In this article, we discuss the top 10 stock picks of Julian Robertson’s Tiger Management. If you want to skip our detailed analysis of Robertson’s history, investment philosophy, and hedge fund performance, go directly to the 5 Stock Picks of Julian Robertson’s Tiger Management.
Julian Robertson is considered a trailblazer of the hedge fund industry as the founder of Tiger Management. Having established the investment firm in 1980 with $8 million in start-up capital, Robertson turned this amount into $22 million by 1988. One of the most successful hedge funds in the world, Tiger Management boasts an outstanding hedge fund record, returning 31.7% annually and beating S&P 500’s 12.7% annual return between the period of 1980 and 1998. Although it closed to outside investors in 2000, the fund still continues to operate through investments in public equity.
Julian Robertson is famous for employing a long-short strategy that focuses on investments in some of the best performing, and some of the worst-performing companies in the world, in order to profit from the gap that exists between them. Robertson himself said, “mandate is to find the 200 best companies in the world and invest in them, and find the 200 worst companies in the world and go short on them.” He remained active in the hedge fund industry even after closing Tiger Management, providing financial help and mentorship to aspiring and future hedge fund managers.
As of the fourth quarter of 2021, Tiger Management supervises over $509.5 million in its investment portfolio, with the technology sector occupying most of the fund’s portfolio value. According to Tiger Management’s Q4 13F portfolio, some of the top stocks in the fund’s portfolio include Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:FB), and Micron Technology (NASDAQ:MU), among others discussed in more detail below.
Our Methodology
The following list consists of some of the top stocks present in the portfolio of Tiger Management at the end of the fourth quarter of 2021.
10 Stock Picks of Julian Robertson’s Tiger Management
10. Ooma, Inc. (NYSE:OOMA)
Tiger Management’s Stake Value: $15.1 million
Percentage of Tiger Management’s 13F Portfolio: 2.97%
Number of Hedge Fund Holders: 15
Ooma, Inc. (NYSE:OOMA) is a Sunnyvale, California-based telecommunications company that offers over-the-phone, landline quality calling, and high-speed internet connection. Ooma creates new communication experiences for small businesses and consumers. Its SaaS platform acts as a communication hub, offering cloud-based telephony, home security, and other connected services.
According to the 13F filings for the fourth quarter, Tiger Management holds 740,854 shares of Ooma, Inc. (NYSE:OOMA), valued at $15.1 million. These shares represent 2.97% of the fund’s overall portfolio.
Douglas Granat’s Trigran Investments is the biggest Ooma, Inc. (NYSE:OOMA) stakeholder as of the fourth quarter of 2021, with over 1.7 million shares worth $36.7 million. Overall, 15 hedge funds were bullish on Ooma, Inc. (NYSE:OOMA) as of Q4, with total stakes amounting to almost $147.9 million.
9. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)
Tiger Management’s Stake Value: $17.8 million
Percentage of Tiger Management’s 13F Portfolio: 3.49%
Number of Hedge Fund Holders: 16
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS), also known as Volaris, is a Mexico-based airline passenger transportation company that operates as an ultra-low-cost airline carrier serving Mexico, the United States, Central and South America.
Despite a strong year, the shares remain attractively priced considering the company’s prospects. According to Buzz Franchise Brands’ CEO, Kevin Wilson, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) is poised for years of top-line double-digit growth. He sees VLRS’ revenue to increase more than 25% compared to 2019 and expects VLRS’ 2022 revenue to increase at least 25% compared to 2021.
In the fourth quarter of 2021, Tiger Management owned 990,161 shares in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) worth $17.8 million. These shares represented 3.49% of the investment portfolio of the hedge fund. Overall, 16 out of the 924 funds tracked by Insider Monkey held stakes in the company, compared to 13 funds a quarter earlier.
Among the hedge funds being tracked by Insider Monkey, Michael Moriarty’s Teewinot Capital Advisers is the leading shareholder in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS), with over 6.12 million shares worth more than $110.1 million.
8. Flywire Corporation (NASDAQ:FLYW)
Tiger Management’s Stake Value: $24.3 million
Percentage of Tiger Management’s 13F Portfolio: 4.76%
Number of Hedge Fund Holders: 15
Flywire Corporation (NASDAQ:FLYW) is a Massachusetts-based global payments-enablement and software company known for facilitating global payment processing for international students.
In its portfolio for the fourth quarter of 2021, Tiger Management holds over 637,246 shares of Flywire Corporation (NASDAQ:FLYW), worth $24.3 million, representing 4.76% of the fund’s value. Of the 924 elite funds tracked by Insider Monkey, 15 were long Flywire Corporation (NASDAQ:FLYW) at the end of December, up from 8 in the previous quarter.
Among the hedge funds being tracked by Insider Monkey, Alex Sacerdote of Whale Rock Capital Management is a leading shareholder in Flywire Corporation (NASDAQ:FLYW) with 3.03 million shares worth more than $115.3 million.
7. QUALCOMM Incorporated (NASDAQ:QCOM)
Tiger Management’s Stake Value: $29.9 million
Percentage of Tiger Management’s 13F Portfolio: 5.86%
Number of Hedge Fund Holders: 75
QUALCOMM Incorporated (NASDAQ:QCOM) is a California-based multinational corporation that creates semiconductors, software and peripherals, alongside providing services related to wireless technology.
In its portfolio for the fourth quarter of 2021, Tiger Management holds 163,500 shares of QUALCOMM Incorporated (NASDAQ:QCOM), worth $29.9 million, representing 5.86% of the fund’s value. Of the 924 elite funds tracked by Insider Monkey, 75 were long QUALCOMM Incorporated (NASDAQ:QCOMM) at the end of September, up from 70 in the previous quarter.
Among the hedge funds being tracked by Insider Monkey, Panayotis Takis Sparaggis’ Alkeon Capital Management is a leading shareholder in QUALCOMM Incorporated (NASDAQ:QCOM) with 5.3 million shares worth more than $970.1 million.
Similar to Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:FB) and Micron Technology (NASDAQ:MU), QUALCOMM Incorporated (NASDAQ:QCOM) is a notable stock to invest in.
In its Q1 2021 investor letter, Alger, an asset management firm, highlighted a few stocks and QUALCOMM Incorporated (NASDAQ:QCOM) was one of them. Here is what the fund said:
“Long position Qualcomm Inc. were among the top detractors from performance. QUALCOMM Incorporated (NASDAQ:QCOM) is a leading semiconductor company with strong positions in telecommunications end markets that position the company as a primary beneficiary of the innovative 5G network standard roll out. Qualcomm is acknowledged as having the best technology specs for 5G chip sets as evidenced by signing up all 75 major OEMs including Apple. Additionally, beyond handsets, QUALCOMM Incorporated (NASDAQ:QCOM) has meaningful growth drivers, including the Internet of Things, automobiles, industrials and gaming that provide the company with potential for generating increased earnings.
While Qualcomm was a notable positive contributor to the portfolio’s absolute and relative returns in 2020, during the first quarter, the share price declined and the position detracted from performance. Market demand for chips has been strong; however, QUALCOMM Incorporated (NASDAQ:QCOM) hasn’t been able to fully exploit the demand as it is capacity constrained. Expectations were high for QUALCOMM Incorporated (NASDAQ:QCOM) and while the quarter generally exceeded consensus estimates and forward estimates did rise, the street was anticipating a stronger positive surprise. We believe the production capacity constraints should abate in the second half of this year.”
6. Adaptive Biotechnologies Corporation (NASDAQ:ADPT)
Tiger Management’s Stake Value: $31.3 million
Percentage of Tiger Management’s 13F Portfolio: 6.14%
Number of Hedge Fund Holders: 22
Adaptive Biotechnologies Corporation (NASDAQ:ADPT) is a commercial-stage biotechnology company that focuses on translating the genetic language of the adaptive immune system into clinical immune-driven products to diagnose and treat diseases.
As of Q4 2021, Tiger Management holds over 1,115,411 shares of Adaptive Biotechnologies Corporation (NASDAQ:ADPT), amounting to more than $31.3 million in worth and representing 6.14% of the investment firm’s portfolio.
Of the 924 elite funds tracked by Insider Monkey, 22 were long Adaptive Biotechnologies Corporation (NASDAQ:ADPT) at the end of December, down from 25 in the second quarter of 2021. Andreas Halvorsen of Viking Global is the leading stakeholder of the company.
Much like Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:FB) and Micron Technology (NASDAQ:MU), Adaptive Biotechnologies Corporation (NASDAQ:ADPT) is one of the top stocks in Tiger Management’s portfolio.
Click to continue reading and see Top 5 Stock Picks of Julian Robertson’s Tiger Management.
Suggested Articles:
- 11 Biotech Stocks Popular On Reddit
- 10 Best Stocks to Buy According to Michael Burry
- 15 Best Penny Stocks to Buy Now
Disclosure. None. Top 10 Stock Picks of Julian Robertson’s Tiger Management is originally published on Insider Monkey.
