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 |
TWTR
Twitter, Inc.
TWTR
|
+$534M |
| 2 |
NVIDIA
NVDA
|
+$308M |
| 3 |
RingCentral
RNG
|
+$279M |
| 4 |
Dynatrace
DT
|
+$208M |
| 5 |
SMAR
Smartsheet Inc.
SMAR
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$372M |
| 2 |
Global Payments
GPN
|
+$274M |
| 3 |
Motorola Solutions
MSI
|
+$271M |
| 4 |
Uber
UBER
|
+$233M |
| 5 |
XYZ
Block Inc
XYZ
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.61% |
| 2 | Communication Services | 26.33% |
| 3 | Consumer Discretionary | 13.91% |
| 4 | Financials | 8.13% |
| 5 | Healthcare | 5.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
BGC Group
BGC
$5.58B
| $119K | ﹤0.01% |
+19,954
| New | +$113K |
|
|
TUP
377
DELISTED
Tupperware Brands Corporation
TUP
| $118K | ﹤0.01% |
+13,798
| New | +$150K |
|
|
AAMI
378
Acadian Asset Management
AAMI
$2.88B
| $102K | ﹤0.01% |
+10,005
| New | +$97.6K |
|
|
TDAY
379
USA Today Co
TDAY
$1.23B
| $98K | ﹤0.01% |
+15,431
| New | +$113K |
|
|
GNC
380
DELISTED
GNC Holdings, Inc.
GNC
| $68K | ﹤0.01% |
+25,011
| New | +$66.8K |
|
381
W&T Offshore
WTI
$545M
| $61K | ﹤0.01% |
+10,984
| New | +$48.9K |
|
382
Pitney Bowes
PBI
$2.42B
| $41K | ﹤0.01% |
+10,250
| New | +$47K |
|
383
Clear Channel Outdoor Holdings
CCO
$1.23B
| $38K | ﹤0.01% |
+13,326
| New | +$33.7K |
|
384
American Eagle Outfitters
AEO
$2.85B
| – | – |
-224,061
| Closed | -$3.63M |
|
385
Albemarle
ALB
$13.5B
| – | – |
-703,045
| Closed | -$48.9M |
|
386
AutoZone
AZO
$48.3B
| – | – |
-684
| Closed | -$742K |
|
387
Bath & Body Works
BBWI
$4.01B
| – | – |
-137,150
| Closed | -$2.17M |
|
388
Best Buy
BBY
$18B
| – | – |
-20,612
| Closed | -$1.42M |
|
389
Bilibili
BILI
$7.18B
| – | – |
-478,183
| Closed | -$6.75M |
|
390
Booking.com
BKNG
$138B
| – | – |
-100,025
| Closed | -$7.85M |
|
391
Cal-Maine
CALM
$4.28B
| – | – |
-17,862
| Closed | -$714K |
|
392
Central Garden & Pet Co Class A
CENTA
$2.41B
| – | – |
-86,115
| Closed | -$1.91M |
|
393
Coty
COTY
$2.33B
| – | – |
-25,753
| Closed | -$271K |
|
394
Capri Holdings
CPRI
$1.77B
| – | – |
-133,638
| Closed | -$4.43M |
|
395
CVS Health
CVS
$137B
| – | – |
-5,664
| Closed | -$357K |
|
396
3D Systems Corp
DDD
$420M
| – | – |
-961,067
| Closed | -$7.83M |
|
397
Dillards
DDS
$8.87B
| – | – |
-185,882
| Closed | -$12.3M |
|
398
Duluth Holdings
DLTH
$160M
| – | – |
-85,136
| Closed | -$722K |
|
399
DexCom
DXCM
$27.6B
| – | – |
-1,812,252
| Closed | -$67.6M |
|
400
8x8 Inc
EGHT
$247M
| – | – |
-163,774
| Closed | -$3.39M |
|
Similar funds
Philippe Laffont's Q4 2019 Portfolio in Review
As of Q4 2019, Philippe Laffont held 483 positions worth $12.6B, up 7.7% from $11.7B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Philippe Laffont withdrew a net $514M in Q4 2019, closing 100 positions and reducing 69 holdings. Its most notable exit was Motorola Solutions, an estimated $271M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 40% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in Xerox worth $72.7M.
- Philippe Laffont's largest Q4 2019 buy was Xerox: 1,971,876 shares worth $72.7M.
- Philippe Laffont added most to Twitter, Inc. in Q4 2019, an estimated $534M increase.
- Philippe Laffont's biggest Q4 2019 reduction was Visa, cutting an estimated $372M.
- Philippe Laffont fully exited Motorola Solutions in Q4 2019, selling an estimated $271M.
- Philippe Laffont's ten largest holdings make up 54% of its $12.6B portfolio in Q4 2019.
- Philippe Laffont opened 268 new positions and closed 100 in Q4 2019.
- Philippe Laffont's portfolio value rose 7.7% quarter-over-quarter to $12.6B.
Based on Coatue Management's 13F filing for Q4 2019, filed 14 Feb 2020.