"Tracking Chase Coleman’s Tiger Global Portfolio – Q1 2018 Update"
"Chase Coleman’s 13F portfolio value increased from $12.66B to $15.04B this quarter.Tiger Global increased Facebook and Microsoft substantially during the quarter.The largest three positions are Amazon.com, JD.com, and Booking Holdings, and they add up to ~32% of the portfolio.This article is part of a series that provides an ongoing analysis of the changes made to Chase Coleman’s Tiger Global Management 13F stock portfolio on a quarterly basis. It is based on Tiger Global’s regulatory  filed on 05/15/2018. Please visit our  Portfolio series to get an idea of their investment philosophy and the fund’s moves in Q4 2017.Chase Coleman’s 13F portfolio value increased ~19% this quarter from $12.66B to $15.04B. Recent 13F reports have shown around 50 positions. 26 of those are significantly large (more than 0.5% of the portfolio each) and they are the focus of this article. The largest five stakes are Amazon.com (AMZN), JD.com (JD), Booking Holdings (BKNG) previously Priceline, Microsoft, and Apollo Global (APO). Together, they add up to ~47% of the entire 13F portfolio.Prior to founding Tiger Global Management in 2001, Chase Coleman was the technology analyst at Tiger Management from 1997 to 2000, making him a bona fide “tiger cub”. To know more about Julian Robertson and his legendary Tiger Management, check out .New Stakes:Mercadolibre (MELI) and Twitter Inc. (TWTR): These are the two new positions this quarter. MELI is a 1.89% portfolio stake established at prices between $320 and $414 and the stock currently trades just below the low end of that range at ~$315. TWTR is a 1.82% portfolio position purchased this quarter at prices between $22 and $36.50 and it is now at $33.63.Stake Disposals:Alphabet Inc. (GOOG): GOOG was a 1.62% stake established last quarter at prices between $952 and $1077 and disposed this quarter at prices between $1001 and $1176. The stock is currently trading at $1076.Charter Communications (CHTR): CHTR was a minutely small 0.36% portfolio position as of last quarter. It was first purchased in Q3 2012 at a cost-basis of ~$75 per share. The stake has seen frequent trading. Recent activity follow: roughly thirteen-times increase at prices between $175 and $193 in the three quarters thru Q2 2016. There was a ~50% reduction in H2 2016 at prices between $232 and $292. Q1 2017 saw a further one-third selling at prices between $286 and $333 and that was followed with a similar reduction in the following quarter at prices between $313 and $353. The remaining position was almost sold out last quarter at prices between $316 and $371. The stock is now at $270. The remainder stake was disposed this quarter. Tiger Global realized huge long-term gains.Comcast Corporation (CMCSA), Etsy Inc. (ETSY), and Teladoc Inc. (TDOC): These small positions (less than ~1.5% of the portfolio each) were reduced last quarter and eliminated this quarter.Stake Decreases:Booking Holdings (BKNG) & Calls previously Priceline: BKNG is a large (top three) ~9% of the portfolio position. The stake was purchased in Q4 2015 at prices between $1237 and $1465. Q3 2016 saw a one-third increase at prices between $1248 and $1473 and that was followed with another similar increase the following quarter at prices between $1424 and $1578. The stock is now at $2111. There was a ~15% trimming in Q1 2017 and that was followed with a ~27% selling last quarter at prices between $1646 and $1943. This quarter saw another ~18% selling at prices between $1750 and $2206. Tiger Global is realizing gains.Note: Booking Holdings has seen a previous roundtrip in the portfolio. A fairly large position first purchased in 2007 was disposed in 2015 realizing huge profits.FleetCor Technologies (FLT): FLT is a 1.51% of the portfolio stake first purchased in Q4 2012 at prices between $45 and $53. The position has wavered. Recent activity follow: Q4 2016 saw a ~22% increase at prices between $141 and $175 while the following quarter saw a ~50% reduction at prices between $140 and $170. There was an almost two-thirds increase in Q2 2017 at prices between $131 and $151 and that was followed with a ~23% increase the following quarter at prices between $139 and $155. Last quarter saw a ~50% reduction at prices between $155 and $193. The stock is now at ~$202.MasterCard Inc. (MA), EHI Car Services (EHIC), and ServiceNow Inc. (NOW): These very small positions (less than ~1% of the portfolio each) were reduced this quarter.Note: Regulatory filings since the quarter ended show them having disposed the EHI Car Services position at $12 per share to a consortium involved in the going-private initiative announced last December. The original EHIC position goes back to 2015 when they had an almost one-third ownership stake in the business.Stake Increases:Amazon.com Inc. (AMZN): AMZN is currently the largest 13F stake at ~12% of the portfolio. The position was established in Q2 & Q3 2015 at prices between $370 and $540. Q1 2016 had seen a two-thirds reduction at prices between $482 and $676. The following quarter saw a ~40% increase at prices between $586 and $728 and the stock is now at $1610. Q3 2017 had seen a ~24% increase at prices between $945 and $1053 while last quarter saw a similar reduction at prices between $957 and $1196. There was a ~7% increase this quarter.Note: AMZN has seen a previous round-trip in the portfolio. A 1M share stake purchased in 2010 in the low-100s price range was disposed of in Q1 2014 in the high-300s realizing huge gains.JD.com (JD) & Calls: JD was a ~5M share position first purchased in Q4 2014 at prices between $23.50 and $27. The next two quarters saw the position built up to a huge ~70M share position (~25% of the 13F portfolio at the time) at prices between $24 and $38. Since then, the stake has wavered. Recent activity follow: Q3 2017 saw a ~12% increase at prices between $38 and $48 while last quarter saw a ~17% reduction at prices between $36.75 and $43. The stock is currently at $36.87. It is their second-largest 13F position at ~11% of the portfolio (~41M shares). There was a marginal increase this quarter. For investors attempting to follow Tiger Global, JD is a good option to consider for further research.Microsoft Corporation (MSFT): MSFT is a large (top five) ~8% portfolio stake established in Q4 2016 at prices between $57 and $63 and increased by ~400% in Q2 2017 at prices between $65 and $72. The stock is now at $98.36. Last quarter saw a ~9% trimming while this quarter there was a ~38% stake increase at prices between $85 and $97.Apollo Global Management (APO): APO is a large (top five) ~7% portfolio position first purchased in Q1 2017 at prices between $19.50 and $24.50 and increased by ~40% the following quarter at prices between $24 and $28.50. Last three quarters have also seen minor increases. The stock is now at $31.62.Note: Tiger Global has a ~18% ownership stake in Apollo Global Management.Facebook Inc. (FB): The current ~6% FB stake was established in Q4 2016 at prices between $115 and $132. Q3 2017 saw a ~250% stake increase at prices between $148 and $174 and that was followed with a one-third increase last quarter at prices between $168 and $183. There was another ~135% increase this quarter at prices between $152 and $193. The stock currently goes for $185.Note: Facebook has seen a previous roundtrip in the portfolio. A pre-IPO investment of ~54M shares was sold out by Q4 2012. The trade generated over $1B in profits.Transdigm Group (TDG): TDG is a 5.64% of the portfolio position. It was first purchased in Q4 2016 at prices between $245 and $289. H1 2017 saw the position built up to a large ~9% portfolio stake (4M shares) at prices between $210 and $272. There was a ~20% selling in Q3 2017 at prices between $264 and $288 and that was followed with a ~40% reduction last quarter at prices between $256 and $285. The pattern reversed this quarter: ~44% increase at prices between $270 and $317. The stock currently trades at $334.Note: Tiger Global has a 5.3% ownership interest in Transdigm Group. TDG has seen a previous round-trip in the portfolio: a long-term position significantly increased in H2 2013 was disposed in Q1 2016 realizing long-term gains.Alibaba Group Holdings (BABA): BABA is a fairly large 4.57% portfolio stake established in Q3 2016 at prices between $78.50 and $109 and the stock is now at $199. There was a ~16% selling last quarter at prices between $169 and $191. This quarter saw a marginal increase.Netflix Inc. (NFLX): NFLX is a frequently traded stock in Tiger Global’s portfolio. It has seen multiple roundtrips since 2011. The bulk of the current 4.24% position was purchased in Q3 2017 at prices between $146 and $189. There was ~43% reduction last quarter at prices between $177 and $203 while this quarter saw a ~23% increase at prices between $200 and $330. The stock currently trades at $351.Fiat Chrysler (FCAU): FCAU is a 3.55% of the portfolio position purchased in Q4 2016 at prices between $6 and $9. There was a one-third reduction in Q1 2017 at prices between $9.50 and $11.50 and that was followed with a ~40% selling next quarter at prices between $9.70 and $11.65. The stock is now at $21.82. The position has wavered since. There was a ~18% stake increase this quarter at prices between $18 and $25.Domino’s Pizza (DPZ): DPZ is a ~3% portfolio stake established in Q4 2016 with the bulk purchased in the following quarter at prices between $151 and $172. Q2 2017 saw a ~30% selling at prices between $174 and $219. The stock is now at ~$250. Q3 2017 saw a ~16% increase while last quarter there was a ~11% trimming.  There was a marginal increase this quarter.Note: Tiger Global has a 4.7% ownership stake in Domino’s Pizza.Autodesk Inc. (ADSK): ADSK is a 1.88% portfolio stake purchased in Q3 2017 at prices between $99 and $117 and increased by ~75% last quarter at prices between $104 and $130. The stock currently trades at ~$133. There was a ~4% increase this quarter.Salesforce.com (CRM): CRM is a 1.75% position purchased last quarter at prices between $93 and $109 and increased by just over 200% this quarter at prices between $104 and $128. It now goes for $128.Kept Steady:Despegar.com (DESP): DESP is a large (top five) position at 6.27% of the portfolio. It came about as a result of the Argentine airline booking business’s IPO in September 2017. Tiger Global had a majority ownership interest in the business prior to the IPO. The stock started trading at ~$32 and currently goes for $22.86.Note: Tiger Global’s ownership stake in the business is ~44%.TAL Education (TAL) and New Oriental Education (EDU): These two positions were established in Q4 2016 and increased substantially since. The 2.48% TAL stake was purchased at prices between $11.25 and $13.75 and increased by ~40% the following quarter at prices between $11.50 and $18. The stock is now at $42.97. EDU is a 1.67% portfolio position purchased at prices between $42 and $52 and increased by ~55% the following quarter at prices between $42 and $60. The stock is now at ~$101. There was a ~28% increase last quarter at prices between $81.50 and $94.Note: TAL Education has seen a previous roundtrip in the portfolio. Tiger Global had a majority ownership stake in TAL Education prior to its IPO. The position was disposed by Q1 2014.Redfin Corp (RDFN): RDFN is a small 1.17% portfolio stake that came about as a result of the online real-estate firm’s IPO last August. Tiger Global’s stake in the business goes back to 2013. At the time, the funding round they participated in occurred at a valuation of ~$500M compared to the current market valuation of ~$1.8B. The stock started trading at ~$20 and is currently at $21.73.Note: Tiger Global’s ownership stake in the business is 9.4%.Restaurant Brands International (QSR) and Visa Inc. (V): These small positions (less than ~1% of the portfolio each) were reduced last quarter but kept steady this quarter.Netshoes Cayman (NETS): NETS is a minutely small 0.35% portfolio stake kept steady this quarter. Tiger Global has a 27.5% ownership stake in Netshoes Cayman, a Latin American online retailer. The stake is from 2014 when they participated in funding rounds.The 13F portfolio also include the following minutely small (less than 0.5% of the portfolio each) positions: Ares Capital (ARCC), Atlassian Corp plc (TEAM), Barclays Bank (BCS), Bilibili Inc. (BILI), Bright Scholar Education (BEDU), Cloudera Inc. (CLDR), DropBox (DBX), Farmland Partners (FPI), FireEye Inc. (FEYE), Fitbit Inc. (FIT), Iqiyi Inc. (IQ), LendingClub Corp (LC), Mongodb Inc. (MDB), Okta Inc. (OKTA), OneSmart Intl. (ONE), J C Penney (JCP), Pure Storage (PSTG), Rise Ed Cayman (REDU), Sea Ltd. (SE), Shopify Inc. (SHOP), Sina Corp (SINA), Sogou Inc. (SOGO), Sunlands Online (STG), Sunrun (RUN), Switch Inc. (SWCH), United Continental (UAL), and ZTO Express Cayman (ZTO).Note: Although the relative sizes compared to the overall portfolio are small, it is significant that Tiger Global has the following ownership stakes: ~9% of Sunrun and ~6% of Bright Scholar Education.Below is a spreadsheet that shows the changes to Chase Coleman's Tiger Global Holdings 13F portfolio holdings as of Q1 2018:Regulatory Filings thru 2/28/2018: 13G & 13G/As – 2/14 – DESP – 30.2M shares – 43.7% of business, RDFN – 7.69M shares – 9.4% of business, TDOC – 236K shares 0.4% of business, TDG – 1.92M shares – 3.7% of business, NETS – 8.87M shares – 27.5% of business, APO – 34.2M shares – 17.7% of business, DPZ – 2.08M shares – 4.7% of business, ETSY – 4.18M shares – 3.4% of business, ROKU – 0, 2/27 13D/A & 1/29 13G/A – EHIC – agrees to sell position at $12 to the consortium involved in the going-private proposal - 1/29 13G/A - 10.53M shares held as 5.26M ADSs - ~2.75M ADSs sold at ~$11.75 – 14.2% of business, 13D/A – 1/12/2018 – eHi Car Services - EHIC – 16.08M shares – 21.7% of business.First SA Article: Tracking Chase Coleman’s Tiger Global Portfolio – Q4 2017 UpdateChase Coleman’s 13F portfolio value decreased from $14.74B to $12.66B this quarter.Tiger Global decreased Booking Holdings, Amazon.com, and Transdigm Group substantially during the quarter.The largest three positions are JD.com, Booking Holdings, and Amazon.com and they add up to ~35% of the portfolio.This article is first in a series that provides an ongoing analysis of the changes made to Chase Coleman’s Tiger Global Management 13F stock portfolio on a quarterly basis. It is based on Tiger Global’s regulatory  filed on 02/14/2018.Chase Coleman founded Tiger Global Management in 2001. The returns during the first seven years were stunning: 44% annualized net-of-fees. The annualized performance since inception is also impressive: solidly in the venerable 20 percent club (20%+ annualized returns over the long-term). For 2017, the fund was up ~28%. Assets Under Management (AUM) is at around $25B.Tiger Global Management has a long-short orientation with large stakes in traded equities and illiquid late-stage startups. 13F assets are at ~50% of AUM. Positions typically are very concentrated - sizing relative to AUM and as a percentage of business can be very high (double-digit percentage values are not uncommon).Chase Coleman’s 13F portfolio value decreased ~14% this quarter from $14.74B to $12.66B. Recent 13F reports have shown around 50 positions. 30 of those are significantly large (more than 0.5% of the portfolio each) and they are the focus of this article. The largest five stakes are JD.com (JD), Booking Holdings (BKNG) previously Priceline, Amazon.com (AMZN), Apollo Global (APO), and Despegar (DESP). Together, they add up to ~50% of the entire 13F portfolio.Prior to founding Tiger Global Management in 2001, Chase Coleman was the technology analyst at Tiger Management from 1997 to 2000, making him a bona fide “tiger cub”. To know more about Julian Robertson and his legendary Tiger Management, check out .New Stakes:Alphabet Inc. (GOOG) and Salesforce.com (CRM): These are the two new positions this quarter. GOOG is a small 1.62% stake established at prices between $952 and $1077 and the stock is currently trading at $1105. The very small 0.60% CRM position was purchased at prices between $93 and $109 and it now goes for $116.Stake Disposals:Weibo Inc. (WB) and Armstrong World Industries (AWI): These are very small (less than ~0.60% of the portfolio each) positions disposed this quarter.Stake Decreases:JD.com (JD) & Calls: JD was a ~5M share position first purchased in Q4 2014 at prices between $23.50 and $27. The next two quarters saw the position built up to a huge ~70M share position (~25% of the 13F portfolio at the time) at prices between $24 and $38. Since then, the stake has wavered. Recent activity follow: last quarter saw a ~12% increase at prices between $38 and $48 while this quarter saw a ~17% reduction at prices between $36.75 and $43. The stock is currently at $47.15. It is their largest 13F position at ~13% of the portfolio (~41M shares).Booking Holdings (BKNG) & Calls previously Priceline Group (PCLN): BKNG is a large (top three) ~11% of the portfolio position. The stake was purchased in Q4 2015 at prices between $1237 and $1465. Q3 2016 saw a one-third increase at prices between $1248 and $1473 and that was followed with another similar increase the following quarter at prices between $1424 and $1578. The stock is now at $2034. There was a ~15% trimming in Q1 2017 and that was followed with a ~27% selling this quarter at prices between $1646 and $1943.Note: Booking Holdings has seen a previous roundtrip in the portfolio. A fairly large position first purchased in 2007 was disposed in 2015 realizing huge profits.Amazon.com Inc. (AMZN): AMZN is currently the third-largest 13F stake at ~10% of the portfolio. The position was established in Q2 & Q3 2015 at prices between $370 and $540. Q1 2016 had seen a two-thirds reduction at prices between $482 and $676. The following quarter saw a ~40% increase at prices between $586 and $728 and the stock is now at $1513. Last quarter had seen a ~24% increase at prices between $945 and $1053 while this quarter saw a similar reduction at prices between $957 and $1196.Note: AMZN has seen a previous round-trip in the portfolio. A 1M share stake purchased in 2010 in the low-100s price range was disposed of in Q1 2014 in the high-300s realizing huge gains.Microsoft Corporation (MSFT): MSFT is a large ~6.5% portfolio stake established in Q4 2016 at prices between $57 and $63 and increased by ~400% in Q2 2017 at prices between $65 and $72. The stock is now at $93.77. This quarter saw a ~9% trimming.Alibaba Group Holdings (BABA): BABA is a fairly large 5.18% portfolio stake established in Q3 2016 at prices between $78.50 and $109 and the stock is now at $186. There was a ~16% selling this quarter at prices between $169 and $191.Transdigm Group (TDG): TDG is a ~4% of the portfolio position. It was first purchased in Q4 2016 at prices between $245 and $289. H1 2017 saw the position built up to a large ~9% portfolio stake (4M shares) at prices between $210 and $272. There was a ~20% selling last quarter at prices between $264 and $288 and that was followed with a ~40% reduction this quarter at prices between $256 and $285. The stock currently trades at $288.Note: Tiger Global has a 3.7% ownership interest in Transdigm Group. TDG has seen a previous round-trip in the portfolio: a long-term position significantly increased in H2 2013 was disposed in Q1 2016 realizing long-term gains.Fiat Chrysler (FCAU): FCAU is a ~3% of the portfolio position purchased in Q4 2016 at prices between $6 and $9. There was a one-third reduction in Q1 2017 at prices between $9.50 and $11.50 and that was followed with a ~40% selling in Q2 2017 at prices between $9.70 and $11.65. The stock is now at $21.19. Last quarter saw a ~18% stake increase while this quarter saw a ~11% trimming.Domino’s Pizza (DPZ): DPZ is a ~3% portfolio stake established in Q4 2016 with the bulk purchased in the following quarter at prices between $151 and $172. Q2 2017 saw a ~30% selling at prices between $174 and $219. The stock is now at $222. Last quarter saw a ~16% increase while this quarter there was a ~11% trimming.Note: Tiger Global has a 4.7% ownership stake in Domino’s Pizza.Netflix Inc. (NFLX): NFLX is a frequently traded stock in Tiger Global’s portfolio. It has seen multiple roundtrips since 2011. The bulk of the current 2.66% position was purchased last quarter at prices between $146 and $189. There was ~43% reduction this quarter at prices between $177 and $203. The stock currently trades at $291.FleetCor Technologies (FLT): FLT is a ~2% of the portfolio stake first purchased in Q4 2012 at prices between $45 and $53. The position has wavered. Recent activity follow: Q4 2016 saw a ~22% increase at prices between $141 and $175 while the following quarter saw a ~50% reduction at prices between $140 and $170. There was an almost two-thirds increase in Q2 2017 at prices between $131 and $151 and that was followed with a ~23% increase last quarter at prices between $139 and $155. This quarter saw a ~50% reduction at prices between $155 and $193. The stock is now at ~$200.Charter Communications (CHTR): CHTR is now a minutely small 0.36% portfolio position. It was first purchased in Q3 2012 at a cost-basis of ~$75 per share. The stake has seen frequent trading. Recent activity follow: roughly thirteen-times increase at prices between $175 and $193 in the three quarters thru Q2 2016. There was a ~50% reduction in H2 2016 at prices between $232 and $292. Q1 2017 saw a further one-third selling at prices between $286 and $333 and that was followed with a similar reduction in the following quarter at prices between $313 and $353. The remaining position was almost sold out this quarter at prices between $316 and $371. The stock is now at $342. Tiger Global realized huge long-term gains.Comcast Corporation (CMCSA), Restaurant Brands International (QSR), MasterCard Inc. (MA), Visa Inc. (V), Etsy Inc. (ETSY), and Teladoc Inc. (TDOC): These small positions (less than ~1.5% of the portfolio each) were reduced this quarter.Note: Tiger Global retains a 3.4% ownership stake in Etsy Inc. after a ~45% reduction this quarter.Stake Increases:Apollo Global Management (APO): APO is a large (top five) ~9% portfolio position first purchased in Q1 2017 at prices between $19.50 and $24.50 and increased by ~40% the following quarter at prices between $24 and $28.50. Last two quarters have also seen minor increases. The stock is now at $32.80.Note: Tiger Global has a ~18% ownership stake in Apollo Global Management.Facebook Inc. (FB): The current 3.38% FB stake was established in Q4 2016 at prices between $115 and $132. Last quarter saw a ~250% stake increase at prices between $148 and $174 and that was followed with a one-third increase this quarter at prices between $168 and $183. The stock currently goes for $178.Note: Facebook has seen a previous roundtrip in the portfolio. A pre-IPO investment of ~54M shares was sold out by Q4 2012. The trade generated over $1B in profits.TAL Education (TAL) and New Oriental Education (EDU): These two positions were established in Q4 2016 and increased substantially since. The 2.36% TAL stake was purchased at prices between $11.25 and $13.75 and increased by ~40% the following quarter at prices between $11.50 and $18. The stock is now at $37.76. This quarter also saw a minor increase. EDU is a 2.13% portfolio position purchased at prices between $42 and $52 and increased by ~55% the following quarter at prices between $42 and $60. The stock is now at $91.39. There was a ~28% increase this quarter at prices between $81.50 and $94.Note: TAL Education has seen a previous roundtrip in the portfolio. Tiger Global had a majority ownership stake in TAL Education prior to its IPO. The position was disposed by Q1 2014.Autodesk Inc. (ADSK) and ServiceNow Inc. (NOW): ADSK is a small 1.79% portfolio stake purchased last quarter at prices between $99 and $117 and increased by ~75% this quarter at prices between $104 and $130. The stock currently trades at $117. The very small 0.82% NOW position saw a ~55% increase this quarter at prices between $114 and $131. It currently goes for $161.Kept Steady:Despegar.com (DESP): DESP is a large (top five) position at 6.55% of the portfolio. It came about as a result of the Argentine airline booking business’s IPO in September 2017. Tiger Global had a majority ownership interest in the business prior to the IPO. The stock started trading at ~$32 and currently goes for $28.40.Note: Tiger Global’s ownership stake in the business is ~44%.Redfin Corp (RDFN): RDFN is a small 1.90% portfolio stake that came about as a result of the online real-estate firm’s IPO last August. Tiger Global’s stake in the business goes back to 2013. At the time, the funding round they participated in occurred at a valuation of ~$500M compared to the current market valuation of ~$1.7B. The stock started trading at ~$20 and is currently at $20.59.Note: Tiger Global’s ownership stake in the business is 9.4%.EHI Car Services (EHIC) and Netshoes Cayman (NETS): These two very small (less than ~1% of the portfolio each) positions were kept steady this quarter.Note 1: Regulatory filings earlier this week show them having agreed to sell the EHI Car Services position at $12 per share to a consortium involved in the going-private initiative announced last December. In January, the position saw a one-third reduction at ~$11.75 per share. The original EHIC position goes back to 2015 when they had an almost one-third ownership stake in the business.Note 2: Tiger Global has a 27.5% ownership stake in Netshoes Cayman, a Latin American online retailer. The stake is from 2014 when they participated in funding rounds.Note 3: The 13F portfolio also include the following minutely small (less than 0.5% of the portfolio each) positions: Atlassian Corp plc (TEAM), Cloudera Inc. (CLDR), Ctrip.com (CTRP), Farmland Partners (FPI), FireEye Inc. (FEYE), Fitbit Inc. (FIT), LendingClub Corp (LC), Mongodb Inc. (MDB), Okta Inc. (OKTA), J C Penney (JCP), Pure Storage (PSTG), Qudian Inc. (QD), Rise Ed Cayman (REDU), Shopify Inc. (SHOP), Sina Corp (SINA), Sogou Inc. (SOGO), Switch Inc. (SWCH), and ZTO Express Cayman (ZTO).Below is a spreadsheet that shows the changes to Chase Coleman's Tiger Global Holdings 13F portfolio holdings as of Q4 2017:Regulatory Filings thru 11/25/2017: Form 4 – 11/16, 9/11 – APO - ~170K acquired at ~$29.15, ~250K acquired at ~$28.5  – 34.22M shares. 13G – 10/15 – ROKU – 1.5M shares – 9.6% of business."