Tiger Global Loaded Up on Apple, Priceline Stock in Last Quarter

  • U.S. equity holdings at firm increased by more than 50%
  • Hedge fund reduced investment in Chinese company Autohome

Chase Coleman’s Tiger Global Management reported its U.S. stock holdings increased by more than 50 percent in the fourth quarter, just before the benchmark Standard & Poor’s 500 Index suffered its worst start to the year since 2009.

The value of the firm’s U.S. stock holdings rose to $12.4 billion at the end of 2015 from $8.1 billion as of Sept. 30, according to quarterly filings with the Securities and Exchange Commission. Two new positions, Apple Inc. and Priceline Group Inc., accounted for almost half of the increase. The New York-based firm added shares in the iPhone maker worth $1.1 billion at year-end. Its stake in Priceline, the largest U.S. online travel agency, was valued at $967 million.

The Standard & Poor’s 500 Index has fallen 7.5 percent this year and Tiger Global’s five biggest equity positions have all declined more than the index.

The money manager decreased its stake in Autohome Inc., which operates a Chinese automobile information website, by more than 40 percent. The American depositary receipts were valued at $175 million at the end of the quarter.

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