Tiger Global Trims Big Tech Stakes to Invest in SpaceX

Tiger Global Management significantly restructured its technology portfolio during the second quarter, according to 13-F regulatory filings submitted to the United States Securities and Exchange Commission. The hedge fund reduced its holdings in several major technology companies, most notably cutting its Alphabet stake by 45.4% and its Broadcom position by approximately 51%.

The firm also trimmed its investments in Nvidia, Microsoft, Amazon, Meta Platforms, and Taiwan Semiconductor Manufacturing, and completely exited its position in Netflix. These adjustments reflect the fund's U.S.-listed equity holdings as of June 30 compared to the previous quarter ending March 31.

While reducing its exposure to established Big Tech, the fund shifted capital toward other semiconductor and aerospace firms. Tiger Global more than doubled its stake in Intel and established new positions in Advanced Micro Devices, valued at roughly $392 million, and SpaceX, valued at approximately $64.1 million.