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 |
Equinix
EQIX
|
+$446M |
| 2 |
Hilton Worldwide
HLT
|
+$232M |
| 3 |
Charter Communications
CHTR
|
+$199M |
| 4 |
Electronic Arts
EA
|
+$153M |
| 5 |
SiriusXM
SIRI
|
+$131M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LNKD
LinkedIn Corporation
LNKD
|
+$295M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$264M |
| 3 |
Microsoft
MSFT
|
+$220M |
| 4 |
Broadcom
AVGO
|
+$182M |
| 5 |
Applied Materials
AMAT
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 47.44% |
| 2 | Technology | 29.64% |
| 3 | Consumer Discretionary | 7.89% |
| 4 | Real Estate | 6.92% |
| 5 | Healthcare | 4.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Amazon
AMZN
$2.51T
| $110M | 1.05% |
5,922,620
+762,080
| +15% | +$13.4M |
|
27
Zillow
ZG
$6.76B
| $84.8M | 0.81% |
2,537,373
+397,800
| +19% | +$14.1M |
|
28
Ambarella
AMBA
$3.09B
| $72.5M | 0.69% |
+957,516
| New | +$58.1M |
|
|
29
Applied Materials
AMAT
$447B
| $50M | 0.48% |
2,218,276
-6,503,521
| -75% | -$156M |
|
|
ENDP
30
DELISTED
Endo International plc
ENDP
| $38.6M | 0.37% |
+430,000
| New | +$36M |
|
|
HAPN
31
Happen Inc
HAPN
$2.07B
| $36.8M | 0.35% |
375,033
-654
| -0.2% | -$68.1K |
|
32
Box
BOX
$3.92B
| $24.6M | 0.23% |
+1,245,000
| New | +$23.4M |
|
|
SLCA
33
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $23.8M | 0.23% |
668,604
-160,206
| -19% | -$4.68M |
|
34
Illumina
ILMN
$29.8B
| $17.7M | 0.17% |
98,277
-14,742
| -13% | -$2.78M |
|
|
JOY
35
DELISTED
Joy Global Inc
JOY
| $15.7M | 0.15% |
400,000
| – | – |
|
|
INVN
36
DELISTED
Invensense Inc
INVN
| $15.6M | 0.15% |
+1,023,353
| New | +$16.1M |
|
37
3D Systems Corp
DDD
$423M
| $14.6M | 0.14% |
532,889
-511,721
| -49% | -$15.1M |
|
|
SVU
38
DELISTED
SUPERVALU Inc.
SVU
| $12.9M | 0.12% |
158,367
+8,181
| +5% | +$587K |
|
|
NTRI
39
DELISTED
NutriSystem, Inc.
NTRI
| $12.7M | 0.12% |
634,885
+155,037
| +32% | +$2.88M |
|
40
GoPro
GPRO
$119M
| $10.2M | 0.1% |
236,094
| – | – |
|
|
KING
41
DELISTED
KING DIGITAL ENTMT PLC ORD SHS (IRL)
KING
| $9.16M | 0.09% |
570,896
-168,714
| -23% | -$2.44M |
|
|
SDRL
42
DELISTED
Seadrill Limited Common Stock
SDRL
| $9.1M | 0.09% |
3,633
| – | – |
|
|
CRR
43
DELISTED
Carbo Ceramics Inc.
CRR
| $8.19M | 0.08% |
268,304
-238,597
| -47% | -$8.37M |
|
|
EMES
44
DELISTED
Emerge Energy Services LP
EMES
| $6.29M | 0.06% |
+132,544
| New | +$6.96M |
|
|
HCR
45
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $6.2M | 0.06% |
+176,660
| New | +$6.19M |
|
|
MOMO
46
Hello Group
MOMO
$870M
| $5.88M | 0.06% |
555,000
| – | – |
|
|
ATML
47
DELISTED
ATMEL CORP
ATML
| $5.46M | 0.05% |
664,000
| – | – |
|
|
MCP
48
DELISTED
MOLYCORP INC COM STK
MCP
| $430K | ﹤0.01% |
+1,114,900
| New | +$724K |
|
49
Adobe
ADBE
$84.3B
| – | – |
-921,719
| Closed | -$67M |
|
50
Booking.com
BKNG
$134B
| – | – |
-3,273,900
| Closed | -$149M |
|
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Philippe Laffont's Q1 2015 Portfolio in Review
As of Q1 2015, Philippe Laffont held 61 positions worth $10.5B, down 0.26% from $10.6B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Philippe Laffont withdrew a net $714M in Q1 2015, closing 13 positions and reducing 20 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $264M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 47% of assets, up from 46% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in Equinix worth $459M.
- Philippe Laffont's largest Q1 2015 buy was Equinix: 1,969,381 shares worth $459M.
- Philippe Laffont added most to Charter Communications in Q1 2015, an estimated $199M increase.
- Philippe Laffont's biggest Q1 2015 reduction was LinkedIn Corporation, cutting an estimated $295M.
- Philippe Laffont fully exited Twenty-First Century Fox, Inc. Class A in Q1 2015, selling an estimated $264M.
- Philippe Laffont's ten largest holdings make up 60% of its $10.5B portfolio in Q1 2015.
- Philippe Laffont opened 9 new positions and closed 13 in Q1 2015.
- Philippe Laffont's portfolio value fell 0.26% quarter-over-quarter to $10.5B.
Based on Coatue Management's 13F filing for Q1 2015, filed 15 May 2015.