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Tiger Global Trims Athene, Mastercard

GuruFocus.com
·5 min read

- By Tiziano Frateschi

Chase Coleman (Trades, Portfolio)'s Tiger Global Management LLC manages a $25.79 billion equity portfolio composed of 73 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.


Athene

The fund trimmed its position in Athene Holding Ltd. (ATH) by 80.74%. The trade had an impact of -0.9% on the portfolio.

Tiger Global Trims Athene, Mastercard
Tiger Global Trims Athene, Mastercard

The provider of retirement services has a market cap of $6.87 billion and an enterprise value of $3.04 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 3.65% and return on assets of 0.36% are outperforming 70% of companies in the insurance industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 4.2 is above the industry median of 2.15.

The largest guru shareholder of the company is Coleman with 0.74% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.05%.

Mastercard

The fund's Mastercard Inc. (MA) position was reduced by 14.69%. The portfolio was impacted by -0.16%.

Tiger Global Trims Athene, Mastercard
Tiger Global Trims Athene, Mastercard

The payment processor has a market cap of $337 billion and an enterprise value of $338 billion.

GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 132% and return on assets of 25.65% are outperforming 99% of companies in the credit services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.92 is above the industry median of 0.3.

The largest guru shareholder of the company is Chuck Akre (Trades, Portfolio) with 0.59% of outstanding shares, followed by Tom Russo (Trades, Portfolio) with 0.54% and Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway with 0.46%.

SVMK

The fund reduced its position in SVMK Inc. (SVMK) by 68.8% The portfolio was impacted by -0.13%.

Tiger Global Trims Athene, Mastercard
Tiger Global Trims Athene, Mastercard

The provider of software for surveys has a market cap of $3.28 billion and an enterprise value of $3.41 billion.


The return on equity of -27.95% and return on assets of -10.6% are underperforming 72% of companies in the software industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.59 is below the industry median of 2.14.


The largest guru shareholder is Chuck Royce (Trades, Portfolio) with 0.70% of outstanding shares, followed by Coleman with 0.51% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.26%.


iQIYI

The fund closed its iQIYI Inc. (IQ) holding, impacting the portfolio by -0.11%.

Tiger Global Trims Athene, Mastercard
Tiger Global Trims Athene, Mastercard

The provider of online entertainment in China has a market cap of $13.95 billion and an enterprise value of $15.39 billion.


GuruFocus gives the company a profitability and growth rating of 1 out of 10. The return on equity of -104.68% and return on assets of -22.78% are underperforming 77% of companies in the interactive media industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.46 is below the industry median of 4.56.

The largest guru shareholder is Chris Davis (Trades, Portfolio) with 0.15% of outstanding shares, followed by Value Partners (Trades, Portfolio) with 0.09% and Ray Dalio (Trades, Portfolio)'s Bridgewater Associates with 0.05%.


PayPal

The investment fund trimmed its holding of PayPal Holdings Inc. (PYPL) by 5.13%. The portfolio was impacted by -0.07%.

Tiger Global Trims Athene, Mastercard
Tiger Global Trims Athene, Mastercard

The provider of electronic payment solutions has a market cap of $230 billion and an enterprise value of $225 billion.


GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 15.54% and return on assets of 4.83% are outperforming 82% of companies in the credit services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.46 is above the industry median of 0.31.


The largest guru shareholder is Ken Fisher (Trades, Portfolio) with 0.83% of outstanding shares, followed by Steve Mandel (Trades, Portfolio) with 0.63% and Philippe Laffont (Trades, Portfolio) with 0.60%.

Livongo Health

The investment fund closed its Livongo Health Inc. (LVGO) position. The trade had an impact of -0.04% on the portfolio.

Tiger Global Trims Athene, Mastercard
Tiger Global Trims Athene, Mastercard

The provider of health data science and technology has a market cap of $13.9 billion and an enterprise value of $13.48 billion.

The return on equity of -8.39% and return on assets of -5.7% are underperforming 58% of companies in the medical devices and instruments industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 2.01 is above the industry median of 1.73.

The largest guru shareholder of the company is Joel Greenblatt (Trades, Portfolio)'s Gotham Asset Management with 0.05% of outstanding shares, followed by Paul Tudor Jones (Trades, Portfolio) with 0.02%.

Bill.com

The investment fund closed its position in Billl.com Holdings Inc. (BILL). The portfolio was impacted by -0.02%.

Tiger Global Trims Athene, Mastercard
Tiger Global Trims Athene, Mastercard

The provider of software based on cloud technology has a market cap of $7.6 billion and an enterprise value of $7.22 billion.

The return on equity of -12.16% and return on assets of -1.51% are underperforming 75% of companies in the software industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 1.66 is above the industry median of 2.14.

The largest guru shareholder of the company is Steven Cohen (Trades, Portfolio)'s Point72 Asset Management with 0.51% of outstanding shares, followed by Louis Moore Bacon (Trades, Portfolio) with 0.23%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.