Tiger Global Managementhas increased its stake in tech giants on Wall Street while simultaneously cutting its stake in someof the Chinese EV players, according to its SEC filings.

Tiger Global has loaded up on over 845,000 shares ofMicrosoft CorporationMSFT during the third quarter, taking its holdings to over $1.39 billion. The company also picked up over 3.26 million Class A shares ofAlphabet IncGOOGL GOOG in Q3 taking its holding to over $523 million.

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Shares of Microsoft are down over 27% this year, while Alphabet shares have lost over 34%.

The investment firm also bought shares of ride-hailing companyUber Technologies IncUBER and stocks ofBitcoin-focused BTC/USD fintech firmBlock IncSQ during the quarter.

China Companies:Tiger Global has entirely sold off its stake in Chinese EV playerXpeng IncXPEV as it offloaded over 4.35 million shares of the company.

The firm also trimmed its stake in Chinese e-commerce giantJD.Com IncJD having sold over 660,000 shares in Q3 to bring down its holding to just above $1.5 billion, SEC filings show. The long-time China investor reportedly paused investing in China equities as the companyre-examined its exposure to the countryfollowing Xi Jinpings historic re-election for a third term.

Tiger executives, including founderCharles Chase Coleman, have told others that Xis re-election and his selection of loyalists for the Communist Partys leadership could lead to a rise in geopolitical tensions and the countrys Zero-COVID policy may continue.

Despite these apprehensions, Tiger Global raised its stake inLi Auto IncLI during the quarter, the SEC filings show.

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