Tiger Global

Tiger Global's Q2 2026 filing revealed a broad rebalancing that moved the fund away from mega-cap tech and toward fintech and healthcare infrastructure, with roughly $3.0B — about 13% of the disclosed book — reshuffled over the quarter. The headline move was a record reduction in GOOGL (−$982.4M), the largest single-name cut in Tiger Global's filing history with us. The fund also trimmed META (−$175.8M), SPOT (−$228.7M), and NOW (−$70.1M), driving a net −$1.3B reduction in Communication Services — about 6% of book. Within semiconductors, AVGO was cut by 51% (−$446.9M) and LRCX by 19% (−$537.5M), though Tiger simultaneously opened a new $392.0M AMD position and added to INTC with a 160% increase (+$521.5M), suggesting a reshuffle within chips rather than a full exit. On the other side of the ledger, Tiger opened a $662.8M position in CBRS (roughly 3% of disclosed book) and a $274.0M position in V, anchoring a move into healthcare infrastructure and payments. These moves drove a net +$840.3M increase in Information Technology (≈4% of book) and +$366.5M in Industrials (≈2% of book), with Consumer Discretionary adding a further +$198.6M. Tiger also continued building its Coupang position for a fourth consecutive quarter and added to MELI, while trimming JD and SE. Taken together, the quarter's moves trace a consistent thread: Tiger Global stepped back from the highest-multiple software and consumer internet names and redeployed into payments, healthcare, and selectively repriced semiconductor positions.