Tiger Global bet on Apple and this semiconductor in the first quarter
Tiger International Administration made a brand new guess on Apple within the first quarter, whereas increasing positions in some main know-how gamers that posted a robust begin to the 12 months. The tech-centric hedge fund managed by Chase Coleman opened a greater than $140 million stake within the iPhone maker within the first quarter, together with a brand new place in Taiwan Semiconductor totaling about $148 million, in accordance with securities filings launched Monday. Each shares have seen a robust begin to 2023, rising greater than 33% and 16%, respectively. Together with Apple, the fund opened new positions in a bunch of semiconductor names, together with Utilized Supplies (up 26% this 12 months), Lam Analysis (up 33% YTD), Palo Alto Networks (37% increased YTD) and AI-beneficiary Nvidia, (up 100% in 2023). Tiger additionally upped its stake in know-how leaders Alphabet, Amazon and Microsoft within the first quarter. On the finish of March, the fund’s largest holding, Microsoft, totaled greater than $1.7 billion. Coleman elevated his stake within the Google mother or father by greater than 124% to about 8.4 million shares. The newest securities filings additionally confirmed Tiger exited small positions in Roblox , Warby Parker and Pinduoduo mother or father PDD Holdings . Coleman based Tiger International in 2001. He’s extensively referred to as one of many Tiger Cub hedge fund managers who labored at Tiger Administration below Julian Robertson.