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Tiger Management (Trades, Portfolio), under the legendary investor Julian Robertson, has recently disclosed its 13F filing for the third quarter of 2024. Robertson, known as the “Wizard of Wall Street,” founded Tiger Management (Trades, Portfolio) in 1980 with $8 million, which grew to over $22 billion by the late 1990s. Despite closing his fund to outside investors, Robertson continues to manage investments internally, focusing on a long-short strategy. His profound impact on the finance world is also noted through his mentorship of the successful “Tiger Cubs.”
Tiger Management (Trades, Portfolio) has made significant adjustments in its portfolio this quarter, notably increasing its stake in only one stock:
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Vanguard S&P 500 ETF (VOO) saw an addition of 17,800 shares, bringing the total to 43,150 shares. This adjustment represents a substantial 70.22% increase in share count and has a 41.25% impact on the current portfolio, with a total value of $22,768,960.
As of the third quarter of 2024, Tiger Management (Trades, Portfolio)’s portfolio is highly concentrated, with 100% of its holdings in Vanguard S&P 500 ETF (VOO). This strategic focus underscores Robertson’s confidence in the ETF as a core investment vehicle.
The portfolio does not currently diversify across the 11 industries, indicating a streamlined and focused investment approach under Robertson’s current strategy.
This latest filing highlights Tiger Management (Trades, Portfolio)’s strategic shift towards a more concentrated investment in the Vanguard S&P 500 ETF, reflecting Robertson’s bullish outlook on the broad market index. As the market navigates through various economic conditions, this move could be indicative of seeking stability through diversified, large-cap U.S. equities. Investors and followers of Julian Robertson will be watching closely to see how this strategy unfolds in the coming quarters.
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This article first appeared on GuruFocus.