Although earnings season gets most of the glory, the quarterly Form 13F filing with the Securities and Exchange Commission is an equally important event for investors. A 13F provides investors with a detailed snapshot of what Wall Street’s hottest fund managers bought and sold in the last quarter.
February 17 marked the deadline for institutional investors to file a 13F with at least $100 million in assets under management (AUM), including billionaire Chase Coleman, who oversees nearly $30 billion in AUM at Tiger Global Management. According to Tiger Global’s 13F, the fourth quarter of 2025 marked the first time in 13 quarters (since September 30, 2022) that Meta platforms (NASDAQ: META ) or Microsoft (NASDAQ: MSFT ) Coleman’s No. 1 was not retained.
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Coleman is a big fan of the artificial intelligence (AI) revolution and the “Magnificent Seven.” Most of the 54 stocks captured by Tiger Global are influenced by AI and/or have a clear competitive advantage.
However, billionaire Chase Coleman was a seller of MetaPlatforms and Microsoft shares in the quarter ending December. The Tiger Global owner bought 1,073,621 shares of Microsoft (a 16% decline) and 68,386 shares of Meta (a 2% decline).
Profit-taking may explain why Coleman sent the shares of these seven giants to the chopping block. Although his fund has held shares in both companies since the fourth quarter of 2016, Coleman has held an average of 10.8 quarters (about two years and eight months). Shares of both companies have outperformed the benchmark significantly S&P 500 Since it was added nine years ago.
However, Tiger Global’s biggest investor may also be concerned about the stock market’s historical price. The S&P 500’s Shiller price-to-earnings (P/E) ratio hit its second-highest price level in history, which may explain why Coleman cut many of his fund’s top holdings. If a stock market correction occurs, market leaders may be among the hardest hit.
Although Chase Coleman reduced his fund’s exposure to several top-seven stocks during the fourth quarter, he sold a stake in Google parent the alphabet (NASDAQ: GOOGL )(NASDAQ: GOOG)which is Tiger Global Management’s new No. 1 holding.
