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 |
Netflix
NFLX
|
+$425M |
| 2 |
Adobe
ADBE
|
+$184M |
| 3 |
Expedia Group
EXPE
|
+$181M |
| 4 |
AGN
Allergan plc
AGN
|
+$172M |
| 5 |
Kraft Heinz
KHC
|
+$142M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$203M |
| 2 |
T-Mobile US
TMUS
|
+$165M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$159M |
| 4 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$143M |
| 5 |
Alibaba
BABA
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.89% |
| 2 | Technology | 31.3% |
| 3 | Consumer Discretionary | 13.84% |
| 4 | Real Estate | 6.75% |
| 5 | Healthcare | 5.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Illumina
ILMN
$29.8B
| $85.3M | 0.96% |
498,564
-178,367
| -26% | -$36.1M |
|
|
WBA
27
DELISTED
Walgreens Boots Alliance
WBA
| $83.4M | 0.94% |
1,004,123
+6,723
| +0.7% | +$608K |
|
|
LNKD
28
DELISTED
LinkedIn Corporation
LNKD
| $75.7M | 0.85% |
398,297
-333,585
| -46% | -$66.2M |
|
29
Zillow
Z
$6.77B
| $71.8M | 0.81% |
+2,657,845
| New | +$69.4M |
|
30
IBM
IBM
$194B
| $63.8M | 0.72% |
460,341
| – | – |
|
31
Stratasys
SSYS
$695M
| $63.5M | 0.71% |
2,396,357
| – | – |
|
32
Autodesk
ADSK
$43.3B
| $61.4M | 0.69% |
+1,391,898
| New | +$69.9M |
|
33
3D Systems Corp
DDD
$423M
| $46.9M | 0.53% |
4,058,763
| – | – |
|
34
Vipshop
VIPS
$6.92B
| $46.4M | 0.52% |
2,760,928
-2,719,876
| -50% | -$52.2M |
|
35
SiriusXM
SIRI
$10.1B
| $40.7M | 0.46% |
1,089,407
| – | – |
|
36
GameStop
GME
$9.58B
| $39.6M | 0.44% |
3,839,320
| – | – |
|
37
Zillow
ZG
$6.76B
| $38.2M | 0.43% |
1,328,922
-2,676,171
| -67% | -$71.6M |
|
38
Box
BOX
$3.92B
| $38M | 0.43% |
3,022,049
+1,777,049
| +143% | +$26.5M |
|
39
Ambarella
AMBA
$3.09B
| $34.3M | 0.39% |
594,193
-410,514
| -41% | -$38.8M |
|
40
The Greenbrier Companies
GBX
$1.59B
| $32.1M | 0.36% |
1,000,763
+603,628
| +152% | +$25.3M |
|
|
KING
41
DELISTED
KING DIGITAL ENTMT PLC ORD SHS (IRL)
KING
| $29.8M | 0.33% |
2,201,857
+882,386
| +67% | +$12.7M |
|
|
NTRI
42
DELISTED
NutriSystem, Inc.
NTRI
| $16.8M | 0.19% |
634,885
| – | – |
|
43
OneSpan
OSPN
$547M
| $15.4M | 0.17% |
+906,510
| New | +$18.6M |
|
|
SLCA
44
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $11.7M | 0.13% |
828,810
| – | – |
|
|
INVN
45
DELISTED
Invensense Inc
INVN
| $10.7M | 0.12% |
1,154,489
| – | – |
|
|
CRR
46
DELISTED
Carbo Ceramics Inc.
CRR
| $9.47M | 0.11% |
498,964
| – | – |
|
|
SVU
47
DELISTED
SUPERVALU Inc.
SVU
| $7.96M | 0.09% |
158,367
| – | – |
|
48
Wayfair
W
$10.9B
| $7.01M | 0.08% |
+200,000
| New | +$7.67M |
|
|
TWC
49
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $6.99M | 0.08% |
38,952
-523,074
| -93% | -$97.7M |
|
|
JOY
50
DELISTED
Joy Global Inc
JOY
| $5.97M | 0.07% |
400,000
| – | – |
|
Similar funds
Philippe Laffont's Q3 2015 Portfolio in Review
As of Q3 2015, Philippe Laffont held 68 positions worth $8.91B, down 11% from $10B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Philippe Laffont withdrew a net $515M in Q3 2015, closing 13 positions and reducing 19 holdings. Its most notable exit was T-Mobile US, an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 37% of assets, up from 37% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in Kraft Heinz worth $133M.
- Philippe Laffont's largest Q3 2015 buy was Kraft Heinz: 1,878,656 shares worth $133M.
- Philippe Laffont added most to Netflix in Q3 2015, an estimated $425M increase.
- Philippe Laffont's biggest Q3 2015 reduction was Apple, cutting an estimated $203M.
- Philippe Laffont fully exited T-Mobile US in Q3 2015, selling an estimated $165M.
- Philippe Laffont's ten largest holdings make up 55% of its $8.91B portfolio in Q3 2015.
- Philippe Laffont opened 6 new positions and closed 13 in Q3 2015.
- Philippe Laffont's portfolio value fell 11% quarter-over-quarter to $8.91B.
Based on Coatue Management's 13F filing for Q3 2015, filed 13 Nov 2015.