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Many hedge funds suffered from the stock crash this summer. John Paulson, Bill Ackman, and Lee Ainslie are among these hedge fund managers. But Chase Coleman’s Tiger Global Management was up about 30% in the same period. The 36-year old young man was seeded by the legendary investor Julian Robertson and is one of the most successful tiger cubs. His Tiger Global Management had an average return of around 21% annually since its inception in 2001.

Coleman reduced his portfolio from $6.1 billion at the end of June to $5.1 billion at the end of September. The fund also reduced its number of holdings. Tiger Global reported to have 44 positions at the end of June. Now it has 42 positions. Coleman sold out some positions in the third quarter. For example, he sold out Netflix Inc (NASDAQ:NFLX), a company providing internet subscription service streaming television shows and movies. Tiger Global Management had $271 million invested in NFLX at the end of June. It seems that Coleman made the right decision to sell all his NFLX shares as the stock lost 28.33% since the end of September. In addition to NFLX, Coleman also sold out Directv (NASDAQ:DTV), Transdigm Group Inc (NYSE:TDG), Discovery Commuications Inc (NASDAQ:DISCK), and Xerox Corp (NYSE:XRX).

Here are Tiger Global Management’s top 25 positions at the end of September:

CompanyName

Ticker

Value

Activity

YANDEX N V

YNDX

1106028

0%

APPLE INC

AAPL

646223

13%

LIBERTY GLOBAL INC

LBTYA

329774

30%

VIACOM INC NEW

[[VIA-B]]

318392

16%

AMAZON COM INC

AMZN

299987

6%

MASTERCARD INC

MA

244586

29%

VISA INC

V

231590

42%

APPLE INC Calls

AAPL

228792

-10%

PRICELINE COM INC

PCLN

205913

42%

BAIDU INC

BIDU

195196

83%

MAKEMYTRIP LIMITED

MMYT

158642

16%

HOMEAWAY INC

AWAY

157741

New

LIBERTY GLOBAL INC

LBTYK

137056

28%

LIVE NATION ENTERTAINMENT

LYV

125672

31%

CABLEVISION SYSTEMS CORP

CVC

107802

17%

RENAISSANCERE HOLDINGS

RNR

62197

-22%

GENPACT LTD

G

60421

0%

COCA COLA ENTERPRISES

CCE

47421

0%

SECTOR SPDR TRUST

XLE

46808

New

IAC INTERACTIVECORP

IACI

46772

25%

SINA CORP

SINA

38311

New

GOOGLE INC

GOOG

33555

-26%

SONY CORP

SNE

33250

New

POLYPORE INTERNATIONAL

PPO

28260

New

OPENTABLE INC

OPEN

28121

New

Over the third quarter, Coleman initiated a new stake in Sina Corp (NASDAQ:SINA). Tiger Global Management did not disclose to own any shares in SINA at the end of June and it reported to hold $38.3 million worth of the shares of the online media company. SINA returned 8.87% since the end of September. Coleman also opened new positions in Homeaway Inc (NASDAQ:AWAY), Polypore International Inc (NYSE:PPO), OpenTable Inc (NASDAQ:OPEN), and Northern Oil & Gas Inc (NYSEMKT:NOG).

Coleman increased his stake in Apple Inc (NASDAQ:AAPL). His fund increased the position in AAPL shares by 13% to $646 million and reduced the position in AAPL calls by 10% to $229 million. AAPL returned 0.90% since the end of the third quarter. Apple is the most popular stock among hedge funds at the end of September (see the 10 most popular stocks). Stephen Mandel, D. E. Shaw, Jim Simons and many other famous hedge fund managers were bullish about AAPL.

Coleman was also bullish about Mastercard Inc (NYSE:MA). Tiger Global Management increased its position in MA by 29% to $245 million. MA returned 13.88% since the end of September, beating the market by about 4 percentage points. In addition to AAPL and MA, Coleman also increased his position in Visa Inc (NYSE:V), Priceline.com (NASDAQ:PCLN), and Baidu Inc (NASDAQ:BIDU). These three stocks had a weighted average return of 18.8% since the end of the third quarter, almost doubling the return of SPY. Coleman also boosted its stakes in Viacom (VIA.B), Liberty Global (NASDAQ:LBTYA), Makemytrip (NASDAQ:MMYT), Live Nation Entertainment (NYSE:LYV), and Cablevision (NYSE:CVC).

We like Coleman. He has a golden touch. He is also very successful in his private investments. He is one of the early investors in Facebook and made billions from that investment for his investors. We believe ordinary investors should focus on his picks if they are willing to take the risk to invest in internet and entertainment stocks.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Internet Whiz Kid Chase Coleman's Top Stock Picks