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Philippe Laffont

Philippe Laffont Coatue Management

AUM $29.1B
1-Year Est. Return 96.54%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+6.44%
1 Year Est. Return
+96.54%
3 Year Est. Return
+364.45%
5 Year Est. Return
+381.24%
10 Year Est. Return
+3,977.5%
AUM
$9.77B
AUM Growth
+$1.74B
Cap. Flow
+$1.41B
Cap. Flow %
14.47%
Top 10 Hldgs %
64.63%
Holding
54
New
11
Increased
13
Reduced
14
Closed
6

Top Buys

Rank Stock Value
1
LNKD
LinkedIn Corporation
LNKD
+$584M
2
BIDU icon
Baidu
BIDU
+$477M
3
EBAY icon
eBay
EBAY
+$272M
4
LVLT
Level 3 Communications Inc
LVLT
+$139M
5
BABA icon
Alibaba
BABA
+$130M

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$212M
2
CHTR icon
Charter Communications
CHTR
+$166M
3
LBTYK icon
Liberty Global Class C
LBTYK
+$80.7M
4
TWX
Time Warner Inc
TWX
+$77.5M
5
LBTYA icon
Liberty Global Class A
LBTYA
+$74.8M

Sector Composition

Rank Sector Weight
1 Communication Services 49.93%
2 Technology 34.73%
3 Consumer Discretionary 7.81%
4 Industrials 2.82%
5 Consumer Staples 2.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZG icon
26
Zillow
ZG
$6.76B
$98.9M 1.01%
+2,558,262
New +$116M
AMZN icon
27
Amazon
AMZN
$2.51T
$83.2M 0.85%
5,160,540
– –
JOYY
28
JOYY Inc
JOYY
$3.66B
$81.6M 0.83%
1,089,522
-411,526
-27% -$33.5M
DDD icon
29
3D Systems Corp
DDD
$423M
$70M 0.72%
1,510,548
+606,584
+67% +$31.6M
FNSR
30
DELISTED
Finisar Corp
FNSR
$60.8M 0.62%
3,654,526
– –
VIPS icon
31
Vipshop
VIPS
$6.92B
$59.8M 0.61%
+3,163,580
New +$65.2M
SIRI icon
32
SiriusXM
SIRI
$10.1B
$39.2M 0.4%
1,124,302
– –
EQIX icon
33
Equinix
EQIX
$102B
$36M 0.37%
+169,500
New +$36.4M
NOK icon
34
Nokia
NOK
$54.3B
$31.9M 0.33%
+3,773,270
New +$30.4M
SUNE
35
DELISTED
SUNEDISON, INC COM
SUNE
$28.3M 0.29%
1,500,883
+1,068,875
+247% +$22.9M
GPRO icon
36
GoPro
GPRO
$119M
$22.4M 0.23%
+239,050
New +$12.2M
JOY
37
DELISTED
Joy Global Inc
JOY
$21.8M 0.22%
400,000
– –
WUBA
38
DELISTED
58.com Inc
WUBA
$10.9M 0.11%
293,751
+151,311
+106% +$7M
GTAT
39
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
$10.8M 0.11%
+994,027
New +$15.2M
NTRI
40
DELISTED
NutriSystem, Inc.
NTRI
$9.76M 0.1%
634,885
– –
SVU
41
DELISTED
SUPERVALU Inc.
SVU
$9.4M 0.1%
150,186
– –
NUAN
42
DELISTED
Nuance Communications, Inc.
NUAN
$7.17M 0.07%
537,075
– –
MLNX
43
DELISTED
Mellanox Technologies, Ltd.
MLNX
$5.78M 0.06%
128,742
-809,141
-86% -$32.9M
ATML
44
DELISTED
ATMEL CORP
ATML
$5.37M 0.05%
664,000
– –
KING
45
DELISTED
KING DIGITAL ENTMT PLC ORD SHS (IRL)
KING
$4.13M 0.04%
+325,160
New +$5.33M
JMEI
46
DELISTED
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
$2.94M 0.03%
+12,500
New +$3.65M
QUOT
47
DELISTED
Quotient Technology Inc
QUOT
$2.62M 0.03%
+219,109
New +$3.87M
MCP
48
DELISTED
MOLYCORP INC COM STK
MCP
$1.33M 0.01%
1,114,900
– –
CRM icon
49
Salesforce
CRM
$129B
– –
-3,647,826
Closed -$212M
LULU icon
50
lululemon athletica
LULU
$12.6B
– –
-386,923
Closed -$15.7M
1
2
3

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Philippe Laffont's Q3 2014 Portfolio in Review

As of Q3 2014, Philippe Laffont held 54 positions worth $9.77B, up 22% from $8.03B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Philippe Laffont deployed $1.41B of net new capital in Q3 2014, opening 11 new positions and adding to 13 existing holdings. Its largest new stake was Level 3 Communications Inc: 3,122,406 shares worth $143M.

By sector, the portfolio is most concentrated in Communication Services at 50% of assets, up from 49% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Charter Communications, an estimated $166M trimmed.

  • Philippe Laffont's largest Q3 2014 buy was Level 3 Communications Inc: 3,122,406 shares worth $143M.
  • Philippe Laffont added most to LinkedIn Corporation in Q3 2014, an estimated $584M increase.
  • Philippe Laffont's biggest Q3 2014 reduction was Charter Communications, cutting an estimated $166M.
  • Philippe Laffont fully exited Salesforce in Q3 2014, selling an estimated $212M.
  • Philippe Laffont's ten largest holdings make up 65% of its $9.77B portfolio in Q3 2014.
  • Philippe Laffont opened 11 new positions and closed 6 in Q3 2014.
  • Philippe Laffont's portfolio value rose 22% quarter-over-quarter to $9.77B.

Based on Coatue Management's 13F filing for Q3 2014, filed 14 Nov 2014.