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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$364M |
| 2 |
Meta Platforms (Facebook)
META
|
+$344M |
| 3 |
Crown Castle
CCI
|
+$281M |
| 4 |
Baidu
BIDU
|
+$252M |
| 5 |
American Tower
AMT
|
+$249M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$534M |
| 2 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$415M |
| 3 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$387M |
| 4 |
Liberty Global Class A
LBTYA
|
+$313M |
| 5 |
HOUS
Anywhere Real Estate
HOUS
|
+$197M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 53.84% |
| 2 | Real Estate | 15.53% |
| 3 | Consumer Discretionary | 14.52% |
| 4 | Technology | 4.8% |
| 5 | Consumer Staples | 4.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RHT
26
DELISTED
Red Hat Inc
RHT
| $149M | 1.51% |
3,223,508
-923,000
| -22% | -$46.8M |
|
27
Tesla
TSLA
$1.26T
| $138M | 1.4% |
10,704,645
+57,780
| +0.5% | +$572K |
|
|
TWC
28
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $137M | 1.39% |
1,224,854
| – | – |
|
29
Capri Holdings
CPRI
$1.78B
| $88.2M | 0.9% |
1,183,191
+1,050,121
| +789% | +$73.2M |
|
30
Best Buy
BBY
$17.8B
| $66M | 0.67% |
1,759,469
| – | – |
|
|
SVU
31
DELISTED
SUPERVALU Inc.
SVU
| $61.7M | 0.63% |
1,071,264
| – | – |
|
|
RAX
32
DELISTED
Rackspace Hosting Inc
RAX
| $50.9M | 0.52% |
964,758
-221,110
| -19% | -$10.2M |
|
33
BlackBerry
BB
$5.06B
| $48.9M | 0.5% |
6,149,438
-141,721
| -2% | -$1.38M |
|
34
News Corp Class A
NWSA
$14.3B
| $43.3M | 0.44% |
+2,698,604
| New | +$43.1M |
|
|
NUAN
35
DELISTED
Nuance Communications, Inc.
NUAN
| $34.5M | 0.35% |
2,131,237
-183,481
| -8% | -$3.04M |
|
|
S
36
DELISTED
Sprint Corporation
S
| $33.4M | 0.34% |
+5,369,546
| New | +$35.3M |
|
|
P
37
DELISTED
Pandora Media Inc
P
| $28.4M | 0.29% |
+1,131,850
| New | +$23.2M |
|
38
Groupon
GRPN
$966M
| $24.3M | 0.25% |
108,325
-89,480
| -45% | -$17.8M |
|
|
JOY
39
DELISTED
Joy Global Inc
JOY
| $23.9M | 0.24% |
468,900
| – | – |
|
|
DNY
40
DELISTED
DONNELLEY R R & SONS CO
DNY
| $23.3M | 0.24% |
1,479,405
-11,384
| -0.8% | -$180K |
|
|
PLCM
41
DELISTED
POLYCOM INC
PLCM
| $22.4M | 0.23% |
2,049,497
| – | – |
|
|
ATML
42
DELISTED
ATMEL CORP
ATML
| $22.2M | 0.23% |
2,978,198
| – | – |
|
|
NIHD
43
DELISTED
NII HOLDINGS INC CL B
NIHD
| $20.7M | 0.21% |
3,415,697
| – | – |
|
44
Trip.com Group
TCOM
$27.1B
| $19.3M | 0.2% |
+659,838
| New | +$14.2M |
|
|
LVLT
45
DELISTED
Level 3 Communications Inc
LVLT
| $13.6M | 0.14% |
509,122
| – | – |
|
|
FIO
46
DELISTED
FUSION-IO INC COM
FIO
| $10.1M | 0.1% |
754,305
| – | – |
|
47
Logitech
LOGI
$14.8B
| $9.96M | 0.1% |
1,125,376
| – | – |
|
|
NTRI
48
DELISTED
NutriSystem, Inc.
NTRI
| $9.13M | 0.09% |
634,902
| – | – |
|
|
MCP
49
DELISTED
MOLYCORP INC COM STK
MCP
| $7.32M | 0.07% |
1,115,505
| – | – |
|
50
QuinStreet
QNST
$861M
| $4.97M | 0.05% |
526,593
| – | – |
|
Similar funds
Philippe Laffont's Q3 2013 Portfolio in Review
As of Q3 2013, Philippe Laffont held 64 positions worth $9.82B, up 8.9% from $9.02B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Philippe Laffont withdrew a net $385M in Q3 2013, closing 13 positions and reducing 15 holdings. Its most notable exit was BROADCOM CORP CL-A, an estimated $415M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 54% of assets, up from 43% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in Twenty-First Century Fox, Inc. Class A worth $387M.
- Philippe Laffont's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 11,549,151 shares worth $387M.
- Philippe Laffont added most to Crown Castle in Q3 2013, an estimated $281M increase.
- Philippe Laffont's biggest Q3 2013 reduction was Apple, cutting an estimated $534M.
- Philippe Laffont fully exited BROADCOM CORP CL-A in Q3 2013, selling an estimated $415M.
- Philippe Laffont's ten largest holdings make up 52% of its $9.82B portfolio in Q3 2013.
- Philippe Laffont opened 6 new positions and closed 13 in Q3 2013.
- Philippe Laffont's portfolio value rose 8.9% quarter-over-quarter to $9.82B.
Based on Coatue Management's 13F filing for Q3 2013, filed 14 Nov 2013.