Tiger Global Still Buying Sunrun, Amends 13D Filing

As we've detailed previously, Chase Coleman's hedge fund firm Tiger Global has been out buying shares of Sunrun (RUN) in recent weeks.  In an amended 13D filing with the SEC, Tiger Global has now disclosed they own 22.2% of the company with over 26.05 million shares.

Their recent activity includes buying on September 9th through 11th at weighted average prices of around $15.093.

Per Yahoo Finance, Sunrun "engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California."

Tiger Global Still Buying Sunrun Shares

Chase Coleman's hedge fund firm Tiger Global has filed yet another Form 4 with the SEC indicating their activity in Sunrun (RUN) shares.  As we've detailed previously, Tiger Global has been out buying RUN shares and they've continued to do so into September.

The latest filing indicates they were out buying 654,011 shares in total across September 4th through 6th with the bulk at weighted average prices of $15.247 and $15.501.

After these recent buys, Tiger Global now owns over 25.2 million shares of Sunrun.

Tiger Global Continues To Buy Sunrun

Chase Coleman's hedge fund firm Tiger Global has filed yet another Form 4 with the SEC regarding their ownership of Sunrun (RUN).  We previously detailed last week how they were out buying RUN shares. 

Per the latest filing, Tiger Global was out acquiring more shares on August 29th, 30th, as well as September 3rd.  In total, they purchased 627,439 shares at weighted average prices of between $14.705 and $15.365.  After these buys, they now own over 24.55 million shares.

Per Yahoo Finance, Sunrun "engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California."

Tiger Global Buys More Sunrun

Chase Coleman's hedge fund firm Tiger Global has filed a 13D with the SEC regarding its stake in Sunrun (RUN).  Per the filing, Tiger Global now owns 20.4% of the company with over 23.93 million shares.

They were out buying shares through mid-to-late August and in total have purchased over 2.01 million shares with the bulk coming at weighted average prices of $14.98 and $15.07.

Per Yahoo Finance, Sunrun "engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California."

Tiger Global Buys More Apollo Global Management Shares

Chase Coleman's hedge fund firm Tiger Global has filed a Form 4 with the SEC regarding its position in Apollo Global Management (APO).  Per the filing, Tiger was out buying shares on October 22nd and 23rd.

In total, Tiger bought 815,000 shares at weighted average purchase prices of $29.57, $28.421, and $29.365.  After these purchases, they now own over 35.23 million APO shares.

For more on this hedge fund, we recently highlighted other Tiger Global portfolio activity here.

Tiger Global Buys More Sunrun

Chase Coleman's hedge fund firm Tiger Global has filed a Form 4 with the SEC regarding its position in Sunrun (RUN).  Per the filing, Tiger Global now owns over 15.23 million shares.

They purchased RUN shares on October 9th, 10th, and 11th at weighted average prices of $11.1267, $11.9614, and $11.9757.  In total, they bought 231,357 shares.

As we've detailed previously, Tiger Global has increased its stake over the course of the year.

Per Yahoo Finance, Sunrun "engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California."

Tiger Global Boosts Sunrun Stake Again

In another slew of SEC filings, Chase Coleman's hedge fund firm Tiger Global has disclosed a further increased stake in Sunrun (RUN).  Per a 13G filing, Tiger now owns 12.8% of the company with over 13.93 million shares.

This is up from the 11.67 million shares we highlighted they owned just a few weeks ago.  A separate Form 4 filed indicates they were buying RUN shares on June 5th through 7th at weighted average prices of $12.3736 and $12.4824.

Per Yahoo Finance, Sunrun "engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California."

Tiger Global Increases Sunrun Position

Chase Coleman's hedge fund firm Tiger Global has filed a 13G with the SEC regarding its stake in Sunrun (RUN).  Per the filing, Tiger Global now owns 10.7% of the company with over 11.67 million shares.  This is up significantly from the 5.74 million shares they disclosed back at the end of the first quarter.

An additional Form 4 filed with the SEC shows Tiger was buying RUN shares on May 25th, 29th, and 30th.  In total, they bought 776,138 shares at weighted average prices from $10.71 to $11.50.  The filing also notes the securities are held by advisory clients of Tiger Global.

Per Yahoo Finance, Sunrun "engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California."

Tiger Global Buys Some More Apollo Global

Chase Coleman's hedge fund firm Tiger Global has filed a Form 4 with the SEC regarding its ownership stake in Apollo Global (APO). 

Per the filing, Tiger acquired 100,000 APO shares on March 23rd at a weighted average price of $30.338.  After this transaction, they now own 34.32 million shares.

Apollo Global is an American private equity firm.

We've also highlighted another stock Tiger Global has been buying recently.

Tiger Global Shows Bright Scholar Education Stake

Chase Coleman's hedge fund firm Tiger Global has filed a 13G with the SEC regarding shares of Bright Scholar Education (BEDU).  Per the filing, Tiger now owns 5.8% of the company with over 1.57 million shares. 

The filing was made due to portfolio activity on February 28th.  They did not show an equity stake at the end of 2017 in their most recent 13F filing.

For more on this fund, we highlighted other recent portfolio activity from Tiger Global here.

Per Google Finance, Bright Scholar Education is "an operator of international and bilingual K-12 schools in China. The Company is engaged in providing international education to Chinese students. Its schools comprise international schools, bilingual schools and kindergartens. It offers a broad range of internationally-accredited curricula at its international schools. It also offers a range of complementary education services, including overseas camps and after-school programs. As of February 28, 2017, the Company had six international schools, which focus on internationally-accredited curricula and offer extracurricular activities and programs; 11 bilingual schools, which provide government-mandated curricula and developing students’ English proficiency; and 34 bilingual kindergartens, including 11 that deliver international curricula. As of February 28, 2017, the Company operated 51 schools."

Tiger Global Increases TransDigm Group Stake

Chase Coleman's hedge fund firm Tiger Global now owns 5.3% of TransDigm Group (TDG) with 2.78 million shares, per a 13G filed with the SEC.  The filing was made due to portfolio activity on March 6th.

This is up from the 1.91 million shares they previously owned at the end of 2017.  We've also posted about some other recent portfolio activity from Tiger here.

Per Google Finance, TransDigm Group is "a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. The Airframe segment includes operations that primarily develop and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls, engineered latching and locking devices, and seat belts and safety restraints."

Tiger Global Selling eHi Car Service Stake

Chase Coleman's hedge fund firm Tiger Global has filed a 13D with the SEC regarding its stake in eHi Car Services (EHIC).  Per the filing, Tiger Global is selling 5.26 million ADR shares representing 10.52 million class A shares.

The SEC filing specifies the details:

"On February 23, 2018, Global Mauritius, a Reporting Person, entered into a Securities Purchase Agreement (the "Purchase Agreement") with BPEA Teamsport Limited (the "Purchaser") for the sale of 5,264,080 ADSs, representing 10,528,160 Class A Shares, to the Purchaser.  The closing of the transaction contemplated by the Purchase Agreement is scheduled to occur on or prior to May 30, 2018. The initial purchase price is US$12.00 per ADS, subject to adjustment as provided in the Purchase Agreement. The Purchaser is participating in that certain consortium including Mr. Ray RuiPing Zhang, the Chairman and Chief Executive Officer of the Issuer, and other potential investors, in connection with the proposed acquisition of the Issuer in a "going-private" transaction for US$13.35 in cash per ADS, as disclosed in Exhibit 99.1 to the Issuer's Form 6-K furnished with the United States Securities and Exchange Commission on January 2, 2018."

The entire securities purchase agreement is found here.

Per Google Finance, Ehi Car Services "is engaged in car rentals and car services. The Company provides self-drive car rental services to both individual customers, as well as corporate and institutional clients to meet travel, leisure, business and ground transportation needs. The Company operates its car rentals business primarily through its subsidiaries, including Shanghai eHi Car Rental Co., Ltd. (eHi Rental), eHi Auto Services (Jiangsu) Co., Ltd. (eHi Jiangsu), and their subsidiaries and branches. For its car services business, the Company provides vehicles and chauffeur services through different subsidiaries. The Company provides chauffeur services through its subsidiary, Shanghai Smart Brand Auto Driving Services Co., Ltd. (Shanghai Smart Brand), and its subsidiaries and branches. The Company has a limited operating history."

Tiger Global Takes Barclays Stake: Report

Per the FT, Chase Coleman's hedge fund firm Tiger Global has reportedly taken a stake in Barclays (BCS) worth around $1 billion, but this position hasn't been publicly disclosed.  Reportedly, the fund acquired around a 2.5% stake in November when Barclays shares were in the doldrums. 

Based on Tiger's last 13F filing (as of Q3 2017), this would make it around their fourth, fifth, or sixth largest holding, depending on just how large the stake is and if they've adjusted position sizes in other holdings.

This would also be their second major investment in the financial space as of late, as they also built up a stake in private equity firm Apollo (APO) throughout 2017.

Barclays' CEO, Jes Staley, has been focusing on their US-focused investment bank and UK-focused consumer banking segment. 

Per Yahoo Finance, Barclays is "provides various financial products and services worldwide. It offers personal and business banking services, credit cards, transactional and other lending products, and investment products and services. The company also provides financial advice, primary capital raising and capital markets execution, risk and liquidity management, sales and trading, consumer payments, and wealth management services. It serves corporates, financial institutions, institutional investors, governments, consumers, high and ultra-high net worth individuals, and family offices. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom."

Tiger Global Adds To Apollo Position

Chase Coleman's hedge fund firm Tiger Global has filed yet another Form 4 with the SEC regarding its position in Apollo Global Management (APO). 

The latest filing shows they were buying on September 7th and 8th at weighted average prices of $28.465 and $28.503.  In total, they bought 253,672 shares.  After these buys, they now own over 34 million shares of APO.

We've highlighted other recent portfolio activity from Tiger Global here.

Per Google Finance, Apollo Global is "an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities."

Tiger Global Shows Redfin Stake, Ups Apollo Stake Again

Chase Coleman's hedge fund firm Tiger Global has submitted a couple filings to the SEC.  Here are the details:

Tiger Global Shows Extent of Redfin Stake

Redfin just completed its initial public offering (IPO) under the ticker symbol RDFN.  Per a Form 3 filed with the SEC, Tiger Global already had a stake in the company from when it was private. 

They owned 1,852,943 Series B convertible preferred stock, 3,705,838 Series F convertible preferred stock, as well as 617,826 Series G convertible preferred stock.

Upon completion of the IPO, the convertible preferred stock will "automatically convert into common stock of the Issuer on a 1:1 basis" per the filing.

Per Google Finance, Redfin is "a United States-based real estate broker company. The Company provides real estate search and brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. Redfin Builder Services is its sales platform designed specifically for home builders and condominium developers. Redfin Builder Services support product analysis, digital marketing, media, listing management and sales, pricing, and reporting. The customer can search homes for sale in Austin, Atlanta, Baltimore, Boston, Charlotte, Chicago, Dallas, Denver, Fort Lauderdale, Houston, Lake Tahoe, Las Vegas, Los Angeles, Miami, New York, Philadelphia, Phoenix, Portland, OR, Raleigh, San Antonio, San Diego, San Francisco, Sacramento, San Jose, San Luis Obispo, Santa Barbara, Seattle, Washington, and West Palm Beach."


Tiger Global Ups Apollo Stake Again

As we've detailed in previous months, Tiger Global has been accumulating a position in private equity firm Apollo Global (APO).

Their latest just-filed Form 4 with the SEC indicates they purchased 3,200 more APO shares on July 25th at a weighted average price of $27.966 and also purchased 53,000 shares on July 26th at a weighted average price of $27.96.

After these latest purchases, Tiger Global's stake in APO is now over 33.45 million shares.

Per Google Finance, Apollo Global is "an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities."

Tiger Global Adds To Apollo Stake

Chase Coleman's hedge fund firm Tiger Global has filed a Form 4 with the SEC regarding its stake in Apollo Global Management (APO).  Per the filing, Tiger Global acquired 100,916 shares of APO on July 19th at a weighted average price of $27.357.

They also bought 149,052 shares on July 20th at a weighted average price of $27.897.  After these buys, Tiger Global now owns over 33.13 million shares.  As we've detailed previously, Tiger Global has been accumulating Apollo Global shares throughout the past few months.

Per Google Finance, Apollo Global Management is "an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities."

For more on this hedge fund, you can view additional recent portfolio activity from Tiger Global here.

Tiger Global Increases TransDigm Group Position

Chase Coleman's hedge fund firm Tiger Global has filed a 13G with the SEC regarding its position in TransDigm Group (TDG).  Per the filing, Tiger Global now owns 7.7% of TDG with 4 million shares.

This is a noticeable increase from the 2.45 million shares the hedge fund owned at the end of the first quarter.  The filing was made due to activity on May 18th.

While this second quarter activity is notable, it's also worth pointing out that Tiger Global boosted its TDG position back in the first quarter by 492% as they previously owned a small position.  Simply put, they've been acquiring a lot of TDG shares over the past five months. 

TDG shares were hit in Q1 by a short seller report questioning the company's pricing practices.  As detailed in the brand new issue of our Hedge Fund Wisdom newsletter, numerous hedge funds bought TDG shares in Q1.

Per Google Finance, TransDigm Group is "a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. The Airframe segment includes operations that primarily develop and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls, engineered latching and locking devices, and seat belts and safety restraints."

To view the rest of Tiger Global's portfolio, check out the just released issue of our premium newsletter.

Tiger Global Buys More Apollo Again

Chase Coleman's hedge fund firm Tiger Global continues to acquire shares of Apollo Global Management (APO).

Per a new Form 4 filed with the SEC, Tiger Global bought 295,500 more shares of APO on May 1st at a weighted average price of $26.728.  After this latest buy, they now own over 30 million shares.

Private equity firms have attracted some big name hedge funds as of late.  We highlighted how ValueAct Capital took a stake in KKR recently as well.

Per Google Finance, Apollo Global Management is "an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities."

Tiger Global Adds To Apollo Stake Again

Chase Coleman's hedge fund firm Tiger Global has filed an amended 13G with the SEC regarding its stake in Apollo Global Management (APO).  They now own 15% of Apollo Global with over 28.1 million shares.

As we've detailed previously, Tiger has been boosting its APO stake.  This latest filing means they've increased their position size by an additional 3.1 million shares.  The filing was made due to activity on April 17th through 19th where they purchased shares at around $25.xx per a Form 4 submitted to the SEC.

Per Google Finance, Apollo Global Management is "an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities."

Tiger Global Buys More Apollo Global Again

Chase Coleman's hedge fund firm Tiger Global has filed a Form 4 with the SEC regarding its position in Apollo Global Management (APO). 

Per the filing, Tiger Global purchased 1,266,800 shares in total across April 6th and 7th at weighted average prices of $25.254 and $25.301.  After these purchases, Tiger Global now owns over 25 million shares of APO. 

This comes after the hedge fund has been buying Apollo Global over the past two months.

Per Google Finance, Apollo Global Management is "an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities."