Philippe Laffont Coatue Management
Philippe Laffont is the founder of Coatue Management, a technology-focused hedge fund that has grown into one of the most prominent investors in the sector. A protégé of Julian Robertson, he is one of the so-called “Tiger Cubs” who launched their own funds after working at Tiger Management. Laffont’s investment approach centers on deep research into technology, media, and telecommunications companies, spanning both public markets and private venture investments. He is known for backing innovative, high-growth businesses and for his early conviction in transformative technology trends.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPCX
SpaceX
SPCX
|
+$3.15B |
| 2 |
Micron Technology
MU
|
+$2.23B |
| 3 |
CBRS
Cerebras Systems
CBRS
|
+$1.65B |
| 4 |
Intel
INTC
|
+$1.22B |
| 5 |
Amazon
AMZN
|
+$980M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$477M |
| 2 |
ASML
ASML
|
+$320M |
| 3 |
Visa
V
|
+$217M |
| 4 |
Synopsys
SNPS
|
+$209M |
| 5 |
Netflix
NFLX
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 49.21% |
| 2 | Industrials | 20.93% |
| 3 | Communication Services | 11.49% |
| 4 | Consumer Discretionary | 6.61% |
| 5 | Financials | 3.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
TSMC
TSM
$2.22T
| $4.26B | 8.76% |
8,914,995
-368,552
| -4% | -$150M |
|
2
Lam Research
LRCX
$385B
| $4.09B | 8.41% |
9,441,603
-601,902
| -6% | -$183M |
|
|
3
Micron Technology
MU
$1.15T
| $3.63B | 7.46% |
3,142,269
+2,976,338
| +1,794% | +$2.23B |
|
|
SPCX
4
SpaceX
SPCX
$1.95T
| $3.17B | 6.52% |
+18,561,780
| New | +$3.15B |
|
|
5
Applied Materials
AMAT
$361B
| $3.05B | 6.26% |
4,213,483
-1,034,719
| -20% | -$477M |
|
6
GE Vernova
GEV
$251B
| $3.01B | 6.18% |
2,558,164
-14,194
| -0.6% | -$14.5M |
|
|
7
Amazon
AMZN
$2.79T
| $2.82B | 5.8% |
11,834,799
+3,904,033
| +49% | +$980M |
|
8
Broadcom
AVGO
$1.7T
| $2.21B | 4.54% |
5,846,831
+342,979
| +6% | +$138M |
|
9
Eaton
ETN
$160B
| $2.12B | 4.35% |
4,968,415
+219,917
| +5% | +$88.7M |
|
10
Alphabet (Google) Class A
GOOGL
$4.14T
| $1.74B | 3.57% |
4,856,251
+542,825
| +13% | +$195M |
|
|
11
Intel
INTC
$506B
| $1.69B | 3.47% |
+12,084,027
| New | +$1.22B |
|
|
CBRS
12
Cerebras Systems
CBRS
$49.9B
| $1.55B | 3.19% |
+7,011,028
| New | +$1.65B |
|
13
Meta Platforms (Facebook)
META
$1.57T
| $1.42B | 2.93% |
2,526,048
-286,008
| -10% | -$175M |
|
14
Equinix
EQIX
$102B
| $1.33B | 2.73% |
1,273,517
+182,631
| +17% | +$195M |
|
15
NVIDIA
NVDA
$5.56T
| $1.21B | 2.49% |
6,055,197
-276,423
| -4% | -$56.8M |
|
16
Constellation Energy
CEG
$106B
| $1.15B | 2.37% |
4,632,475
| – | – |
|
|
FPS
17
Forgent Power Solutions
FPS
$8.15B
| $1.15B | 2.36% |
+20,501,387
| New | +$936M |
|
|
HUT
18
Hut 8
HUT
$11.5B
| $1.12B | 2.31% |
+9,715,476
| New | +$942M |
|
19
Microsoft
MSFT
$3.71T
| $1.1B | 2.25% |
2,936,409
+456,392
| +18% | +$185M |
|
20
Natera
NTRA
$47.3B
| $680M | 1.4% |
2,505,090
-36,752
| -1% | -$7.84M |
|
21
Applovin
APP
$107B
| $603M | 1.24% |
1,171,189
-118,819
| -9% | -$57.3M |
|
22
Spotify
SPOT
$112B
| $602M | 1.24% |
1,310,632
-10,282
| -0.8% | -$4.9M |
|
|
23
ASML
ASML
$659B
| $588M | 1.21% |
295,406
-200,828
| -40% | -$320M |
|
24
Reddit
RDDT
$29.7B
| $484M | 1% |
2,789,891
| – | – |
|
25
Nu Holdings
NU
$74.2B
| $392M | 0.81% |
29,333,576
| – | – |
|
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Philippe Laffont's Q2 2026 Portfolio in Review
As of Q2 2026, Philippe Laffont held 71 positions worth $48.6B, up 67% from $29.1B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Philippe Laffont deployed $9.41B of net new capital in Q2 2026, opening 9 new positions and adding to 8 existing holdings. Its largest new stake was SpaceX: 18,561,780 shares worth $3.17B.
By sector, the portfolio is most concentrated in Technology at 49% of assets, up from 42% a quarter earlier, followed by Industrials and Communication Services.
On the sell side, the largest reduction was Applied Materials, an estimated $477M trimmed.
- Philippe Laffont's largest Q2 2026 buy was SpaceX: 18,561,780 shares worth $3.17B.
- Philippe Laffont added most to Micron Technology in Q2 2026, an estimated $2.23B increase.
- Philippe Laffont's biggest Q2 2026 reduction was Applied Materials, cutting an estimated $477M.
- Philippe Laffont fully exited Visa in Q2 2026, selling an estimated $217M.
- Philippe Laffont's ten largest holdings make up 62% of its $48.6B portfolio in Q2 2026.
- Philippe Laffont opened 9 new positions and closed 5 in Q2 2026.
- Philippe Laffont's portfolio value rose 67% quarter-over-quarter to $48.6B.
Based on Coatue Management's 13F filing for Q2 2026, filed 14 Aug 2026.