Hedge Fund Tiger Global Bets on Commodities, Tech Giants
the tickerspy.com Staff
On Friday May 22, 2009, 9:34 am EDT
Buzz up! Print Related:Apple Inc., SPDR Gold Shares, Google Inc.
Hedge fund Tiger Global made several moves during Q1, including opening large new positions in commodity ETFs.
Related Quotes
Symbol Price Change
AAPL 124.18 0.00
GLD 93.85 0.00
GOOG 396.50 0.00
LFT 20.94 0.00
MA 171.69 0.00
{"s" : "aapl,gld,goog,lft,ma","k" : "c10,l10,p20,t10","o" : "","j" : ""} 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 Q1, the hedge fund was opening new stakes in commodity-oriented ETFs SPDR Gold Trust (NYSE: GLD - News) and Energy Select Sector SPDR (NYSE: XLE - News). The fund also opened a new stake in online travel site Priceline.com (Nasdaq: PCLN - News).
Elsewhere, Tiger Global was upping its stakes in tech giants Apple (Nasdaq: AAPL - News) and Google (Nasdaq: GOOG - News). Meanwhile, the hedge fund was trimming stakes in credit card companies Mastercard (NYSE: MA - News) and 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-Q1 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.
Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from nanotech to agriculture to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!
the tickerspy.com Staff
On Friday May 22, 2009, 9:34 am EDT
Buzz up! Print Related:Apple Inc., SPDR Gold Shares, Google Inc.
Hedge fund Tiger Global made several moves during Q1, including opening large new positions in commodity ETFs.
Related Quotes
Symbol Price Change
AAPL 124.18 0.00
GLD 93.85 0.00
GOOG 396.50 0.00
LFT 20.94 0.00
MA 171.69 0.00
{"s" : "aapl,gld,goog,lft,ma","k" : "c10,l10,p20,t10","o" : "","j" : ""} 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 Q1, the hedge fund was opening new stakes in commodity-oriented ETFs SPDR Gold Trust (NYSE: GLD - News) and Energy Select Sector SPDR (NYSE: XLE - News). The fund also opened a new stake in online travel site Priceline.com (Nasdaq: PCLN - News).
Elsewhere, Tiger Global was upping its stakes in tech giants Apple (Nasdaq: AAPL - News) and Google (Nasdaq: GOOG - News). Meanwhile, the hedge fund was trimming stakes in credit card companies Mastercard (NYSE: MA - News) and 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-Q1 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.
Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from nanotech to agriculture to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!
