Top 5 Stock Picks of Chase Coleman’s Tiger Global Management

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1. JD.com, Inc. (NASDAQ:JD)

Tiger Global Management’s Stake Value: $3,764,803,000

Percentage of Tiger Global Management’s 13F Portfolio: 8.19%

Number of Hedge Fund Holders: 67

JD.com, Inc. (NASDAQ:JD) is a Chinese e-commerce company that is the largest holding in Chase Coleman’s Q4 portfolio. JD.com, Inc. (NASDAQ:JD) has featured on Tiger Global Management’s 13F portfolio since Q4 2014, and in the fourth quarter of 2021, the hedge fund owned 53.7 million shares of the company, worth $3.76 billion. The stock accounts for 8.19% of the fund’s total securities. 

Stifel analyst Scott Devitt lowered the price target on JD.com, Inc. (NASDAQ:JD) on January 26 to $95 from $110 and kept a Buy rating on the shares. He has lowered his calendar Q4 total revenue growth forecast to 21.6% from 26.2% year-over-year previously and said he does not expect significant growth acceleration in the first quarter of 2022 as macroeconomic uncertainty remains.

In Q4 2021, 67 hedge funds were bullish on JD.com, Inc. (NASDAQ:JD), with combined stakes amounting to $8.75 billion. Daniel Sundheim’s D1 Capital Partners owned a prominent stake in JD.com, Inc. (NASDAQ:JD), with 12.6 million shares worth $888.6 million.

Here is what Argosy Investors has to say about JD.com, Inc. (NASDAQ:JD) in its Q3 2021 investor letter:

“We sold JD as a result of the furor over Chinese stocks during the quarter. We had been concerned about China’s lack of respect for investor rights for some time, and Beijing has become significantly more aggressive in asserting itself of late. In addition, the legal structure Chinese companies use to come public in the U.S., a Cayman Islands shell corporation leaves American investors with an unsure path to recovering value should these companies cease to trade on U.S. exchanges. Because of the uncertainty, we exited our position in JD completely. We still love JD’s long-term prospects, but we cannot estimate the legal/regulatory risk associated with these companies anymore. More broadly, we are freeing up cash for some other positions we already own which have declined in this market, and after additional review, remain attractive.”

You can also take a look at 15 Worst Stock Picks of Cathie Wood and Billionaire Michael Hintze Portfolio: Top 10 Stock Picks.

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