Tiger Global trims megacap tech stakes, adds AMD and SpaceX

Tiger Global Management reduced second-quarter holdings in several major U.S. technology companies and added positions in semiconductor and space companies, the firm disclosed in a regulatory filing covering holdings as of June 30.

The filing shows Tiger Global cut its Alphabet stake by 45.4% to 5.81 million shares and trimmed Nvidia by 6.8% to 11.20 million shares. Microsoft was reduced 9.3% to 2.27 million shares, Amazon fell 3.2% to 9.68 million shares and Meta Platforms was cut 8.5% to 2.82 million shares. Broadcom declined about 51% to roughly 1.75 million shares, and Taiwan Semiconductor’s American Depositary Shares fell 12.3% to 4.88 million.

Tiger Global exited its previously disclosed Netflix holding. The filing shows an earlier position of 2.44 million Netflix shares, valued at about $234.5 million at the end of March, was not held at the end of the second quarter.

On the buy side, the fund more than doubled its Intel stake to 4.25 million shares from 1.64 million at the end of the first quarter. It established a new position in Advanced Micro Devices, holding 674,727 shares valued at roughly $392 million at quarter-end. The filing also discloses a 375,000-share investment in SpaceX, valued at about $64.1 million as of June 30.

The filing lists share counts and percentage changes and provides a snapshot of the fund’s portfolio at the end of the June quarter without commentary on strategy.