Tiger Global is on track for its worst this year after a 44% drop. It was its top 10 holdings at the start of the year.

• Tiger Global Management has lost $ 16 billion in client assets so far this year, according to a Bloomberg report.
• It represents the hedge fund’s worst year, with its core fund falling 44% year-to-date.
• These are the top 10 holdings of Tiger Global that have contributed to its massive losses.

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Hedge fund giant Tiger Global Management has taken it to the bottom so far in 2022, with its core strategy down 44% in the first four months of the year, according to a Bloomberg report.

Tiger Global’s long-term fund experienced an even worse decline, falling 25% in April alone for a year-to-date loss of 52%, according to Bloomberg. The large decline led to a $ 16 billion reduction in assets under management. The hedge fund managed $ 46 billion at the start of the year, according to data from Whale Wisdom.

In an investor letter seen by Bloomberg, Tiger Global told clients that “Groceries is not cooperative because of the macroeconomic backdrop, but we do not believe in reasons and therefore will not offer anything. ”That macroeconomic backdrop included rising inflation and higher interest rates, which led to a year-to-date sell-off of approximately 20% for the Nasdaq 100.

All-in, the disastrous performance means the hedge fund is on track for its worst year since it was founded in 2001. Prior to this year’s decline, Tiger Global had a strong reputation for delivering consistent outperformance related to the S&P 500 while notching just two downward years since its formation, according to Bloomberg.

These are Tiger Global’s top 10 holdings at the start of 2022 that are likely to have contributed to the hedge fund’s big decline so far this year, according to data from Whale Wisdom. The data is from Dec. 31, 2021, and there’s no saying whether Tiger Global will sell these positions until they file their next 13F later this month.

10. Service Today

Ticker: NOW
Market Value: $ 1.4 billion
Tiger Portfolio Share: 3.11%
YTD decline: -23.8%

9. CrowdStrike

Ticker: CRWD
Market Value: $ 1.5 billion
Tiger Portfolio Shares: 3.35%
YTD decrease: -2.4%

8. Carvana

Ticker: CVNA
Market Value: $ 1.7 billion
Tiger Portfolio Share: 3.66%
YTD decrease: -74.5%

7. Meta Platforms

Ticker: FB
Market Value: $ 1.7 billion
Tiger Portfolio Share: 3.69%
YTD decline: -34.2%

6. DoorDash

Ticker: DASH
Market Value: $ 1.7 billion
Tiger Portfolio Share: 3.76%
YTD decrease: -46.0%

5. Snowflake

Ticker: SNOW
Market Value: $ 2.0 billion
Tiger Portfolio Share: 4.43%
YTD decrease: -45.6%

4. The Holdings

Ticker: NOW
Market Value: $ 2.5 billion
Tiger Portfolio Share: 5.42%
YTD decrease: -40.7%

3. Limited to Sea

Ticker: SE
Market Value: $ 2.5 billion
Tiger Portfolio Share: 5.53%
YTD decrease: -60.0%

2. Microsoft

Ticker: MSFT
Market Value: $ 2.8 billion
Tiger Portfolio Share: 6.19%
YTD decrease: -14.5%

1. JD.com

Ticker: JD
Market Value: $ 3.8 billion
Tiger Portfolio Share: 8.17%
YTD decrease: -10.3%

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