Aug 14 (Reuters) - Tiger Global Management trimmed several
of its Big Tech stakes, exited Netflix ( NFLX ), and took
positions in Advanced Micro Devices ( AMD ) and SpaceX
during the second quarter, according to regulatory disclosures
filed Friday.
Here are more details from its quarterly 13-F filings with
the U.S. Securities and Exchange Commission:
* The hedge fund cut its Alphabet holdings by
45.4% to 5.81 million shares as of June 30 from the end of
March, and its Nvidia ( NVDA ) stake by 6.8% to 11.20 million
shares.
* It trimmed its Microsoft ( MSFT ) stake by 9.3% to 2.27
million shares and its Amazon ( AMZN ) position by 3.2% to 9.68
million shares.
* The hedge fund reduced its holding in Meta Platforms ( META )
by 8.5% to 2.82 million.
* The filings showed that Tiger Global sold its entire 2.44
million-share Netflix ( NFLX ) position, valued at about $234.5 million,
at the end of the first quarter.
* The investment firm also cut its Broadcom ( AVGO ) stake
by about 51% to 1.75 million shares and reduced its Taiwan
Semiconductor Manufacturing ( TSM ) holding by 12.3% to 4.88
million American depositary shares.
* Meanwhile, it more than doubled its stake in Intel ( INTC )
to 4.25 million shares from 1.64 million shares in the
prior quarter.
* It also established a 674,727-share position in Advanced
Micro Devices ( AMD ), valued at roughly $392 million as of June
30, and reported a 375,000-share stake in SpaceX, valued at
about $64.1 million.
* 13-F filings provide a snapshot of certain U.S.-listed
equity holdings at the end of a quarter but do not disclose
subsequent trading, short positions or the fund's full
portfolio.
* The changes in holdings are as of June 30, compared with
the prior quarter ended March 31.