The hedge fund Tiger Global Management LLC is perhaps one of the more widely followed hedge funds by investors and the media alike. Its latest 13F filing shows 37 positions worth some $8.03 billion, versus 27 positions worth some $6.94 billion at the end of the third quarter. Due to its size, investors pay attention when they buy and sell stocks.
Please Note: This article has been edited due to names and assignments.
Tiger Global Management does not own Apple Inc. (NASDAQ: AAPL) any longer. It was just this week that Apple hit all-time highs, but the 13F filing with the SEC now shows that they have exited the position. The firm’s stake in Apple had more than doubled to about 3.6 million shares, valued at more than $400 million at the end of the third quarter.
It is unknown what price and what day the stake in Apple was sold off, but the share price was $113.05 on the last day of the third quarter of 2016 and Apple’s price was at $115.82 on the last trading day of 2016. It turns out that the Tiger team left some money on the table, because Apple’s stock price hit $135.00 on February 14.
What matters now is what else Tiger’s management team has bought. This is far from a total portfolio view but these are some of the top changes below.
Facebook Inc. (NASDAQ: FB) was listed as a new position of 366,800 shares. This stake in Facebook would be worth close to $50 million in current dollars — versus $42 million at the end of 2016.
Microsoft Corp. (NASDAQ: MSFT) was listed as a new stake of more than 2.1 million shares under Tiger’s 13F filing. In current dollars, that would be worth some $136 million.
Fiat Chrysler Automobiles N.V. (NYSE: FCAU) was perhaps the big surprise here. Tiger now owns about 52.7 million shares of Fiat Chrysler that would be worth about $600 million today. At $11.40 now, this was a $9.12 stock on the last day of 2016, a gain of about 20% from the end of the year.
Amazon.com, Inc. (NASDAQ: AMZN) was a tad smaller at 1,381,929 shares (versus an end of third quarter stake of 1,342,548 shares) but this is a huge position — worth $1.036 billion at the end of 2016.