Aug 14 (Reuters) – Tiger Global Management trimmed several of its Big Tech stakes, exited Netflix, and took positions in Advanced \u200cMicro Devices and SpaceX during the second quarter, according to \u200cregulatory disclosures filed Friday. <\/p>\n
Here are more details from its quarterly 13-F filings with the U.S. \u200bSecurities and Exchange Commission: <\/p>\n
\u2022 The hedge fund cut its Alphabet holdings by 45.4% to 5.81 million shares as of June 30 from the end of March, and its Nvidia stake by 6.8% to 11.20 million shares. <\/p>\n
\u2022 \u200cIt trimmed its Microsoft \u2060stake by 9.3% to 2.27 million shares and its Amazon position by 3.2% to 9.68 million shares. <\/p>\n
\u2022 The hedge fund \u2060reduced its holding in Meta Platforms by 8.5% to 2.82 million. <\/p>\n
\u2022 The filings showed that Tiger Global sold its entire 2.44 million-share Netflix position, \u200bvalued at \u200babout $234.5 million, at the end of \u200bthe first quarter. <\/p>\n
\u2022 The investment \u200cfirm also cut its Broadcom stake by about 51% to 1.75 million shares and reduced its Taiwan Semiconductor Manufacturing holding by 12.3% to 4.88 million American depositary shares. <\/p>\n
\u2022 Meanwhile, it more than doubled its stake in Intel to 4.25 million shares from 1.64 million shares in \u200cthe prior quarter. <\/p>\n
\u2022 It also established a \u200b674,727-share position in Advanced Micro Devices, valued \u200bat roughly $392 million as of \u200bJune 30, and reported a 375,000-share stake in SpaceX, \u200cvalued at about $64.1 million. <\/p>\n
\u2022 13-F filings \u200bprovide a snapshot \u200bof certain U.S.-listed equity holdings at the end of a quarter but do not disclose subsequent trading, short positions or the \u200bfund’s full portfolio. <\/p>\n
\u2022 The \u200cchanges in holdings are as of June 30, compared with \u200bthe prior quarter ended March 31. <\/p>\n
(Reporting by Juby Babu in \u200bMexico City; Editing by Diti Pujara) <\/p>\n","protected":false},"excerpt":{"rendered":"Aug 14 (Reuters) – Tiger Global Management trimmed several of its Big Tech stakes, exited Netflix, and took…\n","protected":false},"author":2,"featured_media":637614,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[270],"tags":[8091,237558,18,19,17,127,133,451,2731,269474,162046],"class_list":["post-637613","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-advanced-micro-devices","tag-american-depositary-shares","tag-eire","tag-ie","tag-ireland","tag-netflix","tag-science","tag-space","tag-spacex","tag-tiger-global-management","tag-u-s-securities-and-exchange-commission"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/117096178185729119","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/637613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=637613"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/637613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/637614"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=637613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=637613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=637613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}