Tiger Global adds Spotify and Adobe, exits United Continental
Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of June 30, 2018. Tiger made 11 new buys during the quarter, including, by size of position, Spotify (SPOT), Uxin (UXIN), Coupa Software (COUP), Adobe Systems (ADBE), and GDS Holdings (GDS). The hedge fund manager exited four positions during the quarter, including by size of previous position eHi Car Services (EHIC), Ares Capital (ARCC), and United Continental (UAL). Tiger increased its stake in 13 holdings, including by size Twitter (TWTR), Facebook (FB), ServiceNow (NOW), MercadoLibre (MLI), and Sunrun (RUN). The fund reduced its stake in four holdings, including by size Redfin (RDFN), JD.com (JD), TransDigm (TDG), and Microsoft (MSFT). Tiger Global's top holdings as of June 30, in order of size, were Spotify, Amazon (AMZN), JD.com, Booking Holdings (BKNG), and Microsoft.