Key Takeaways
- • Tiger Global aggressively increased its Coupang position by 2.25 million shares (+16.58%), reinforcing it as the hedge fund's largest disclosed equity bet and signaling continued conviction in the Korean e-commerce platform's scale advantages and margin expansion.
- • Block (SQ) received a significant 478,872-share addition (+12.14%), indicating Chase Coleman's confidence in the payment processor's turnaround narrative centered on Cash App monetization and ecosystem strengthening between Square and its cash transfer product.
- • MongoDB (MDB) represents a striking new full-size position of 341,000 shares, marking one of the most notable moves in the Q3 2025 filing and signaling Tiger Global's renewed focus on cloud infrastructure and database technology plays.
- • Amazon (AMZN) received a modest 357,900-share increase (+3.35%), underscoring its status as a core anchor position, with Tiger betting on AWS reacceleration, retail margin expansion, and AI positioning.
- • The portfolio positioning reflects a contrarian stance toward secular digital winners and cloud infrastructure while many competitors rotate into defensive positions, demonstrating Coleman's high-conviction approach to growth-oriented technology and global e-commerce.
Summary
Tiger Global's Q3 2025 13F filing reveals Chase Coleman steering the $22.9 billion hedge fund toward aggressive positioning in secular growth narratives, despite broader market rotations into defensive equities. The filing showcases significant capital deployment across e-commerce, financial services, and cloud infrastructure—areas where Coleman maintains long-term conviction theses.
Coupang dominates the new activity, with Tiger adding 2.25 million shares to bring the total position increase to 16.58%. This continued accumulation reflects Coleman's decade-long relationship with Korea's largest e-commerce platform, dating to its private rounds. The thesis centers on Coupang's expanding scale advantages, improving unit economics, and strengthening logistics moat—factors positioned to drive margin expansion as the business matures.
Block received substantial renewed attention with a 478,872-share increase representing 12.14% growth. Coleman's confidence in the company reflects a bet on Cash App's improving monetization trajectory and the broader ecosystem benefits from Square's integration. The addition signals Tiger views Block as a misunderstood compounder capable of leveraging operational improvements into shareholder value, particularly as profitability gains momentum.
The MongoDB move emerges as perhaps the most striking positioning decision—a full-size new purchase of 341,000 shares. This signals Tiger's explicit bet on cloud infrastructure and database technology at a time when AI-driven workloads are reshaping database architecture priorities across enterprise software.
Amazon received a more modest 357,900-share addition, increasing the core position by 3.35%. Despite the smaller percentage increase, Amazon's role as an anchor holding remains intact, with Tiger's thesis anchored on AWS reacceleration, retail margin expansion opportunities, and the company's emerging AI competitiveness. The consistent adds to mega-cap technology positions suggest Coleman views these as long-duration compounders capable of delivering returns across multiple market cycles.
Coupang dominates the new activity, with Tiger adding 2.25 million shares to bring the total position increase to 16.58%. This continued accumulation reflects Coleman's decade-long relationship with Korea's largest e-commerce platform, dating to its private rounds. The thesis centers on Coupang's expanding scale advantages, improving unit economics, and strengthening logistics moat—factors positioned to drive margin expansion as the business matures.
Block received substantial renewed attention with a 478,872-share increase representing 12.14% growth. Coleman's confidence in the company reflects a bet on Cash App's improving monetization trajectory and the broader ecosystem benefits from Square's integration. The addition signals Tiger views Block as a misunderstood compounder capable of leveraging operational improvements into shareholder value, particularly as profitability gains momentum.
The MongoDB move emerges as perhaps the most striking positioning decision—a full-size new purchase of 341,000 shares. This signals Tiger's explicit bet on cloud infrastructure and database technology at a time when AI-driven workloads are reshaping database architecture priorities across enterprise software.
Amazon received a more modest 357,900-share addition, increasing the core position by 3.35%. Despite the smaller percentage increase, Amazon's role as an anchor holding remains intact, with Tiger's thesis anchored on AWS reacceleration, retail margin expansion opportunities, and the company's emerging AI competitiveness. The consistent adds to mega-cap technology positions suggest Coleman views these as long-duration compounders capable of delivering returns across multiple market cycles.
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