AI Analysis · Q1 2026

Tiger Global Management LLPs March 2026 13F describes the largest U.S.-registered hedge-fund technology portfolio in the coverage universe: a .85 billion, 54-position portfolio overwhelmingly concentrated in the FAANG-MANTA-semiconductor cluster. Alphabet at .06B (13.4%), NVIDIA at .09B (9.2%), Amazon at .08B (9.1%), Taiwan Semiconductor at .88B (8.2%), Meta at .77B (7.7%), Sea Limited at .28B (5.6%), Broadcom at .11B (4.9%), and Microsoft at M (4.1%) together absorb 69% of public capital. The .87B year-over-AQ AUM contraction was primarily a function of price compression in Microsoft, Take-Two Interactive, Reddit, Apollo Global, and Applied Materials combined with Tigers active trimming of each. The most significant trade was a 54.4% share reduction in Microsoft producing a .72B position decline. Simultaneously Tiger redeployed into the semiconductor infrastructure stack it believes has longer run-room: TSM +M, AMAT +M (an 85% share-count increase), AVGO +M. New positions -- MercadoLibre at M, Lumentum at M, EquipmentShare at M, and Intel at M -- occupy late-cycle and asymmetric themes. Trims in Block, ServiceNow, Chime, Workday, and CoStar represent a rotation away from fintech-and-software platforms and toward physical AI infrastructure. The whaleScore of 80.75 reflects the highest single-name concentrations in the large-fund tier -- Alphabet at 13.4% and NVIDIA at 9.2% are unusually large weights for a fund this size -- and positions Tiger as a directional force in U.S. equity markets.