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Tiger Cub Chase Coleman's Second Quarter Top Five

August 27, 2013 | About:
Monica Wolfe

Monica Wolfe

121 followers
Chase Coleman, one of Julian Robertson’s Tiger Cubs and the founder of Tiger Global Management, and his team bought nine new stocks and sold out of 16 over the duration of the second quarter. Coleman manages the hedge fund portfolio of Tiger Global alongside his partner, Feroz Dewan.

Tiger Global Management is an investment firm that manages two different businesses: Private equity/venture capital funds and Public equity (hedge) funds.

Tiger Global's second quarter portfolio changes bring the fund's total number of stocks owned to 43 valued at over $5.745 billion.



Chase Coleman and Tiger Global's Top Five Stocks as of the Second Quarter:

News Corporation (NWSA)

Tiger Global's largest holding is in News Corporation where the fund holds on to 15.665 million shares. Its holding in News Corporation represents 8.9% of their total portfolio.

During the second quarter the fund increased its position in News Corp by 74.06%. The guru purchased 6.665 million shares at an estimated average quarterly price of $15.52 per share. Since then the share price has increased approximately 2%.

Tiger Global's holding history as of the second quarter:

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News Corporation is a global media company with operations in the following six industry segments: Cable Network Programming; Filmed Entertainment; Television; Direct Broadcast Satellite Television; Publishing; and Other.

News Corp’s historical price:

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News Corporation has a market cap of $6.01 billion. Its shares are currently trading at around $15.86 with a P/S ratio of 0.70.

Liberty Media (LMCA)

Coleman and Dewan's second largest position is in Liberty Media where their portfolio holds 3,845,000 shares of the company’s stock. Its position in the company represents 8.5% of their total portfolio.

During the second quarter the fund reduced its position in Liberty Media by -29.77%. The Tiger Global team sold a total of 1,630,000 shares in the second quarter price range of $108.75 to $130.01, with an estimated average price of $119.32. The price per share has increased approximately 17.5% since then.

The holding history as of the second quarter:

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Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. The company’s subsidiaries include SiriusXM, Atlanta National League Baseball Club and TruePosition. The company holds interest in Charter Communications, Live Nation and Barnes & Noble as well as minority equity investments in Time Warner and Viacom.

Liberty Media’s historical revenue and net income:

Liberty Media has a market cap of $16.9 billion. Its shares are currently trading at around $140.19 with a P/E ratio of 2.00, a P/S ratio of 8.60 and a P/B ratio of 1.20.

Priceline.com (PCLN)

Tiger Global's third largest holding is in Priceline.com where he holds 474,000 shares. Their position in Priceline represents 0.95% of the company’s shares outstanding and 6.8% of his total portfolio.

During the second quarter the fund upped its stake in Priceline by 24.74%. The gurus purchased a total of 94,000 shares in the second quarter price range of $683.57 to $842.50, with an estimated average price of $763.74. The share price has since then increased 24.3%.

The fund's holding history as of the second quarter:

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Priceline.com is an online travel company that offers its customers a range of travel services, including hotel rooms, car rentals, airline tickets, vacation packages, cruises and destination services.

Priceline’s historical revenue and net income:

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The Peter Lynch Chart suggests that the company is currently overvalued:

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Priceline.com has a market cap of $48.9 billion. Its shares are currently trading at around $949.54 with a P/E ratio of 31.20, a P/S ratio of 8.30 and a P/B ratio of 8.00. The company had an annual average earnings growth of 55.1% over the past five years.

Dollar General Corporation (DG)

Tiger Global's fourth largest position is in Dollar General where the fund currently holds on to 6 million shares. Their position in DG represents 1.83% of the company’s shares outstanding and 5.3% of his total portfolio.

During the second quarter, they increased his holdings by 12.57%. The portfolio managers purchased 670,000 shares in the second quarter price range of $48.64 to $54.48, with an estimated average price of $51.85. The price per share has since then increased about 7.3%.

Tiger Global's holding history as of the second quarter:

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Dollar General is a discount retailer in the U.S., which offers a selection of merchandise, including consumables, seasonal, home products and apparel.

Dollar General’s historical revenue and net income:

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The Peter Lynch Chart suggests that the company is currently overvalued:

1377554423863.png

Dollar General has a market cap of $18.2 billion. Its shares are currently trading at around $55.59 with a P/E ratio of 19.30, a P/S ratio of 1.10 and a P/B ratio of 3.50. The company had an annual average earnings growth of 14.6% over the past ten years.

Carter’s Inc. (CRI)

Tiger Global's fifth largest holding is in Carter’s where they currently owns 4 million shares. The position in Carter’s represents 6.74% of the company’s shares outstanding and 5.2% of his total portfolio.

During the second quarter, Tiger Global increased his holdings 36.05% by purchasing a total of 1,060,000 shares. The fund managers bought these shares in the second quarter price range of $57.06 to $74.85, with an estimated average price of $67. Since then the share price has increased about 6.8%.

Tiger Global's holding history as of the second quarter:

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The Company is a branded marketer in the United States of apparel exclusively for babies and young children. It owns two of the most highly recognized and most trusted brand names in the children's apparel industry, Carter's and OshKosh.

Carter’s historical revenue and net income:

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The Peter Lynch Chart suggests that the company is currently overvalued:

1377555429645.png

Carter’s has a market cap of $4.24 billion. Its shares are currently trading at around $71.55 with a P/E ratio of 25.00, a P/S ratio of 1.70 and a P/B ratio of 4.10. The company had an annual average earnings growth of 11.8% over the past ten years.

Check out Chase Coleman’s second quarter portfolio here.

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Rating: 4.0/5 (1 vote)

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