Chase Coleman’s Tiger Global Management bought new positions in Priceline Group Inc. and Kate Spade & Co. last quarter. The investment firm added shares of JD.com Inc., sold stock in Bitauto Holdings Ltd. and exited GoPro Inc.
The money manager’s Priceline stake was worth $482.9 million at the end of the first quarter and the Kate Spade position was valued at $119.4 million.
Tiger Global added to its bet on JD.com American depositary receipts with the value of its stake increasing by $496.3 million to $614.7 million as of March 31, the biggest gain among previously disclosed holdings, according to a quarterly filing with the Securities and Exchange Commission.
Tiger cut its investment in Bitauto by 642,047 shares, leaving 5.9 million valued at $301.4 million, a decline of 34.8 percent. The firm liquidated its $113.5 million investment in GoPro, selling 1.8 million shares.
Tiger’s disclosed equity holdings rose in value by 8.1 percent to $9.12 billion during the quarter, a period when the Standard & Poor’s 500 Index of U.S. equities rose 0.4 percent. The firm owned shares in 53 companies at the end of the quarter and 8 of them were newly reported.
Money managers who oversee more than $100 million in equities in the U.S. must file a Form 13F within 45 days of each quarter’s end to list those stocks as well as options and convertible bonds. The filings don’t show non-U.S. securities, holdings that aren’t publicly traded, or cash.