Key facts
- Tiger Global Management reduced stakes in Alphabet, Nvidia, Microsoft, Amazon, and Meta Platforms in Q2.
- The hedge fund exited its entire Netflix position.
- New stakes were established in Advanced Micro Devices and SpaceX.
- Tiger Global also significantly cut its Broadcom and TSMC holdings while increasing its Intel stake.
Tiger Global Management significantly altered its portfolio in the second quarter, reducing its exposure to several major technology companies while initiating new positions in Advanced Micro Devices and SpaceX. The hedge fund's filings with the U.S. Securities and Exchange Commission revealed a 45.4% cut to its Alphabet holdings and a 6.8% reduction in its Nvidia stake. Further trimming occurred in Microsoft, Amazon, and Meta Platforms, with reductions of 9.3%, 3.2%, and 8.5% respectively. Tiger Global also divested its entire stake in Netflix, which was valued at approximately $234.5 million. The firm also decreased its holdings in Broadcom by about 51% and Taiwan Semiconductor Manufacturing by 12.3%. Conversely, Tiger Global more than doubled its investment in Intel, increasing its stake to 4.25 million shares. New positions were established in Advanced Micro Devices, valued at roughly $392 million, and SpaceX, with a stake valued at about $64.1 million. These filings provide a snapshot of U.S.-listed equity holdings as of June 30.