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 |
Alibaba
BABA
|
+$378M |
| 2 |
Advanced Micro Devices
AMD
|
+$320M |
| 3 |
Microsoft
MSFT
|
+$275M |
| 4 |
Meta Platforms (Facebook)
META
|
+$263M |
| 5 |
Adobe
ADBE
|
+$245M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$354M |
| 2 |
Rivian
RIVN
|
+$332M |
| 3 |
Walt Disney
DIS
|
+$282M |
| 4 |
PayPal
PYPL
|
+$247M |
| 5 |
Visa
V
|
+$163M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Consumer Discretionary | 25.57% |
| 3 | Communication Services | 15.55% |
| 4 | Healthcare | 14.01% |
| 5 | Financials | 2.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
GitLab
GTLB
$5.1B
| $73.2M | 0.82% |
1,610,357
| – | – |
|
27
Applied Materials
AMAT
$447B
| $73.1M | 0.82% |
750,711
+233,597
| +45% | +$22.4M |
|
28
Equifax
EFX
$19.6B
| $57.4M | 0.64% |
295,362
| – | – |
|
29
Charter Communications
CHTR
$15.6B
| $56.3M | 0.63% |
+166,054
| New | +$58.4M |
|
30
NXP Semiconductors
NXPI
$70B
| $53.9M | 0.6% |
341,106
| – | – |
|
31
Pinduoduo
PDD
$119B
| $52.8M | 0.59% |
647,141
+281,244
| +77% | +$19.6M |
|
32
Okta
OKTA
$23.7B
| $52.7M | 0.59% |
771,743
+621,743
| +414% | +$35.5M |
|
33
Marvell Technology
MRVL
$188B
| $39.7M | 0.45% |
1,071,715
| – | – |
|
34
SoFi Technologies
SOFI
$21.4B
| $38.1M | 0.43% |
8,266,520
| – | – |
|
35
Zillow
Z
$6.77B
| $38M | 0.43% |
1,179,400
-1,179,400
| -50% | -$39.1M |
|
36
Generac Holdings
GNRC
$12.4B
| $37.9M | 0.43% |
376,605
+219,600
| +140% | +$24.9M |
|
37
Twilio
TWLO
$28.1B
| $33.3M | 0.37% |
679,903
+544,903
| +404% | +$31M |
|
38
Snowflake
SNOW
$91.9B
| $32M | 0.36% |
223,080
-263,503
| -54% | -$40.2M |
|
39
Alphabet (Google) Class A
GOOGL
$3.88T
| $31.8M | 0.36% |
+360,900
| New | +$34.3M |
|
40
Pinterest
PINS
$12.3B
| $30.7M | 0.34% |
1,265,676
-1,265,676
| -50% | -$30.2M |
|
|
VSXY
41
Victoria's Secret
VSXY
$6.58B
| $29.1M | 0.33% |
812,402
| – | – |
|
42
Li Auto
LI
$12.3B
| $28.9M | 0.32% |
+1,415,082
| New | +$26.9M |
|
|
SIVB
43
DELISTED
SVB Financial Group
SIVB
| $25.6M | 0.29% |
+111,447
| New | +$27.7M |
|
44
Mercado Libre
MELI
$91.2B
| $25M | 0.28% |
29,529
| – | – |
|
45
KE Holdings
BEKE
$17.8B
| $23.8M | 0.27% |
1,707,768
-1,758,248
| -51% | -$24.4M |
|
46
Synaptics
SYNA
$4.59B
| $22.3M | 0.25% |
234,521
| – | – |
|
47
UiPath
PATH
$5.28B
| $21.9M | 0.25% |
1,721,882
-2,234,489
| -56% | -$27.6M |
|
|
CFLT
48
DELISTED
Confluent
CFLT
| $21.5M | 0.24% |
964,582
-408,191
| -30% | -$9.46M |
|
49
Sunrun
RUN
$2.48B
| $20.1M | 0.23% |
+835,195
| New | +$22.3M |
|
50
Trip.com Group
TCOM
$27.1B
| $13.9M | 0.16% |
404,477
-1,097,217
| -73% | -$31.5M |
|
Similar funds
Philippe Laffont's Q4 2022 Portfolio in Review
As of Q4 2022, Philippe Laffont held 96 positions worth $8.92B, up 3.5% from $8.61B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Philippe Laffont deployed $437M of net new capital in Q4 2022, opening 12 new positions and adding to 25 existing holdings. Its largest new stake was Charter Communications: 166,054 shares worth $56.3M.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Uber, an estimated $354M trimmed.
- Philippe Laffont's largest Q4 2022 buy was Charter Communications: 166,054 shares worth $56.3M.
- Philippe Laffont added most to Alibaba in Q4 2022, an estimated $378M increase.
- Philippe Laffont's biggest Q4 2022 reduction was Uber, cutting an estimated $354M.
- Philippe Laffont fully exited Visa in Q4 2022, selling an estimated $163M.
- Philippe Laffont's ten largest holdings make up 58% of its $8.92B portfolio in Q4 2022.
- Philippe Laffont opened 12 new positions and closed 24 in Q4 2022.
- Philippe Laffont's portfolio value rose 3.5% quarter-over-quarter to $8.92B.
Based on Coatue Management's 13F filing for Q4 2022, filed 14 Feb 2023.