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

Tiger Global Management, a prominent hedge fund, made strategic adjustments to its portfolio of Big Tech companies during the second quarter, according to regulatory disclosures filed with the U.S. Securities and Exchange Commission. In a series of moves, the fund reduced its exposure to several major tech companies while simultaneously increasing its investments in Advanced Micro Devices and SpaceX.

Notably, Tiger Global trimmed its holdings in Alphabet, Nvidia, Microsoft, Amazon, and Meta Platforms, while establishing new positions in Intel, AMD, and SpaceX. The hedge fund's changes in ownership came as of June 30, 2023, and were not disclosed in subsequent trading or short positions.