Billionaire investor Julian Robertson's hedge fund, Tiger Global Management, bought a new 12.8 million share stake in Spotify Technology S.A. during the second quarter, according to the fund's latest 13F filing with the Securities and Exchange Commission. Spotify went public on April 3. Among some other changes Tiger made to its equity portfolio during the second quarter, the Twitter Inc. TWTR, +1.11% stake increased to 11.7 million shares from 9.5 million shares, the Redfin Corp. RDFN, -1.60% investment dropped to about 2.4 million shares from 7.7 million shares, the Alibaba Group Holding Ltd. BABA, -2.86% stake increased to 4.4 million shares from 3.8 million shares, the entire 22,488-share stake in United Continental Holdings Inc. UAL, +0.28% was sold off and the Facebook Inc. stake was increased to 5.3 million shares from 5.0 million shares. In all, the value of Tiger's equity holding increased 28% to $19.22 billion as of June 30 from $15.04 billion on March 31. Over the same time, the S&P 500 SPX, +0.62% rose 2.9%.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.