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 |
Uber
UBER
|
+$444M |
| 2 |
XYZ
Block Inc
XYZ
|
+$308M |
| 3 |
Intuitive Surgical
ISRG
|
+$296M |
| 4 |
Global Payments
GPN
|
+$276M |
| 5 |
Motorola Solutions
MSI
|
+$235M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DATA
Tableau Software, Inc.
DATA
|
+$271M |
| 2 |
NVIDIA
NVDA
|
+$238M |
| 3 |
Micron Technology
MU
|
+$158M |
| 4 |
Amazon
AMZN
|
+$158M |
| 5 |
Tencent Music
TME
|
+$36.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 49.27% |
| 2 | Communication Services | 21.84% |
| 3 | Financials | 12.54% |
| 4 | Consumer Discretionary | 9.67% |
| 5 | Healthcare | 3.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Okta
OKTA
$23.7B
| $125M | 1.06% |
1,014,699
+711,032
| +234% | +$77.2M |
|
27
Zoom
ZM
$24.7B
| $110M | 0.93% |
+1,235,238
| New | +$102M |
|
28
Guardant Health
GH
$19.9B
| $103M | 0.87% |
+1,195,996
| New | +$91.3M |
|
|
SMAR
29
DELISTED
Smartsheet Inc.
SMAR
| $99.4M | 0.84% |
+2,053,385
| New | +$87.2M |
|
|
DATA
30
DELISTED
Tableau Software, Inc.
DATA
| $67.5M | 0.57% |
406,300
-2,062,649
| -84% | -$271M |
|
31
Green Dot
GDOT
$743M
| $61.2M | 0.52% |
+1,251,295
| New | +$68.1M |
|
32
Tradeweb Markets
TW
$21.3B
| $51.5M | 0.44% |
+1,176,008
| New | +$49.1M |
|
33
StoneCo
STNE
$2.67B
| $34.6M | 0.29% |
+1,171,326
| New | +$34.5M |
|
34
Zillow
Z
$6.77B
| $29.9M | 0.25% |
644,709
| – | – |
|
|
WORK
35
DELISTED
Slack Technologies, Inc.
WORK
| $28.2M | 0.24% |
+752,572
| New | +$27.7M |
|
|
36
NVIDIA
NVDA
$5.06T
| $26.5M | 0.22% |
6,464,480
-57,491,840
| -90% | -$238M |
|
37
WIX.com
WIX
$2.04B
| $25.3M | 0.21% |
+177,904
| New | +$24M |
|
38
Workday
WDAY
$31.6B
| $23.8M | 0.2% |
115,988
| – | – |
|
39
Guidewire Software
GWRE
$10.9B
| $23.3M | 0.2% |
+229,630
| New | +$23.4M |
|
|
BRFS
40
DELISTED
BRF SA
BRFS
| $20.1M | 0.17% |
+2,643,071
| New | +$19.1M |
|
|
FIT
41
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $14M | 0.12% |
3,178,570
| – | – |
|
|
LK
42
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $10M | 0.08% |
+514,823
| New | +$9.51M |
|
43
Sea Limited
SE
$60.9B
| $9.17M | 0.08% |
+276,100
| New | +$7.48M |
|
44
3D Systems Corp
DDD
$423M
| $8.75M | 0.07% |
961,067
| – | – |
|
|
MNK
45
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $7.08M | 0.06% |
771,193
-549,576
| -42% | -$7.94M |
|
46
Stratasys
SSYS
$695M
| $6.33M | 0.05% |
215,702
| – | – |
|
47
Atlassian
TEAM
$20.3B
| $3.94M | 0.03% |
30,089
| – | – |
|
|
48
Tencent Music
TME
$14.3B
| $2.88M | 0.02% |
192,217
-2,285,299
| -92% | -$36.1M |
|
49
Williams-Sonoma
WSM
$25.7B
| $2.71M | 0.02% |
83,458
+55,480
| +198% | +$1.59M |
|
50
Wingstop
WING
$3.67B
| $2.67M | 0.02% |
28,235
+18,102
| +179% | +$1.47M |
|
Similar funds
Philippe Laffont's Q2 2019 Portfolio in Review
As of Q2 2019, Philippe Laffont held 206 positions worth $11.8B, up 31% from $9.03B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Philippe Laffont deployed $1.91B of net new capital in Q2 2019, opening 90 new positions and adding to 39 existing holdings. Its largest new stake was Uber: 10,459,110 shares worth $485M.
By sector, the portfolio is most concentrated in Technology at 49% of assets, up from 48% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Tableau Software, Inc., an estimated $271M trimmed.
- Philippe Laffont's largest Q2 2019 buy was Uber: 10,459,110 shares worth $485M.
- Philippe Laffont added most to Motorola Solutions in Q2 2019, an estimated $235M increase.
- Philippe Laffont's biggest Q2 2019 reduction was Tableau Software, Inc., cutting an estimated $271M.
- Philippe Laffont fully exited Micron Technology in Q2 2019, selling an estimated $158M.
- Philippe Laffont's ten largest holdings make up 55% of its $11.8B portfolio in Q2 2019.
- Philippe Laffont opened 90 new positions and closed 42 in Q2 2019.
- Philippe Laffont's portfolio value rose 31% quarter-over-quarter to $11.8B.
Based on Coatue Management's 13F filing for Q2 2019, filed 14 Aug 2019.