its latest 13F filing, Tiger Consumer Management owns 1.67 million shares with an estimated worth of $112 million. Ken Griffin shares McCormack’s optimism about the prospects of Facebook Inc (NASDAQ:FB) and has boosted his fund’s investment in the company by 14% during the same period of time. Griffin’s Citadel Investment Group reportedly holds 4.57 million shares of Facebook Inc (NASDAQ:FB)  worth in excess of $307 million.

Accounting for 5.27% of Tiger Consumer’s equity portfolio, Tesla Motors Inc (NASDAQ:TSLA) is the fund’s second biggest holding. During Q2, McCormack has added approximately 61,000 shares to the fund’s previous position, taking it to 463,789 shares valued at $111 million. Tesla Motors Inc (NASDAQ:TSLA) is also on the radar of John Thaler, who runs JAT Capital Management. The fund holds approximately 950,000 shares of Tesla Motors Inc (NASDAQ:TSLA) reportedly worth $227.8 million, with Thaler having made no changes to the position during the same period of time.

McCormack is also a fan of Amazon.com, Inc. (NASDAQ:AMZN) and was not taken aback by the company’s significant recent rise in operating expenses. In its latest 13F filing, Tiger Consumer has reported an increase of 26% in its holding of Amazon.com, Inc. (NASDAQ:AMZN) to approximately 330,700 shares, which are valued at $107 million. Ken Fisher, the manager of Fisher Asset Management, is also seeing the glass half full and has boosted his fund’s stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6% to 2.46 million shares worth about $801 million.

Disclosure: none.

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