Tiger Global Management apparently stocked up on new holdings in the final quarter of 2015, including major new stakes in Apple and Priceline.
The tech-heavy hedge fund run by Chase Coleman reported that it took a $1.1 billion stake in Apple (AAPL) along with a $967 million Priceline (PCLN) stake in the fourth quarter, according to a quarterly filing with the Securities and Exchange Commission this week.
The purchase of Apple stock, coming at some point during the final three months of last year, would have prefaced a major drop-off in the company’s share value that has resulted in many investors backing off of the tech giant amid concerns over slowing iPhone sales. Apple’s stock is down 12.4% going back to the beginning of October, and it’s dropped more than 8% since the start of this year.
Tiger Global’s overall U.S. stock holdings increased by roughly 53% in the fourth quarter to $12.4 billion as the fund’s SEC filing noted that it added more than $500 million to its stake in Amazon (AMZN). The Amazon stake remains the fund’s largest reported holding at $2.16 billion, while Tiger Global also now holds a $2.06 billion stake in Netflix (NFLX) and a stake worth just over $1.9 billion in Chinese e-commerce giant JD.com (JD).
The hedge fund also made news with another fourth-quarter investment in ride-sharing unicorn Uber (a private company, which is why the investment would not show up in the quarterly SEC filing). Fortunereported in December that Tiger Global was co-leading a $2.1 billion funding round that would value Uber at $62 billion.
