Key facts
- Tiger Global reduced stakes in Alphabet and Microsoft in the second quarter.
- Tiger Global exited its position in Netflix.
- Tiger Global initiated new positions in SpaceX and AMD.
- Berkshire Hathaway increased its Alphabet stake by 83% in the second quarter.
- Berkshire Hathaway now holds approximately 106 million shares of Alphabet.
- Alphabet is Berkshire Hathaway's third-largest stock holding.
- Berkshire Hathaway's Alphabet stake was valued at nearly $38 billion as of June 30.
- Jana Partners reduced its stake in Fiserv by approximately 17% in the second quarter.
During the second quarter, investment management firm Tiger Global Management made notable adjustments to its portfolio. The firm reduced its stakes in major technology companies, including Alphabet and Microsoft, and exited its position in Netflix. Concurrently, Tiger Global initiated new positions in SpaceX and Advanced Micro Devices (AMD). These actions were disclosed in recent SEC filings, indicating a cautious approach by the institutional investor towards previously favored tech stocks.
In contrast, Berkshire Hathaway significantly expanded its investment in Alphabet. The conglomerate boosted its stake by 83%, acquiring approximately 106 million shares. This substantial increase elevated Alphabet to become Berkshire Hathaway's third-largest stock holding, with a valuation close to $38 billion as of June 30.
Activist investor Jana Partners also altered its holdings, reducing its stake in the payments company Fiserv. The reduction amounted to approximately 17% of its holdings in Fiserv during the same second quarter, as detailed in a recent regulatory filing. These diverse portfolio adjustments by major investment entities highlight varied market sentiments and strategic reallocations across different sectors.