Tiger Global Cuts Alphabet by 45.4%, Nvidia by 6.8%, Exits Netflix in Q2; Adds AMD, SpaceX, Intel
Tiger Global Management sharply reduced its U. S. stock holdings in the second quarter of 2026, cutting positions in major tech and AI stocks while shifting capital to second-tier AI chipmakers, storage, and payments. The hedge fund exited Netflix and cut Alphabet by 45.4% and Nvidia by 6.8%, while initiating new stakes in AMD, SpaceX, Cerebras, Seagate, and Visa, and more than doubling its Intel position. Total portfolio value stood at about $23.98 billion across 46 stocks as of June 30.
In the second quarter of 2026, Wall Street hedge fund Tiger Global Management made significant adjustments to its U. S. stock portfolio. According to a 13F filing submitted to the U. Securities and Exchange Commission on August 14, the fund held approximately $23.98 billion in total stock market value across 46 individual stocks as of June 30, eight fewer than the previous quarter. The fund mainly reduced positions in large-cap technology and popular AI stocks while shifting capital toward second-tier AI chip makers, storage chips, and payments.
On the buying side, the two largest new positions for Tiger Global in the second quarter were AI chip maker Cerebras, with a market value of about $660 million, and AMD, at roughly $392 million. The fund also initiated new stakes in storage company Seagate Technology (about $275 million) and payment giant Visa (about $274 million), and added more than 2.6 million shares of Intel, valued at roughly $365 million. Additionally, the fund took a new position in SpaceX. Other holdings that were increased included Intuit, Corpay, Reddit, and MercadoLibre.
On the selling side, Tiger Global reduced all of its top 10 holdings. The largest reduction by value was in Alphabet, Google's parent company, which had a market value of $1.72 billion. Broadcom was cut by $690 million. The fund exited AppLovin, valued at $418 million, reduced its Taiwan Semiconductor stake by $327 million, and cut Zillow by $320 million. Tiger Global also sold down Spotify and fully exited Netflix, Zscaler, and Procore. The Netflix exit involved 2.44 million shares worth approximately $234.5 million.
Specific portfolio changes as of June 30 showed that Tiger Global reduced its Alphabet stake by 45.4% from the end of March, to 5.81 million shares; cut Nvidia by 6.8%, to 11.2 million shares; lowered Microsoft by 9.3%, to 2.27 million shares; reduced Amazon by 3.2%, to 9.68 million shares; cut Meta Platforms by 8.5%, to 2.82 million shares; trimmed Broadcom by roughly 51%, to 1.75 million shares; and decreased its Taiwan Semiconductor ADR position by 12.3%, to 4.88 million shares. The Intel stake more than doubled.
The top 10 holdings at the end of the period included Taiwan Semiconductor, Amazon, Nvidia, Alphabet, Meta, Lam Research, Sea, Applied Materials, GE Vernova, and Microsoft. A shareholder filing by Cerebras in May 2026 showed Tiger Global holding about 3.496 million related shares. The 13F data reflects the fund's U. stock holdings as of June 30, typically disclosed about 45 days after the quarter end, and does not represent current positions.