Apple Inc. (AAPL), Alibaba, Amazon & More: Tiger Cubs Like These Stocks

Amazon.com, Inc. (NASDAQ:AMZN) remained a hot favorite between the Tiger Cubs, being amongst the five largest holdings of four of these funds during the third quarter. Amazon.com, Inc. (NASDAQ:AMZN) was the top holding of Viking Global, which held 2.9 million shares worth $2.45 billion held at the end of the quarter. It ranked second in Tiger Global Management’s 13F portfolio, with the fund holding 1.34 million shares worth $1.12 billion. Stephen Mandel’s Lone Pine Capital cut its stake by 351,140 shares to 1.29 million shares worth $1.08 billion, while Blue Ridge Capital bought 64,900 shares and reported ownership of 407,900 shares worth $341,539 as of the end of September. In addition, Coatue Management also held 297,090 shares of Amazon.com, Inc. (NASDAQ:AMZN) worth $248 million at the end of September. The stock has cheered investors by returning more than 15% in the last year. Amazon.com, Inc. (NASDAQ:AMZN) was included in 13F portfolios of 150 funds that we track at Insider Monkey at the end of the third quarter, up from 145 at the end of June.

Apple Inc. (NASDAQ:AAPL) found a place in the 13F portfolios of five Tiger Cubs. It represented the second-largest holding and a new position for Coatue Management, which amassed 6.5 million shares worth $735 million at the end of September. Chase Coleman’s Tiger Global Management boosted its stake in Apple Inc. (NASDAQ:AAPL) by 2.22 million to 3.6 million shares worth $407 million, while Lee Ainslie’s Maverick Capital increased its stake by 1.98 million shares to 1.99 million shares valued at $225 million. Andreas Halvorsen’s Viking Global initiated a new position in Apple Inc. (NASDAQ:AAPL) during the third quarter, having acquired 247,264 shares worth $27.95 million. According to our records, 145 funds held shares of Apple worth $16.22 billion at the end of the third quarter, compared to 116 funds holding $10.67 billion worth of stock a quarter earlier.

Alphabet Inc (NASDAQ:GOOG) was a hot favorite among the Tiger Cubs with all of them holding class C shares of the company. It became the sixth largest holding of Coatue Management with the fund buying 58,474 shares during the third quarter and holding 585,709 shares worth $455 million at the end of September. In the equity portfolios of Viking Global and Tiger Global Management, Alphabet Inc (NASDAQ:GOOG) was the seventh largest holding, which contained 1.07 million shares worth $832 million and 283,877 shares worth $220 million, respectively. Maverick Capital and Lone Pine Capital also held 299,535 shares and 843,449 shares in Alphabet Inc (NASDAQ:GOOG), respectively. Analysts are bullish on the stock, which has an average ‘Buy’ rating. The number of hedge funds from our database long Alphabet Inc. (NASDAQ:GOOG)’s class C stock increased by eight to 134 and the total value of their holdings surged by 18.6% to $14.22 billion during the third quarter.

Visa Inc (NYSE:V) was a new addition to Tiger Global Management’s and Viking Global’s portfolio during the third quarter. While Tiger Global bought 599,800 shares worth $49 million, Viking Global held 577,552 shares valued at $47.7 million at the end of September. However Stephen Mandel’s Lone Pine Capital was less bullish on Visa Inc (NYSE:V) with the fund reducing its holding by 67% to 2.33 million shares worth $193 million. Visa Inc (NYSE:V) was also represented in Blue Ridge’s equity portfolio by a holding containing 2.4 million shares worth $198.9 million. Though the number of funds tracked by us long Visa Inc (NYSE:V) inched down to 115 from 118, the value of their holdings advanced by 10% to $10.26 billion between July and September.

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