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 |
Kanzhun
BZ
|
+$779M |
| 2 |
Marqeta
MQ
|
+$680M |
| 3 |
JD.com
JD
|
+$537M |
| 4 |
Microsoft
MSFT
|
+$303M |
| 5 |
CFLT
Confluent
CFLT
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$755M |
| 2 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$584M |
| 3 |
Tesla
TSLA
|
+$417M |
| 4 |
XYZ
Block Inc
XYZ
|
+$369M |
| 5 |
Sunrun
RUN
|
+$362M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.75% |
| 2 | Consumer Discretionary | 24.71% |
| 3 | Communication Services | 21.4% |
| 4 | Healthcare | 13.75% |
| 5 | Financials | 3.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Shopify
SHOP
$145B
| $356M | 1.45% |
2,626,180
-1,522,040
| -37% | -$228M |
|
27
Guardant Health
GH
$19.9B
| $351M | 1.43% |
2,805,273
+144,070
| +5% | +$17.1M |
|
28
XPeng
XPEV
$12.2B
| $343M | 1.39% |
9,643,583
-735,842
| -7% | -$29.2M |
|
|
DIDI
29
DELISTED
DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share
DIDI
| $301M | 1.23% |
40,485,696
| – | – |
|
|
30
Microsoft
MSFT
$2.83T
| $293M | 1.19% |
+1,040,142
| New | +$303M |
|
31
BioNTech
BNTX
$23.3B
| $282M | 1.15% |
1,033,985
-202,332
| -16% | -$64.3M |
|
|
API
32
Agora
API
$329M
| $277M | 1.13% |
9,562,594
| – | – |
|
33
Lam Research
LRCX
$400B
| $232M | 0.94% |
4,078,710
-1,715,480
| -30% | -$104M |
|
34
Global Payments
GPN
$21.3B
| $204M | 0.83% |
1,293,332
| – | – |
|
35
Bath & Body Works
BBWI
$3.9B
| $203M | 0.82% |
3,214,424
-761,818
| -19% | -$48.4M |
|
36
Pinterest
PINS
$12.3B
| $190M | 0.77% |
3,723,441
| – | – |
|
37
Insulet
PODD
$11B
| $167M | 0.68% |
586,401
-2,619
| -0.4% | -$747K |
|
|
DDL
38
Dingdong
DDL
$520M
| $161M | 0.65% |
7,029,666
+6,834,666
| +3,505% | +$155M |
|
|
NUAN
39
DELISTED
Nuance Communications, Inc.
NUAN
| $156M | 0.64% |
2,837,482
-10,615,081
| -79% | -$584M |
|
40
Broadcom
AVGO
$1.87T
| $154M | 0.63% |
3,175,840
| – | – |
|
41
Blend Labs
BLND
$409M
| $147M | 0.6% |
+11,236,100
| New | +$191M |
|
|
PLAN
42
DELISTED
Anaplan, Inc.
PLAN
| $145M | 0.59% |
2,382,943
-976,867
| -29% | -$58.2M |
|
43
Zillow
ZG
$6.76B
| $139M | 0.57% |
1,568,047
-36,858
| -2% | -$3.76M |
|
44
Affirm
AFRM
$23.8B
| $129M | 0.52% |
+1,082,269
| New | +$86.5M |
|
45
KE Holdings
BEKE
$17B
| $126M | 0.51% |
+6,891,039
| New | +$168M |
|
46
Oscar Health
OSCR
$8.72B
| $108M | 0.44% |
6,193,324
-116,261
| -2% | -$1.97M |
|
47
Snap
SNAP
$7.42B
| $93.9M | 0.38% |
1,271,497
+1,117,013
| +723% | +$80.7M |
|
48
NVIDIA
NVDA
$5.06T
| $81.6M | 0.33% |
3,941,170
-4,247,230
| -52% | -$88.2M |
|
|
NKLA
49
DELISTED
Nikola Corporation Common Stock
NKLA
| $81.1M | 0.33% |
253,309
-66,254
| -21% | -$23.2M |
|
50
BILL Holdings
BILL
$4.11B
| $77.2M | 0.31% |
289,074
-1,214
| -0.4% | -$280K |
|
Similar funds
Philippe Laffont's Q3 2021 Portfolio in Review
As of Q3 2021, Philippe Laffont held 90 positions worth $24.6B, down 4.8% from $25.8B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Philippe Laffont withdrew a net $833M in Q3 2021, closing 13 positions and reducing 37 holdings. Its most notable exit was Datadog, an estimated $100M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Philippe Laffont opened a new position in Microsoft worth $293M.
- Philippe Laffont's largest Q3 2021 buy was Microsoft: 1,040,142 shares worth $293M.
- Philippe Laffont added most to Kanzhun in Q3 2021, an estimated $779M increase.
- Philippe Laffont's biggest Q3 2021 reduction was Amazon, cutting an estimated $755M.
- Philippe Laffont fully exited Datadog in Q3 2021, selling an estimated $100M.
- Philippe Laffont's ten largest holdings make up 45% of its $24.6B portfolio in Q3 2021.
- Philippe Laffont opened 13 new positions and closed 13 in Q3 2021.
- Philippe Laffont's portfolio value fell 4.8% quarter-over-quarter to $24.6B.
Based on Coatue Management's 13F filing for Q3 2021, filed 12 Nov 2021.