According to regulatory filings with the U.S. Securities and Exchange Commission, Tiger Global Management significantly reduced its holdings in major technology companies during the second quarter. The hedge fund cut its Alphabet holdings by 45.4% to 5.81 million shares as of June 30, down from the end of March. Similarly, the firm reduced its Nvidia stake by 6.8% to 11.20 million shares and trimmed its Microsoft position by 9.3% to 2.27 million shares. The fund also cut its Amazon position by 3.2% to 9.68 million shares and reduced its Meta Platforms holding by 8.5% to 2.82 million shares. These substantial reductions across all major Big Tech positions reflect the fund's strategic positioning adjustments during the quarter, as reported by The Economic Times.
As reported by Reuters, Tiger Global sold its entire 2.44 million-share Netflix position, valued at about $234.5 million, at the end of the first quarter. The fund also made significant changes to its semiconductor holdings, cutting its Broadcom stake by about 51% to 1.75 million shares and reducing its Taiwan Semiconductor Manufacturing holding by 12.3% to 4.88 million American depositary shares. However, the firm more than doubled its Intel stake to 4.25 million shares from 1.64 million shares in the prior quarter, according to The Economic Times. These semiconductor moves demonstrate the fund's continued focus on the chip sector despite broader Big Tech reductions.
According to the 13-F filings, Tiger Global established a 674,727-share position in Advanced Micro Devices, valued at roughly $392 million as of June 30. The investment firm also reported a 375,000-share stake in SpaceX, valued at about $64.1 million. These new positions represent significant additions to the fund's portfolio, with SpaceX marking a notable entry into the space technology sector. The AMD investment particularly stands out as one of the largest single-stock positions in the fund's portfolio, reflecting the firm's confidence in the semiconductor market's growth prospects, as noted by The Economic Times.
As reported by Reuters, the 13-F filings provide a snapshot of certain U.S.-listed equity holdings at the end of a quarter but do not disclose subsequent trading, short positions or the fund's full portfolio. The changes in holdings are as of June 30, compared with the prior quarter ended March 31. The filings represent the fund's strategic positioning adjustments across major technology and semiconductor companies during the second quarter. These regulatory disclosures provide insight into Tiger Global's active portfolio management approach during the quarter, showing both significant reductions in established positions and strategic new investments in high-growth sectors, according to The Economic Times.
