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 |
Li Auto
LI
|
+$327M |
| 2 |
Snowflake
SNOW
|
+$314M |
| 3 |
RLX Technology
RLX
|
+$273M |
| 4 |
XPeng
XPEV
|
+$248M |
| 5 |
Oscar Health
OSCR
|
+$198M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$987M |
| 2 |
Walt Disney
DIS
|
+$917M |
| 3 |
XYZ
Block Inc
XYZ
|
+$527M |
| 4 |
Zoom
ZM
|
+$493M |
| 5 |
Peloton Interactive
PTON
|
+$470M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.5% |
| 2 | Consumer Discretionary | 30.09% |
| 3 | Communication Services | 18.95% |
| 4 | Healthcare | 5.29% |
| 5 | Financials | 4.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Insulet
PODD
$11.3B
| $252M | 1.38% |
967,339
-786,907
| -45% | -$211M |
|
27
Zillow
ZG
$7.09B
| $213M | 1.17% |
1,621,042
-77,044
| -5% | -$11.9M |
|
|
28
Peloton Interactive
PTON
$2.64B
| $176M | 0.97% |
1,567,621
-3,541,398
| -69% | -$470M |
|
|
29
Oscar Health
OSCR
$8.61B
| $170M | 0.93% |
+6,325,613
| New | +$198M |
|
30
Moderna
MRNA
$21.5B
| $165M | 0.9% |
+1,257,685
| New | +$182M |
|
|
31
RLX Technology
RLX
$2.52B
| $155M | 0.85% |
+14,205,740
| New | +$273M |
|
|
FTCH
32
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $148M | 0.81% |
+2,794,750
| New | +$171M |
|
33
Broadcom
AVGO
$1.82T
| $147M | 0.81% |
3,175,840
-589,440
| -16% | -$27.3M |
|
34
Twilio
TWLO
$28.9B
| $139M | 0.76% |
+406,465
| New | +$152M |
|
|
NKLA
35
DELISTED
Nikola Corporation Common Stock
NKLA
| $134M | 0.74% |
322,033
+281,916
| +703% | +$161M |
|
|
SFIX
36
Stitch Fix
SFIX
$486M
| $80.4M | 0.44% |
1,623,700
-115,829
| -7% | -$8.16M |
|
|
PARA
37
DELISTED
Paramount Global Class B
PARA
| $77.1M | 0.42% |
+1,710,417
| New | +$104M |
|
38
Datadog
DDOG
$87.5B
| $69.3M | 0.38% |
831,798
-501,798
| -38% | -$48.4M |
|
39
C3.ai
AI
$1.28B
| $58.8M | 0.32% |
+892,570
| New | +$104M |
|
40
Root
ROOT
$923M
| $57.9M | 0.32% |
252,669
| – | – |
|
41
Lemonade
LMND
$4.68B
| $54.2M | 0.3% |
+582,106
| New | +$75.2M |
|
|
DOCU
42
DocuSign
DOCU
$9.52B
| $46.1M | 0.25% |
227,691
-992,277
| -81% | -$230M |
|
43
Okta
OKTA
$23.9B
| $45.2M | 0.25% |
205,053
+18,414
| +10% | +$4.63M |
|
44
BioNTech
BNTX
$22.7B
| $37.3M | 0.2% |
+341,846
| New | +$36.3M |
|
45
QuantumScape Corp
QS
$3.05B
| $32.2M | 0.18% |
+719,678
| New | +$37.7M |
|
46
Inovio Pharmaceuticals
INO
$79.2M
| $29M | 0.16% |
260,577
-37,500
| -13% | -$4.93M |
|
47
3D Systems Corp
DDD
$421M
| $26.4M | 0.14% |
+961,067
| New | +$31.8M |
|
48
Lightspeed Commerce
LSPD
$1.3B
| $20.9M | 0.11% |
333,372
+85,210
| +34% | +$5.82M |
|
49
Lucid Motors
LCID
$2.45B
| $20.9M | 0.11% |
+90,000
| New | +$24.1M |
|
|
MSDAU
50
DELISTED
MSD Acquisition Corp. Unit
MSDAU
| $20.3M | 0.11% |
+2,000,000
| New | +$20.1M |
|
Similar funds
Philippe Laffont's Q1 2021 Portfolio in Review
As of Q1 2021, Philippe Laffont held 96 positions worth $18.2B, down 32% from $26.7B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Philippe Laffont withdrew a net $7.73B in Q1 2021, closing 30 positions and reducing 29 holdings. Its most notable exit was Lam Research, an estimated $450M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 43% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Philippe Laffont opened a new position in RLX Technology worth $155M.
- Philippe Laffont's largest Q1 2021 buy was RLX Technology: 14,205,740 shares worth $155M.
- Philippe Laffont added most to Li Auto in Q1 2021, an estimated $327M increase.
- Philippe Laffont's biggest Q1 2021 reduction was PayPal, cutting an estimated $987M.
- Philippe Laffont fully exited Lam Research in Q1 2021, selling an estimated $450M.
- Philippe Laffont's ten largest holdings make up 52% of its $18.2B portfolio in Q1 2021.
- Philippe Laffont opened 20 new positions and closed 30 in Q1 2021.
- Philippe Laffont's portfolio value fell 32% quarter-over-quarter to $18.2B.
Based on Coatue Management's 13F filing for Q1 2021, filed 14 May 2021.