Tiger Global: an Intriguing Mix of Blue Chips and International Growth

• By the tickerspy.com Staff
• On 9:16 am EDT, Tuesday August 25, 2009

Hedge fund Tiger Global made several moves during Q2, upping stakes in a mix of blue chip and growth-oriented names.

As the architect of Tiger Management, Julian Robertson was once known as "The Wizard of Wall Street." The legendary hedge fund excelled during the 1980s and 1990s before dissolving and spawning a brood of "Tiger Cubs," Wall Street's preferred moniker for the hedge funds of former Tiger employees.

One of the most well known is Tiger Global, headed by "Cub" Charles Coleman. Tiger Global reported U.S.-listed, equity holdings valued at more than $4.8 billion at the end of 2007, a year during which the hedge fund returned an astonishing 71%. However, like many hedge funds, Tiger Global faltered during 2008, falling about -14% through September of last year, according to Bloomberg.

Looking at Tiger Global's holdings at the end of Q2, the hedge fund was reopening a stake in broadcast and communications tower operator American Tower (NYSE: AMT - News) and upping stakes in Google (NASDAQ: GOOG - News), Mastercard (NYSE: MA - News), tobacco company Philip Morris International (NYSE: PM - News), and packaging firm Crown Holdings (NYSE: CCK - News).

Tiger Global was also trimming stakes in tech giants Qualcomm (NASDAQ: QCOM - News) and Apple (NASDAQ: AAPL - News), online travel site Priceline.com (NASDAQ: PCLN - News), and Mastercard-rival Visa (NYSE: V - News).

And, true to its name, Tiger Global had exposure to international names like Chinese financial software firm Longtop Financial Technologies (NYSE: LFT - News) and Latin American online auctioneer MercadoLibre (NASDAQ: MELI - News).

Looking at tickerspy.com's graph charting the performance of Tiger Global's end-of-Q2 holdings so far this quarter, one can see that the holdings have stayed ahead of the market. If you want to see how your performance stacks up to Tiger Global's or just see some other Tiger Global holdings, visit tickerspy.com to see the hedge fund's top holdings and a chart of their combined performance.

Pro portfolio performance is based on institutions' top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time.

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