Tech Investor Chase Coleman Goes Internet Shopping Again

GuruFocus.com
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- By Holly LaFon

Chase Coleman (Trades, Portfolio) unveiled nine fourth-quarter additions to his portfolio this month, most of which were online media and dot-com companies.


Online investing is Coleman's specialty. The founder of Tiger Global Management invested early in Facebook and reportedly sold the stake for $1 billion in 2013. He also made successful bets on companies like LinkedIn and Zynga. As of fourth-quarter end, he had placed his funds' top positions in JD.com, Priceline.com (PCLN) and Amazon.com (AMZN).

Recently, Coleman went big on Spotify's IPO, taking a 6.9% stake in the company as of Feb. 22. The 12.18 million shares make him the fifth-largest stakeholder of the music streaming company. Spotify's $1 billion IPO is slated for March or April.

Coleman's background involves employment at legendary investor Julian Robertson (Trades, Portfolio)'s hedge fund, Tiger Management Corp. After the fund closed down in 2000 due to poor performance, Coleman left to create Tiger Global Management in 2001.

Tiger Global Management comprises private equity partnerships and public equity funds. With 10-year time horizons, the private equity side focuses on growth companies in the internet and tech sectors. Public equity funds invest according to trends in sectors like tech, retail and media.

Coleman's largest new buys during the fourth quarter were: Alphabet Inc. (GOOG), Salesforce.com Inc. (CRM), Alphabet Inc. (GOOGL), Switch Inc. (SWCH) and Ctrip.com International Ltd. (CTRP).

Alphabet Inc. (GOOG)

Tiger Global Management purchased 73,320 shares of Alphabet Inc., giving it 0.61% portfolio weight. The stock's price averaged $1,018 per share in the fourth quarter.

Alphabet Inc. has a market cap of $744.64 billion; its shares were traded around $1070.03 with a P/E ratio of 59.78 and P/S ratio of 6.90. Alphabet Inc. had an annual average earnings growth of 16.6% over the past 10 years. GuruFocus rated Alphabet Inc. the business predictability rank of 3-star.

Salesforce.com Inc. (CRM)

Tiger Global Management purchased 745,000 shares of Salesforce.com, giving it 0.6% portfolio weight. The stock's price averaged $102 in the fourth quarter.

Salesforce.com Inc. has a market cap of $87.43 billion; its shares were traded around $121.04 with a P/E ratio of 712.00 and P/S ratio of 8.46. Salesforce.com Inc. had an annual average earnings growth of 17.60% over the past 10 years. GuruFocus rated Salesforce.com Inc. the business predictability rank of 3.5-star.

Alphabet Inc. (GOOGL)

Tiger Global Management purchased 72,290 shares of Alphabet, giving it 0.6% portfolio weight. The stock's price averaged $1,032 in the fourth quarter.

Alphabet Inc. has a market cap of $746.39 billion; its shares were traded around $1074.44 with a P/E ratio of 59.92 and P/S ratio of 6.92. Alphabet Inc. had an annual average earnings growth of 16.6% over the past 10 years. GuruFocus rated Alphabet Inc. the business predictability rank of 3-star.

Switch Inc. (SWCH)

Tiger Global Management purchased 900,000 shares of Switch Inc., giving it 0.13% portfolio weight. The stock's price averaged $18 in the fourth quarter.

Switch Inc. has a market cap of $490.910 million; its shares were traded around $13.66 with a P/E ratio of 113.83. The trailing 12-month dividend yield of Switch Inc. stocks is 0.10%. The forward dividend yield of Switch Inc. stocks is 0.40%.

Ctrip.com International Ltd. (CTRP)

Tiger Global Management purchased 295,000 shares of Ctrip.com International, giving it 0.1% portfolio weight. The stock's price averaged $48 per share in the fourth quarter.

Ctrip.com International Ltd. has a market cap of $23.25 billion; its shares were traded around $45.30 with a P/E ratio of 70.78 and P/S ratio of 6.79. GuruFocus rated Ctrip.com International Ltd. the business predictability rank of 2.5-star.

See more of Chase Coleman (Trades, Portfolio)'s buys and sells in his portfolio here.

This article first appeared on GuruFocus.


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