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 |
Shopify
SHOP
|
+$449M |
| 2 |
Microsoft
MSFT
|
+$376M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$339M |
| 4 |
Broadcom
AVGO
|
+$214M |
| 5 |
VMW
VMware, Inc
VMW
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$474M |
| 2 |
Meta Platforms (Facebook)
META
|
+$302M |
| 3 |
Gen Digital
GEN
|
+$262M |
| 4 |
Alibaba
BABA
|
+$228M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$153M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 39.06% |
| 2 | Technology | 36.99% |
| 3 | Consumer Discretionary | 15.15% |
| 4 | Financials | 6.39% |
| 5 | Real Estate | 1.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Teradyne
TER
$58.5B
| $104M | 0.81% |
2,479,769
-10,666
| -0.4% | -$440K |
|
27
Liberty Global Class C
LBTYK
$3.37B
| $103M | 0.81% |
3,043,764
| – | – |
|
28
Adobe
ADBE
$84.3B
| $99.2M | 0.78% |
566,149
-100,429
| -15% | -$17.3M |
|
29
Liberty Global Class A
LBTYA
$3.48B
| $79.2M | 0.62% |
2,208,488
| – | – |
|
30
Charter Communications
CHTR
$15.6B
| $74.9M | 0.59% |
+223,077
| New | +$75.8M |
|
31
Hain Celestial
HAIN
$49.1M
| $42.1M | 0.33% |
992,774
| – | – |
|
32
Dell
DELL
$284B
| $40.2M | 0.31% |
+1,761,237
| New | +$39.9M |
|
|
HTT
33
High Templar Tech Ltd
HTT
$390M
| $27.6M | 0.22% |
+2,200,259
| New | +$42.4M |
|
|
FIT
34
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $25.6M | 0.2% |
4,477,953
-775,000
| -15% | -$4.93M |
|
35
Chipotle Mexican Grill
CMG
$41.1B
| $24.6M | 0.19% |
+4,260,000
| New | +$25.4M |
|
|
BBBY
36
Bed Bath & Beyond
BBBY
$471M
| $15.9M | 0.12% |
+331,862
| New | +$12M |
|
37
Zillow
Z
$6.77B
| $13.8M | 0.11% |
+337,424
| New | +$13.9M |
|
|
MNDT
38
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $12.5M | 0.1% |
882,755
| – | – |
|
|
CMCM
39
Cheetah Mobile
CMCM
$89.4M
| $6.17M | 0.05% |
102,161
| – | – |
|
40
Stratasys
SSYS
$695M
| $2.7M | 0.02% |
135,181
-321,666
| -70% | -$7.01M |
|
41
3D Systems Corp
DDD
$423M
| $2.51M | 0.02% |
290,888
-670,179
| -70% | -$6.89M |
|
|
ACIA
42
DELISTED
Acacia Communications Inc
ACIA
| $2.24M | 0.02% |
61,864
| – | – |
|
|
FTR
43
DELISTED
Frontier Communications Corp.
FTR
| $521K | ﹤0.01% |
77,037
-395,556
| -84% | -$3.69M |
|
44
Allegiant Air
ALGT
$2.54B
| – | – |
-66,530
| Closed | -$8.76M |
|
45
American Tower
AMT
$76.7B
| – | – |
-1,057,361
| Closed | -$145M |
|
46
Salesforce
CRM
$129B
| – | – |
-1,088,872
| Closed | -$102M |
|
|
47
Gen Digital
GEN
$15.1B
| – | – |
-7,970,588
| Closed | -$262M |
|
48
Nutanix
NTNX
$14.2B
| – | – |
-294,550
| Closed | -$6.59M |
|
49
Twilio
TWLO
$28.1B
| – | – |
-1,857,746
| Closed | -$55.5M |
|
50
WIX.com
WIX
$2.04B
| – | – |
-399,868
| Closed | -$28.7M |
|
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Philippe Laffont's Q4 2017 Portfolio in Review
As of Q4 2017, Philippe Laffont held 54 positions worth $12.8B, up 4.4% from $12.2B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Philippe Laffont's Q4 2017 filing shows 9 new, 5 increased, 17 reduced and 11 closed positions. Its largest new stake was Microsoft: 4,580,902 shares worth $392M. The largest sale was Apple, an estimated $474M.
By sector, the portfolio is most concentrated in Communication Services at 39% of assets, up from 38% a quarter earlier, followed by Technology and Consumer Discretionary.
- Philippe Laffont's largest Q4 2017 buy was Microsoft: 4,580,902 shares worth $392M.
- Philippe Laffont added most to Shopify in Q4 2017, an estimated $449M increase.
- Philippe Laffont's biggest Q4 2017 reduction was Apple, cutting an estimated $474M.
- Philippe Laffont fully exited Gen Digital in Q4 2017, selling an estimated $262M.
- Philippe Laffont's ten largest holdings make up 58% of its $12.8B portfolio in Q4 2017.
- Philippe Laffont opened 9 new positions and closed 11 in Q4 2017.
- Philippe Laffont's portfolio value rose 4.4% quarter-over-quarter to $12.8B.
Based on Coatue Management's 13F filing for Q4 2017, filed 13 Feb 2018.