What if you had copied Tiger Global?
Chase Coleman
The verdict
Copying Tiger Global's 13F filings from Feb 2020 would have turned $10,000 into $16,843, less than the S&P 500 did.
The S&P 500 turned the same $10,000 into $24,639 over the same days. The copy returned +8.1% a year against +14.4% for the S&P 500, 6.3 points a year behind. Its worst fall was 67.9%, from Feb 12, 2021 to Nov 9, 2022. The S&P 500's worst fall over the test was 33.7%.
Copied Feb 18, 2020 to Nov 9, 2026 · SEC 13F filings and daily closes
What $10,000 became
- Copying Tiger Global$16,844
- S&P 500$24,639
- Bought their first portfolio and never traded$19,230
If you had bought their first portfolio and never traded, you would have ended at $19,230, so following every move cost $2,387.
- $10,000 copied
- $16,843
- +68.4%, +8.1% a year
- In the S&P 500
- $24,639
- +146.4%, +14.4% a year
- No trading
- $19,230
- Bought their first portfolio and never traded
- Worst fall
- −67.9%
- Feb 12, 2021 to Nov 9, 2022
- Trades
- 326
- 186 buys, 140 sales over 27 filings; about 60% of the copy traded a year
The moves that made the most
- METAMeta Platforms+$2,968
Held since Feb 2020, the stock up 197%
- MSFTMicrosoft+$1,490
Held since Feb 2020, the stock up 209%
- AMZNAmazon.com+$1,065
Held since Feb 2020, the stock up 148%
- GOOGLAlphabet+$965
Held since Feb 2020, the stock up 233%
- NVDANVIDIA+$801
Held since May 2023, the stock up 514%
Held since Nov 2022, the stock up 457%
The moves that cost the most
Held from Nov 2024 to May 2026, the stock down 63%
- DOCUDocuSign−$414
Held from Feb 2020 to Aug 2022, the stock down 19%
- RNGRingcentral−$355
Held from Feb 2020 to Feb 2023, the stock down 80%
- PDDPdd Holdings−$351
Held from Feb 2020 to Aug 2025
- CBRSCerebras Systems−$332
Held since Aug 2026, the stock down 62%
- SHOPShopify−$277
Held from Feb 2020 to Aug 2023
Year by year
| Year | Copy | S&P 500 | Gap, pts |
|---|---|---|---|
| 2020from Feb 2020 | +71.9% | +13.1% | +58.8 |
| 2021 | −13.6% | +28.7% | −42.3 |
| 2022 | −52.0% | −18.2% | −33.8 |
| 2023 | +53.8% | +26.2% | +27.6 |
| 2024 | +45.6% | +24.9% | +20.7 |
| 2025 | +20.4% | +17.7% | +2.6 |
| 2026to Nov 2026 | −12.3% | +11.5% | −23.8 |
A historical test on paper, before costs and taxes. It trades at the close of the first trading day after each filing comes out, up to 45 days after the quarter, and skips delisted companies, which flatters it.