Tiger Global

Q4 2017 13F · by Chase Coleman, CIO

As of: Dec 31, 2017
Filed: Feb 14, 2018
US stock: $12.5B · prev $14.6B
Positions: 49 · prev 46
Options notional: $131M
Documents: 1· no amendments

Picture99.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 99.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.6%
Calls at notional value 0.5%

Moves45 since the prior filing

+7.9 pp in · −8.6 pp out

New 9 +2.17 pp
Added 7 +5.69 pp
Trimmed 18 −6.79 pp
Exited 6 −1.78 pp

Options: 5 moves on a notional base, in the table below.

The book

Concentrated · behaves like 14 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 23% a year, about 4.3 years per position

Low
Moderate
High

Top 5 positions51% of US stock

JD JD.com, Inc. trimmed+0.66 pp trimmed+0.6613.5%
unresolved Priceline Grp Inc trimmed−1.90 pp trimmed−1.9011.1%
AMZN Amazon.Com Inc trimmed+0.32 pp trimmed+0.3210.4%
unresolved Apollo Global Management LLC added+2.14 pp added+2.149.1%
DESP Despegar.com Corp held held6.6%

Positions49 in this filing · 6 exited


JDJD.com, Inc.	13.48%	40,780,493	$1.7B	trimmed−17%	+0.66 pp	13 q
unresolvedPriceline Grp Inc	11.13%	802,612	$1.4B	trimmed−23%	−1.90 pp	9 q
AMZNAmazon.Com Inc	10.42%	1,116,150	$1.3B	trimmed−27%	+0.32 pp	11 q
unresolvedApollo Global Management LLC	9.14%	34,222,807	$1.1B	added+1%	+2.14 pp	4 q
DESPDespegar.com Corp	6.62%	30,204,172	$830M	held	—	2 q
MSFTMicrosoft Corp	6.54%	9,586,886	$820M	trimmed−9%	+1.20 pp	5 q
BABAAlibaba Group Holding Limited	5.23%	3,801,545	$656M	trimmed−16%	−0.12 pp	6 q
TDGTransDigm Group Incorporated	4.21%	1,919,605	$527M	trimmed−41%	−1.49 pp	5 q
METAMeta Platforms, Inc. Class A	3.41%	2,423,177	$428M	added+34%	+1.30 pp	5 q
unresolvedFiat Chrysler Automobiles NV s	3.15%	22,125,000	$395M	trimmed−11%	+0.11 pp	5 q
DPZDomino's Pizza Inc.	3.13%	2,075,400	$392M	trimmed−11%	−0.03 pp	5 q
NFLXNetFlix Inc	2.69%	1,754,299	$337M	trimmed−43%	−1.09 pp	4 q
TALTAL Education Group	2.39%	10,067,238	$299M	added+2%	+0.12 pp	5 q
unresolvedNew Oriental Ed & Tech Grp I	2.15%	2,870,008	$270M	added+27%	+0.79 pp	5 q
FLTCorpay, Inc.	2.12%	1,378,146	$265M	trimmed−51%	−0.84 pp	19 q
RDFNRedfin Corporation	1.92%	7,690,091	$241M	held	—	2 q
ADSKAutodesk Inc	1.81%	2,160,523	$226M	added+77%	+0.87 pp	2 q
CMCSAComcast Corp	1.60%	5,020,000	$201M	trimmed−31%	−0.31 pp	6 q
QSRRestaurant Brands International Inc.	0.93%	1,900,000	$117M	trimmed−24%	−0.16 pp	9 q
MAMastercard Incorporated	0.92%	759,341	$115M	trimmed−28%	−0.10 pp	19 q
NOWServicenow, Inc.	0.86%	826,300	$108M	added+56%	+0.43 pp	2 q
unresolvedEhi Car Svcs Ltd	0.77%	8,334,863	$96M	held	—	11 q
VVISA Inc.	0.72%	793,000	$90M	trimmed−31%	−0.10 pp	6 q
ETSYEtsy, Inc.	0.68%	4,177,723	$85M	trimmed−45%	−0.20 pp	11 q
GOOGAlphabet Inc. Class C	0.61%	73,320	$77M	new	+0.61 pp	new
GOOGLAlphabet Inc. Class A	0.61%	72,290	$76M	new	+0.61 pp	new
CRMSalesforce, Inc.	0.61%	745,000	$76M	new	+0.61 pp	new
unresolvedNetshoes Cayman Ltd	0.56%	8,865,903	$70M	held	—	3 q
CHTRCharter Comm Inc Del CL A New	0.36%	134,934	$45M	trimmed−86%	−2.10 pp	7 q
unresolvedAtlassian Corp Plc	0.18%	500,000	$23M	held	—	9 q
PEverpure, Inc.	0.13%	1,000,000	$16M	held	—	9 q
SWCHNSwitch Inc - A	0.13%	900,000	$16M	new	+0.13 pp	new
ZTOZTO Express (Cayman) Inc.	0.13%	994,400	$16M	held	—	5 q
unresolvedBarclays Bk PLC	0.12%	520,969	$15M	added+71%	+0.04 pp	2 q
SINASina Corp	0.11%	135,000	$14M	trimmed−74%	−0.30 pp	2 q
CTRPTrip.com Group Limited	0.10%	295,000	$13M	new	+0.10 pp	new
TDOCTeladoc Health, Inc.	0.07%	235,558	$8M	trimmed−87%	−0.34 pp	4 q
unresolvedRise Ed Cayman Ltd	0.06%	500,000	$7M	new	+0.06 pp	new
SHOPShopify Inc. Class A subordinate voting shares	0.06%	70,000	$7M	held	—	11 q
HTTHigh Templar Tech Limited	0.03%	330,000	$4M	new	+0.03 pp	new
FEYEFireEye, Inc.	0.02%	200,000	$3M	held	—	17 q
FITFitbit, Inc. Class A	0.02%	500,000	$3M	held	—	11 q
JCPJ.C. Penney Company, Inc.	0.02%	850,000	$3M	held	—	3 q
CLDRCloudera, Inc.	0.01%	50,000	$826,000	held	—	3 q
LCHappen, Inc.	0.01%	275,000	$1M	held	—	13 q
MDBMongoDB, Inc. Class A	0.01%	50,000	$1M	new	+0.01 pp	new
OKTAOkta, Inc. Class A	0.01%	60,000	$2M	held	—	3 q
SOGOSogou Inc.	0.01%	150,000	$2M	new	+0.01 pp	new
FPIFarmland Partners Inc.	0.00%	44,502	$386,000	held	—	4 q
AWIArmstrong World Industries, Inc.	—	−1,779,431	—	exited	−0.62 pp	—
WBWeibo Corporation	—	−910,000	—	exited	−0.62 pp	—
ROKURoku, Inc. Class A	—	−1,500,000	—	exited	−0.27 pp	—
OPTUOptimum Communications, Inc.	—	−1,150,000	—	exited	−0.21 pp	—
JMEINJumei International-adr	—	−2,479,085	—	exited	−0.05 pp	—
unresolvedRyb Ed Inc	—	−35,000	—	exited	−0.01 pp	—