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