Tiger Global and Matrix Capital are the two best performing “Tiger Cubs” over the last year. In fact, the two hedge funds’ long 13F returns are two of the best in the entire hedge fund universe. That’s based on equal-weighted holdings of each fund’s top 20 positions, rebalanced quarterly.
An equal-weighted portfolio of Chase Coleman’s Tiger Global top twenty holdings, rebalanced quarterly, is up 94.08% over the last year. It’s returned 67.35% YTD. David Goel’s Matrix Capital is only a hair behind, returning 91.91% over the last 12 months and 64.01% YTD. Returns are based on data from WhaleWisdom.com.
Coleman and Goel are two of the “Tiger Cubs” — proteges of legendary hedge fund manager Julian Robertson.
Tiger Global’s stellar performance was highlighted by Sunrun Inc. (RUN). On July 6, Sunrun announced it would merge with Vivint Solar in an all stock transaction valued at $3.2B. SUN hit a low of $7.83 on March 23. The stock closed on Aug. 25 at $50.79. But the rest of Tiger Global’s portfolio has been equally impressive. Sea Ltd ADR (SE) is up 625%. Top holding JD.com (JD) is up 136% over the last year.
Tiger Global and Matrix Capital have been the top performing “Tiger Cubs” in recent months.
Coleman’s top two additions in Q2 2020 were Crowdstrike Holdings (CRWD) and Spotify Technology (SPOT).
No less amazing has been the performance of David Goel’s Matrix Capital in recent months. Waltham, MA.-based Matrix rode big returns from Adaptimmune Therapeutics (ADAP) and DocuSign (DOCU) to stunning gains over the last year. And Matrix’s #1 holding, Netflix (NFLX) has skyrocketed. As of Aug. 26, Matrix’s 2,000,000 shares of NFLX was worth $1.09B. Goel first bought Netflix in Q3 of 2012 at approximately a split adjusted $8. NFLX closed today at $547.22, up 11.53% on the day. Matrix added new stakes in Disney (DIS) and Zentalis (ZNTL) in Q2.
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