A source told CNBC's David Faber earlier this year that the fund was down 50% in total after a 14% loss in May alone. But the fund has not changed its strategy, at least on the long side. A securities filing on Monday showed that Tiger still had a $1.5 billion bet in JD.com and a $1.4 billion invested in Microsoft , as of Sept. 30. Its stake in ServiceNow grew to more than $600 million.
The fund also expanded its position in Chinese recruiting firm Kanzuhn Ltd . by more than 50%. Tiger has nearly $11 billion in long equity positions, according to a CNBC calculation. Tech stocks struggled again during the third quarter, with the iShares U.S. Technology ETF falling 8.2%. But it's unclear exactly when Tiger made the new purchases.
i think wapner just likes the sound of his own voice
Soon your money will be worthless. Then what? The blacks will eat the whites.