Patrick McCormack's Tiger Consumer Management is one of the many hedge funds seeded by Julian Robertson, the founder of Tiger Management, and like other of these so-called "Tiger seeds" it is housed at the same Park Avenue address Robertson's legendary firm once called home. Obviously, as the name implies, Tiger Consumer Management is focused on the consumer sector.
Patrick McCormack's Tiger Consumer Management is one of the many hedge funds seeded by Julian Robertson, the founder of Tiger Management, and like other of these so-called "Tiger seeds" it is housed at the same Park Avenue address Robertson's legendary firm once called home. Obviously, as the name implies, Tiger Consumer Management is focused on the consumer sector.
In a 2010 letter to investors, Patrick McCormack outlined his strategy for Tiger Consumer Management:
"We do not engage in market timing and therefore do not change our net exposure based on a market or economic view (last quarter's letter discusses how we determine gross and net exposure). The two governing factors to our growth are liquidity and research capacity. We have and will continue to maintain a highly liquid portfolio. At present, assuming our trades accounted for 20% of average daily volume for each stock, 100% of the portfolio could be liquated [sic] in ten days or less. From a research capacity perspective, we currently have about 300 consumer companies in our active universe and will seek to maintain and grow this over time as we increase assets under management."
| Fund Name: | Tiger Consumer Management |
| Manager | Patrick Mccormack |
| Portfolio Value | $2,148,676,000 |
| Change This QTR | +1.05% |
| No. | Security | Ticker | Shares | Value (x$1000) | Activity | % Port |
|---|---|---|---|---|---|---|
| 1.) | GOOG | 192,484 | $136,159 | +7% |
6.33% | |
| 2.) | KRFT | 2,754,500 | $125,247 |  |
5.82% | |
| 3.) | HD | 1,930,586 | $119,407 | +29% |
5.55% | |
| 4.) | V | 737,975 | $111,862 | +125% |
5.2% | |
| 5.) | LBTYA | 1,674,814 | $105,446 | |
4.9% | |
| 6.) | CTRX | 2,082,583 | $98,090 | +138% |
4.56% | |
| 7.) | FB | 3,456,612 | $92,014 | +95% |
4.28% | |
| 8.) | PCLN | 147,606 | $91,573 | -5% |
4.26% | |
| 9.) | DG | 2,056,887 | $90,688 | +2% |
4.22% | |
| 10.) | HOT | 1,557,792 | $89,355 | |
4.15% |
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