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 |
JD.com
JD
|
+$390M |
| 2 |
Tesla
TSLA
|
+$333M |
| 3 |
Wolfspeed
WOLF
|
+$216M |
| 4 |
CrowdStrike
CRWD
|
+$180M |
| 5 |
Lam Research
LRCX
|
+$145M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ServiceNow
NOW
|
+$831M |
| 2 |
Mastercard
MA
|
+$624M |
| 3 |
Adobe
ADBE
|
+$475M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$415M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$400M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.06% |
| 2 | Consumer Discretionary | 27.55% |
| 3 | Communication Services | 23.16% |
| 4 | Healthcare | 5.63% |
| 5 | Financials | 5.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Middleby
MIDD
$6.05B
| – | – |
-7,988
| Closed | -$875K |
|
302
McCormick & Company Non-Voting
MKC
$13.4B
| – | – |
-68,142
| Closed | -$5.78M |
|
303
MKS Inc
MKSI
$22.2B
| – | – |
-3,537
| Closed | -$389K |
|
304
MarketAxess Holdings
MKTX
$4.15B
| – | – |
-2,547
| Closed | -$966K |
|
305
3M
MMM
$89B
| – | – |
-8,026
| Closed | -$1.18M |
|
306
Monro
MNRO
$525M
| – | – |
-12,952
| Closed | -$1.01M |
|
307
Molina Healthcare
MOH
$10.3B
| – | – |
-3,835
| Closed | -$520K |
|
308
Merck
MRK
$324B
| – | – |
-11,548
| Closed | -$1M |
|
309
MSC Industrial Direct
MSM
$7.02B
| – | – |
-7,189
| Closed | -$564K |
|
310
Murphy Oil
MUR
$5.58B
| – | – |
-15,970
| Closed | -$428K |
|
311
Navient
NAVI
$774M
| – | – |
-11,861
| Closed | -$162K |
|
312
Neurocrine Biosciences
NBIX
$17.7B
| – | – |
-2,541
| Closed | -$273K |
|
313
National Fuel Gas
NFG
$7.84B
| – | – |
-14,623
| Closed | -$681K |
|
314
Nektar Therapeutics
NKTR
$2.39B
| – | – |
-1,475
| Closed | -$478K |
|
315
NNN REIT
NNN
$9.39B
| – | – |
-9,503
| Closed | -$510K |
|
316
Northrop Grumman
NOC
$77B
| – | – |
-584
| Closed | -$201K |
|
317
Nu Skin
NUS
$247M
| – | – |
-7,816
| Closed | -$320K |
|
318
Realty Income
O
$61.2B
| – | – |
-5,630
| Closed | -$402K |
|
319
Owens Corning
OC
$11.5B
| – | – |
-8,145
| Closed | -$530K |
|
320
Old Dominion Freight Line
ODFL
$48.5B
| – | – |
-11,346
| Closed | -$718K |
|
321
Olin
OLN
$2.64B
| – | – |
-17,905
| Closed | -$309K |
|
322
Old Republic International
ORI
$10.3B
| – | – |
-13,988
| Closed | -$313K |
|
323
Oxford Industries
OXM
$577M
| – | – |
-4,316
| Closed | -$326K |
|
324
Occidental Petroleum
OXY
$57B
| – | – |
-14,143
| Closed | -$583K |
|
325
Bank OZK
OZK
$5.49B
| – | – |
-18,086
| Closed | -$552K |
|
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Philippe Laffont's Q1 2020 Portfolio in Review
As of Q1 2020, Philippe Laffont held 449 positions worth $7.89B, down 37% from $12.6B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Philippe Laffont withdrew a net $4.02B in Q1 2020, closing 299 positions and reducing 60 holdings. Its most notable exit was Activision Blizzard, an estimated $321M position sold in full.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 41% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Philippe Laffont opened a new position in JD.com worth $395M.
- Philippe Laffont's largest Q1 2020 buy was JD.com: 9,752,558 shares worth $395M.
- Philippe Laffont added most to Nike in Q1 2020, an estimated $128M increase.
- Philippe Laffont's biggest Q1 2020 reduction was ServiceNow, cutting an estimated $831M.
- Philippe Laffont fully exited Activision Blizzard in Q1 2020, selling an estimated $321M.
- Philippe Laffont's ten largest holdings make up 56% of its $7.89B portfolio in Q1 2020.
- Philippe Laffont opened 66 new positions and closed 299 in Q1 2020.
- Philippe Laffont's portfolio value fell 37% quarter-over-quarter to $7.89B.
Based on Coatue Management's 13F filing for Q1 2020, filed 15 May 2020.