Tiger Global bought into RingCentral, Twilio and Carvana during first quarter

Tiger Global Management disclosed in a regulatory filing its holdings as of March 31, 2019. Tiger Global made seven new buys during the quarter, including, in order of size, RingCentral (RNG), Twilio (TWLO), Carvana (CVNA), 8×8, Inc. (EGHT) and MongoDB (MDB). The fund exited five positions during the quarter, including by size of previous position, Autodesk (ADSK), Coupa Software (COUP) and Puxin Limited (NEW). Tiger increased its stake in eight holdings, including by size, Facebook (FB), Netflix (NFLX), Eventbrite (EB), Microsoft (MSFT) and Alibaba Group (BABA). The fund reduced its stake in 16 holdings, including by size, Spotify (SPOT), Booking Holdings (BKNG), Domino’s Pizza (DPZ), Uxin (UXIN) and Adobe (ADBE). Tiger Global’s top holdings as of March 31, in order of size, were JD.com (JD), Microsoft, Facebook, Fiat Chrysler (FCAU) and Amazon.com (AMZN).