Tiger Global Management (Coleman)

Tiger Global's prior quarter looks like the static frame before the Q1-2026 rotation: every top-13 name is a persistence position with no major changes — Alphabet, Microsoft, Amazon, Nvidia, Sea Ltd, Meta, TTWO, TSMC, AVGO, Apollo, Reddit, AppLovin all held at near-prior weights. Only meaningful adds: Coupang +66%, AMAT (in the longer detail), and Alphabet share growth as price appreciated. AppLovin trimmed -35% with +570% unrealized — taking some profit on the multi-bagger.

• ★ HELD
  ALPHABET INC GOOGL

  Top weight 11.2% (was 8.0%), 23 quarters, +141% unrealized — built into the dominant position over a long arc.

• ★ HELD
  MICROSOFT CORP MSFT

  Held flat at 8.9% — still the #2 weight before the Q1-2026 -54% cut.

• ★ HELD
  SEA LTD SE

  32 quarters held, +123% unrealized, weight 6.6% — the legacy emerging-markets internet bet still very much intact.

• ★ HELD
  NVIDIA CORPORATION NVDA

  12 quarters held, +250% unrealized, weight 6.9% — held steady before the Q1 +9% top-up.

• ▼ REDUCED
  APPLOVIN CORP APP

  Cut -35% even at +570% unrealized — long-running multi-bagger that's being slowly de-risked.

• ▲ ADDED
  COUPANG INC CPNG

  Shares +66% to 2.1% weight — emerging-markets e-commerce add, fits Tiger's historical playbook.

• • CONTEXT

  Almost every top-13 position is a persistence flag — this is the quiet quarter before the visible Q1-2026 rotation toward semi-cap names.