Tiger Global Management, LLC 13F holdings and portfolio analysis
Melden Sie sich an, um einen neuen Zweig aus dem ausgewählten Plan zu klonen und dann im neuen Zweig weiter zu optimieren.
Baseline
Analyse-NachrichtenVorbereitete Q&A zu diesem Fonds. Als Referenzkontext für Ihre eigene Analyse verwenden.
Directly following the baseline means accepting a concentrated growth-heavy portfolio with real 13F lag risk. The baseline top 5 hold 43.68%, top 10 hold 65.27%, and top 20 hold 87.75%, led by GOOGL at 11.81%, MSFT at 9.4%, AMZN at 8.2%, NVDA at 7.29%, and SE at 6.98%. Sector exposure is concentrated in Information Technology at 31.06%, Communication Services at 31.03%, and Consumer Discretionary at 20.68%. The payoff has been strong at 18.63% annualized return and 7.27 alpha, but investors also take on a -33.94% max drawdown, 650 trades, and disclosure-lag implementation risk.
The recent baseline periods that best show the trade-off are the strong excess-return quarters and the weaker quality-of-return quarters. In 2023-09-30 the baseline returned 18.31% versus 10.11% for SPY, an 8.21-point excess return, with turnover of 17.8 and 22 trades. In 2024-06-30 it returned 13.24% versus 9.83%, a 3.41-point excess return, with 19.88 turnover and 23 trades. But weaker periods show the cost of the strategy's cyclicality: 2023-12-31 returned only 1.27% versus 4.96% for SPY (-3.69 excess), and 2025-06-30 returned 1.16% versus 4.2% (-3.04 excess). These swings help explain why the portfolio still produced high alpha overall but also endured a deep -33.94% max drawdown.
Before accepting the baseline, a user should inspect three things: concentration, implementation drag, and recent changes. Concentration is high with 65.27% in the top 10 and 87.75% in the top 20. Implementation drag is not trivial because the backtest reports 650 trades and totalEstimatedCost of 2.727, and turnover reached 49.18 in 2023-06-30 and 23.98 in 2025-09-30. Recent holdings changes also matter because the latest disclosed positions are unchanged in the artifact view, meaning the baseline result reflects the disclosed portfolio as-is rather than an optimization layer. That makes the user decision mostly about whether the original sector and top-name concentration is acceptable after reporting lag.