Tiger Legatus Capital Management 13F annual report
Tiger Legatus Capital Management is an investment fund managing more than $155 million ran by Christopher Lastre. There are currently 14 companies in Mr. Lastre’s portfolio. The largest investments include DiDi Global Inc and Patria Investments Ltd, together worth $78.6 million.
$155 million Assets Under Management (AUM)
As of 8th November 2021, Tiger Legatus Capital Management’s top holding is 7,520,216 shares of DiDi Global Inc currently worth over $58.6 million and making up 37.8% of the portfolio value.
Relative to the number of outstanding shares of DiDi Global Inc, Tiger Legatus Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 1,225,802 shares of Patria Investments Ltd worth $20 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Expedia Inc worth $15.6 million and the next is Zynga Inc worth $10.9 million, with 1,445,000 shares owned.
Currently, Tiger Legatus Capital Management's portfolio is worth at least $155 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Tiger Legatus Capital Management
The Tiger Legatus Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Christopher Lastre serves as the CCO at Tiger Legatus Capital Management.
Recent trades
In the most recent 13F filing, Tiger Legatus Capital Management revealed that it had opened a new position in
JD.com Inc and bought 71,000 shares worth $5.13 million.
This means they effectively own approximately 0.1% of the company.
JD.com Inc makes up
18.7%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in DiDi Global Inc by buying
10,000 additional shares.
This makes their stake in DiDi Global Inc total 7,520,216 shares worth $58.6 million.
DiDi Global Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Tiger Legatus Capital Management is getting rid of from its portfolio.
Tiger Legatus Capital Management closed its position in Twitter Inc on 15th November 2021.
It sold the previously owned 60,000 shares for $4.13 million.
Christopher Lastre also disclosed a decreased stake in Expedia Inc by 0.3%.
This leaves the value of the investment at $15.6 million and 95,000 shares.
Christopher Lastre investment strategy
Tiger Legatus Capital Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 46.9% of
the total portfolio value.
The fund focuses on investments in the United States as
57.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
64% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $104 billion.
The complete list of Tiger Legatus Capital Management trades based on 13F SEC filings
These positions were updated on November 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| DiDi Global Inc |
0.13%
7,520,216
|
$58,583,000 | 37.77% |
| Patria Investments Ltd |
75.11%
1,225,802
|
$20,018,000 | 12.91% |
| Expedia Group Inc |
27.48%
95,000
|
$15,571,000 | 10.04% |
| Zynga Inc |
31.96%
1,445,000
|
$10,881,000 | 7.02% |
| Madison Square Garden Sports Corp. |
11.91%
49,800
|
$9,261,000 | 5.97% |
| Uber Technologies Inc |
48.03%
188,000
|
$8,422,000 | 5.43% |
| Nelnet Inc |
37.60%
103,200
|
$8,178,000 | 5.27% |
| Apollo Global Management Inc |
28.57%
90,000
|
$5,543,000 | 3.57% |
| JD.com Inc |
Opened
71,000
|
$5,129,000 | 3.31% |
| Restaurant Brands International Inc |
75.00%
70,000
|
$4,283,000 | 2.76% |
| Twitter Inc |
Closed
60,000
|
$4,129,000 | |
| Yandex NV |
11.11%
50,000
|
$3,985,000 | 2.57% |
| DraftKings Inc. |
62.41%
50,000
|
$2,408,000 | 1.55% |
| Meta Platforms Inc |
37.50%
5,000
|
$1,697,000 | 1.09% |
| Flutter Entertainment Plc |
17.14%
5,800
|
$1,147,000 | 0.74% |
| No transactions found | |||
| Showing first 500 out of 15 holdings | |||
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