Tiger Global

Full summary

Tiger Global's Q2 2026 quarterly filing was dominated by one standout reduction: the largest reduction in GOOGL on record with us (since 2025-Q2), totaling −$982.4M. That single move set the tone for a quarter in which the fund trimmed more positions than it added, paring back holdings in AVGO (−51% QoQ, −$446.9M), SPOT (−26% QoQ), META (−9% QoQ), and NOW (−42% QoQ), among others. On the other side of the ledger, Tiger opened five new positions. The largest was CBRS at 3% of disclosed book ($662.8M), followed by AMD at 2% of portfolio ($392.0M) and Visa (V) at 1% of portfolio ($274.0M). Smaller new stakes were initiated in APLD ($33.0M) and CIFR ($22.7M), the latter two in the digital infrastructure space. The fund also added to INTC in a meaningful way — +160% QoQ, bringing the position to $521.5M at 2% of portfolio. Two running streaks continued in Q2. Tiger added to CPNG for a 4th consecutive quarter (+1.9M shares in 2026-Q2), maintaining a long-running conviction in the South Korean e-commerce name. Conversely, APP was trimmed for a 3rd consecutive quarter (−1.0M shares in 2026-Q2), a steady reduction that has now stretched across three reporting periods. The quarter's pattern is a rebalancing away from large-cap software and internet names toward semiconductor and payments infrastructure — INTC and AMD added while AVGO, META, and GOOGL were cut — though the CBRS opening stands as the single largest new commitment of the period.

Underlying filings

1. Institutional holdingTiger GlobalJun 30, 2026Trimmed UNH · −53.0k shares · +$28.8M
2. Institutional holdingTiger GlobalJun 30, 2026Opened position in V · 798.7k shares · $274.0M
3. Institutional holdingTiger GlobalJun 30, 2026Trimmed PONY · −2.6M shares · −$25.2M
4. Institutional holdingTiger GlobalJun 30, 2026Trimmed LRCX · −736.9k shares · +$537.5M
5. Institutional holdingTiger GlobalJun 30, 2026Trimmed MSFT · −233.1k shares · −$79.8M
6. Institutional holdingTiger GlobalJun 30, 2026Trimmed JD · −142.8k shares · −$5.0M
7. Institutional holdingTiger GlobalJun 30, 2026Trimmed SE · −2.9M shares · −$73.0M
8. Institutional holdingTiger GlobalJun 30, 2026Trimmed META · −263.7k shares · −$175.8M
9. Institutional holdingTiger GlobalJun 30, 2026Trimmed NOW · −626.5k shares · −$70.1M
10. Institutional holdingTiger GlobalJun 30, 2026Opened position in CBRS · 3.0M shares · $662.8M
11. Institutional holdingTiger GlobalJun 30, 2026Trimmed AVGO · −1.8M shares · −$446.9M
12. Institutional holdingTiger GlobalJun 30, 2026Trimmed GEV · −175.5k shares · +$87.6M
13. Institutional holdingTiger GlobalJun 30, 2026Added to INTC · +2.6M shares · +$521.5M
14. Institutional holdingTiger GlobalJun 30, 2026Trimmed SPOT · −409.3k shares · −$228.7M
15. Institutional holdingTiger GlobalJun 30, 2026Opened position in APLD · 885.0k shares · $33.0M
16. Institutional holdingTiger GlobalJun 30, 2026Opened position in CIFR · 927.0k shares · $22.7M
17. Institutional holdingTiger GlobalJun 30, 2026Opened position in AMD · 674.7k shares · $392.0M
18. Institutional holdingTiger GlobalJun 30, 2026Added to CPAY · +397.7k shares · +$206.6M
19. Institutional holdingTiger GlobalJun 30, 2026Added to XYZ · +576.0k shares · +$107.1M
20. Institutional holdingTiger GlobalJun 30, 2026Trimmed AMZN · −316.4k shares · +$225.3M
21. Institutional holdingTiger GlobalJun 30, 2026Added to RDDT · +28.8k shares · +$102.3M
22. Institutional holdingTiger GlobalJun 30, 2026Added to CPNG · +1.9M shares · −$19.7M
23. Institutional holdingTiger GlobalJun 30, 2026Added to MELI · +18.1k shares · +$26.5M