Billionaire Chase Coleman’s Top Long-Term Picks

#2 FleetCor Technologies, Inc. (NYSE:FLT)

– Shares Owned by Tiger Global Management LLC (as of December 31): 4.57 million

– Value of Holding (as of December 31): $653.20 million

FleetCor Technologies, Inc. (NYSE:FLT) has been a part of Tiger Global Management LLC’s 13F portfolio since the final quarter of 2012. Though the stock of FleetCor Technologies, Inc. (NYSE:FLT) has appreciated by a whopping 165% since then, Tiger Global Management LLC has never cut the position since initiating its stake and only increased it. Billionaire John Griffin‘s Blue Ridge Capital is another major shareholder of the company, it owns almost 2 million shares of FleetCor Technologies, as of December 31. Shares of FleetCor Technologies have appreciated significantly from the 52-week low of $107.56 they reached in February and are currently trading up by 2% year-to-date. On March 15, the company announced that it has agreed to acquire Brazilian electronic toll payment company STP for $1.05 billion. For its fiscal 2016 first quarter, analysts project FleetCor Technologies to report EPS of $1.49 on revenue of 415.64 million, compared to EPS of $1.45 on revenue of $416.20 million it delivered for the same quarter of the previous year.

#1 Vipshop Holdings Ltd – ADR (NYSE:VIPS)

– Shares Owned by Tiger Global Management LLC (as of December 31): 49.50 million

– Value of Holding (as of December 31): $755.86 million

Despite Vipshop Holdings Ltd – ADR (NYSE:VIPS) losing almost 50% of its market capitalization between April and December 2015, Tiger Global Management didn’t lose its faith in the company. Instead, it used the slump to boost its position by 184% during the October-December period. The fund initiated its stake in the Chinese e-commerce player during the last quarter of 2013. Interestingly, another Tiger Cub, Ted Kang of Kylin Management, which also initiated a stake in Vipshop Holdings Ltd – ADR (NYSE:VIPS) during the fourth quarter of 2013, also increased his fund’s stake in the company by 7% to almost 19 million shares during the fourth quarter of 2015. Vipshop Holdings’ stock has continued its downward journey this year too, losing 17.18% year-to-date. On February 25, the company reported EPS of $0.18 on revenue of $2.13 billion for its fiscal 2016 fourth quarter, beating analysts’ expectations of EPS of $0.16 on revenue $1.89 billion. Most analysts who cover the stock are currently bullish on it, citing the company’s strong mobile growth and its repeat customer base. The stock currently sports an average rating of ‘Overweight’ and an average price target of $16.51 from the 22 prominent analysts and research houses that cover it.

Disclosure: None