Chase Coleman's Trades and Holdings in Q2 2026

Breaking down the stocks Chase Coleman (Tiger Global) bought, sold, and held in Q2 2026, including their holdings at the end of the quarter. All data sourced from Tiger Global's 13F filed on August 14, 2026.

Who are Chase Coleman and Tiger Global?

Chase Coleman is the founder and managing partner of Tiger Global Management LLC (commonly referred to as Tiger Global). The fund is known for its concentrated public equity portfolio, typically consisting of 40-50 stocks, with the top 5 holdings comprising over 40% of assets, and variable cash holdings deployed aggressively when high-conviction opportunities arise across public and private markets. His investment strategy is a growth-oriented crossover approach inspired by Julian Robertson's Tiger Management, emphasizing investments across company lifecycles from private ventures to public equities in pursuit of asymmetric upside from technological disruption. Coleman focuses on undervalued or high-potential companies in sectors like internet, software, e-commerce, consumer, and financial technology that can scale globally, with strong qualitative factors like network effects, high margins, rapid user adoption, deep moats, optionality, business model innovation, and alignment with secular trends such as AI and digital transformation.

Tigerglobal.com
Q2 '26 13F filed with SEC

Holdings in Q2 2026

Current Investment Strategy

Chase Coleman's Tiger Global entered the third quarter of 2026 with a portfolio increasingly tilted toward fintech, AI infrastructure, and digital-asset adjacent platforms, anchored by top positions in Nu Holdings, Wealthfront, EquipmentShare, Sherwin-Williams, Webull, Uber, and DoorDash, alongside newer bets like Gemini Space Station and Accelerant Holdings that reflect the firm's crossover appetite for late-stage private companies newly public. The quarter's trading—fresh stakes in AI chipmaker Cerebras Systems, semiconductor play AMD, storage supplier Seagate, payments giant Visa, and industrial conglomerate Danaher, funded in part by exits from AppLovin, Zillow, Netflix, Zscaler, and Procore—underscores Coleman's continued rotation away from crowded software and consumer-internet trades toward AI compute infrastructure and diversified fintech rails he views as better positioned to capture the next leg of the technology cycle.

New Investments

Cerebras Systems Inc

Chase Coleman bought $662.78M of Cerebras Systems Inc in Q2 2026. The new position increases exposure to a rapidly scaling AI infrastructure leader, with fiscal 2025 revenue reaching $510.0M, up 75.7% year-over-year and supported by strong early-2026 demand. In the first quarter of 2026, GAAP revenue rose to $193.4M, up 13% sequentially and roughly 94% year-over-year, underscoring accelerating growth ahead of the IPO. In the current quarter, performance is mixed but net positive: the fast inference cloud business nearly quadrupled with GAAP cloud revenue up 281% and core cloud revenue up 287% year-over-year, and full-year adjusted revenue guidance was raised to $880–$890M, even as margin guidance and rich valuation drove a share pullback of about 14–16% after earnings.

• Fiscal 2025 revenue was $510.0M, growing 75.7% year-over-year, with net income of about $237.8M..
• Q1 FY2026 GAAP revenue reached $193.4M, up 13% sequentially and about 94% year-over-year, with adjusted gross margin around 47%..
• In Q2 FY2026, GAAP cloud revenue grew 281% year-over-year and core cloud revenue grew 287%, while 2026 adjusted revenue guidance increased to $880–$890M from $855–$865M..

AMD

Chase Coleman bought $391.96M of AMD in Q2 2026. Over the past two quarters, AMD has accelerated materially, growing revenue from $10.3B in Q1 2026 (up 38% YoY) to a record $11.5B in Q2 2026 (up roughly 50% YoY), with GAAP gross margin expanding from about 53% to 54% and non-GAAP gross margin reaching 56%. Momentum is clearly positive in the current quarter, driven by surging demand for data center and AI accelerators that lifted Q2 operating income to roughly $3.1B (non-GAAP), EPS to $1.66 (non-GAAP) and $1.38 (GAAP), and supported Q3 revenue guidance of around $13B, above the Street’s $12.52B expectation. Back-to-back quarters of strong double‑digit revenue and EPS growth, record free cash flow in Q1, and a share price move of about +6.5% on the Q2 print underscore that AMD is gaining share and strengthening fundamentals relative to large-cap semiconductor peers, positioning the stock for further upside if AI and data center demand remain robust.

• Q1 2026 revenue grew 38% YoY to $10.3B, with GAAP net income of about $1.4B, EPS near $0.84 and record free cash flow of roughly $2.6B.
• Q2 2026 revenue reached a record $11.5B, up about 50% YoY and 13% sequential, with GAAP gross margin of 54%, non-GAAP gross margin of 56%, and non-GAAP operating income of roughly $3.1B.
• Q3 2026 guidance calls for revenue around $13B, implying roughly mid‑40% YoY growth and a beat versus consensus of about $12.52B, supporting continued EPS and margin expansion.

Seagate

Chase Coleman bought $275.12M of Seagate in Q2 2026. Over the past year, revenue has climbed from roughly $2.83 billion in fiscal Q2 2026 to about $3.6 billion in Q4, while non‑GAAP EPS rose from around $3.11 to $5.71 and free cash flow reached a record near $3.1 billion, highlighting accelerating demand for mass‑capacity storage tied to AI data center workloads. Momentum has strengthened over the last two quarters, with Q3 2026 revenue increasing to roughly $3.11 billion, non‑GAAP EPS reaching about $4.10, and gross margins approaching 47%, followed by Q4 year‑over‑year revenue growth of around 48% and a non‑GAAP operating margin near 44.6%, indicating the business is firmly in an upcycle rather than declining. The stock’s fundamentals have been re‑rated as management consistently beats expectations and guides above the Street, including Q4 2026 adjusted EPS of roughly $5.71 versus consensus near $5.09–$5.10 and an outlook for next‑quarter revenue of about $4.1 billion with EPS around $7.30, supported by commentary that the company is effectively sold out through 2026, which should continue to drive valuation higher.

• Fiscal Q4 2026 revenue grew about 48% year over year to roughly $3.6 billion, with non‑GAAP EPS up around 39% sequentially to about $5.71..
• Fiscal Q3 2026 delivered revenue of roughly $3.11 billion, GAAP EPS of about $3.27, non‑GAAP EPS near $4.10, and non‑GAAP gross margin close to 47%..
• Fiscal 2026 free cash flow reached roughly $3.1 billion, including about $1.1 billion generated in the June quarter, while the company retired around $641 million of debt..

Visa

Chase Coleman bought $274.02M of Visa in Q2 2026. Over the past two quarters, net revenue has accelerated, rising 17% year-over-year to $11.2B in fiscal Q2 2026 and a further 14% to $11.6B in fiscal Q3 2026, driven by robust payments volume, cross-border activity, and processed transactions. Earnings growth has outpaced revenue, with GAAP net income up 32% in Q2 and 7% in Q3 and diluted EPS up 36% and 10%, respectively, highlighting strong operating leverage and margin resilience even as incentives and investments rise. The current quarter’s double-digit revenue and EPS growth, underpinned by resilient consumer and business spend and expanding value-added services, is likely to be viewed favorably by investors and supports a constructive near-term outlook for the shares.

• Fiscal Q2 2026 net revenue grew 17% year-over-year to $11.2B, with GAAP diluted EPS up 36% to $3.14 and non-GAAP EPS up 20% to $3.31..
• Fiscal Q3 2026 net revenue increased 14% year-over-year to $11.6B, while GAAP net income rose 7% to $5.6B and GAAP EPS grew 10% to $2.97; non-GAAP EPS reached $3.32, up 11%..
• Over the last two reported quarters, combined net revenue exceeded $22.8B and year-over-year EPS growth ranged from 10% to 36%, underscoring strengthening earnings power..

Danaher Corp Del

Chase Coleman bought $86.86M of Danaher Corp Del in Q2 2026. This purchase increases exposure to a diversified life-science and diagnostics leader whose fundamentals have strengthened over the last two quarters, with Q2 2026 revenue up 5.5% year-over-year to $6.3B, core revenue up 3% (or 4.5% excluding respiratory testing), and adjusted EPS up 8% to $1.94, indicating accelerating underlying growth. In Q1 2026, the company delivered more modest top-line expansion, with sales of around $6.0B and core revenue growth of only 0.5% year-over-year, but still expanded adjusted EPS by about 9.5% to $2.06 and maintained high adjusted operating margins near 30%, underscoring margin strength versus many large-cap life science peers. Despite Q2 beats and a raised full-year adjusted EPS outlook to roughly $8.45-8.60 with first-half free cash flow of $2.4B and FCF-to-net-income conversion of 124%, management's cut to its core revenue growth outlook and weakness in the biotechnology segment drove a roughly 14-15% share-price drop, suggesting near-term sentiment pressure but potential valuation upside if end markets normalize.

• Q2 2026 revenue grew 5.5% year-over-year to $6.3B; core revenue up 3% overall and 4.5% excluding respiratory testing..
• Q2 2026 adjusted EPS increased 8% year-over-year to $1.94, beating consensus by about $0.09 per share..
• First-half 2026 free cash flow totaled $2.4B with FCF-to-net-income conversion of 124%, following Q1 FCF of roughly $1.1B and conversion near 105%..

Space Exploration Techn Corp

Chase Coleman bought $64.07M of Space Exploration Techn Corp in Q2 2026. Over the past two quarters, Space Exploration Techn Corp has shifted from a purely capital-intensive growth story toward a profile of rapid top-line expansion with improving profitability, as Q2 2026 revenue climbed to $7.8B (up 92% year over year) and adjusted EBITDA nearly tripled to $3.5B while the net loss narrowed to $541M, all ahead of analyst expectations. Sequentially, the company is clearly gaining momentum: revenue increased roughly 66% from Q1 2026’s $4.7B, while the quarterly net loss shrank from about $4.3B to $541M even as it sustained heavy investments, including roughly $10.1B of Q1 capital expenditures largely directed to AI infrastructure. Near term, upside is anchored in the continued scaling of Starlink and AI compute, with Q2 connectivity revenue reaching $4.29B (about 55% of sales) on 12M subscribers at $66 ARPU and AI revenue jumping 247% year over year to $2.56B, alongside two successful Starship V3 test flights and a reported $47.5B backlog that together position the business for sustained multi-year growth if execution and capital discipline hold.

• Q2 2026 revenue up 92% year over year to $7.8B, with adjusted EBITDA up 191% to $3.5B and the net loss improving to $541M from $1.0B a year earlier..
• From Q1 to Q2 2026, revenue grew about 66% (from $4.7B to $7.8B) while the quarterly net loss narrowed from roughly $4.3B to $541M, even after Q1 capex of about $10.1B (including $7.72B for AI)..
• In Q2 2026, Starlink connectivity generated about $4.29B of revenue (~55% of total) from 12M subscribers at ~$66 ARPU, while the AI division delivered $2.56B in revenue (up 247% year over year) and drove quarterly capex to roughly $15.8B (up over 2,000% YoY)..

Applied Digital

Chase Coleman bought $33.01M of Applied Digital in Q2 2026. Over the last two reported quarters, Applied Digital’s top line has accelerated, with revenue rising from $126.6M to $258.7M, both quarters materially beating Street estimates and signalling strong demand for its AI-focused data center and HPC hosting services. Despite higher expenses and one-time charges that have kept GAAP results volatile, adjusted profitability has inflected, with the most recent quarter delivering adjusted EPS of $0.04 versus expectations for a loss of roughly $0.19–$0.22, suggesting operating leverage as new capacity and tenant fit-outs scale. A recently announced $2.15B AI infrastructure deal and growing revenue from tenant fit-out services underpin a constructive near- to medium-term outlook, indicating the company is gaining momentum even as execution on large contracts and capital intensity remain key drivers relative to other high-growth AI infrastructure players.

• Prior quarter revenue grew 139% year-over-year to $126.6M, significantly above consensus of roughly $76M, reflecting robust demand for the company’s data center offerings.
• Most recent quarter revenue reached $258.7M, more than doubling sequentially and beating estimates of about $94.8–$104.3M, with adjusted EPS of $0.04 versus expected loss of roughly $0.19–$0.22.
• Fiscal Q1 2026 revenue was $64.2M, up 84% year-over-year, driven by approximately $26.3M of tenant fit-out services, though the company recorded a net loss of $27.8M (loss per share $0.11).

Cipher Digital Inc

Chase Coleman bought $22.71M of Cipher Digital Inc in Q2 2026. Over the last two quarters, Cipher Digital has seen revenue decline from $34.8M in Q1 2026 to $24.8M in Q2 2026, while GAAP net loss widened from roughly $114M to $267.5M, highlighting weakening near‑term performance.. This deterioration is driven by deliberate scaling back of bitcoin mining, including decommissioning the Black Pearl site and selling around 4.4 EH/s of mining projects, as the company pivots toward contracted data‑center and hyperscale hosting revenue.. Following a significant Q2 2026 earnings miss and resulting share‑price pressure, investor sentiment is cautious, but long‑term value could be supported by a new 15‑year data‑center lease with an investment‑grade hyperscale tenant and a combined $1.01B in revolving credit and senior secured notes that fund expansion, albeit with higher leverage risk..

• Q1 2026 revenue $34.8M, down about 29% year over year from $49.0M, with GAAP net loss of $114.3M and EPS of -0.28..
• Q2 2026 revenue $24.8M, down about 43% year over year from $43.6M, with GAAP net loss of $267.5M and diluted EPS of -0.65 versus -0.12 a year ago..
• Recent financing includes $810M of senior secured notes and a $200M revolving credit facility, materially increasing available capital for data‑center growth while raising leverage..

Core Scientific

Chase Coleman bought $20.91M of Core Scientific in Q2 2026. Over the last two quarters, revenue has accelerated from $115.2 million in Q1 2026 to $164.2 million in Q2 2026, with gross profit expanding from $30.1 million to $70.0 million, signaling strong underlying momentum despite a GAAP net loss of $1.16 billion driven largely by non‑cash charges. The current quarter shows the company gaining share in high‑density colocation, as colocation revenue jumped from $77.5 million to about $137 million and billable capacity increased to roughly 437 MW, supporting a sharp improvement in Adjusted EBITDA to $41.1 million from $8.9 million in Q1. Looking ahead, a newly announced 15‑year infrastructure partnership with AMD totaling over $14 billion in contracted revenue and taking total contracted capacity to about 1.1 GW and $24 billion of base contracted revenue, combined with supportive Texas data‑center initiatives and recent board additions, positions the company for continued value creation as it scales and potentially normalizes earnings.

• Q2 2026 revenue rose to $164.2 million, up about 109% year over year versus Q2 2025 and roughly 43% sequentially from Q1 2026.
• Colocation revenue increased from $77.5 million in Q1 2026 to about $137 million in Q2 2026, a roughly 76% sequential gain, with billable capacity reaching approximately 437 MW.
• Non‑GAAP Adjusted EBITDA improved from $8.9 million in Q1 2026 to $41.1 million in Q2 2026, even as GAAP net loss widened to about $1.16 billion on heavy CapEx and non‑cash impairments.

Added, Trimmed, and Exited

Added

Tiger Global added to only four existing positions this quarter, led by a dramatic increase in Intel (up 2,613,990 shares, pushing the position's value up over 721% to $593.8M), alongside further buying in Coupang (+1,872,565 shares), Block (+576,007 shares, value up 44.5%), and Corpay (+397,731 shares, value up 40.5%).
What it means: The outsized addition to Intel stands out as a high-conviction bet on the chipmaker's turnaround and potential participation in the AI/foundry buildout, a notable divergence from the broader trend of trimming semiconductor exposure elsewhere in the portfolio. The continued build in Block and Corpay signals confidence in fintech/payments platforms compounding earnings, while adding to Coupang despite a modestly negative return suggests patience with an established e-commerce leader in a market Tiger Global has historically favored.

Trimmed

Tiger Global trimmed sixteen existing positions this quarter, with the largest share reductions in Chime Finl Inc (-5,797,735 shares, -47.9% return), Alphabet (-4,825,715 shares, -32.1% return), Sea (-2,856,683 shares), Pony Ai Inc (-2,589,713 shares, -92.1% return), and Broadcom (-1,830,752 shares, -40.3% return), while also paring back NVIDIA, Lam Research, TSMC, ServiceNow, Apollo Global Management, Spotify, Liberty Media, Amazon, Meta, Microsoft, and Take-Two Interactive.
What it means: The broad-based trimming across semiconductor and AI infrastructure names like Broadcom, NVIDIA, Lam Research, and TSMC likely reflects profit-taking after a strong run and a rotation of capital into newer, higher-conviction AI infrastructure bets such as Cerebras Systems Inc, AMD, and Seagate. Meanwhile, meaningful cuts to mega-cap tech holdings including Alphabet, Amazon, Meta, and Microsoft suggest a deliberate reduction in large-cap concentration, and the steep reductions in Pony Ai Inc (-92%) and Chime Finl Inc (-47.9%) point to loss-cutting on underperforming, more speculative names.

Exited

Tiger Global fully exited sixteen positions this quarter, including sizable stakes in AppLovin ($398.0M), Zillow ($304.9M), Netflix Inc. ($234.5M), Zscaler ($221.6M), Procore ($133.4M), Lumentum ($96.1M), and CoStar Group ($60.5M), as well as smaller, more recently public or private holdings in Robinhood Ventures Fd I, Paypay Corp, Figure Technology Solutio, Netskope Inc, Xanadu Quantum Technolo Ltd, Bullish, Etoro Group Ltd, Klarna, and Figma Inc.
What it means: The complete exits from AppLovin and Zillow, two of the fund's larger positions, together with the sale of Netflix Inc., Zscaler, and Procore, suggest a broad rotation of capital away from advertising-tech, consumer internet, and enterprise software toward AI compute and infrastructure plays that dominate the quarter's new buys. The simultaneous unwinding of a cluster of recently public or fintech/crypto-adjacent names (Klarna, Figma Inc, Bullish, Etoro Group Ltd, Robinhood Ventures Fd I) points to profit-taking or de-risking in speculative, newly listed positions as the fund concentrates capital in higher-conviction AI infrastructure and semiconductor names.

Disclaimer: All posts are for informational purposes only. They are NOT a recommendation to buy or sell the securities discussed. Please do your own research and due diligence before investing your money.