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 |
SpaceX
SPCX
|
+$3.15B |
| 2 |
Micron Technology
MU
|
+$2.23B |
| 3 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
26
Netflix
NFLX
$279B
| $336M | 0.69% |
4,710,420
-2,183,140
| -32% | -$192M |
2013 Q2
52 quarters
|
|
27
Alphabet (Google) Class C
GOOG
$3.92T
| $321M | 0.66% |
908,395
-207,490
| -19% | -$74.2M |
2025 Q3
3 quarters
|
|
28
Intuitive Surgical
ISRG
$157B
| $316M | 0.65% |
793,704
-61,521
| -7% | -$26.9M |
2023 Q3
11 quarters
|
|
29
First Citizens BancShares
FCNCA
$24.8B
| $290M | 0.6% |
139,498
| – | – |
2023 Q1
13 quarters
|
|
30
Vertiv
VRT
$75.3B
| $270M | 0.56% |
806,594
-175,039
| -18% | -$55.5M |
2025 Q4
2 quarters
|
|
31
Qualcomm
QCOM
$185B
| $256M | 0.53% |
1,387,312
| – | – |
2026 Q1
1 quarter
|
|
32
Carvana
CVNA
$64.6B
| $216M | 0.44% |
3,278,865
-126,135
| -4% | -$8.92M |
2025 Q1
5 quarters
|
|
33
MasTec
MTZ
$13.8B
| $215M | 0.44% |
517,250
-66,347
| -11% | -$25.4M |
2025 Q4
2 quarters
|
|
34
Caris Life Sciences
CAI
$8.96B
| $175M | 0.36% |
9,819,992
| – | – |
2025 Q2
4 quarters
|
|
|
35
Synopsys
SNPS
$81B
| $142M | 0.29% |
317,465
-444,295
| -58% | -$209M |
2025 Q3
3 quarters
|
|
36
Generac Holdings
GNRC
$11.1B
| $114M | 0.24% |
390,513
| – | – |
2025 Q4
2 quarters
|
|
37
Sprouts Farmers Market
SFM
$6.42B
| $102M | 0.21% |
1,203,773
| – | – |
2025 Q4
2 quarters
|
|
38
DoorDash
DASH
$80.6B
| $96.8M | 0.2% |
524,792
-27,016
| -5% | -$4.47M |
2024 Q3
7 quarters
|
|
39
Enphase Energy
ENPH
$4.14B
| $76.7M | 0.16% |
1,556,941
-90,952
| -6% | -$4.14M |
2026 Q1
1 quarter
|
|
40
Booz Allen Hamilton
BAH
$9.45B
| $65.7M | 0.14% |
+1,083,410
| New | +$82.7M |
2026 Q2
0 quarters
|
|
41
Advanced Micro Devices
AMD
$829B
| $55.8M | 0.11% |
+95,987
| New | +$39.4M |
2026 Q2
0 quarters
|
|
42
PayPal
PYPL
$49.2B
| $53.7M | 0.11% |
1,243,590
| – | – |
2016 Q1
41 quarters
|
|
43
Novavax
NVAX
$1.65B
| $36.1M | 0.07% |
3,836,986
| – | – |
2026 Q1
1 quarter
|
|
44
Comfort Systems
FIX
$45B
| $35.3M | 0.07% |
+17,793
| New | +$32.3M |
2026 Q2
0 quarters
|
|
45
QuantumScape Corp
QS
$2.57B
| $32.5M | 0.07% |
4,294,995
| – | – |
2025 Q1
5 quarters
|
|
46
Upstart Holdings
UPST
$2.32B
| $30.9M | 0.06% |
870,947
| – | – |
2026 Q1
1 quarter
|
|
47
Argan
AGX
$4.63B
| $28.8M | 0.06% |
+36,101
| New | +$24M |
2026 Q2
0 quarters
|
|
48
Tesla
TSLA
$1.48T
| $25.2M | 0.05% |
59,963
+1,125
| +2% | +$447K |
2020 Q1
25 quarters
|
|
49
Pinterest
PINS
$13B
| $25.2M | 0.05% |
1,197,780
-480,984
| -29% | -$9.7M |
2026 Q1
1 quarter
|
|
50
Trade Desk
TTD
$6.22B
| $25.1M | 0.05% |
1,387,089
| – | – |
2026 Q1
1 quarter
|
|
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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.