Tiger Consumer Management’s Top Stock Picks Include Google Inc (GOOG)

McCormack and his team increased their stake in The Home Depot, Inc. (NYSE:HD), which is currently a common way to speculate on a booming housing market, by 29% to a total of 1.9 million shares. Up 43% in the last year, Home Depot currently carries trades at 23 times trailing earnings. The company has been doing quite well recently: in the fiscal quarter ending in early February, sales were up 14% compared to the same period in the previous fiscal year and earnings rose 32%. Billionaire Ken Fisher’s Fisher Asset Management owned 8.3 million shares of Home Depot at the beginning of 2013 (check out Fisher’s stock picks).

Visa Inc (NYSE:V) was another of the fund’s top stock picks. Credit card stocks have generally been doing well in the last year, and Visa is no exception with a 36% rise in the stock price. Interestingly, Robertson himself and some other Tiger Cubs were selling Visa between October and December (research more trades billionaire Julian Robertson has been making). Visa’s forward earnings multiple, based on expected earnings for the fiscal year ending in September 2014, is 19. However, the company has been performing well on both top and bottom lines.

Tiger Consumer Management initiated a position of 1.7 million shares in Liberty Global Inc. (NASDAQ:LBTYA). The $18 billion market cap cable TV, Internet, and phone company is a favorite of many hedge funds including Tiger Global Management, a fellow Tiger Cub fund (see more stocks Tiger Global was buying). While the earnings multiples are high at this time, Wall Street analysts are projecting high growth for the next several years and their trajectory brings the five-year PEG ratio down to 1.

Disclosure: I own no shares of any stocks mentioned in this article.