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 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$223M |
| 2 |
Amazon
AMZN
|
+$194M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$161M |
| 4 |
Expedia Group
EXPE
|
+$156M |
| 5 |
T-Mobile US
TMUS
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$865M |
| 2 |
Baidu
BIDU
|
+$458M |
| 3 |
LNKD
LinkedIn Corporation
LNKD
|
+$332M |
| 4 |
Broadcom
AVGO
|
+$315M |
| 5 |
Micron Technology
MU
|
+$305M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.67% |
| 2 | Technology | 30.27% |
| 3 | Consumer Discretionary | 14.02% |
| 4 | Real Estate | 5.84% |
| 5 | Healthcare | 4.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alphabet (Google) Class C
GOOG
$3.92T
| $153M | 1.52% |
5,767,560
+1,277,988
| +28% | +$34.2M |
|
|
LNKD
27
DELISTED
LinkedIn Corporation
LNKD
| $151M | 1.51% |
731,882
-1,491,133
| -67% | -$332M |
|
28
Illumina
ILMN
$29.3B
| $144M | 1.43% |
676,931
+578,654
| +589% | +$113M |
|
29
Vipshop
VIPS
$6.94B
| $122M | 1.22% |
+5,480,804
| New | +$145M |
|
30
Zillow
ZG
$6.99B
| $116M | 1.15% |
4,005,093
+1,467,720
| +58% | +$45.8M |
|
31
Alibaba
BABA
$271B
| $115M | 1.14% |
1,395,613
| – | – |
|
32
Ambarella
AMBA
$2.99B
| $103M | 1.03% |
1,004,707
+47,191
| +5% | +$4.12M |
|
|
TWC
33
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $100M | 1% |
+562,026
| New | +$93.1M |
|
34
eBay
EBAY
$48.3B
| $88.2M | 0.88% |
+3,478,697
| New | +$86.8M |
|
|
WBA
35
DELISTED
Walgreens Boots Alliance
WBA
| $84.2M | 0.84% |
+997,400
| New | +$86M |
|
36
Stratasys
SSYS
$702M
| $83.7M | 0.83% |
+2,396,357
| New | +$101M |
|
37
GE Aerospace
GE
$370B
| $82.3M | 0.82% |
+646,005
| New | +$83.8M |
|
38
3D Systems Corp
DDD
$425M
| $79.2M | 0.79% |
4,058,763
+3,525,874
| +662% | +$85M |
|
39
IBM
IBM
$202B
| $71.6M | 0.71% |
+460,341
| New | +$74M |
|
40
GameStop
GME
$9.61B
| $41.2M | 0.41% |
+3,839,320
| New | +$39.5M |
|
41
SiriusXM
SIRI
$10.1B
| $40.6M | 0.41% |
1,089,407
-3,524,974
| -76% | -$137M |
|
42
Autohome
ATHM
$2.46B
| $39.6M | 0.39% |
+783,503
| New | +$38.6M |
|
43
Salesforce
CRM
$134B
| $38.8M | 0.39% |
+557,922
| New | +$39.7M |
|
44
Yelp
YELP
$1.41B
| $35.5M | 0.35% |
+825,952
| New | +$38.3M |
|
|
WUBA
45
DELISTED
58.com Inc
WUBA
| $34M | 0.34% |
+531,149
| New | +$38.6M |
|
|
BITA
46
DELISTED
Bitauto Holdings Limited
BITA
| $33.9M | 0.34% |
+663,737
| New | +$39M |
|
|
SLCA
47
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $24.3M | 0.24% |
828,810
+160,206
| +24% | +$5.41M |
|
48
Box
BOX
$4.04B
| $23.2M | 0.23% |
1,245,000
| – | – |
|
49
TripAdvisor
TRIP
$1.6B
| $21.7M | 0.22% |
+249,209
| New | +$20.3M |
|
|
CRR
50
DELISTED
Carbo Ceramics Inc.
CRR
| $20.8M | 0.21% |
498,964
+230,660
| +86% | +$9.3M |
|
Similar funds
Philippe Laffont's Q2 2015 Portfolio in Review
As of Q2 2015, Philippe Laffont held 70 positions worth $10B, down 4.7% from $10.5B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Philippe Laffont withdrew a net $919M in Q2 2015, closing 8 positions and reducing 16 holdings. Its most notable exit was Hilton Worldwide, an estimated $249M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 37% of assets, down from 47% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in BROADCOM CORP CL-A worth $236M.
- Philippe Laffont's largest Q2 2015 buy was BROADCOM CORP CL-A: 4,590,947 shares worth $236M.
- Philippe Laffont added most to Amazon in Q2 2015, an estimated $194M increase.
- Philippe Laffont's biggest Q2 2015 reduction was Netflix, cutting an estimated $865M.
- Philippe Laffont fully exited Hilton Worldwide in Q2 2015, selling an estimated $249M.
- Philippe Laffont's ten largest holdings make up 51% of its $10B portfolio in Q2 2015.
- Philippe Laffont opened 22 new positions and closed 8 in Q2 2015.
- Philippe Laffont's portfolio value fell 4.7% quarter-over-quarter to $10B.
Based on Coatue Management's 13F filing for Q2 2015, filed 14 Aug 2015.