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Tiger Global Buys Yahoo, Sodastream, Sells Qualcomm, News Corp

Tiger Global’s latest 13F filing shows it snapped up millions of shares of Yahoo! Inc. (YHOO) during the third quarter. It also bought shares of Sodastream International Ltd (SODA) and exited QUALCOMM, Inc. (QCOM).

In all, Tiger Global bought seven new stocks and increased its position in nine others. It also exited 14 stocks and cut its holdings in 11 others. As of the end of the September quarter, it looked like Tiger Global’s market value was a little under $6 billion, compared to $5.75 billion at the end of the previous quarter. That’s according to Whale Wisdom’s calculations.

Tiger Global’s new stocks and increased positions

During the three months ending Sept. 30, Tiger Global snapped up almost 16 million shares of 21st Century Fox, making the company its second largest position. It also purchased 8 million shares of Yahoo! Inc. (YHOO), 500,000 shares of SolarCity Corp (SCTY) and 400,000 shares of Sodastream International Ltd (SODA).

The firm increased its position in Priceline.com Inc (PCLN), making the stock its top holding. Tiger Global also added to its positions in Coca-Cola Enterprises Inc (CCE), Motorola Solutions Inc (MSI), Netflix, Inc. (NFLX) and Comcast Corporation (CMCSA).

Tiger Global’s exits and position reductions

The firm exited Coty Inc (COTY), selling 750,000 shares of the stock. Tiger Global also sold all of its more than 15.6 million shares of News Corp (NWSA) (NWS) and all of its 1.4 million shares of QUALCOMM, Inc. (QCOM). The firm sold its 1.33 million shares of Avis Budget Group Inc. (CAR) and its more than 3.2 million shares of Sinclair Broadcast Group, Inc. (SBGI) to exit both companies. Other big exits for the firm include Liberty Media Media Corp (LMCA).

Tiger Global cut its position in Visa Inc (V) and Mastercard Inc (MA), selling 655,000 shares of Visa and 1.4 million shares of MasterCard. It also reduced its position in Amazon.com, Inc. (AMZN) slightly, selling 224,000 shares of it.

-By Michelle Jones

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