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 |
Apple
AAPL
|
+$688M |
| 2 |
Alibaba
BABA
|
+$258M |
| 3 |
Meta Platforms (Facebook)
META
|
+$256M |
| 4 |
TWX
Time Warner Inc
TWX
|
+$231M |
| 5 |
Intel
INTC
|
+$155M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$250M |
| 2 |
Expedia Group
EXPE
|
+$216M |
| 3 |
Akamai
AKAM
|
+$188M |
| 4 |
JD.com
JD
|
+$183M |
| 5 |
Adobe
ADBE
|
+$163M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 44.67% |
| 2 | Technology | 28.61% |
| 3 | Consumer Discretionary | 11.23% |
| 4 | Real Estate | 6.13% |
| 5 | Financials | 3.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SPLK
26
DELISTED
Splunk Inc
SPLK
| $64.7M | 0.79% |
1,101,790
-174,896
| -14% | -$10.5M |
|
27
Ambarella
AMBA
$3.09B
| $59.4M | 0.73% |
806,537
-228,621
| -22% | -$14.3M |
|
28
LendingTree
TREE
$550M
| $45.6M | 0.56% |
470,940
-99,626
| -17% | -$9.92M |
|
|
MBLY
29
DELISTED
Mobileye N.V.
MBLY
| $42.4M | 0.52% |
995,735
-149,784
| -13% | -$6.93M |
|
|
LCI
30
DELISTED
Lannett Company, Inc.
LCI
| $42M | 0.52% |
395,198
-56,160
| -12% | -$6.86M |
|
31
Wayfair
W
$10.9B
| $37.7M | 0.46% |
957,126
-35,194
| -4% | -$1.42M |
|
|
FIT
32
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $34.6M | 0.42% |
2,332,147
-169,575
| -7% | -$2.47M |
|
33
Twilio
TWLO
$28.1B
| $33.8M | 0.41% |
524,661
-100,339
| -16% | -$5.01M |
|
34
Box
BOX
$3.92B
| $32.1M | 0.39% |
2,035,248
-2,023,341
| -50% | -$25.6M |
|
|
DATA
35
DELISTED
Tableau Software, Inc.
DATA
| $27.6M | 0.34% |
498,835
-72,305
| -13% | -$3.98M |
|
|
IMPV
36
DELISTED
Imperva, Inc.
IMPV
| $25.7M | 0.32% |
478,601
-68,752
| -13% | -$3.19M |
|
37
Allegiant Air
ALGT
$2.54B
| $21.3M | 0.26% |
+161,372
| New | +$21.9M |
|
|
CMCM
38
Cheetah Mobile
CMCM
$89.4M
| $19.6M | 0.24% |
314,219
+122,786
| +64% | +$7.1M |
|
|
JOY
39
DELISTED
Joy Global Inc
JOY
| $18.9M | 0.23% |
682,373
-2,928
| -0.4% | -$77.7K |
|
40
Stratasys
SSYS
$695M
| $18.4M | 0.23% |
+761,721
| New | +$16.6M |
|
41
Synaptics
SYNA
$4.59B
| $15.6M | 0.19% |
265,578
-34,014
| -11% | -$1.87M |
|
42
Cal-Maine
CALM
$4.18B
| $15.4M | 0.19% |
400,602
-11,239
| -3% | -$484K |
|
43
Match Group
MTCH
$8.72B
| $13M | 0.16% |
729,318
-93,850
| -11% | -$1.5M |
|
|
MNDT
44
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $12.5M | 0.15% |
850,037
-124,062
| -13% | -$1.91M |
|
|
NTRI
45
DELISTED
NutriSystem, Inc.
NTRI
| $11.4M | 0.14% |
383,297
-38,092
| -9% | -$1.07M |
|
|
SCTY
46
DELISTED
SolarCity Corporation
SCTY
| $7.78M | 0.1% |
397,743
-57,634
| -13% | -$1.29M |
|
47
Shake Shack
SHAK
$2.26B
| $7.49M | 0.09% |
215,917
-17,314
| -7% | -$641K |
|
|
ACIA
48
DELISTED
Acacia Communications Inc
ACIA
| $6.39M | 0.08% |
+61,864
| New | +$5.34M |
|
|
XYZ
49
Block Inc
XYZ
$45.5B
| $6.19M | 0.08% |
531,049
-87,384
| -14% | -$955K |
|
|
SDRL
50
DELISTED
Seadrill Limited Common Stock
SDRL
| $4.67M | 0.06% |
7,359
-1,016
| -12% | -$729K |
|
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Philippe Laffont's Q3 2016 Portfolio in Review
As of Q3 2016, Philippe Laffont held 66 positions worth $8.15B, up 16% from $7.02B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Philippe Laffont deployed $321M of net new capital in Q3 2016, opening 10 new positions and adding to 6 existing holdings. Its largest new stake was Apple: 26,007,896 shares worth $735M.
By sector, the portfolio is most concentrated in Communication Services at 45% of assets, up from 40% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was JD.com, an estimated $183M trimmed.
- Philippe Laffont's largest Q3 2016 buy was Apple: 26,007,896 shares worth $735M.
- Philippe Laffont added most to Meta Platforms (Facebook) in Q3 2016, an estimated $256M increase.
- Philippe Laffont's biggest Q3 2016 reduction was JD.com, cutting an estimated $183M.
- Philippe Laffont fully exited Microsoft in Q3 2016, selling an estimated $250M.
- Philippe Laffont's ten largest holdings make up 61% of its $8.15B portfolio in Q3 2016.
- Philippe Laffont opened 10 new positions and closed 16 in Q3 2016.
- Philippe Laffont's portfolio value rose 16% quarter-over-quarter to $8.15B.
Based on Coatue Management's 13F filing for Q3 2016, filed 14 Nov 2016.