Tiger Global’s Trades During Q1 Included Selling Apple Inc. (AAPL), Buying News Corp (NWSA)

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Liberty Media. The fund reported ownership of 5.5 million shares of Liberty Media Corp (NASDAQ:LMCA), making the $15 billion market cap company Tiger Global’s new largest holding. Liberty Media Corp (NASDAQ:LMCA) owns baseball’s Atlanta Braves and has ownership stakes in a number of other companies including DirecTV (NASDAQ:DTV). The company completed its spinout of Starz in January of this year, and recently acquired a large stake in Charter Communications; in doing so, it agreed to limit its ownership of Charter to less than 35% for the next few years and won four seats on the company’s Board of Directors.

We think that investors should be considering News Corp (NASDAQ:NWSA) ahead of its breakup, as there is quite a bit of potential for value creation there and the business seems to have significant tailwinds behind it as is. Even with Tiger Global dumping Yandex NV (NASDAQ:YNDX) and Apple Inc. (NASDAQ:AAPL), there is enough interesting about either stock- the rapid growth of earnings at Yandex, and Apple Inc. (NASDAQ:AAPL) facing quite low expectations in the market- that these companies are at least worth checking out in our view even if they do no turn out to be good picks at this time.

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

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