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 |
Constellation Energy
CEG
|
+$560M |
| 2 |
Cadence Design Systems
CDNS
|
+$367M |
| 3 |
KKR & Co
KKR
|
+$322M |
| 4 |
Pinduoduo
PDD
|
+$280M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$253M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dell
DELL
|
+$762M |
| 2 |
Qualcomm
QCOM
|
+$709M |
| 3 |
Salesforce
CRM
|
+$491M |
| 4 |
NVIDIA
NVDA
|
+$427M |
| 5 |
Amphenol
APH
|
+$418M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.08% |
| 2 | Consumer Discretionary | 16.55% |
| 3 | Communication Services | 14.85% |
| 4 | Industrials | 12.8% |
| 5 | Utilities | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Intuit
INTU
$77B
| $311M | 1.15% |
500,389
| – | – |
|
27
Alibaba
BABA
$273B
| $288M | 1.07% |
2,714,216
+2,441,557
| +895% | +$200M |
|
28
Spotify
SPOT
$96.4B
| $280M | 1.04% |
+760,249
| New | +$253M |
|
29
DoorDash
DASH
$74B
| $280M | 1.04% |
+1,958,333
| New | +$238M |
|
|
30
Chipotle Mexican Grill
CMG
$41.1B
| $264M | 0.98% |
+4,575,054
| New | +$253M |
|
31
Applovin
APP
$134B
| $260M | 0.97% |
1,993,596
-294,807
| -13% | -$26.9M |
|
32
KraneShares CSI China Internet ETF
KWEB
$5.2B
| $247M | 0.92% |
+7,257,156
| New | +$195M |
|
33
Eli Lilly
LLY
$1.06T
| $220M | 0.82% |
247,950
+40,904
| +20% | +$36.8M |
|
34
Uber
UBER
$140B
| $219M | 0.81% |
2,910,927
-1,130,965
| -28% | -$79.6M |
|
|
35
Qualcomm
QCOM
$180B
| $209M | 0.78% |
1,230,343
-4,012,797
| -77% | -$709M |
|
36
Shopify
SHOP
$145B
| $204M | 0.76% |
2,547,675
-1,170,442
| -31% | -$80.8M |
|
37
iShares China Large-Cap ETF
FXI
$4.29B
| $157M | 0.58% |
+4,932,011
| New | +$130M |
|
38
Domino's
DPZ
$10.7B
| $139M | 0.52% |
322,621
-34,008
| -10% | -$14.8M |
|
39
ResMed
RMD
$27.8B
| $116M | 0.43% |
+473,179
| New | +$106M |
|
40
Alphabet (Google) Class C
GOOG
$3.88T
| $111M | 0.41% |
663,296
+46,312
| +8% | +$7.84M |
|
41
Enphase Energy
ENPH
$5.13B
| $109M | 0.4% |
960,700
| – | – |
|
42
NextEra Energy
NEE
$187B
| $96.5M | 0.36% |
1,141,600
+75,517
| +7% | +$5.89M |
|
|
43
Dell
DELL
$284B
| $91M | 0.34% |
767,896
-6,543,956
| -89% | -$762M |
|
44
Generac Holdings
GNRC
$12.4B
| $89M | 0.33% |
559,911
| – | – |
|
|
DOCU
45
DocuSign
DOCU
$8.98B
| $88.3M | 0.33% |
1,422,245
| – | – |
|
46
Atlassian
TEAM
$20.3B
| $78.8M | 0.29% |
+496,131
| New | +$81.6M |
|
47
Sea Limited
SE
$60.9B
| $64M | 0.24% |
678,308
| – | – |
|
48
Pinterest
PINS
$12.3B
| $54.3M | 0.2% |
1,678,764
| – | – |
|
49
Zillow
Z
$6.77B
| $47.2M | 0.18% |
739,700
| – | – |
|
50
Quanta Services
PWR
$98.1B
| $40.2M | 0.15% |
134,911
+10,836
| +9% | +$2.86M |
|
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Philippe Laffont's Q3 2024 Portfolio in Review
As of Q3 2024, Philippe Laffont held 88 positions worth $26.9B, up 4.8% from $25.7B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Philippe Laffont's Q3 2024 filing shows 14 new, 20 increased, 17 reduced and 7 closed positions. Its largest new stake was Cadence Design Systems: 1,326,099 shares worth $359M. The largest sale was Dell, an estimated $762M.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 49% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Philippe Laffont's largest Q3 2024 buy was Cadence Design Systems: 1,326,099 shares worth $359M.
- Philippe Laffont added most to Constellation Energy in Q3 2024, an estimated $560M increase.
- Philippe Laffont's biggest Q3 2024 reduction was Dell, cutting an estimated $762M.
- Philippe Laffont fully exited Salesforce in Q3 2024, selling an estimated $491M.
- Philippe Laffont's ten largest holdings make up 56% of its $26.9B portfolio in Q3 2024.
- Philippe Laffont opened 14 new positions and closed 7 in Q3 2024.
- Philippe Laffont's portfolio value rose 4.8% quarter-over-quarter to $26.9B.
Based on Coatue Management's 13F filing for Q3 2024, filed 14 Nov 2024.