Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Will Billionaire Chase Coleman’s Tiger Global’s New Bets on Automotive, Tech, and Consumer Stocks Help It Recover from a Bad Year?

Page 1 of 2

Tiger Global Management was founded by former Julian Robertson’s Tiger Management employee Chase Coleman in 2001. Coleman was an early investor in some of the biggest technology companies today. Tiger Global Management invests in private and public markets. Started with just $25 million in seed money from Julian Robertson, the fund has a portfolio value of more than  $8 billion as of the end of December, according to its latest 13F filing. Tiger Global Management’s performance was disappointing in 2016, as the fund lost 15.3%, according to Wall Street Journal. However, the fund revived in January and gained 5.5%.

The filing also showed that Tiger Global Management initiated 12 new stakes and closed two positions, including the one in Apple Inc. (NASADQ:AAPL) during the quarter ended December. The top three stocks amassed over 50% of the portfolio and they include Priceline Group Inc (NASDAQ:PCLN), JD.Com Inc (ADR) (NASDAQ:JD) and Amazon.com, Inc. (NASDAQ:AMZN). In the article below, we will discuss some of the fund’s new picks such as Fiat Chrysler Automobiles NV (NYSE:FCAU), Alphabet Inc. (NASDAQ:GOOGL), TransDigm Group Incorporated (NYSE:TDG), and Domino’s Pizza, Inc.(NYSE:DPZ).

See our list of 140 biggest and most famous activist hedge funds.

We follow over 700 hedge funds and other institutional investors and by analyzing their quarterly 13F filings, we identify stocks that they are collectively bullish on and develop investment strategies based on this data. One strategy that outperformed the market over the last year involves selecting the 100 best-performing funds and identifying the 30 mid-cap stocks that they are collectively the most bullish on. Over the past year, this strategy generated returns of 39.7%, topping the 24.1% gain registered by S&P 500 ETFs. Insider Monkey’s enhanced small-cap strategy registered gains of more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points in the last 4.5 years (see the details here).

TIGER GLOBAL Investor Letter

Fiat Chrysler Automobiles NV (NYSE:FCAU) represents the largest new position in Tiger Global Management’s 13F portfolio, with the fund having acquired 52.74 million shares worth $480.99 million at the end of December. Another investor bullish on Fiat Chrysler Automobiles NV (NYSE:FCAU) was Ken Griffin who bought 1.74 million shares increasing Citadel Advisors’ holding to 2.18 million shares. Though General Motors Company (NYSE:GM) had earlier rejected a proposed merger with Fiat Chrysler Automobiles NV (NYSE:FCAU) in 2015, Fiat CEO Sergio Marchionne still believes that a merger with GM could avoid duplication of technology and result in the most powerful auto company in the U.S. Furthermore, it would also reduce costs of manufacturing smart green cars. In a recent meeting with president Trump, Marchionne pledged to spend billions of dollars to boost production and hiring in the U.S. The stock has already gained more than 26% year-to-date.

Follow Fiat Chrysler Automobiles N.v.
Trade () Now!

Tiger Global Management also added 186,100 shares of Alphabet Inc. (NASDAQ:GOOGL)’s Class A stock during the fourth quarter and reported a $147 million stake in its latest 13F. However, the fund sold 93,377 class C shares of the company, holding 190,500 shares worth $147 million as of the end of December. Larry Robbins‘ Glenview Capital Management increased its stake in Alphabet Inc. (NASDAQ:GOOGL)’s class A stock by 105% to 763,605 shares during the December quarter. Alphabet Inc. (NASDAQ:GOOGL) reported adjusted earnings of $9.36 per share for the fourth quarter, missing the consensus estimate of $9.64, though its revenue of $26.06 billion topped estimates of $25.26 billion. The company missed on earnings because of increased costs of many new initiatives taken in its core business, including content acquisition for YouTube, its Pixel phone and Google Home personal assistant.

Follow Google Inc. (NASDAQ:GOOG)
Trade (NASDAQ:GOOG) Now!

Page 1 of 2