Tiger Management's Bet on Coupang Inc. Dominates Q4 Portfolio with a 26.69% Stake
Julian Robertson's Investment Firm Reveals Latest Moves in 13F Filing
Legendary Investment Firm's Profile
Renowned for his investment prowess, Julian Robertson stands as a towering figure in the world of finance. His firm, Tiger Management (Trades, Portfolio), was founded in 1980 with a modest $8 million and rapidly grew to a staggering $22 billion by the late 1990s. Robertson, often hailed as the "Wizard of Wall Street," has delivered a compound rate of return of 32% to his investors. Despite closing his fund following losses in the late '90s, Tiger Management (Trades, Portfolio) continues to thrive, managing funds primarily from Robertson's personal wealth. His legacy also includes mentoring a cadre of successful 'Tiger Cubs,' many of whom are now prominent hedge fund managers.
Summary of New Buy
In the fourth quarter of 2023, Tiger Management (Trades, Portfolio) made a notable new addition to its portfolio:
The standout new buy was Coupang Inc (NYSE:CPNG), with 91,645 shares, representing 26.69% of the portfolio and a total value of $1.48 billion.
Portfolio Overview
As of the fourth quarter of 2023, Tiger Management (Trades, Portfolio)'s portfolio comprised 2 stocks, with top holdings being 73.31% in Maplebear Inc (NASDAQ:CART) and 26.69% in Coupang Inc (NYSE:CPNG). The investments are heavily weighted in the Consumer Cyclical sector, showcasing a focused approach to industry allocation.
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This article first appeared on GuruFocus.
