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 | |
|---|---|---|---|---|---|---|
426
Kimberly-Clark
KMB
$36.4B
| – | – |
-4,307
| Closed | -$612K |
|
427
Coca-Cola
KO
$354B
| – | – |
-14,131
| Closed | -$769K |
|
428
Kontoor Brands
KTB
$4.62B
| – | – |
-26,524
| Closed | -$931K |
|
429
Las Vegas Sands
LVS
$30.5B
| – | – |
-136,932
| Closed | -$7.91M |
|
430
MongoDB
MDB
$24B
| – | – |
-8,022
| Closed | -$966K |
|
431
Mercado Libre
MELI
$91.3B
| – | – |
-15,090
| Closed | -$8.32M |
|
432
Marvell Technology
MRVL
$174B
| – | – |
-325,593
| Closed | -$8.13M |
|
|
433
Motorola Solutions
MSI
$69.4B
| – | – |
-1,592,277
| Closed | -$271M |
|
434
Match Group
MTCH
$8.84B
| – | – |
-105,378
| Closed | -$7.53M |
|
435
Noodles & Co
NDLS
$90.5M
| – | – |
-3,631
| Closed | -$164K |
|
436
NetEase
NTES
$76.5B
| – | – |
-2,906,690
| Closed | -$155M |
|
437
New York Times
NYT
$11.6B
| – | – |
-322,740
| Closed | -$9.19M |
|
438
Ollie's Bargain Outlet
OLLI
$4.01B
| – | – |
-87,241
| Closed | -$5.12M |
|
439
O'Reilly Automotive
ORLY
$72.4B
| – | – |
-23,475
| Closed | -$624K |
|
440
PagSeguro Digital
PAGS
$2.57B
| – | – |
-120,024
| Closed | -$5.56M |
|
441
PepsiCo
PEP
$186B
| – | – |
-9,885
| Closed | -$1.35M |
|
442
Children's Place
PLCE
$53.6M
| – | – |
-45,564
| Closed | -$3.51M |
|
443
RH
RH
$3.3B
| – | – |
-23,336
| Closed | -$3.99M |
|
444
Ralph Lauren
RL
$22.2B
| – | – |
-47,467
| Closed | -$4.53M |
|
445
Sally Beauty Holdings
SBH
$1.4B
| – | – |
-279,451
| Closed | -$4.16M |
|
|
SHOE
446
Shoe Station Group
SHOE
$395M
| – | – |
-93,636
| Closed | -$1.52M |
|
447
Steven Madden
SHOO
$3.12B
| – | – |
-139,662
| Closed | -$5M |
|
448
ScottsMiracle-Gro
SMG
$4.03B
| – | – |
-19,046
| Closed | -$1.94M |
|
449
Spotify
SPOT
$99.2B
| – | – |
-64,779
| Closed | -$7.38M |
|
450
Sportsman's Warehouse
SPWH
$43.7M
| – | – |
-113,853
| Closed | -$590K |
|
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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.