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 |
Liberty Broadband Class C
LBRDK
|
+$518M |
| 2 |
PayPal
PYPL
|
+$178M |
| 3 |
Expedia Group
EXPE
|
+$54.4M |
| 4 |
LendingTree
TREE
|
+$48.3M |
| 5 |
Gen Digital
GEN
|
+$38.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$378M |
| 2 |
Microsoft
MSFT
|
+$306M |
| 3 |
Adobe
ADBE
|
+$202M |
| 4 |
Amazon
AMZN
|
+$175M |
| 5 |
Meta Platforms (Facebook)
META
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 39.66% |
| 2 | Technology | 27.85% |
| 3 | Consumer Discretionary | 14.15% |
| 4 | Real Estate | 8.22% |
| 5 | Financials | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Hain Celestial
HAIN
$49.4M
| $51.6M | 0.73% |
1,036,477
+3,964
| +0.4% | +$184K |
|
|
27
LendingTree
TREE
$551M
| $50.4M | 0.72% |
+570,566
| New | +$48.3M |
|
|
28
Gen Digital
GEN
$15.5B
| $44.2M | 0.63% |
+2,153,429
| New | +$38.8M |
|
|
LCI
29
DELISTED
Lannett Company, Inc.
LCI
| $43M | 0.61% |
451,358
| – | – |
|
30
Box
BOX
$3.99B
| $42M | 0.6% |
4,058,589
+247,205
| +6% | +$2.96M |
|
31
Wayfair
W
$11.2B
| $38.7M | 0.55% |
992,320
-95,102
| -9% | -$3.79M |
|
|
FIT
32
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $30.6M | 0.44% |
2,501,722
+1,151,155
| +85% | +$17M |
|
33
Credit Acceptance
CACC
$6.04B
| $28.9M | 0.41% |
156,355
-4,782
| -3% | -$876K |
|
|
DATA
34
DELISTED
Tableau Software, Inc.
DATA
| $27.9M | 0.4% |
571,140
-474,435
| -45% | -$23.8M |
|
35
Liberty Latin America Class C
LILAK
$1.51B
| $26.5M | 0.38% |
+953,693
| New | +$31.6M |
|
|
36
Liberty Latin America Class A
LILA
$1.52B
| $25.7M | 0.37% |
+1,244,359
| New | +$29.4M |
|
|
IMPV
37
DELISTED
Imperva, Inc.
IMPV
| $23.5M | 0.34% |
547,353
| – | – |
|
38
Twilio
TWLO
$29B
| $22.8M | 0.33% |
+625,000
| New | +$19.4M |
|
|
OUTR
39
DELISTED
OUTERWALL INC
OUTR
| $19.6M | 0.28% |
466,302
| – | – |
|
40
Cal-Maine
CALM
$4.26B
| $18.3M | 0.26% |
411,841
+34,573
| +9% | +$1.63M |
|
41
Synaptics
SYNA
$4.46B
| $16.1M | 0.23% |
+299,592
| New | +$20.6M |
|
|
MNDT
42
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $16M | 0.23% |
974,099
| – | – |
|
|
LNKD
43
DELISTED
LinkedIn Corporation
LNKD
| $15.8M | 0.23% |
+83,702
| New | +$11.6M |
|
|
PARA
44
DELISTED
Paramount Global Class B
PARA
| $15.8M | 0.23% |
+290,100
| New | +$15.8M |
|
|
MFRM
45
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $15.6M | 0.22% |
464,694
+49,340
| +12% | +$1.81M |
|
|
JOY
46
DELISTED
Joy Global Inc
JOY
| $14.5M | 0.21% |
685,301
-100,072
| -13% | -$1.89M |
|
47
Match Group
MTCH
$8.88B
| $12.4M | 0.18% |
+823,168
| New | +$10.8M |
|
48
Cleveland-Cliffs
CLF
$6.73B
| $11.7M | 0.17% |
2,055,265
-318,326
| -13% | -$1.31M |
|
|
SCTY
49
DELISTED
SolarCity Corporation
SCTY
| $10.9M | 0.16% |
455,377
| – | – |
|
|
NTRI
50
DELISTED
NutriSystem, Inc.
NTRI
| $10.7M | 0.15% |
421,389
-240,419
| -36% | -$5.8M |
|
Similar funds
Philippe Laffont's Q2 2016 Portfolio in Review
As of Q2 2016, Philippe Laffont held 66 positions worth $7.02B, down 12% from $8.01B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Philippe Laffont withdrew a net $988M in Q2 2016, closing 10 positions and reducing 22 holdings. Its most notable exit was Charter Communications, an estimated $378M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 40% of assets, up from 38% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in Liberty Broadband Class C worth $534M.
- Philippe Laffont's largest Q2 2016 buy was Liberty Broadband Class C: 8,892,050 shares worth $534M.
- Philippe Laffont added most to PayPal in Q2 2016, an estimated $178M increase.
- Philippe Laffont's biggest Q2 2016 reduction was Microsoft, cutting an estimated $306M.
- Philippe Laffont fully exited Charter Communications in Q2 2016, selling an estimated $378M.
- Philippe Laffont's ten largest holdings make up 59% of its $7.02B portfolio in Q2 2016.
- Philippe Laffont opened 10 new positions and closed 10 in Q2 2016.
- Philippe Laffont's portfolio value fell 12% quarter-over-quarter to $7.02B.
Based on Coatue Management's 13F filing for Q2 2016, filed 12 Aug 2016.