Chase Coleman’s $29.7B Tiger Global Trims AI Mega-Caps and Adds Fintech IPOs

Tiger Global Management LLC, the public-and-private crossover fund founded by Tiger Cub and former Julian Robertson protege Chase Coleman, disclosed a $29.71 billion equity portfolio in its February 13F filing, built around one trade: trim the AI mega-cap top five and redeploy into fintech IPOs.

On February 17, 2026, Tiger Global Management LLC filed its quarterly 13F-HR (the SEC form U.S. institutional managers use to disclose their stock holdings 45 days after each quarter end) reporting $29.71 billion in equity positions across 53 issuers as of December 31, 2025. The fund, founded in 2001 by Chase Coleman, the original Tiger Cub trained under Julian Robertson, runs a public-equity book alongside a separate venture business that has seeded most of Coleman’s later-stage IPO bets. The portfolio reads like a quiet rotation.

Tiger Global has run both a public-equity hedge book and a separate venture business since 2001. The venture side has seeded private rounds in Facebook, LinkedIn, Spotify, Snowflake, and Stripe, and the public-stage stakes have rolled into this same 13F book after each company went public. Q4 2025 shows the playbook running both directions at once: thin the AI mega-cap public positions after a long run, and redeploy capital into newly-public IPO names the venture side seeded before they priced.

From $32.4B to $29.7B as Tiger Trims the Top Five

The disclosed book contracted from $32.36 billion at end-September 2025 to $29.71 billion at end-December 2025, an 8 percent reduction in dollar terms. Every name that anchored the Q3 top five was trimmed by share count in Q4. Microsoft was cut by 1.07 million shares, a 16 percent reduction, taking the position from $3.39 billion to $2.65 billion. Sea Ltd was cut by a smaller 4 percent of shares, but the Singapore-based platform’s stock pulled back into year-end and the holding fell from $2.87 billion to $1.97 billion. Amazon was trimmed 9 percent. Nvidia was trimmed 6 percent. Alphabet held flat at 10.63 million Class A shares, with the holding climbing to $3.33 billion as the search-and-cloud parent rallied through Q4.

The Top 5 Positions and the Thesis Behind Them

Five positions account for roughly 41 percent of the portfolio. Alphabet is the largest at $3.33 billion in Class A shares, the holding company that owns Google Search, YouTube, Google Cloud, and the Waymo robotaxi business. Coleman left the share count untouched at 10.63 million for the full quarter. Microsoft is second at $2.65 billion, trimmed by 1.07 million shares. Microsoft is the platform layer (Azure cloud, the OpenAI partnership, GitHub, the Office productivity suite) sitting above the AI infrastructure boom Tiger Global has been long for two years. Amazon is third at $2.31 billion, trimmed by 1.03 million shares. Tiger Global owns the Amazon Web Services exposure inside Amazon, the same hyperscaler business other 13Fs underwrite by buying CoreWeave and Bloom Energy. Nvidia is fourth at $2.05 billion, trimmed by 698,000 shares. Nvidia designs the GPUs (the specialized chips AI training runs on) that hyperscalers like Microsoft and Amazon are buying in tens of billions of dollars per quarter. Sea Ltd is fifth at $1.97 billion, the Southeast Asian platform that operates Shopee e-commerce, Garena gaming, and SeaMoney digital payments across Indonesia, Thailand, and Vietnam.

Why This 13F Matters Right Now

The Q4 2025 13F is the most recent public snapshot of Coleman’s book until the Q1 2026 disclosure due by mid-May, which puts the article in a roughly two-week window where this filing is still the operational source of truth on Tiger Global’s portfolio. The rotation pattern itself is the substance: every top-five position trimmed by share count, paired with $206 million of newly-public Wealthfront stock, a 66 percent expansion in Coupang, a 44 percent build in Block, and a brand-new 1.81 million share stake in Hinge Health. That paired pattern of mega-cap trim plus newly-public IPO build does not appear in any of Tiger Global’s prior four 13F-HR filings at the same scale.

What to Watch

The May 15 deadline: The next 13F covering the quarter ending March 31, 2026 is due by mid-May. Track whether Coleman finished trimming the AI mega-caps to a smaller weight, kept the Wealthfront stake at $200 million-plus, and added any further newly-public IPO names like Klarna or Figma to meaningful sizes.

The IPO bench: Tiger Global runs a separate venture business whose later-stage private investments often graduate to the public 13F book. Klarna, Figma, Circle Internet, Bullish, and Gemini Space Station are all listed at trivial sub-$10 million sizes today. Any of them could become a top-twenty position in a single quarter if Tiger sizes up.

The crossover framework: Tiger’s 13F is one of two anchor surfaces (the SEC 13F and the LP letter) where Coleman’s public-equity discipline becomes visible. Watch how the public book interacts with the rumored 2026 venture fund, the firm’s first since the 2022 drawdown.