Chase Coleman (Trades, Portfolio) is the founder of Tiger Global Management, an employee owned investment manager. He likes to invest in small caps and technology stocks.
The following are the stakes that Tiger Global reduced in the third quarter.
MasterCard Inc. (MA)
MasterCard makes up 2.74% of Tiger Global's portfolio and has been in the portfolio since 2010. In the last quarter, the fund reduced its stake by 65.32% at $93.97 per share. The deal had an impact of -4.44% and the price went up 4%. Currently it is trading at $97.82.
The company has a $109.83 billion market cap and operates in the Global Credit Services industry.
During the last 12 months, its revenue grew by 7.60% and EBITDA by 3.30%, but book value declined by 1.10%.
Other gurus who trimmed their holdings in MasterCard include Jeremy Grantham (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Mario Gabelli (Trades, Portfolio) and RS Investment Management (Trades, Portfolio).
JD.com Inc. (JD)
JD.com Inc. makes up 18.46% of Tiger Global's portfolio. The firm bought the position for an average of $24.64 per share in Q4 2014. It most recently reduced the stake by 18.02% and the deal had an impact of -4.41% on the portfolio. Currently it is trading at $31.58.
JD.com Inc. has a $43.2 billion market cap and operates in the Global Internet Content & Information industry.
During the last 12 months, revenue and book value declined by 4.50% and 6.80%.
Other investors who reduced their stakes were John Burbank (Trades, Portfolio) by 80.60% and Julian Robertson (Trades, Portfolio) by 18.72%.
Charter Communications Inc. (CHTR)
Charter Communications makes up 0.68% of Tiger Global's portfolio. The firm recently reduced its stake by 21.82% with an impact of -0.15% on the portfolio. Currently it is trading at $185.31.
Charter Communications has a $20.8 billion market cap, a $54.4 billion enterprise value and operates in the Global Pay TV industry.
During the last 12 months, its revenues grew by 3.10% and EBITDA by 1.10%, but book value declined by 40.4%.
Kate Spade & Co. (KATE)
Kate Spade makes up 0.74% of Tiger Global's portfolio. The firm initiated a position in this company at an average of $31.66 per share in Q1 2015, then increased the stake by 73.37% in the second quarter. In the third quarter, it reduced the stake by 49.60% with an impact of -0.68% on the portfolio. Currently it is trading at $18.89.
Kate Spade has a $2.41 billion market cap, a $2.7 billion enterprise value and operates in the Global Apparel Manufacturing industry.
During the last 12 months, its revenues grew by 16.20%, EBITDA by 26.80% and book value by 147.30%.
Other gurus who reduced their stakes are John Griffin (Trades, Portfolio) by 25.10%, Signature Select Canadian Fund (Trades, Portfolio) by 4.63% and Ken Fisher (Trades, Portfolio) by 2.35%.
Vasco Data Security International Inc. (VDSI)
Vasco Data makes up 0.33% of Tiger Global's portfolio. The firm bought 1,900,000 shares at around $23.7 per share in Q1 2015, and during the third quarter reduced it by 18.43% with an impact of -0.11%. Currently it is trading at $17.52.
Vasco Data has a $677 million market cap, a $515.04 million enterprise value and operates in the Global Software - Application industry.
During the last 12 month,s its revenues grew by 37.50%, EBITDA by 77.80% and book value by 24.80%.
Other investors increased their holding in the company such as Chuck Royce (Trades, Portfolio) by 1229.41%, Robert Olstein (Trades, Portfolio) by 360.23% and Mairs and Power (Trades, Portfolio) by 64.02%.
TransDigm Group Inc. (TDG)
TransDigm makes up 3.19% of Tiger Global's portfolio. Last quarter the firm reduced its stake by 51.12% and again by 2.81% in the third quarter. The deal had an impact of -0.08% and the price went up 1%. Currently it is trading at $230.24.
TransDigm has a $12.36 billion market cap, a $19.89 billion enterprise value and operates in the Global Aerospace & Defense industry.
During the last 12 months, its revenues grew by 12.70% and EBITDA by 14.80%.
Other gurus who reduced their stakes are Signature Select Canadian Fund (Trades, Portfolio) by 25.10% and Wallace Weitz (Trades, Portfolio) by 13.79%. Chris Davis (Trades, Portfolio), Ron Baron (Trades, Portfolio) and Alan Fournier (Trades, Portfolio) reduced their stakes below 10%.
Alibaba Group Holding Ltd. (BABA)
Alibaba makes up 0.04% of Tiger Global's portfolio. The fund reduced its stake by 37.53% and the deal had an impact of -0.03% on the portfolio. Currently it is trading at $31.58.
Alibaba has a $208.17 billion market cap, a $202.91 billion enterprise value and operates in the Global Specialty Retail industry.
During the last 12 months, its revenues grew by 34%, EBITDA by 18.80% and book value by 357.80%.
Other large decreases were from Louis Moore Bacon (Trades, Portfolio) by 99.14%, George Soros (Trades, Portfolio) by 93.31% and Steven Cohen (Trades, Portfolio) by 85.75%.
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