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Tiger Global Management reduces Big Tech stakes, buys AMD and SpaceX
Tiger Global Management adjusted its portfolio during the second quarter, according to regulatory 13-F filings with the U.S. Securities and Exchange Commission. The hedge fund reduced several major positions in the technology sector, including a 45.4% reduction in Alphabet holdings and a 51% cut to its Broadcom stake.
The firm also exited its entire position in Netflix, which was valued at approximately $234.5 million. Other reductions included stakes in Nvidia, Microsoft, Amazon, Meta Platforms, and Taiwan Semiconductor Manufacturing.
In contrast, the fund increased its exposure to certain companies. Tiger Global more than doubled its stake in Intel to 4.25 million shares and established a new position in Advanced Micro Devices valued at roughly $392 million. The firm also reported a 375,000-share stake in SpaceX, valued at approximately $64.1 million.
Entities
Advanced Micro Devices · Alphabet · Intel · SpaceX · Tiger Global Management
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The fund cut its Broadcom stake by approximately 51%. wdez.com · jack1065.com · kfgo.com
- [● 3 SOURCES] The fund reported a 375,000-share stake in SpaceX. wdez.com · jack1065.com · kfgo.com
- [● 3 SOURCES] Tiger Global Management reduced several Big Tech holdings during the second quarter. wdez.com · jack1065.com · kfgo.com
- [● 3 SOURCES] Alphabet holdings were reduced by 45.4% to 5.81 million shares. wdez.com · jack1065.com · kfgo.com
- [● 3 SOURCES] Tiger Global established a position in Advanced Micro Devices consisting of 674,727 shares. wdez.com · jack1065.com · kfgo.com
- [● 3 SOURCES] The hedge fund exited its entire 2.44 million-share Netflix position. wdez.com · jack1065.com · kfgo.com
- [● 3 SOURCES] Taiwan Semiconductor Manufacturing holdings were reduced by 12.3%. wdez.com · jack1065.com · kfgo.com
- [● 3 SOURCES] The firm more than doubled its Intel stake to 4.25 million shares. wdez.com · jack1065.com · kfgo.com