According to disclosures from the U.S. Securities and Exchange Commission (SEC), Tiger Global Management filed its second quarter 13F holdings report as of June 30, 2025. Statistical data shows that Tiger Global's total portfolio value in the second quarter reached $34.1 billion, compared to $26.6 billion in the previous quarter, representing a 28.2% quarter-over-quarter increase. During the second quarter, Tiger Global added 7 new stocks to its portfolio and increased positions in 19 stocks. Meanwhile, the fund reduced holdings in 6 stocks and completely exited positions in 2 stocks. Tiger Global's top ten holdings account for 64.76% of its total portfolio value.

Among the top five heavy positions, Meta Platforms, Inc. ranks first with approximately 7.53 million shares held, representing a market value of about $5.56 billion and comprising 16.32% of the investment portfolio, with holdings increasing 0.92% from the previous quarter. Microsoft ranks second with approximately 6.55 million shares held, representing a market value of about $3.26 billion and comprising 9.56% of the investment portfolio, with holdings increasing 4.98% from the previous quarter. Sea ranks third with approximately 16.04 million shares held, representing a market value of about $2.57 billion and comprising 7.53% of the investment portfolio, with no change in holdings from the previous quarter. Amazon.com ranks fourth with approximately 10.685 million shares held, representing a market value of about $2.34 billion and comprising 6.88% of the investment portfolio, with holdings increasing dramatically by 62.19% from the previous quarter. Alphabet ranks fifth with approximately 10.631 million shares held, representing a market value of about $1.87 billion and comprising 5.50% of the investment portfolio, with holdings increasing 3.13% from the previous quarter.

From the perspective of position changes, the top five purchases were: Amazon.com, Reddit, Chime Financial, NVIDIA, and Broadcom. The top five sales were: PDD Holdings, DoorDash, Workday, ServiceNow, and ServiceTitan.

Overall, Tiger Global made significant purchases of major U.S. technology companies in the second quarter, including Meta Platforms, Inc., Microsoft, Amazon.com, Alphabet, and NVIDIA. Additionally, the fund increased positions in other technology stocks such as Taiwan Semiconductor, Broadcom, AppLovin, and Zscaler.

The substantial increase in Amazon.com holdings makes Tiger Global the 25th largest institutional shareholder of Amazon.com. Analysts believe this aggressive move demonstrates Tiger Global's confidence in the future development of Amazon Web Services (AWS) and the advertising division. The acceleration of artificial intelligence technology applications is viewed as a key driver for growth in these sectors. Tiger Global founder Chase Coleman is renowned for strategic investments in technology growth stocks, and changes in the fund's portfolio are closely watched by market participants.

Furthermore, Tiger Global purchased 125,000 shares of Class A stock in stablecoin issuer Circle Internet Corp. during the second quarter of 2025. Circle stock performed strongly when it went public in June, and its market value has since increased nearly fivefold from its initial public offering price.

Just two months after completing one of the most notable public listings in recent years, stablecoin issuer Circle Internet Corp. reported a loss in the second quarter while revenue exceeded expectations. Circle previously announced a net loss of $482 million ($4.48 per share), primarily impacted by significant IPO-related non-cash expenses. The company achieved a net profit of approximately $32 million in the same period last year. Revenue grew 53% to $658 million, surpassing the Bloomberg analyst consensus estimate of $647.3 million. The stablecoin issuer's adjusted EBITDA for the second quarter was $126 million, exceeding the Bloomberg analyst consensus estimate of $121.1 million.