A $20 billion investment firm is betting big on Wall Street’s hottest tech stocks (NFLX)

pulse

November 14, 2017 11:02 PM

Tiger Global bought up $355 million worth of Amazon shares while increasing its Netflix bet seven-fold last quarter.

Tiger Global Management has increased its holdings of tech giants including Netflix, Amazon, Alphabet and more.
The positions are from a public document known as a 13F, which funds must file every quarter.

Billionaire Chase Coleman's Tiger Global Management has increased its bets on some of Wall Street’s hottest tech stocks, according to documents filed Tuesday.

Among the fund’s $14.6 billion worth of holdings disclosed for third quarter of 2017 a 711% increase in shares of Netflix — which now makes up $553.8 million of the fund’s portfolio.

According to the 13F, Tiger also made the following tech sector moves during last quarter, according to analysis by Bloomberg:

Amazon
Facebook
Alibaba
Alphabet

The quarterly filing, called a 13F, lists the long stock positions of investment firms. The positions are current as of 45 days prior, so it is possible that Tiger Global has since changed its positions.

Tiger Global Management invests in private and public markets and manages about $20 billion firmwide. The firm managed $5.9 billion in hedge fund assets as of mid-year 2016, according to the Hedge Fund Intelligence Billion Dollar Club ranking.

This post has been updated to more accurately reflect the firm's total disclosed holdings for the first quarter.

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