Tiger Global Management (Coleman)

Tiger Global doubled down on the AI mega-cap-tech thesis: every single top-six name held its weight or grew, top-3 concentration up from 28% to 32%. Alphabet 13.4% (up from 11%), Nvidia 9.2%, TSMC nearly doubled to 8.2%, Meta 7.7%, Broadcom 4.9%. Microsoft is the lone cut (-54%) — Coleman swapping MSFT exposure into TSMC + Broadcom + Applied Materials. Three legacy positions exited (Flutter, Veeva 14q, Grab 14q). Reddit and AppLovin cut in half. This reads as a clean rotation to picks-and-shovels semis.

• ★ HELD
  ALPHABET INC GOOGL

  Top weight at 13.4% (was 11.2%); held for 24 quarters at +121% unrealized — the anchor that just keeps compounding.

• ★ HELD
  TAIWAN SEMICONDUCTOR MANUFAC TSM

  Shares +49% and weight nearly doubled to 8.2% — TSMC moves from a secondary holding to a top-three weight.

• ▼ REDUCED
  MICROSOFT CORP MSFT

  Cut -54% in shares; weight from 8.9% to 4.1%. The funding source for the TSMC + AVGO + AMAT scale-up.

• ★ HELD
  NVIDIA CORPORATION NVDA

  Shares +9% to 9.2% weight at +172% unrealized — the AI-compute core is still being built up after 13 quarters of holding.

• ★ HELD
  BROADCOM INC AVGO

  Shares +25% to 4.9% — alongside the TSMC scale, this is the picks-and-shovels rotation in two tickers.

• ▼ REDUCED
  TAKE-TWO INTERACTIVE SOFTWAR TTWO

  Cut -66% in shares — gaming exposure halved even at +56% unrealized.

• × EXIT
  FLUTTER ENTMT PLC FLUT

  Closed after 6 quarters — consumer-betting exit alongside TTWO trim.

• ◐ CONCENTRATION

  Top-3 weight 28% → 32% (+4pp) — a deliberate concentration step on the AI thesis.