Tiger Global Management is making a significant restructuring of its portfolio, with a move to lower its exposure in some of the largest technology firms and to increase in SpaceX and Advanced Micro Devices. The moves, which came in the investment firm’s latest regulatory filings, provide some insight into how one of the most closely watched technology-focused investors is positioning itself amid the evolving opportunities in the artificial intelligence, semiconductor and private technology companies sectors.
In the second quarter of 2026, Tiger Global trimmed down its staked holdings in some of the big technology companies, including Alphabet, Nvidia, Microsoft, Amazon and Meta Platforms. The investment firm also fully sold its shares in Netflix and heavily sold its holdings of Broadcom and Taiwan Semiconductor Manufacturing Company. Meanwhile, it cut its stake in Intel and made fresh investments in AMD and SpaceX.
The changes have been disclosed in quarterly 13-F filings made with the U.S. Securities and Exchange Commission. These filings give investors a “snapshot” at the end of a quarter of some of the U.S.-listed securities that institutional investment managers hold. They can be helpful in understanding general movements in the portfolio but are not adequate to understand an investment firm’s strategy given they do not report short positions or some other investments or trades after the reporting date.
The biggest of the changes was at Alphabet, the parent company of Google. Tiger Global sold off a little more than 45.4% of its Alphabet stake, leaving it with roughly 5.81 million shares as of the end of June. The drop is noteworthy because Alphabet is one of the biggest firms in the world in the tech industry, and it has major segments in online search, advertising, cloud storage and artificial intelligence.
Tiger Global also reduced its stake in Nvidia by some 6.8%, reducing its stake to about 11.20 million shares. The dominance of Nvidia in the high-performance computing hardware arena, essential for the training and operation of advanced AI systems, has helped the company become a key figure in this booming market. While a lower exposure is not necessarily a bad sign of sentiment, it does signify that Tiger Global was willing to commit or re-commit some portion of the funds invested in the quarter.
Another significant holding that was cut was a share in Microsoft. Tiger Global reduced its holding by around 9.3% to around 2.27 million shares. The move comes after Microsoft has been quite active in artificial intelligence, especially its cloud business, and strategic technology partnerships, and is of particular interest in a portfolio that has historically been quite diversified on the technology side.
The company also trimmed its stake in Amazon by nearly 3.2%, which brings the total number of shares to approximately 9.68 million. Overall, it lost about 8.5% of its place in Meta Platforms, leaving about 2.82 million shares in the company. The cuts in total suggest a general trend of lower exposure in the technology sector by multiple major companies, not a single significant portfolio change.
Netflix was treated differently. Tiger Global has completely divested itself of its 2.44 million-share stake in the streaming company. At the end of the last quarter, the value of the holding was about $234.5 million. If a company files an exit from a whole position, it’s typically a bigger portfolio decision than if they were just cutting back on a holding, but it’s not clear from the regulatory filing why that was the case.
The investment firm also significantly cut the exposure it had to semiconductor firms in some areas and raised that exposure in other areas. About 1.75 million shares remain following the Broadcom holding being reduced by around 51%. Broadcom’s semiconductor division and infrastructure software businesses, such as those related to artificial intelligence infrastructure and data center solutions, have increasingly been crucial to the tech industry.
Tiger Global also sold about 12.3%, or 4.88 million American depositary shares, of its stake in Taiwan Semiconductor Manufacturing Company. TSMC is a key player in the semiconductor supply chain, producing cutting-edge chips for some of the largest tech giants in the world. Lessening the holdings here and increasing the allocations to other chip makers indicate that Tiger Global might be shifting its position in semiconductors, not pulling out of it altogether.
Intel, meanwhile, saw a significant increase in Tiger Global’s portfolio. The investment company more than doubled its stake of the company, from around 1.64 million shares to 4.25 million shares. As Intel shifts its business focus toward a new strategy for robust manufacturing and enabling a more competitive position in the fast-evolving semiconductor industry, the company announced today that it will halt the sale of its 100,000-pound production-run of Intel® Core™ i5 processors for desktops, servers, and other systems. The bigger job was one of the most obvious instances of Tiger Global investing in a firm that is making a potentially significant turnaround.
The company also created a new job at Advanced Micro Devices. As of June 30, Tiger Global had about 674,727 shares of AMD, worth about $392 million based on the quarter-end numbers. AMD has emerged as a leading competitor in the processors and Data Centre processing space, and has demonstrated its value as demand for infrastructure to support artificial intelligence grows.
One of the most impressive ventures in which new investors had the opportunity to participate was SpaceX. Tiger Global had a stake of 375,000 shares, worth around $64.1 million at the end of June, in the space company, which is privately held. Through its rocket business and satellite communications, as well as its plans for space exploration, SpaceX has become one of the world’s most prominent private tech firms. The increasing commercial value has also helped make its shares the target of institutional investors looking to gain exposure to private technology companies.
