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 |
Snap
SNAP
|
+$464M |
| 2 |
Gen Digital
GEN
|
+$359M |
| 3 |
eBay
EBAY
|
+$263M |
| 4 |
Broadcom
AVGO
|
+$196M |
| 5 |
Bank of America
BAC
|
+$192M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$308M |
| 2 |
Equinix
EQIX
|
+$137M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$127M |
| 4 |
F5
FFIV
|
+$119M |
| 5 |
SPLK
Splunk Inc
SPLK
|
+$56.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 44.38% |
| 2 | Technology | 26.37% |
| 3 | Consumer Discretionary | 14.58% |
| 4 | Financials | 9.55% |
| 5 | Real Estate | 3.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Alphabet (Google) Class A
GOOGL
$3.88T
| $120M | 1.15% |
2,819,540
-558,320
| -17% | -$23.5M |
|
|
ZAYO
27
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $81.9M | 0.79% |
2,490,825
-7,077
| -0.3% | -$226K |
|
28
Hain Celestial
HAIN
$49.1M
| $40M | 0.39% |
1,076,563
-978,706
| -48% | -$36.8M |
|
|
MLNX
29
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $38.6M | 0.37% |
757,981
+53,343
| +8% | +$2.53M |
|
|
FIT
30
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $31.1M | 0.3% |
5,252,953
-3,013,773
| -36% | -$19.1M |
|
31
Under Armour
UAA
$2.87B
| $30.3M | 0.29% |
+1,531,200
| New | +$35.7M |
|
|
JOY
32
DELISTED
Joy Global Inc
JOY
| $19.3M | 0.19% |
682,373
| – | – |
|
33
3D Systems Corp
DDD
$423M
| $14.4M | 0.14% |
+961,067
| New | +$15.1M |
|
34
Twilio
TWLO
$28.1B
| $12.5M | 0.12% |
432,661
| – | – |
|
|
MNDT
35
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $11.1M | 0.11% |
882,755
+32,718
| +4% | +$390K |
|
36
Nutanix
NTNX
$14.2B
| $9.4M | 0.09% |
500,700
| – | – |
|
37
Stratasys
SSYS
$695M
| $9.36M | 0.09% |
456,847
-304,874
| -40% | -$6.03M |
|
38
Illumina
ILMN
$29.8B
| $9.32M | 0.09% |
56,163
-2,123
| -4% | -$335K |
|
39
Under Armour Class C
UA
$2.81B
| $8.4M | 0.08% |
+459,100
| New | +$9.56M |
|
|
CMCM
40
Cheetah Mobile
CMCM
$89.4M
| $5.06M | 0.05% |
94,161
-156,702
| -62% | -$8.13M |
|
41
Allegiant Air
ALGT
$2.54B
| $4.12M | 0.04% |
25,700
-135,672
| -84% | -$22.8M |
|
|
ACIA
42
DELISTED
Acacia Communications Inc
ACIA
| $3.63M | 0.03% |
61,864
| – | – |
|
|
SDRL
43
DELISTED
Seadrill Limited Common Stock
SDRL
| $3.25M | 0.03% |
7,359
| – | – |
|
|
NTRI
44
DELISTED
NutriSystem, Inc.
NTRI
| $2.02M | 0.02% |
36,300
-652,455
| -95% | -$26.9M |
|
45
Ambarella
AMBA
$3.09B
| – | – |
-866,400
| Closed | -$46.9M |
|
46
Box
BOX
$3.92B
| – | – |
-1,124,614
| Closed | -$15.6M |
|
47
Cal-Maine
CALM
$4.18B
| – | – |
-840,934
| Closed | -$37.1M |
|
|
48
F5
FFIV
$21.9B
| – | – |
-820,915
| Closed | -$119M |
|
49
Match Group
MTCH
$8.72B
| – | – |
-729,318
| Closed | -$12.5M |
|
50
Shake Shack
SHAK
$2.26B
| – | – |
-215,917
| Closed | -$7.73M |
|
Similar funds
Philippe Laffont's Q1 2017 Portfolio in Review
As of Q1 2017, Philippe Laffont held 62 positions worth $10.4B, up 23% from $8.44B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Philippe Laffont deployed $703M of net new capital in Q1 2017, opening 6 new positions and adding to 12 existing holdings. Its largest new stake was Snap: 20,957,724 shares worth $472M.
By sector, the portfolio is most concentrated in Communication Services at 44% of assets, up from 41% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Equinix, an estimated $137M trimmed.
- Philippe Laffont's largest Q1 2017 buy was Snap: 20,957,724 shares worth $472M.
- Philippe Laffont added most to Gen Digital in Q1 2017, an estimated $359M increase.
- Philippe Laffont's biggest Q1 2017 reduction was Equinix, cutting an estimated $137M.
- Philippe Laffont fully exited State Street Financial Select Sector SPDR ETF in Q1 2017, selling an estimated $308M.
- Philippe Laffont's ten largest holdings make up 56% of its $10.4B portfolio in Q1 2017.
- Philippe Laffont opened 6 new positions and closed 18 in Q1 2017.
- Philippe Laffont's portfolio value rose 23% quarter-over-quarter to $10.4B.
Based on Coatue Management's 13F filing for Q1 2017, filed 15 May 2017.