180-degree turn! Tiger Global increases holdings of tech giants "FAMG" in Q3, positions in PDD and Alibaba

Zhitong App has learned that according to the disclosure of the U.S. Securities and Exchange Commission (SEC), Tiger Global has submitted its third-quarter (Q3) holdings report (13F) as of September 30, 2023.

According to statistics, Tiger Global's total market value of holdings in the third quarter reached $13.6 billion, an increase of approximately 13% compared to the previous quarter's total market value of $12 billion. The company added 9 stocks to its investment portfolio in the third quarter, increased its holdings in 16 stocks, reduced its holdings in 7 stocks, and liquidated its holdings in 2 stocks. The top ten holdings accounted for 71.84% of the total market value.

Among the top five major holdings, META (META.US) still ranks first with approximately 8.9 million shares, with a market value of approximately $2.671 billion, an increase of 3.86% in the number of shares compared to the previous quarter, accounting for 19.69% of the investment portfolio.

Microsoft (MSFT.US) ranks second with approximately 6.13 million shares, with a market value of approximately $1.936 billion, an increase of 8.16% in the number of shares compared to the previous quarter, accounting for 14.27% of the investment portfolio.

Apollo (APO.US) ranks third with approximately 12.29 million shares, with a market value of approximately $1.103 billion, a decrease of 0.45% in the number of shares compared to the previous quarter, accounting for 8.13% of the investment portfolio.

Take-Two Interactive Software (TTWO.US) and Alphabet Inc. Class A (GOOGL.US) rank fourth and fifth, with market values of $738 million and $698 million respectively, accounting for 5.44% and 5.15% of the investment portfolio.

Tiger Global established positions in Pinduoduo (PDD.US), Alibaba (BABA.US), DoorDash (DASH.US), Arm Holdings (ARM.US), and liquidated positions in lease-to-own platform Katapult (KPLT.US) and cross-border payment platform DLocal (DLO.US).

In terms of changes in holdings ratio, the top five stocks purchased include Sea Limited (SE.US), NVIDIA (NVDA.US), Alphabet Inc. Class A, Elastic NV (ESTC.US), and Pinduoduo. The main stocks sold include Intuit (INTU.US), BOSS Zhipin (BZ.US), ServiceNow (NOW.US), Pagaya Technologies (PGY.US), etc.

Overall, unlike the significant reduction of holdings in the technology giants "AAMG" (Amazon, Apple, Microsoft, Google) in the second quarter, Tiger Global Fund increased its holdings in "FAMG" (Meta, Amazon, Microsoft, Google) in the third quarter and continued to be optimistic about AI-related stocks such as NVIDIA and TSMC (TSM.US).