Hedge Fund Tiger Consumer Management Loves These Stocks

Tiger Consumer’s fourth largest holding was Netflix Inc. (NASDAQ:NFLX), a new position for the fund, as it purchased 182,098 shares, worth $62.21 million during the fourth quarter. Netflix Inc. (NASDAQ:NFLX) is a $28.13 billion market cap streaming television service. The company’s stock gained 7.91% during last calendar year. Recently, Netflix Inc. (NASDAQ:NFLX) conducted a senior notes offering, comprised of $700 million of 5.50% senior notes due 2022, and $800 million of 5.875% senior notes due 2025.

As we reported previously, Netflix Inc. (NASDAQ:NFLX) is looking to take over the world with an ambitious plan of covering over 200 countries by 2016, from the current 50. A push for the Chinese market should be a great addition to Netflix Inc. (NASDAQ:NFLX) considering the country is home to more than 1.37 billion people and considered to have one of the fastest growing internet penetration levels.

The latest 13F filing from Carl Icahn shows that the investor held around 1.41 million shares of Netflix Inc. (NASDAQ:NFLX) as of December 31, 2014. Other investors betting big on the company include Coatue Management, which reported holding 1.79 million shares as of the end of 2014.

On the fifth spot is Michael Kors Holdings Ltd (NYSE:KORS), in which Tiger Consumer Management cut its stake to 808,351 shares, worth $60.71 million, from around 1.21 million shares. For the fiscal third quarter ended December 27, 2014, the company posted net income of $303.68 million, or $1.48 per share, compared to $229.64 million, or $1.11 per share, for the same quarter in fiscal 2013.

Other investors that see value in the company include Stephen Mandel’s Lone Pine Capital, which held 11.08 million shares as of December 31, 2014. During the fourth quarter, Rob Citrone’s Discovery Capital Management upped its stake in Michael Kors Holdings Ltd (NYSE:KORS) by over 30% to 3.22 million shares.

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