Did Dominos Pizza Inc (DPZ) Shares Go Up Because of Tiger Global Management?

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Three days ago Tiger Global Management, founded by billionaire Chase Coleman, disclosed a 612K share position in Dominos Pizza Inc (NYSE:DPZ) as of December 31st. Dominos Pizza Inc (DPZ) shares were trading at $160 at the end of last year and gained 27% so far this year. Today Tiger Global disclosed that it purchased 2.4 million additional shares through February 7th. More than 1.5 million shares traded on February 7th vs. 438K shares today.

Hedge funds tracked by Insider Monkey collectively owned less than $1 billion worth of shares at the end of last year. Personally I prefer to dine at one of the oldest pizza places in NYC, but Chase Coleman must be a huge fan of Dominos’ pizza. Tiger Global’s position in the stock is now worth more than $550 million.

TIGER GLOBAL Investor Letter

You can see the details of Tiger Global’s transaction below:

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Tiger Global Management 0 3,000,000 0 3,000,000 3,000,000 6.2%
Charles P. Coleman III 0 3,000,000 0 3,000,000 3,000,000 6.2%
Scott Shleifer 0 3,000,000 0 3,000,000 3,000,000 6.2%
Chase Coleman
Chase Coleman
Tiger Global Management LLC

Page 1 of 9 – SEC Filing

Under the Securities Exchange Act of 1934
(Amendment No.)*
Domino’s Pizza, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
February 7, 2017
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[_]  Rule 13d-1(b)
[X]  Rule 13d-1(c)
[_]  Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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