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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
Nasdaq-100 — US large-cap tech-heavy

Equity curve

$10,000 mirrored · vs QQQ
$20k$40k$60k$80k$100k2015201720192021202320252026
Mirror portfolio$10k in QQQ
Mirror — final
$62.47K
QQQ — final
$105.22K
Mirror return
+524.7%
Excess return vs QQQ
-427.6%

Risk profile

Weekly mirror returns vs QQQ · rf ≈ 4%
Sharpe
0.43
Max drawdown
-68.2%
Beta vs QQQ
0.81
Information ratio
-0.22
CAGR
+15.4%
Volatility (ann.)
26.4%
Sortino
0.39
α (Jensen, ann.)
-1.7%
Tracking error
21.5%
Upside capture
88%
Downside capture
88%
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 − QQQ return
-50%0%+50%avg +0.5%now -21.3%201520162017201820192020202120222023202420252026

Whether the headline alpha was earned recently or decades ago. Bands above the zero line are quarters where the mirror beat QQQ 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