Profil et philosophie d'investissement

Chase Coleman et Tiger Global Management ont fortement renforcé leur exposition au matériel de semi-conducteurs au premier trimestre 2026, avec des augmentations massives dans TSM et Applied Materials. Alphabet reste la principale position du fonds, mais les nouveaux paris sur Intel et MercadoLibre traduisent un élargissement du mandat technologique du fonds vers les plateformes industrielles et de commerce mondial.

Track Record

Chase Coleman founded Tiger Global Management in 2001 with USD 25 million in seed capital from his mentor Julian Robertson. The firm grew to over USD 50 billion in assets across hedge fund and private vehicles by 2021, before the 2022 tech crash erased roughly 56% of its public-equity book — one of the worst years in modern hedge fund history. The hybrid model blends public long-short with venture-stage bets in software and consumer internet. Since the 2022 reset, Coleman has trimmed exposure, raised cash, and re-anchored the public book around mega-cap quality. Benchmark of choice: Nasdaq 100, which Tiger lagged sharply during the drawdown.

Trades emblématiques

Stratégie actuelle (2026)

Tiger Global's 2026 13F shows a concentrated re-pivot to mega-cap quality after the 2022 drawdown. Alphabet leads at 13.4%, followed by Nvidia at 9.2%, Amazon at 9.1% and TSMC at 8.2% — together more than 40% of the public book. The portfolio reads less like the venture-spillover of 2021 and more like a high-conviction technology basket centered on AI compute, hyperscale cloud and digital advertising. Coleman appears to have learned the lesson of 2022: when valuations compress, diversification across thirty small-cap software names provides no protection. The new playbook is fewer positions, larger weights, and a clear bias toward companies with structural pricing power and dominant share in their end markets.

Coleman is the most polarising of the Tiger Cubs. Believers point to the long-run compounding before 2022; critics note that a -56% public-equity year is mathematically very hard to recover from. Our reading of the current book: the new top four is a credible, defensible portfolio you could lift wholesale and outperform most active funds with. The interesting question is not whether the names are right, but whether the firm can keep talented analysts after a structural reset. We watch the trajectory more than the marketing.

Dernière déclaration SEC Form 13F. Valeur totale du portefeuille: 19,9 Md €. Positions: 54 positions.