Tiger Global Management recently disclosed its portfolio updates for the first quarter of 2020, which ended on March 31.
Tiger Global Management was founded in 2001 by Chase Coleman (Trades, Portfolio) after hedge fund legend Julian Robertson (Trades, Portfolio) gave him $25 million to start his own fund. The fund’s strategy is to deploy capital globally, focusing on big tech stocks as well as early and late stage venture, post-initial public offering, private equity and secondary market small caps. In January, the firm closed on a new $3.75 billion fund for investing in private technology, revealing continued investor enthusiasm for tech companies.
Using the above investing criteria, the firm established three new common stock holdings during the quarter, most notably Athene Holding Ltd (NYSE:ATH), and added to several other positions, including Workday Inc. (NASDAQ:WDAY) and Alibaba Group Holding Ltd. (NYSE:BABA). It also sold out