Tiger Global Management is one tiger you won’t find on the PGA Tour or the endangered species list. The hedge fund’s founder, Chase Coleman, is one of the few investors who outsmarted Facebook and reportedly made around $1 billion for his investors when he sold out his Facebook shares in early 2013, according to Forbes.
Guru Chase Coleman’s 12-month average return is 38.93%. Tiger Global Management’s portfolio currently lists 43 stocks, nine of them new, with a total value of $5.74 billion and a quarter-over-quarter turnover of 21%. The portfolio top three sector weights are consumer cyclical at 27%, technology at 14.8% and consumer defensive at 10%.
According to GuruFocus research, Guru Chase Coleman reduced 11 and sold out 16 holdings in the second quarter. Here's a review of the "megafauna's" four highest-impact changes to his mega positions, as of June 30, 2013.
Groupon Inc. (GRPN, Financial): Reduced
Impact to Portfolio: - 4.48%
Up 131% over 12 months, Groupon Inc. has a market cap of $8 billion; its shares were traded at around $11.90. The P/B ratio is 10.10.
Founded in 2008, Groupon Inc. is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Chase Coleman reduced his position by 72.31%, selling 47,000,000 shares at an average price of $6.76, for a gain of 77.8%. The current share price is $12.64, with a change from average up 87%. His current shares remaining are 18,000,000.
He has averaged a gain of 176% on 65,000,000 shares bought at an average price of $4.36 per share. On shares sold, he has averaged a gain of 78% on 47 million shares sold at an average price of $6.76 per share.
Baidu Inc. (BIDU, Financial): Sold Out
Impact to Portfolio: - 3.5%
Up 29% over 12 months, Baidu Inc. has a market cap of $51.16 billion; its shares were traded at around $147.74. The P/E ratio is 29.80.
Baidu Inc.is a Chinese language Internet search provider, incorporated in the Cayman Islands in 2000. The company’s platform helps businesses to reach customers.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Chase Coleman sold out his position, unloading 2.57 million shares at an average price of $92.15, for a gain of 48.7%. The current share price is $146.25, with a change from average up 59%.
Coleman’s gains topped out at 382.4% when he sold 6,232,630 shares at an average price of $30.32 in the third quarter of 2008. He also gained 337.3% in the previous quarter, but by the fourth quarter of 2010, his gains plunged to 39.4% and stayed below 58.7% for the remainder of his five-year holding history, never taking a loss on BIDU.
Liberty Media Corporation (LMCA, Financial): Reduced
Impact to Portfolio: - 2.83%
Up 34% over 12 months, Liberty Media Corporation has a market cap of $17.62 billion; its shares were traded at around $145.36. The P/E ratio is 2.20.
Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. The company’s interests include subsidiaries Atlanta National League Baseball Club Inc., TruePosition Inc., interest in SiriusXM, Live Nation, Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom. Starz LLC is a consolidated subsidiary that provides premium subscription video programming to U.S. multichannel video distributors, including cable operators, satellite television providers and telecommunications companies.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Chase Coleman reduced his position by 29.77%, selling 1.63 million shares at an average price of $119.32 for a gain of 24.3%. The current share price is $148.30, with a change from average up 22%. Current shares remaining are 3,845,000.
He has averaged a gain of 35% on 2.15 million shares bought at an average price of $110.26 per share. On shares sold, he has averaged a gain of 24% on 1.63 million shares sold at an average price of $119.32 per share.
McGraw Hill Financial Inc. (MHFI, Financial): Sold Out
Impact to Portfolio: - 2.5%
Up 20% over 12 months, McGraw Hill Financial Inc. has a market cap of $18.08 billion; its shares were traded at around $65.16. The P/E ratio is 17.20.
McGraw Hill Financial Inc. is a financial information and education company that offers information on capital market, commodities market and commercial markets services. The company serves its customers through a range of products, services and distribution channels, including digital data and information, integrated digital platforms, online via Internet websites as well as with printed books, magazines and newsletters, and conferences and trade shows.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Chase Coleman sold out his position, selling 3.05 million shares at an average price of $53.66, for a gain of 22.4%. The current share price is $65.69, with a change from average up 22%. Coleman held for three quarters only. In the fourth quarter of 2012, he gained 21.8% on 2.06 million shares bought at an average price of $53.92 per share. In the first quarter of 2013, he gained 30.8% on 990,000 shares bought at an average price of $50.22 per share.
Chase Coleman is one of Julian Robertson’s original Tiger Cubs. Coleman and Feroz Dewan manage the hedge fund portfolio of Tiger Global Management, dealing in private equity/venture capital funds and public equity (hedge) funds.
Here is the complete portfolio of Chase Coleman.
Be sure to read:
1. Chase Coleman's Undervalued Stocks
2. Chase Coleman's Top Growth Companies
3. Chase Coleman's High Yield stocks
4. Stocks that Chase Coleman keeps buying
If you are not a Premium Member, we invite you for a 7-day Free Trial.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
Guru Chase Coleman’s 12-month average return is 38.93%. Tiger Global Management’s portfolio currently lists 43 stocks, nine of them new, with a total value of $5.74 billion and a quarter-over-quarter turnover of 21%. The portfolio top three sector weights are consumer cyclical at 27%, technology at 14.8% and consumer defensive at 10%.
According to GuruFocus research, Guru Chase Coleman reduced 11 and sold out 16 holdings in the second quarter. Here's a review of the "megafauna's" four highest-impact changes to his mega positions, as of June 30, 2013.
Groupon Inc. (GRPN, Financial): Reduced
Impact to Portfolio: - 4.48%
Up 131% over 12 months, Groupon Inc. has a market cap of $8 billion; its shares were traded at around $11.90. The P/B ratio is 10.10.
Founded in 2008, Groupon Inc. is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Chase Coleman reduced his position by 72.31%, selling 47,000,000 shares at an average price of $6.76, for a gain of 77.8%. The current share price is $12.64, with a change from average up 87%. His current shares remaining are 18,000,000.
He has averaged a gain of 176% on 65,000,000 shares bought at an average price of $4.36 per share. On shares sold, he has averaged a gain of 78% on 47 million shares sold at an average price of $6.76 per share.
Baidu Inc. (BIDU, Financial): Sold Out
Impact to Portfolio: - 3.5%
Up 29% over 12 months, Baidu Inc. has a market cap of $51.16 billion; its shares were traded at around $147.74. The P/E ratio is 29.80.
Baidu Inc.is a Chinese language Internet search provider, incorporated in the Cayman Islands in 2000. The company’s platform helps businesses to reach customers.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Chase Coleman sold out his position, unloading 2.57 million shares at an average price of $92.15, for a gain of 48.7%. The current share price is $146.25, with a change from average up 59%.
Coleman’s gains topped out at 382.4% when he sold 6,232,630 shares at an average price of $30.32 in the third quarter of 2008. He also gained 337.3% in the previous quarter, but by the fourth quarter of 2010, his gains plunged to 39.4% and stayed below 58.7% for the remainder of his five-year holding history, never taking a loss on BIDU.
Liberty Media Corporation (LMCA, Financial): Reduced
Impact to Portfolio: - 2.83%
Up 34% over 12 months, Liberty Media Corporation has a market cap of $17.62 billion; its shares were traded at around $145.36. The P/E ratio is 2.20.
Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. The company’s interests include subsidiaries Atlanta National League Baseball Club Inc., TruePosition Inc., interest in SiriusXM, Live Nation, Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom. Starz LLC is a consolidated subsidiary that provides premium subscription video programming to U.S. multichannel video distributors, including cable operators, satellite television providers and telecommunications companies.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Chase Coleman reduced his position by 29.77%, selling 1.63 million shares at an average price of $119.32 for a gain of 24.3%. The current share price is $148.30, with a change from average up 22%. Current shares remaining are 3,845,000.
He has averaged a gain of 35% on 2.15 million shares bought at an average price of $110.26 per share. On shares sold, he has averaged a gain of 24% on 1.63 million shares sold at an average price of $119.32 per share.
McGraw Hill Financial Inc. (MHFI, Financial): Sold Out
Impact to Portfolio: - 2.5%
Up 20% over 12 months, McGraw Hill Financial Inc. has a market cap of $18.08 billion; its shares were traded at around $65.16. The P/E ratio is 17.20.
McGraw Hill Financial Inc. is a financial information and education company that offers information on capital market, commodities market and commercial markets services. The company serves its customers through a range of products, services and distribution channels, including digital data and information, integrated digital platforms, online via Internet websites as well as with printed books, magazines and newsletters, and conferences and trade shows.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Chase Coleman sold out his position, selling 3.05 million shares at an average price of $53.66, for a gain of 22.4%. The current share price is $65.69, with a change from average up 22%. Coleman held for three quarters only. In the fourth quarter of 2012, he gained 21.8% on 2.06 million shares bought at an average price of $53.92 per share. In the first quarter of 2013, he gained 30.8% on 990,000 shares bought at an average price of $50.22 per share.
Chase Coleman is one of Julian Robertson’s original Tiger Cubs. Coleman and Feroz Dewan manage the hedge fund portfolio of Tiger Global Management, dealing in private equity/venture capital funds and public equity (hedge) funds.
Here is the complete portfolio of Chase Coleman.
Be sure to read:
1. Chase Coleman's Undervalued Stocks
2. Chase Coleman's Top Growth Companies
3. Chase Coleman's High Yield stocks
4. Stocks that Chase Coleman keeps buying
If you are not a Premium Member, we invite you for a 7-day Free Trial.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
