Tiger Global’s Q3 2025 13F shows a return to aggressive growth positioning. While many hedge funds have been rotating into defensives, Chase Coleman continues leaning into secular digital winners, cloud infrastructure, and global e-commerce — with several noteworthy additions and high-conviction increases.
Below is a breakdown of the most significant buys and position increases revealed in the filing.
1. Coupang (CPNG): +2,252,000 shares (+16.58%)
Coupang remains Tiger Global’s largest disclosed equity bet, and Coleman continues to push capital into Korea’s dominant e-commerce platform.
Why it matters:
- Increasing scale advantages
- Expanding margin profile
- Strengthening logistics moat
Tiger’s long history with Coupang — dating back to its early private rounds — makes continued accumulation unsurprising. High conviction remains unchanged.
2. Block (SQ): +478,872 shares (+12.14%)
Tiger increased its Block stake by more than 12%, signaling confidence in the company’s turnaround story.
What this indicates:
- Improving Cash App monetization
- Renewed focus on profitability
- Strengthening ecosystem between Square + Cash App
Coleman appears to view SQ as a misunderstood compounder poised for operating leverage.
3. Amazon (AMZN): +357,900 shares (+3.35%)
A modest but meaningful add to a core Tiger position.
Why Amazon remains a favorite:
- AWS reacceleration
- Margin expansion in retail
- Strong AI positioning
Tiger continues to treat Amazon as an anchor position and a long-term compounder.
4. MongoDB (MDB): +341,000 shares (new buy / 100% increase)
One of the most striking moves: a full-size purchase of MongoDB.
Implications:
- Strong secular demand for developer-first databases
- Strategic positioning in the AI data stack
- High-growth SaaS recurring revenue
This is consistent with Tiger’s DNA — identifying scalable software infrastructure leaders early.
5. Corpay (CPAY): +269,500 shares (+17.95%)
Tiger increased its stake in Corpay (formerly Fleetcor) by nearly 18%, betting on:
- Continued growth in payments and corporate spend platforms
- Strong free cash flow conversion
- Expansion into global payments
This is a relatively lower-profile but high-quality fintech compounder.
6. Flutter Entertainment (FLUT): +204,800 shares (+5.93%)
Coleman continues adding to the global online betting giant.
Thesis likely includes:
- U.S. sportsbook market share strength via FanDuel
- High-margin international operations
- Structural growth in regulated online gaming
7. Netflix (NFLX): +201,900 shares (new position)
Coleman initiated a new stake in Netflix this quarter, marking a fresh high-conviction entry into one of the strongest large-cap compounders of the past decade.
Key drivers behind the new position likely include:
-
Paid sharing rollout success, which has accelerated subscriber growth
-
Meaningful margin expansion as revenue scales faster than content spend
-
Rapid adoption of the advertising tier, opening a major new monetization channel
Starting a new position of this size signals clear confidence from Chase Coleman in Netflix’s strengthening fundamentals and its long runway for global growth.
8. Broadcom (AVGO): +186,400 shares (+6.9%)
A solid add as Broadcom continues to dominate:
- AI infrastructure
- Custom silicon
- High-margin software via VMware integration
Coleman is clearly positioning for sustained AI-driven tailwinds.
9. GE Vernova (GEV): +56,800 shares (+5.17%)
A smaller add, but interesting.
Likely rationale:
- Long-term electrification and grid demand
- Renewables backlog and IRA benefits
- Operational improvement under GE’s new structure
Big Picture Themes
1. Re-acceleration in Growth Tech
The largest additions — MongoDB, Coupang, Block, Netflix — signal confidence in a multi-year resurgence of high-growth tech.
2. AI Infrastructure Positioning
Broadcom and Amazon adds show strategic alignment with AI’s infrastructural backbone.
3. Strong Global Focus
Coupang, Flutter, and Sea Limited continue to anchor Tiger’s global approach to digital consumer platforms.
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