In the second quarter of 2026, Chase Coleman's Tiger Global Management executed a significant portfolio realignment within its $23.98 billion public equity book. The fund maintained its concentrated, tech-heavy strategy, with TSM, Amazon, Nvidia, Google, and Meta as its top holdings. However, the filing reveals a strategic shuffle, characterized by major reductions in some mega-cap tech names, the complete exit from several high-profile growth stocks, and the establishment of new positions in the semiconductor and AI hardware space.
The most substantial changes included a 45% reduction in the fund's Alphabet (GOOGL) stake and a 51% cut in its Broadcom (AVGO) position. Concurrently, Tiger completely exited its holdings in companies like AppLovin, Zillow, and Netflix. In a significant display of conviction, the firm increased its stake in Intel by nearly 160%. These moves suggest a deliberate reallocation of capital away from certain consumer internet and mega-cap tech leaders and into more targeted hardware and enterprise opportunities.
Tiger also initiated several new positions, led by a high-conviction $662 million investment in AI chipmaker Cerebras Systems (CBRS). Other notable new buys included semiconductor company AMD and data storage firm Seagate Technology. The fund also added a new stake in payments giant Visa and increased its position in Corpay, indicating a continued focus on the digital payments and fintech sectors alongside its primary wagers on AI and semiconductor infrastructure.