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 |
Enphase Energy
ENPH
|
+$220M |
| 2 |
JD.com
JD
|
+$154M |
| 3 |
Upstart Holdings
UPST
|
+$141M |
| 4 |
Amazon
AMZN
|
+$136M |
| 5 |
Alibaba
BABA
|
+$131M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rivian
RIVN
|
+$374M |
| 2 |
Visa
V
|
+$358M |
| 3 |
DoorDash
DASH
|
+$345M |
| 4 |
Snowflake
SNOW
|
+$288M |
| 5 |
Microsoft
MSFT
|
+$183M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 38.24% |
| 2 | Technology | 24.24% |
| 3 | Communication Services | 17.74% |
| 4 | Healthcare | 12.72% |
| 5 | Financials | 4.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
UiPath
PATH
$5.28B
| $77M | 0.93% |
+4,235,394
| New | +$79.2M |
|
27
SoFi Technologies
SOFI
$21.4B
| $76.6M | 0.93% |
+14,529,957
| New | +$98.2M |
|
28
Zillow
Z
$6.77B
| $74.9M | 0.91% |
2,358,800
| – | – |
|
|
29
Upstart Holdings
UPST
$2.64B
| $74.7M | 0.9% |
+2,362,290
| New | +$141M |
|
30
XPeng
XPEV
$12.2B
| $71.9M | 0.87% |
2,265,669
-557,259
| -20% | -$14.3M |
|
31
Novavax
NVAX
$1.29B
| $63.9M | 0.77% |
1,241,716
+358,270
| +41% | +$18.6M |
|
32
BioNTech
BNTX
$23.3B
| $62.9M | 0.76% |
421,590
| – | – |
|
33
Sea Limited
SE
$60.9B
| $61.9M | 0.75% |
925,132
-1,425,998
| -61% | -$122M |
|
|
34
DoorDash
DASH
$74B
| $60M | 0.73% |
935,161
-4,345,311
| -82% | -$345M |
|
35
Pinterest
PINS
$12.3B
| $57.3M | 0.69% |
3,156,352
+625,000
| +25% | +$13.1M |
|
36
Equifax
EFX
$19.6B
| $54M | 0.65% |
+295,362
| New | +$59.1M |
|
|
PARA
37
DELISTED
Paramount Global Class B
PARA
| $53.8M | 0.65% |
2,180,711
| – | – |
|
38
monday.com
MNDY
$3.03B
| $48.4M | 0.59% |
+469,309
| New | +$57M |
|
39
Palo Alto Networks
PANW
$265B
| $47.2M | 0.57% |
573,840
| – | – |
|
|
DDL
40
Dingdong
DDL
$520M
| $38.9M | 0.47% |
7,029,666
| – | – |
|
|
NKLA
41
DELISTED
Nikola Corporation Common Stock
NKLA
| $35.2M | 0.43% |
246,382
+82
| +0% | +$16.8K |
|
42
Williams-Sonoma
WSM
$25.7B
| $35M | 0.42% |
+630,294
| New | +$40.8M |
|
43
Li Auto
LI
$12.9B
| $34M | 0.41% |
887,794
+610,081
| +220% | +$16.3M |
|
|
VSXY
44
Victoria's Secret
VSXY
$6.58B
| $30M | 0.36% |
1,071,472
| – | – |
|
|
DOCU
45
DocuSign
DOCU
$8.98B
| $28.8M | 0.35% |
502,135
-961,821
| -66% | -$77.9M |
|
46
Synaptics
SYNA
$4.59B
| $27.7M | 0.34% |
+234,521
| New | +$34.4M |
|
47
QuantumScape Corp
QS
$3.15B
| $26.7M | 0.32% |
3,113,723
+2,441,276
| +363% | +$32.6M |
|
48
Snap
SNAP
$7.42B
| $26.7M | 0.32% |
+2,030,446
| New | +$46.3M |
|
49
Peloton Interactive
PTON
$2.61B
| $25.8M | 0.31% |
2,815,647
-5,798,512
| -67% | -$93M |
|
50
Trip.com Group
TCOM
$27.1B
| $24.4M | 0.3% |
+888,202
| New | +$19.8M |
|
Similar funds
Philippe Laffont's Q2 2022 Portfolio in Review
As of Q2 2022, Philippe Laffont held 83 positions worth $8.26B, down 40% from $13.7B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Philippe Laffont withdrew a net $942M in Q2 2022, closing 2 positions and reducing 20 holdings. Its most notable exit was Advanced Micro Devices, an estimated $29.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 38% of assets, down from 41% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Philippe Laffont opened a new position in Upstart Holdings worth $74.7M.
- Philippe Laffont's largest Q2 2022 buy was Upstart Holdings: 2,362,290 shares worth $74.7M.
- Philippe Laffont added most to Enphase Energy in Q2 2022, an estimated $220M increase.
- Philippe Laffont's biggest Q2 2022 reduction was Rivian, cutting an estimated $374M.
- Philippe Laffont fully exited Advanced Micro Devices in Q2 2022, selling an estimated $29.4M.
- Philippe Laffont's ten largest holdings make up 57% of its $8.26B portfolio in Q2 2022.
- Philippe Laffont opened 25 new positions and closed 2 in Q2 2022.
- Philippe Laffont's portfolio value fell 40% quarter-over-quarter to $8.26B.
Based on Coatue Management's 13F filing for Q2 2022, filed 15 Aug 2022.