Tracking Chase Coleman’s Tiger Global Portfolio – Q2 2017 Update



  • Chase Coleman’s 13F portfolio value increased from $9.96B to $11.56B this quarter.
  •  Tiger Global increased Apollo Global, Transdigm & Microsoft while decreasing Domino’s Pizza.
  • The largest three positions are Priceline Group, JD.com, and Amazon.com Inc. and they add up to ~43% of the portfolio.


Chase Coleman’s 13F portfolio value increased ~16% this quarter from $9.96B to $11.56B this quarter. Recent 13F reports have shown a total of around 20 individual stock positions in the portfolio. The largest five stakes are Priceline Group (PCLN), JD.com (JD), Amazon.com Inc. (AMZN), Transdigm (TDG), and Apollo Global (APOL) and they add up to ~60% of the entire 13F portfolio.

Chase Coleman is a "tiger cub" best known for a stunning 44% annualized return during the 2001-2008 period. To know more about Julian Robertson and his legendary Tiger Management, check out Julian Robertson: A Tiger in the Land of Bulls and Bears.

Below is a summary:

Fiat Chrysler (FCAU): FCAU is a ~2% of the portfolio position purchased in Q4 2016 at prices between $6 and $9. There was a one-third reduction last quarter at prices between $9.50 and $11.50 and that was followed with a ~40% selling this quarter at prices between $9.70 and $11.65. The stock is now at $15.86.

Alibaba Group Holdings (BABA): BABA is a fairly large 5.30% portfolio stake established in Q3 2016 at prices between $78.50 and $109 and the stock is now at $171. There were ~10% trimmings in the last two quarters. Coleman is starting to harvest huge gains.

Amazon.com Inc. (AMZN): AMZN is currently the third-largest 13F stake at 10.41% of the portfolio. The position was established in Q2 & Q3 2015 at prices between $370 and $540. Q1 2016 had seen a two-thirds reduction at prices between $482 and $676. The following quarter saw a ~40% increase at prices between $586 and $728 and the stock is now at $978. There was a ~8% trimming this quarter.

Note: AMZN has seen a previous round-trip in the portfolio. A 1M share stake purchased in 2010 in the low-100s price range was disposed of in Q1 2014 in the high-300s realizing huge gains.

Charter Communications (CHTR): CHTR is now a ~3% portfolio position. It was first purchased in Q3 2012 at a cost-basis of ~$75 per share. The position has wavered. Recent activity follows: The first three quarters of 2015 saw the position reduced by ~84% at prices between $150 and $195. The pattern reversed in Q4 2015: roughly thirteen-times increase at prices between $175 and $193 in the three quarters thru Q2 2016. There was a ~20% reduction the following quarter at prices between $232 and $278 and that was followed with another ~30% selling in Q4 2016 at prices between $244 and $292. Last quarter saw a further one-third selling at prices between $286 and $333 and that was followed with a similar reduction this quarter at prices between $313 and $353. The stock is now at $393. Tiger Global is realizing huge long-term gains.

FleetCor Technologies (FLT): FLT is a 2.84% of the portfolio stake first purchased in Q4 2012 at prices between $45 and $53. Q3 2015 also saw a ~47% increase at prices between $148 and $163. The three quarters thru Q3 2016 had seen selling: ~48% combined reduction at prices between $113 and $175. There was an about-turn in Q4 2016: ~22% increase at prices between $141 and $175. The pattern reversed again last quarter: ~50% reduction at prices between $140 and $170. There was an almost two-thirds increase this quarter at prices between $131 and $151. The stock is now at $144.

Priceline Group (PCLN): PCLN is currently the largest position at ~18% of the portfolio. The position was purchased in Q4 2015 at prices between $1237 and $1465. Q3 2016 saw a one-third increase at prices between $1248 and $1473 and that was followed with another similar increase the following quarter at prices between $1424 and $1578. The stock is now at $1850. There was a ~15% trimming last quarter and that was followed with marginal reduction this quarter.

Note: PCLN has seen a previous roundtrip in the portfolio. A fairly large position first purchased in 2007 in the high double-digits was disposed of in Q3 2015 in the 1200s price range realizing huge gains.

Note 1: Tiger Global has significant ownership stakes in the following businesses: 7.7% of Transdigm Group (TDG), 17% of Apollo Global (APOL), 7.2% of Teladoc (TDOC), ~7.5% of Etsy (ETSY), and ~10% of Redfin Corp. (RDFN).


Below is a spreadsheet that shows the changes to Chase Coleman's Tiger Global Holdings US long portfolio holdings as of Q2 2017. For a look at how the portfolio has progressed, see our previous update:



To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    








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