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TIGER GLOBAL MANAGEMENT LLC

What you'd have made by mirroring TIGER GLOBAL MANAGEMENT LLC's public 13F filings, starting with $10,000 on Aug 14, 2013 and rebalancing at every disclosure through Jun 2, 2026.

52 filings replayed309 of 445 CUSIPs mapped to tickers464 closed trades54 still open
Benchmark
SPYIWMQQQEFAAGG
MSCI EAFE — Developed ex-US

Equity curve

$10,000 mirrored · vs EFA
$10k$20k$30k$40k$50k$60k2015201720192021202320252026
Mirror portfolio$10k in EFA
Mirror — final
$62.47K
EFA — final
$24.46K
Mirror return
+524.7%
Excess return vs EFA
+380.1%

Risk profile

Weekly mirror returns vs EFA · rf ≈ 4%
Sharpe
0.43
Max drawdown
-68.2%
Beta vs EFA
0.81
Information ratio
0.35
CAGR
+15.4%
Volatility (ann.)
26.4%
Sortino
0.39
α (Jensen, ann.)
+8.8%
Tracking error
23.2%
Upside capture
102%
Downside capture
78%
Window
12.8y

Drawdown

Underwater curve — distance below running peak
-60%-40%-20%0%-68.2%2015201720192021202320252026

Largest drawdown: -68.2% from 2021-02-17 to 2022-11-09 · recovered 2025-09-10.

Style decomposition

R² 39% · 668 weekly obs

Multivariate regression of weekly mirror excess return on five style factors built from the benchmark ETFs: SPY (market), IWM−SPY (size), QQQ−SPY (growth), EFA−SPY (international), AGG−SPY (bonds). The intercept is the “true alpha” after stripping these passive tilts. ✓ marks loadings whose |t-stat| ≥ 2 (≈ 95% confidence the loading is non-zero).

Market (β)
+0.97✓
Size tilt
+0.31✓
Growth tilt
+1.16✓
International tilt
+0.37✓
Bond tilt
+0.27
α (style-adjusted)
+3.6%
R²
39%
α t-stat
0.61
Observations
668

Rolling 1y alpha

Trailing 52w mirror return − EFA return
-100%-50%0%+50%+100%avg +13.6%now -4.4%201520162017201820192020202120222023202420252026

Whether the headline alpha was earned recently or decades ago. Bands above the zero line are quarters where the mirror beat EFA on a trailing-year basis; bands below are quarters where it lost ground. A flat positive line = steady outperformance; a curve that crosses often = regime-dependent strategy.

Realized P&L · closed trades

Cumulative profit from positions opened and later sold
−$4.0k−$2.0k$0$2.0k$4.0k$6.0kMA +$2.9kRBLX −$2.3kBILI +$1.3kWRBY −$1.1k2015201720192021202320252026
Realized P&L
−$596.83
Closed trades
464
Win rate
25%
Avg return / closed
+11.3%

Biggest closed trades

IssuerEntryExitHeldReturnP&L
MASTERCARD INC
MA
Q3 2013Q3 202341Q+572%+$1.64B
ROBLOX CORP
RBLX
Q2 2021Q2 20238Q-49%−$1.29B
BILIBILI INC
BILI
Q2 2018Q1 202111Q+1124%+$718.38M
WARBY PARKER INC
WRBY
Q4 2021Q2 20236Q-79%−$636.67M
APPLE INC
AAPL
Q1 2016Q1 20174Q+43%+$476.07M
UIPATH INC
PATH
Q3 2021Q3 20224Q-65%−$462.5M
MERCADOLIBRE INC
MELI
Q2 2018Q1 20207Q+153%+$433.28M
ROBINHOOD MKTS INC
HOOD
Q4 2021Q3 20223Q-69%−$393.9M
PROCORE TECHNOLOGIES INC
PCOR
Q3 2021Q4 20225Q-37%−$330.4M
RESTAURANT BRANDS INTL INC
QSR
Q1 2016Q3 201914Q+135%+$323.97M

Every trade · entry date × return

Bubble = position size at entry
-50%-25%0%+25%+50%+100%+200%+500%SHOP · +1520%BILI · +1124%AMZN · +869%2015201720192021202320252026
PositiveNegativeStill open (marked to market)
Best closed pick
SHOP +1520%
Worst closed pick
PTON -90%
Total trades
518
Open trades
54