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 |
Intuit
INTU
|
+$474M |
| 2 |
Eaton
ETN
|
+$434M |
| 3 |
Nu Holdings
NU
|
+$374M |
| 4 |
Shopify
SHOP
|
+$340M |
| 5 |
Maplebear
CART
|
+$312M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$482M |
| 2 |
XYZ
Block Inc
XYZ
|
+$474M |
| 3 |
TSMC
TSM
|
+$415M |
| 4 |
Amazon
AMZN
|
+$247M |
| 5 |
Oracle
ORCL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.62% |
| 2 | Communication Services | 21.09% |
| 3 | Consumer Discretionary | 15.69% |
| 4 | Healthcare | 7.44% |
| 5 | Industrials | 6.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Applied Materials
AMAT
$439B
| $203M | 1.03% |
1,468,915
-693,669
| -32% | -$99.5M |
|
27
Eli Lilly
LLY
$1.06T
| $188M | 0.95% |
349,650
+175,734
| +101% | +$90.6M |
|
28
Charter Communications
CHTR
$14.9B
| $187M | 0.95% |
425,434
-98,694
| -19% | -$41M |
|
29
Alphabet (Google) Class C
GOOG
$3.92T
| $171M | 0.87% |
+1,294,258
| New | +$168M |
|
30
Danaher
DHR
$134B
| $163M | 0.83% |
739,973
+1,680
| +0.2% | +$375K |
|
31
Albemarle
ALB
$13.8B
| $101M | 0.51% |
591,603
-100,250
| -14% | -$20M |
|
32
SolarEdge
SEDG
$2.76B
| $87.6M | 0.44% |
676,475
+549,091
| +431% | +$105M |
|
33
Pinduoduo
PDD
$118B
| $85.9M | 0.44% |
876,210
+64,687
| +8% | +$5.57M |
|
34
CrowdStrike
CRWD
$188B
| $79.9M | 0.41% |
1,909,060
-1,942,240
| -50% | -$75.5M |
|
35
Rivian
RIVN
$23.9B
| $74.6M | 0.38% |
3,073,203
-249,331
| -8% | -$5.82M |
|
36
Pinterest
PINS
$12.4B
| $68.4M | 0.35% |
2,531,352
| – | – |
|
|
PARA
37
DELISTED
Paramount Global Class B
PARA
| $63.1M | 0.32% |
4,894,992
-925
| -0% | -$13.7K |
|
38
Generac Holdings
GNRC
$12.3B
| $61.1M | 0.31% |
560,822
| – | – |
|
39
UiPath
PATH
$5.42B
| $59.4M | 0.3% |
3,469,943
| – | – |
|
40
C3.ai
AI
$1.27B
| $57.8M | 0.29% |
2,263,860
+789,430
| +54% | +$26.4M |
|
41
Zillow
Z
$6.82B
| $54.4M | 0.28% |
1,179,400
| – | – |
|
42
Upstart Holdings
UPST
$2.66B
| $47.5M | 0.24% |
1,664,843
| – | – |
|
43
Applovin
APP
$133B
| $46.1M | 0.23% |
1,153,420
| – | – |
|
44
Bloom Energy
BE
$59.1B
| $45.9M | 0.23% |
3,458,848
-638,423
| -16% | -$10M |
|
45
KraneShares CSI China Internet ETF
KWEB
$5.18B
| $45.4M | 0.23% |
+1,659,177
| New | +$47.2M |
|
|
NVO
46
Novo Nordisk
NVO
$217B
| $44.6M | 0.23% |
490,716
+220,088
| +81% | +$19.4M |
|
|
GAP
47
The Gap Inc
GAP
$6.78B
| $42.6M | 0.22% |
4,011,859
-85,276
| -2% | -$870K |
|
48
QuantumScape Corp
QS
$3.08B
| $40.1M | 0.2% |
5,986,675
+2,920,922
| +95% | +$23.8M |
|
|
XYZ
49
Block Inc
XYZ
$45.6B
| $36.9M | 0.19% |
833,354
-7,657,647
| -90% | -$474M |
|
|
MPT
50
Medical Properties Trust
MPT
$2.91B
| $31.3M | 0.16% |
+5,745,671
| New | +$46M |
|
Similar funds
Philippe Laffont's Q3 2023 Portfolio in Review
As of Q3 2023, Philippe Laffont held 100 positions worth $19.7B, down 3.4% from $20.4B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Philippe Laffont's Q3 2023 filing shows 9 new, 23 increased, 33 reduced and 14 closed positions. Its largest new stake was Shopify: 5,616,241 shares worth $306M. The largest sale was Microsoft, an estimated $482M.
By sector, the portfolio is most concentrated in Technology at 41% of assets, down from 47% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Philippe Laffont's largest Q3 2023 buy was Shopify: 5,616,241 shares worth $306M.
- Philippe Laffont added most to Intuit in Q3 2023, an estimated $474M increase.
- Philippe Laffont's biggest Q3 2023 reduction was Microsoft, cutting an estimated $482M.
- Philippe Laffont fully exited Ulta Beauty in Q3 2023, selling an estimated $216M.
- Philippe Laffont's ten largest holdings make up 59% of its $19.7B portfolio in Q3 2023.
- Philippe Laffont opened 9 new positions and closed 14 in Q3 2023.
- Philippe Laffont's portfolio value fell 3.4% quarter-over-quarter to $19.7B.
Based on Coatue Management's 13F filing for Q3 2023, filed 14 Nov 2023.