Tiger Global Reduces Bitauto Stake

Chase Coleman and Feroz Dewan's Tiger Global filed an amended 13G with the SEC regarding its position in Bitauto (BITA).  Per the filing, Tiger Global now owns 9.6% of the company with around 6 million shares.

They've reduced their stake by 479,978 shares since the end of the first quarter.  The filing was made due to activity on March 23rd.

Per Google Finance, Bitauto is "a China-based provider of Internet content and marketing services. The Company also distributes its dealer customers’ automobile pricing and promotional information through approximately 600 Internet service provider partners, including Tencent, Netease and Qihoo 360. It operates in four segments bitauto.com advertising business, which offers automakers and dealers a range of advertising services through its Website, and mobile applications; EP platform business, which provides Web-based and mobile-based digital marketing and sales assistant solutions and customer relationship management applications to new automobile dealers in China; taoche.com business, whichprovides listing services to used automobile dealers which display used automobile inventory information on the Website, mobile applications and digital marketing solutions business, which provides automakers with digital marketing solutions."

You can view other portfolio activity from Tiger Global here.

Tiger Global Discloses New Bitauto Stake, Boosts Autohome Position

Chase Coleman and Feroz Dewan's hedge fund Tiger Global recently filed two separate 13G's with the SEC. 


New Bitauto Stake (BITA)

First, they disclose a new position in Bitauto (BITA).  Per the 13G filing, they now own 14.9% of the company with over 6.56 million ADR shares. 

The filing was required due to activity on September 3rd.  They had previously been involved in shares but SEC filings indicate they sold out of the position in the first quarter of this year.  But now they've jumped back in.

Per Google Finance, Bitauto is "a provider of Internet content and marketing services. The Company’s bitauto.com and taoche.com websites provide consumers with up-to-date new and used automobile pricing information, specifications, reviews and consumer feedback."


Increases Autohome Stake (ATHM)

Second, Tiger Global has revealed they've increased their position in Autohome (ATHM).  Per the filing, they now own 18.5% of the company with 6.735 million shares.  The filing was made due to activity on September 2nd.  At the end of the second quarter, they only owned 290,873 shares.

Tiger Global isn't the only other major hedge fund involved here.  Earlier in the year, we highlighted how Tybourne Capital has a large Autohome stake as well.  Tybourne was founded by Eashwar Krishnan, previously of Lone Pine Capital.

Per Google Finance, Autohome is "an online destination for automobile consumers in China. Through its two Websites, autohome.com.cn and che168.com, it delivers independent and interactive content to automobile buyers and owners. Content it provides to its users include professionally produced content, user generated content, automobile library and automobile listing information. It has an editorial team focusing on serving consumers throughout the automobile ownership lifecycle. It conducts independent and professional evaluations of vehicle models from its users’ perspective."

Tiger Global Adds to BitAuto Stake, Discloses HomeAway Position

We wanted to highlight some of the latest SEC filings from Chase Coleman's tech-focused hedge fund Tiger Global. Last year we focused on how Tiger was buying stakes in internet companies in emerging markets. That trend remains unchanged.

Coleman's firm has found great success by morphing into a venture capital fund, investing in private early stage tech companies. While these investments typically represent only a small portion of their funds (~10%), they've made a significant impact. According to II, Tiger is up a whopping 34.5% in 2011.

A perfect example of such success is social networking site Linked In (LNKD). The company went public in June and Tiger already owned a stake back when the company was private.

HomeAway Inc (AWAY)

Turning to recent portfolio activity, Tiger Global now has a 5.88% ownership stake in HomeAway Inc (AWAY) with 4,691,881 shares according to a 13G filed with the SEC.

This is yet another investment that they made pre-IPO. The company's initial public offering was on June 29th.

Per Google Finance, HomeAway is "an early-stage company. HomeAway operates the online marketplace for the vacation rental industry. As of March 31, 2011, HomeAway operated its online marketplace through 31 Websites in 11 languages and provided listings for vacation rentals located in over 145 countries."


BitAuto (BITA)

Tiger Global also filed a 13G with the SEC regarding shares of BitAuto (BITA). They disclosed a 7.3% ownership stake in BITA with 3,020,745 shares due to portfolio activity on June 20th. This marks almost a 47% increase in their position size as they only owned 2,055,500 shares at the end of the first quarter.

Per Google Finance, BitAuto "is a provider of Internet content and marketing services for People’s Republic of China’s automotive industry. Its bitauto.com and ucar.cn Websites provide consumers with up-to-date new and used automobile pricing information, specifications, reviews and consumer feedback."

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