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Tiger Global buys into Himax and Zillow, exits several Internet stocks

  • Chase Coleman's Tiger Global Management established a 1M-share position in Himax (HIMX +1.4%), a 1.64M-share position in Zillow (Z +1.9%), and a 1.71M-share position in Trulia (TRLA +1.4%) in Q1. (13F)
  • At the same time, Tiger liquidated positions in a slew of Internet stocks. Yahoo, Amazon, Groupon, Yandex, and TripAdvisor were among the casualties.
  • The fund kept its 500K-share position in Twitter, and upped its stake in Vipshop (VIPS +5.3%) by nearly 800K shares to 2.24M ahead of the company's blowout Q1 report.
  • Himax, Zillow, and Trulia are outperforming on a rough day for equities.
Comments (5)
  • mapgirl
    , contributor
    Comments (19) | Send Message
     
    On April 28th, in a 13G filing, Tiger Global disclosed a 3.136 million share position.
    So isn't this 1.64M share position is a reduction by about half?
    15 May, 04:50 PM Reply Like
  • Opportunist
    , contributor
    Comments (121) | Send Message
     
    For what it's worth, a poster on Yahoo Messages (I know, ugh) said this:

     

    "This is the main Tiger Global. They have off shoots, which are holding Himx shares also!"
    15 May, 07:36 PM Reply Like
  • santosh_ps
    , contributor
    Comments (82) | Send Message
     
    Julian Robertson has a stake with avg price of ~11
    15 May, 09:10 PM Reply Like
  • Opportunist
    , contributor
    Comments (121) | Send Message
     
    @santosh_ps:

     

    From 2/16/14
    http://bit.ly/1vcL2pU

     

    Even though, Julian Robertson is not managing money for clients anymore, he still remains to be one of the greatest "hedgies" in the world. Which is why his moves should be followed closely. With this in mind, we have picked Tiger Management’s top five holdings in terms of value that the fund has held in its equity portfolio at the end of last year.

     

    First on the list is Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), in which the fund owns 1.96 million shares, with a reported value of $28.88 million. This is a new holding, added during the fourth quarter. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) operates an IC design house with LCD manufacturing capability.
    16 May, 12:11 AM Reply Like
  • ProfessorSmatt
    , contributor
    Comments (36) | Send Message
     
    The question I have is: When did they purchase HIMX? What % of the float do they own? Obviously not enough to file a 13D?
    16 May, 12:54 PM Reply Like
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