Editor’s Note: Related tickers: Liberty Media Corp (NASDAQ:LMCA), Charter Communications, Inc. (NASDAQ:CHTR), Starz (NASDAQ:STRZA), Sirius XM Radio Inc (NASDAQ:SIRI), Dollar General Corp. (NYSE:DG), Family Dollar Stores, Inc. (NYSE:FDO), Dollar Tree, Inc. (NASDAQ:DLTR), Wal-Mart Stores, Inc. (NYSE:WMT), Carter’s, Inc. (NYSE:CRI), Netflix, Inc. (NASDAQ:NFLX)
There is no shortage of news surrounding Chase Coleman and Feroz Dewan’s rapid rise to wealth and success as co-portfolio managers of one of the world’s largest hedge funds. By surrounding themselves with talent, Tiger Global Management has an AUM that has stretched into the billions of dollars. We have taken a close look at the fund’s most recent 13F filing for the first quarter of 2013. This vital data has helped us to develop a strategy that has proven to beat the market by an average of 18 percentage points per year; learn more here. Read on to see our take on the top new equity positions made by Tiger Global according to its most recent 13F.
Liberty Media Corp (NASDAQ:LMCA) stands atop Tiger’s new initiations with a purchase of nearly 5.5mm shares, valued at $610mm at the date of report (those 5.5mm shares would be worth $675mm as of May 29). Much of that increase has occurred in May, with the stock up 12% in that time alone. Liberty Media Corp (NASDAQ:LMCA) has been acquisition-hungry since its Starz (NASDAQ:STRZA) spin-off, including a recent purchase of a 27% stake in Charter Communications, Inc. (NASDAQ:CHTR). Billionaire Warren Buffett of Berkshire Hathaway recently made headlines by disclosing his $630mm stake in the company, and most expect its Sirius XM Radio Inc (NASDAQ:SIRI) stake to deliver value in some form or another down the road, the exact process is still unknown, however; read about Buffett’s major positions here.
Dollar General Corp. (NYSE:DG) lands in the second spot, with the low-price retailer receiving a $270mm investment from Tiger, working out to 5.3mm shares. This year has been incredibly kind to Dollar General Corp. (NYSE:DG) investors so far, pushing the stock up to the tune of 23%. Dollar General Corp. (NYSE:DG) joins a host of other dollar stores like Family Dollar Stores, Inc. (NYSE:FDO) and Dollar Tree, Inc. (NASDAQ:DLTR) in competing with Wal-Mart Stores, Inc. (NYSE:WMT) for shoppers, although a new Bloomberg Industries study shows Wal-Mart Stores, Inc. (NYSE:WMT) prices to be lower in most cases. The company plans to hire 10,000 new workers to fill needs in its retail and distribution centers. Billionaire Thomas Steyer of Farallon Capital carries over 4mm shares; view his top holdings here.