Tiger Global Increased Amazon, Cut Back JD.Com in Third Quarter

  • Amazon is the firm's second-largest stake at $1.6 billion
  • Firm's JD.Com position worth $1.5 billion at end of September

Chase Coleman’s Tiger Global Management boosted its stake in Amazon.com Inc. and cut its holding in JD.Com Inc. in the third quarter, reflecting the disparate performance of the two online retailers.

Tiger Global increased its number of shares in Amazon by more than three times in the quarter, according to a filing with the U.S. Securities and Exchange Commission. The firm’s position, its second-largest U.S. stock holding, was valued at $1.64 billion at the end of September. The shares jumped 18 percent in the three-month period, extending this year’s gains.

The asset manager trimmed its stake in JD.com’s American depositary receipts by about 18 percent. Even with a 24 percent decline in price for the Chinese company’s ADRs and the reduction in holdings, Tiger Global’s stake was worth $1.5 billion at the end of September, making it the firm’s third-largest disclosed position.

The firm’s U.S. stock positions were valued at $8.1 billion as of Sept. 30, about 15 percent below its second-quarter level.

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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