• Appaloosa Management also sold Apple while Berkshire bought
  • Tiger Global started a new position in Zillow Group Inc.

Chase Coleman’s Tiger Global Management soured on its major technology bets, cutting chunks from three of its biggest U.S. holdings: Amazon.com Inc., JD.com Inc. and Apple Inc.

The hedge fund axed its exposure to Amazon by about two-thirds to 1.04 million shares worth $619 million as of March 31, according to a regulatory filing Monday. The firm cut its bet on JD.com, China’s second-biggest online retailer, by about a quarter to 44 million shares, and reduced its Apple holding by almost half to 5.7 million shares, valued at $617 million.

Tiger Global’s hedge fund lost about 22 percent in the quarter as shares of Amazon dropped 12 percent and JD.com fell 18 percent. David Tepper’s Appaloosa Management dumped its entire holding in Apple last quarter, while Warren Buffett’s Berkshire Hathaway, a long-term investor, went the other way, disclosing a stake in the tech giant worth more than $1 billion.

That prompted the shares to jump the most since late January. The iPhone maker’s stock climbed 3.5 percent in the first quarter before tumbling 14 percent last month after Apple posted its first quarterly sales drop in more than a decade.

Tiger Global took a new stake in Zillow Group Inc., which provides real estate and mortgage information, valued at about $24 million at the end of the quarter.

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.

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