한 줄 결론
2026-05-15 SEC 공시 — 양대 *Tiger Cub* (Julian Robertson 의 Tiger Management 출신) Q1 2026 13F. Tiger Global (Chase Coleman) $22.85B / 54 holdings, Coatue Management (Philippe Laffont) $29.06B / 50+ holdings. Tiger Global Top 5 = GOOGL 13.38%·NVDA 9.17%·AMZN 9.12%·TSM 8.23%·META 7.73%. Coatue Top 5 = TSM 10.8%·GEV 7.73%·LRCX 7.39%·AMAT 6.17%·AVGO 5.86%. 공통점 — *megacap tech + AI 인프라* heavy, 50개 미만 concentrated. 차이 — Tiger Global = *internet platform* (GOOGL·AMZN·META·SE·CPNG) 강조, Coatue = *AI 반도체* (TSM·LRCX·AMAT·AVGO·NVDA) 강조. Q1 Tiger Global 신규 — NOW·NFLX·CPNG 증액. Coatue 신규 — NFLX·AMAT·NTRA·DASH·SPOT 증액. 한인 투자자 — *concentrated Top 10* 복제 권장.
Tiger Global Q1 2026 13F Top 20 (FACT)
| 순위 | 티커 | 회사 | 가치 | 비중 |
|---|
| 1 | GOOGL | Alphabet Inc | $3.06B | 13.4% |
| 2 | NVDA | Nvidia Corporation | $2.09B | 9.2% |
| 3 | AMZN | Amazon.com Inc | $2.08B | 9.1% |
| 4 | TSM | Taiwan Semiconductor | $1.88B | 8.2% |
| 5 | META | Meta Platforms | $1.77B | 7.7% |
| 6 | SE | Sea Ltd (Shopee) | $1.28B | 5.6% |
| 7 | AVGO | Broadcom Inc | $1.11B | 4.9% |
| 8 | MSFT | Microsoft Corp | $925M | 4.0% |
| 9 | GEV | GE Vernova | $849M | 3.7% |
| 10 | LRCX | Lam Research | $833M | 3.6% |
| 11 | SPOT | Spotify Technology | $767M | 3.4% |
| 12 | CPNG | Coupang Inc | $653M | 2.9% |
| 13 | AMAT | Applied Materials | $566M | 2.5% |
| 14 | CPAY | Corpay Inc | $510M | 2.2% |
| 15 | APP | AppLovin Corp | $398M | 1.7% |
| 16 | TTWO | Take-Two Interactive | $395M | 1.7% |
| 17 | APO | Apollo Global Mgmt | $367M | 1.6% |
| 18 | RDDT | Reddit Inc | $337M | 1.5% |
| 19 | Z | Zillow Group | $305M | 1.3% |
| 20 | XYZ | Block Inc | $241M | 1.1% |
Coatue Management Q1 2026 13F Top 20 (FACT)
| 순위 | 티커 | 회사 | 가치 | 비중 |
|---|
| 1 | TSM | Taiwan Semiconductor | $3.14B | 10.8% |
| 2 | GEV | GE Vernova | $2.25B | 7.73% |
| 3 | LRCX | Lam Research | $2.15B | 7.39% |
| 4 | AMAT | Applied Materials | $1.79B | 6.17% |
| 5 | AVGO | Broadcom Inc | $1.70B | 5.86% |
| 6 | ETN | Eaton Corp | $1.70B | 5.85% |
| 7 | AMZN | Amazon.com | $1.65B | 5.68% |
| 8 | META | Meta Platforms | $1.61B | 5.54% |
| 9 | CEG | Constellation Energy | $1.29B | 4.45% |
| 10 | GOOGL | Alphabet Inc | $1.24B | 4.27% |
| 11 | NVDA | Nvidia Corporation | $1.10B | 3.80% |
| 12 | EQIX | Equinix Inc (Data Center) | $1.07B | 3.68% |
| 13 | MSFT | Microsoft Corp | $918M | 3.16% |
| 14 | NFLX | Netflix Inc | $663M | 2.28% |
| 15 | ASML | ASML Holding NV | $655M | 2.26% |
| 16 | SPOT | Spotify Technology | $641M | 2.20% |
| 17 | APP | AppLovin Corp | $513M | 1.77% |
| 18 | NTRA | Natera Inc (genomics) | $508M | 1.75% |
| 19 | NU | Nu Holdings (브라질) | $422M | 1.45% |
| 20 | ISRG | Intuitive Surgical | $394M | 1.36% |
Q1 주요 변동 비교
| 지표 | Tiger Global | Coatue |
|---|
| 대표 매수 증액 | NOW +$280M, CPNG +$246M, NFLX +$210M | NFLX +$960M, AMAT +$677M, NTRA +$564M, DASH +$433M |
| 대표 매도 | MSFT -$519M, APP -$478M, TSM -$259M, AMZN -$238M, LRCX -$233M | — |
| 신규 진입 | WLTH, XYZ (Block) | MRNA, GNRC, MCO, CHRW, EXPD, AXON, SPGI, SFM, MTZ, INFY |
| 완전 청산 | MDB (MongoDB), TFIN, VIA | — |
| Top 10 비중 | ~70% | ~59% |
Tiger Cub 가계도 (FACT)
- Julian Robertson — Tiger Management 1980 설립, 2000 청산, 후학 양성 (Tiger Cub)
- Tiger Global Management — Chase Coleman III, 2001 설립, growth/internet 집중, 한때 $100B+ AUM
- Coatue Management — Philippe Laffont, 1999 설립, 가장 *technology-focused*
- Lone Pine Capital — Stephen Mandel, growth-at-reasonable-price
- Viking Global — Andreas Halvorsen, balanced long/short
- Maverick Capital — Lee Ainslie, value-tilted
- Tiger Global Crossover Fund — Tiger Global 의 *private + public* hybrid, 2021 peak 후 mark-down 대규모
한인 따라하기 가이드 [INFERENCE]
- Tiger Global Top 6 복제 — GOOGL·NVDA·AMZN·TSM·META·SE = 한국·동남아 노출 (CPNG·SE) 포함, 한인 친숙
- Coatue *AI 반도체* 강조 — TSM·LRCX·AMAT·AVGO·ASML = *AI capex* 직접 노출, 반도체 ETF (SMH) 대안
- CPNG (Coupang) — Tiger Global 의 *한국 대표* 베팅, 12위 $653M (2.9%)
- SE (Shopee) — Tiger Global 의 *동남아* 베팅, 한인 가족 동남아 거주 시 친숙
- concentrated 학습 — Top 10 = 70%/59% = *대상 종목 적게, 집중* 전략 정당화
- 대안 ETF — XLK (S&P Tech), SMH (반도체), VGT (Vanguard Info Tech), QQQ
- private 부분 — Tiger Global·Coatue 모두 venture (Stripe·OpenAI·xAI 등) 보유, 13F 미공개
출처 (FACT, 2026-05-17 접근)
면책: Tiger Global·Coatue 의 *private/venture* 포지션은 13F 에 포함되지 않음 (Stripe·OpenAI·xAI 등 비상장). 2022 Tiger Global *mark-down* 으로 LP 대규모 환매 (-$10B+). Coatue 의 venture fund 도 2022 후 일부 mark-down. 본 글은 정보 제공이며 매매 권유 아님.
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