Tiger Management is run by the hedge fund legend Julian Robertson and as per the recent SEC 13F filing of Tiger Management on November 14, Alibaba Group Holding Ltd (NYSE:BABA), Gilead Sciences, Inc. (NASDAQ:GILD), eBay Inc (NASDAQ:EBAY) are its top stock holdings. Tiger Fund Management has portfolio investments exceeding $377 million with 50 stocks in its portfolio.
Alibaba Group Holding Ltd (NYSE:BABA) is the top stock holding of Tiger Management with 1,216,283 shares of the company at current market value of $108 million. The recent third quarter hedge fund filings have highlighted the interest of major investors in Alibaba Group Holding Lt (NYSE:BABA). The world’s largest online marketplace reported net gross merchandise volume of $9.3 billion on Single’s Day or “11.11 Shopping Festival” dwarfing both Black Friday and Cyber Monday sales.
Gilead Sciences, Inc. (NASDAQ:GILD) comes at number second in Tiger Management’s portfolio with investments worth $47 million and 443,911 shares of the company. Last week, Gilead Sciences, Inc.(NASDAQ:GILD) announced senior unsecured notes worth $4 billion in a registered public offering, which is likely to close on November 17, 2014. Some of the primary investors of Gilead Sciences, Inc. (NASDAQ:GILD) include Egerton Capital Limited, Orbis Investment Management, and Columbus Circle Investors. (Click here to see the complete list of hedge funds with position in GILD at the end of second quarter)
eBay Inc (NASDAQ:EBAY) is the third largest stock investment of Tiger Management with 496,400 shares of the company at market value of $28 million. The online retailer is likely to separate its two major businesses in 2015 namely eBay and PayPal into separately public traded companies next year. The board of directors of eBay Inc (NASDAQ:EBAY) is likely to streamline its efforts in improving online sales with new alliances and partnerships. The transaction is likely to complete in the second half of 2015.
This article has been written by Prakash Pandey.