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Tiger Global Management has increased its holdings of tech giants including Netflix, Amazon, Alphabet and more.
The positions are from a public document known as a 13F, which funds must file every quarter.

Billionaire Chase Coleman’s Tiger Global Management has increased its bets on some of Wall Street’s hottest tech stocks, according to documents filed Tuesday.

Among the fund’s $134.6 billion worth of holdings disclosed for third quarter of 2017 was a 711% increase in shares of Netflix — which now makes up $553.8 million of the fund’s portfolio.

According to the 13F, Tiger also made the following tech sector moves during last quarter, according to analysis by Bloomberg:

Increased its Amazon holdings by 24% to 1.54 million shares, worth $1.48 billion
Increased its Facebook holdings by 240% to 1.81 million shares, worth $308.8 million
Increased its Alibaba holdings by 4.4% to 4.54 million shares, worth $783.5 million
Sold off all its shares of Alphabet A and C shares, worth a combined $66.4 million.

The quarterly filing, called a 13F, lists the long stock positions of investment firms. The positions are current as of 45 days prior, so it is possible that Tiger Global has since changed its positions.

Tiger Global …read more


Source:: Businessinsider – Finance

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