Tiger Global

Q1 2018 13F · by Chase Coleman, CIO

As of: Mar 31, 2018
Filed: May 15, 2018
US stock: $14.9B · prev $12.5B
Positions: 53 · prev 49
Options notional: $122M
Documents: 1· no amendments

Picture99.2% US stock

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

US stock listed on a US exchange 99.2%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.8%

Moves43 since the prior filing

+18.7 pp in · −16.8 pp out

New 13 +14.28 pp
Added 12 +4.46 pp
Trimmed 4 −1.63 pp
Exited 9 −15.19 pp

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

The book

Concentrated · behaves like 15 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 60% a year, about 1.7 years per position

Low
Moderate
High

Top 5 positions47% of US stock

AMZN Amazon.Com Inc added+1.19 pp added+1.1911.6%
JD JD.com, Inc. added−2.23 pp added−2.2311.3%
BKNG Booking Holdings Inc. new+9.16 pp new+9.169.2%
MSFT Microsoft Corp added+1.54 pp added+1.548.1%
unresolved Apollo Global Management LLC added−2.33 pp added−2.336.8%

Positions53 in this filing · 9 exited


AMZNAmazon.Com Inc	11.61%	1,197,150	$1.7B	added+7%	+1.19 pp	12 q
JDJD.com, Inc.	11.25%	41,435,844	$1.7B	added+2%	−2.23 pp	14 q
BKNGBooking Holdings Inc.	9.16%	657,122	$1.4B	new	+9.16 pp	new
MSFTMicrosoft Corp	8.08%	13,207,300	$1.2B	added+38%	+1.54 pp	6 q
unresolvedApollo Global Management LLC	6.81%	34,322,807	$1.0B	added0%	−2.33 pp	5 q
DESPDespegar.com Corp	6.33%	30,204,172	$944M	held	—	3 q
TDGTransDigm Group Incorporated	5.69%	2,765,500	$849M	added+44%	+1.48 pp	6 q
METAMeta Platforms, Inc. Class A	5.32%	4,968,415	$794M	added×2.1	+1.91 pp	6 q
BABAAlibaba Group Holding Limited	4.71%	3,825,345	$702M	added+1%	−0.52 pp	7 q
NFLXNetFlix Inc	4.27%	2,157,450	$637M	added+23%	+1.58 pp	5 q
unresolvedFiat Chrysler Automobiles NV s	3.58%	26,049,289	$535M	added+18%	+0.43 pp	6 q
DPZDomino's Pizza Inc.	3.30%	2,105,700	$492M	added+1%	+0.17 pp	6 q
TALTAL Education Group	2.50%	10,067,238	$373M	held	—	6 q
ADSKAutodesk Inc	1.90%	2,255,523	$283M	added+4%	+0.09 pp	3 q
MELIMercado Libre, Inc	1.90%	795,665	$284M	new	+1.90 pp	new
TWTRTwitter, Inc.	1.84%	9,458,469	$274M	new	+1.84 pp	new
CRMSalesforce, Inc.	1.76%	2,258,000	$263M	added×3.0	+1.15 pp	2 q
unresolvedNew Oriental Ed & Tech Grp I	1.69%	2,870,008	$252M	held	—	6 q
FLTCorpay, Inc.	1.52%	1,121,000	$227M	trimmed−19%	−0.60 pp	20 q
RDFNRedfin Corporation	1.18%	7,690,091	$176M	held	—	3 q
QSRRestaurant Brands International Inc.	0.72%	1,900,000	$108M	held	—	10 q
MAMastercard Incorporated	0.71%	602,833	$106M	trimmed−21%	−0.21 pp	20 q
VVISA Inc.	0.64%	793,000	$95M	held	—	7 q
BILIBilibili Inc.	0.43%	5,810,227	$64M	new	+0.43 pp	new
unresolvedEhi Car Svcs Ltd	0.41%	5,264,080	$62M	trimmed−37%	−0.36 pp	12 q
NOWServicenow, Inc.	0.40%	357,800	$59M	trimmed−57%	−0.46 pp	3 q
unresolvedNetshoes Cayman Ltd	0.35%	8,865,903	$52M	held	—	4 q
RUNSunrun Inc	0.34%	5,743,000	$51M	new	+0.34 pp	new
SESea Limited	0.18%	2,328,136	$26M	new	+0.18 pp	new
unresolvedAtlassian Corp Plc	0.18%	500,000	$27M	held	—	10 q
unresolvedBarclays Bk PLC	0.17%	520,969	$25M	held	—	3 q
BEDUBright Scholar Education Holdings Limited	0.16%	1,578,947	$24M	new	+0.16 pp	new
PEverpure, Inc.	0.13%	1,000,000	$20M	held	—	10 q
IQiQIYI, Inc.	0.10%	1,000,000	$16M	new	+0.10 pp	new
SWCHNSwitch Inc - A	0.10%	900,000	$14M	held	—	2 q
ZTOZTO Express (Cayman) Inc.	0.10%	994,400	$15M	held	—	6 q
SINASina Corp	0.09%	135,000	$14M	held	—	3 q
ARCCAres Capital Corporation	0.08%	719,620	$11M	new	+0.08 pp	new
SHOPShopify Inc. Class A subordinate voting shares	0.06%	70,000	$9M	held	—	12 q
unresolvedRise Ed Cayman Ltd	0.05%	500,000	$8M	held	—	2 q
DBXDropbox, Inc. Class A	0.04%	200,000	$6M	new	+0.04 pp	new
FEYEFireEye, Inc.	0.02%	200,000	$3M	held	—	18 q
FITFitbit, Inc. Class A	0.02%	500,000	$3M	held	—	12 q
OKTAOkta, Inc. Class A	0.02%	60,000	$2M	held	—	4 q
unresolvedOnesmart Intl Ed Group Ltd	0.02%	320,000	$3M	new	+0.02 pp	new
JCPJ.C. Penney Company, Inc.	0.02%	850,000	$3M	held	—	4 q
STGSunlands Technology Group	0.02%	300,000	$2M	new	+0.02 pp	new
CLDRCloudera, Inc.	0.01%	50,000	$1M	held	—	4 q
LCHappen, Inc.	0.01%	275,000	$963,000	held	—	14 q
MDBMongoDB, Inc. Class A	0.01%	50,000	$2M	held	—	2 q
SOGOSogou Inc.	0.01%	150,000	$1M	held	—	2 q
UALUnited Airlines Holdings, Inc.	0.01%	22,488	$2M	new	+0.01 pp	new
FPIFarmland Partners Inc.	0.00%	44,502	$372,000	held	—	5 q
unresolvedPriceline Grp Inc	—	−802,612	—	exited	−11.13 pp	—
CMCSAComcast Corp	—	−5,020,000	—	exited	−1.60 pp	—
ETSYEtsy, Inc.	—	−4,177,723	—	exited	−0.68 pp	—
GOOGAlphabet Inc. Class C	—	−73,320	—	exited	−0.61 pp	—
GOOGLAlphabet Inc. Class A	—	−72,290	—	exited	−0.61 pp	—
CHTRCharter Comm Inc Del CL A New	—	−134,934	—	exited	−0.36 pp	—
CTRPTrip.com Group Limited	—	−295,000	—	exited	−0.10 pp	—
TDOCTeladoc Health, Inc.	—	−235,558	—	exited	−0.07 pp	—
HTTHigh Templar Tech Limited	—	−330,000	—	exited	−0.03 pp	—