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 |
Alphabet (Google) Class C
GOOG
|
+$579M |
| 2 |
Microsoft
MSFT
|
+$305M |
| 3 |
Bausch Health
BHC
|
+$188M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$141M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$106M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$304M |
| 2 |
Kraft Heinz
KHC
|
+$133M |
| 3 |
Expedia Group
EXPE
|
+$117M |
| 4 |
AGN
Allergan plc
AGN
|
+$97M |
| 5 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$93.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 40.95% |
| 2 | Technology | 29.99% |
| 3 | Consumer Discretionary | 13.55% |
| 4 | Real Estate | 7.12% |
| 5 | Healthcare | 5.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Illumina
ILMN
$29.8B
| $92.6M | 0.92% |
495,976
-2,588
| -0.5% | -$418K |
|
|
LNKD
27
DELISTED
LinkedIn Corporation
LNKD
| $64.1M | 0.64% |
284,982
-113,315
| -28% | -$25.7M |
|
28
IBM
IBM
$195B
| $60.6M | 0.6% |
460,341
| – | – |
|
29
Ambarella
AMBA
$3.09B
| $49.6M | 0.49% |
890,264
+296,071
| +50% | +$16.7M |
|
30
GoPro
GPRO
$119M
| $47.1M | 0.47% |
+2,615,247
| New | +$60.7M |
|
31
Stratasys
SSYS
$695M
| $46.3M | 0.46% |
1,970,794
-425,563
| -18% | -$11.2M |
|
|
FIT
32
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $44.9M | 0.44% |
+1,516,378
| New | +$50.1M |
|
33
SiriusXM
SIRI
$10.1B
| $44.3M | 0.44% |
1,089,407
| – | – |
|
34
Box
BOX
$3.92B
| $42.2M | 0.42% |
3,022,049
| – | – |
|
35
Wayfair
W
$10.9B
| $32M | 0.32% |
672,071
+472,071
| +236% | +$20M |
|
36
3D Systems Corp
DDD
$423M
| $25.5M | 0.25% |
2,939,852
-1,118,911
| -28% | -$11.5M |
|
37
Energy Transfer Partners
ET
$70.3B
| $21.7M | 0.22% |
+1,581,196
| New | +$29.5M |
|
38
Williams Companies
WMB
$92B
| $17M | 0.17% |
+661,348
| New | +$23.1M |
|
39
Freeport-McMoran
FCX
$91.3B
| $15.6M | 0.15% |
+2,298,992
| New | +$21.9M |
|
|
SLCA
40
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $15.5M | 0.15% |
828,810
| – | – |
|
|
MNDT
41
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $15.2M | 0.15% |
+732,522
| New | +$18.4M |
|
42
OneSpan
OSPN
$547M
| $15.2M | 0.15% |
906,510
| – | – |
|
|
EXAS
43
DELISTED
Exact Sciences
EXAS
| $10.4M | 0.1% |
+1,130,676
| New | +$10.5M |
|
|
CRR
44
DELISTED
Carbo Ceramics Inc.
CRR
| $8.58M | 0.09% |
498,964
| – | – |
|
45
Credit Acceptance
CACC
$6.2B
| $7.9M | 0.08% |
+36,911
| New | +$7.54M |
|
|
CMCM
46
Cheetah Mobile
CMCM
$89.4M
| $7.76M | 0.08% |
+96,920
| New | +$8.65M |
|
|
TWC
47
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $7.23M | 0.07% |
38,952
| – | – |
|
48
Shake Shack
SHAK
$2.26B
| $6.07M | 0.06% |
+153,138
| New | +$6.72M |
|
|
SVU
49
DELISTED
SUPERVALU Inc.
SVU
| $5.81M | 0.06% |
122,502
-35,865
| -23% | -$1.71M |
|
|
ATML
50
DELISTED
ATMEL CORP
ATML
| $5.72M | 0.06% |
664,000
| – | – |
|
Similar funds
Philippe Laffont's Q4 2015 Portfolio in Review
As of Q4 2015, Philippe Laffont held 71 positions worth $10.1B, up 13% from $8.91B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Philippe Laffont deployed $411M of net new capital in Q4 2015, opening 16 new positions and adding to 9 existing holdings. Its largest new stake was Bausch Health: 1,673,007 shares worth $170M.
By sector, the portfolio is most concentrated in Communication Services at 41% of assets, up from 37% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Broadcom, an estimated $304M trimmed.
- Philippe Laffont's largest Q4 2015 buy was Bausch Health: 1,673,007 shares worth $170M.
- Philippe Laffont added most to Alphabet (Google) Class C in Q4 2015, an estimated $579M increase.
- Philippe Laffont's biggest Q4 2015 reduction was Broadcom, cutting an estimated $304M.
- Philippe Laffont fully exited Kraft Heinz in Q4 2015, selling an estimated $133M.
- Philippe Laffont's ten largest holdings make up 62% of its $10.1B portfolio in Q4 2015.
- Philippe Laffont opened 16 new positions and closed 15 in Q4 2015.
- Philippe Laffont's portfolio value rose 13% quarter-over-quarter to $10.1B.
Based on Coatue Management's 13F filing for Q4 2015, filed 16 Feb 2016.