Tiger Global Management cuts stakes in Big Tech, buys into SpaceX

Tiger Global Management made several adjustments to its Big Tech investments during Q2, as disclosed in their SEC filings. They trimmed their Alphabet shares by 45.4% to 5.81 million, Nvidia by 6.8% to 11.20 million, Microsoft by 9.3% to 2.27 million, Amazon by 3.2% to 9.68 million, and Meta Platforms by 8.5% to 2.82 million. They completely sold their Netflix position valued at $234.5 million, reduced their Broadcom stake by 51% to 1.75 million shares, and decreased their Taiwan Semiconductor Manufacturing holding by 12.3% to 4.88 million ADRs.

Conversely, they doubled their Intel position to 4.25 million shares and established a 674,727-share stake in Advanced Micro Devices, and reported a 375,000-share position in SpaceX valued at $64.1 million.