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 |
Microsoft
MSFT
|
+$472M |
| 2 |
American Tower
AMT
|
+$253M |
| 3 |
AGN
Allergan plc
AGN
|
+$241M |
| 4 |
JD.com
JD
|
+$212M |
| 5 |
Electronic Arts
EA
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$330M |
| 2 |
Adobe
ADBE
|
+$287M |
| 3 |
Apple
AAPL
|
+$183M |
| 4 |
Baidu
BIDU
|
+$165M |
| 5 |
LVLT
Level 3 Communications Inc
LVLT
|
+$143M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 45.98% |
| 2 | Technology | 35.57% |
| 3 | Consumer Discretionary | 5.64% |
| 4 | Real Estate | 3.85% |
| 5 | Financials | 2.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Mastercard
MA
$469B
| $87.4M | 0.83% |
+1,013,903
| New | +$82.8M |
|
|
ATVI
27
DELISTED
Activision Blizzard
ATVI
| $84M | 0.8% |
+4,166,653
| New | +$84.1M |
|
28
Amazon
AMZN
$2.51T
| $80.1M | 0.76% |
5,160,540
| – | – |
|
29
Zillow
ZG
$6.76B
| $75.5M | 0.72% |
2,139,573
-418,689
| -16% | -$15.4M |
|
|
FNSR
30
DELISTED
Finisar Corp
FNSR
| $70.9M | 0.67% |
3,653,252
-1,274
| -0% | -$21.8K |
|
|
JOYY
31
JOYY Inc
JOYY
$3.66B
| $67.9M | 0.64% |
1,089,522
| – | – |
|
|
32
Adobe
ADBE
$84.3B
| $67M | 0.63% |
921,719
-4,088,659
| -82% | -$287M |
|
33
Fidelity National Financial
FNF
$13.1B
| $63.2M | 0.6% |
+2,643,182
| New | +$56.1M |
|
|
HAPN
34
Happen Inc
HAPN
$2.07B
| $47.5M | 0.45% |
+375,687
| New | +$47.4M |
|
35
SiriusXM
SIRI
$10.1B
| $39.4M | 0.37% |
1,124,302
| – | – |
|
36
3D Systems Corp
DDD
$423M
| $34.3M | 0.33% |
1,044,610
-465,938
| -31% | -$16.8M |
|
37
Trinity Industries
TRN
$2.92B
| $27.3M | 0.26% |
+1,355,786
| New | +$32.7M |
|
|
SLCA
38
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $21.3M | 0.2% |
+828,810
| New | +$32.7M |
|
|
CRR
39
DELISTED
Carbo Ceramics Inc.
CRR
| $20.3M | 0.19% |
+506,901
| New | +$23.7M |
|
40
Illumina
ILMN
$29.8B
| $20.3M | 0.19% |
+113,019
| New | +$19.9M |
|
|
JOY
41
DELISTED
Joy Global Inc
JOY
| $18.6M | 0.18% |
400,000
| – | – |
|
42
GoPro
GPRO
$119M
| $14.9M | 0.14% |
236,094
-2,956
| -1% | -$218K |
|
|
SDRL
43
DELISTED
Seadrill Limited Common Stock
SDRL
| $11.6M | 0.11% |
+3,633
| New | +$18.2M |
|
|
KING
44
DELISTED
KING DIGITAL ENTMT PLC ORD SHS (IRL)
KING
| $11.4M | 0.11% |
739,610
+414,450
| +127% | +$5.89M |
|
|
SVU
45
DELISTED
SUPERVALU Inc.
SVU
| $10.2M | 0.1% |
150,186
| – | – |
|
|
NTRI
46
DELISTED
NutriSystem, Inc.
NTRI
| $9.38M | 0.09% |
479,848
-155,037
| -24% | -$2.76M |
|
|
MOMO
47
Hello Group
MOMO
$870M
| $6.66M | 0.06% |
+555,000
| New | +$7.21M |
|
|
ATML
48
DELISTED
ATMEL CORP
ATML
| $5.57M | 0.05% |
664,000
| – | – |
|
|
MBLY
49
DELISTED
Mobileye N.V.
MBLY
| $4.61M | 0.04% |
+113,747
| New | +$5.34M |
|
|
QUOT
50
DELISTED
Quotient Technology Inc
QUOT
| $3.89M | 0.04% |
219,109
| – | – |
|
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Philippe Laffont's Q4 2014 Portfolio in Review
As of Q4 2014, Philippe Laffont held 64 positions worth $10.6B, up 8% from $9.77B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Philippe Laffont deployed $422M of net new capital in Q4 2014, opening 16 new positions and adding to 9 existing holdings. Its largest new stake was Allergan plc: 964,155 shares worth $248M.
By sector, the portfolio is most concentrated in Communication Services at 46% of assets, down from 50% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Adobe, an estimated $287M trimmed.
- Philippe Laffont's largest Q4 2014 buy was Allergan plc: 964,155 shares worth $248M.
- Philippe Laffont added most to Microsoft in Q4 2014, an estimated $472M increase.
- Philippe Laffont's biggest Q4 2014 reduction was Adobe, cutting an estimated $287M.
- Philippe Laffont fully exited eBay in Q4 2014, selling an estimated $330M.
- Philippe Laffont's ten largest holdings make up 61% of its $10.6B portfolio in Q4 2014.
- Philippe Laffont opened 16 new positions and closed 12 in Q4 2014.
- Philippe Laffont's portfolio value rose 8% quarter-over-quarter to $10.6B.
Based on Coatue Management's 13F filing for Q4 2014, filed 17 Feb 2015.