Acquirersmultiple·2025-11-26 22:40Core Insights - Tiger Global's Q3 2025 13F filing indicates a return to aggressive growth positioning, focusing on secular digital winners, cloud infrastructure, and global e-commerce [1] Significant Buys and Position Increases - Coupang (CPNG): Increased by 2,252,000 shares (+16.58%), remaining Tiger Global's largest disclosed equity bet, reflecting a long-standing relationship and high conviction [2] - Block (SQ): Increased by 478,872 shares (+12.14%), signaling confidence in the company's turnaround story and potential for operating leverage [3] - Amazon (AMZN): Increased by 357,900 shares (+3.35%), treated as a core position and long-term compounder [4] - MongoDB (MDB): New buy with 341,000 shares (100% increase), consistent with Tiger's strategy of identifying scalable software infrastructure leaders early [5] - Corpay (CPAY): Increased by 269,500 shares (+17.95%), viewed as a high-quality fintech compounder [6] - Flutter Entertainment (FLUT): Increased by 204,800 shares (+5.93%), continuing to add to the global online betting giant [7] Strategic Themes - Re-acceleration in Growth Tech: Significant additions like MongoDB, Coupang, Block, and Netflix indicate confidence in a multi-year resurgence of high-growth tech [13] - AI Infrastructure Positioning: Additions of Broadcom and Amazon show strategic alignment with AI's infrastructural backbone [14] - Strong Global Focus: Companies like Coupang, Flutter, and Sea Limited anchor Tiger's global approach to digital consumer platforms [15] New Positions - Netflix (NFLX): Initiated a new stake with 201,900 shares, indicating confidence in Netflix's strengthening fundamentals and global growth potential [11] - Broadcom (AVGO): Increased by 186,400 shares (+6.9%), positioning for sustained AI-driven tailwinds [12]