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Philippe Laffont

Philippe Laffont Coatue Management

AUM $29.1B
1-Year Est. Return 96.54%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-3.46%
1 Year Est. Return
+96.54%
3 Year Est. Return
+364.45%
5 Year Est. Return
+381.24%
10 Year Est. Return
+3,977.5%
AUM
$8.91B
AUM Growth
-$1.12B
Cap. Flow
-$515M
Cap. Flow %
-5.78%
Top 10 Hldgs %
54.79%
Holding
68
New
6
Increased
14
Reduced
19
Closed
13

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$425M
2
ADBE icon
Adobe
ADBE
+$184M
3
EXPE icon
Expedia Group
EXPE
+$181M
4
AGN
Allergan plc
AGN
+$172M
5
KHC icon
Kraft Heinz
KHC
+$142M

Sector Composition

Rank Sector Weight
1 Communication Services 36.89%
2 Technology 31.3%
3 Consumer Discretionary 13.84%
4 Real Estate 6.75%
5 Healthcare 5.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
CLF icon
51
Cleveland-Cliffs
CLF
$6.25B
$5.79M 0.07%
+2,373,591
New +$7.57M
SDRL
52
DELISTED
Seadrill Limited Common Stock
SDRL
$5.74M 0.06%
3,633
MU icon
53
Micron Technology
MU
$1.12T
$5.39M 0.06%
359,888
ATML
54
DELISTED
ATMEL CORP
ATML
$5.36M 0.06%
664,000
TRIP icon
55
TripAdvisor
TRIP
$1.57B
$692K 0.01%
10,977
-238,232
-96% -$18M
ATHM icon
56
Autohome
ATHM
$2.45B
-783,503
Closed -$39.6M
BABA icon
57
Alibaba
BABA
$273B
-1,395,613
Closed -$115M
CMCM
58
Cheetah Mobile
CMCM
$89.4M
-37,120
Closed -$5.33M
CRM icon
59
Salesforce
CRM
$129B
-557,922
Closed -$38.8M
EBAY icon
60
eBay
EBAY
$48.5B
-3,478,697
Closed -$88.2M
GE icon
61
GE Aerospace
GE
$362B
-646,005
Closed -$82.3M
MOMO
62
Hello Group
MOMO
$870M
-538,838
Closed -$8.68M
TMUS icon
63
T-Mobile US
TMUS
$184B
-4,261,059
Closed -$165M
YELP icon
64
Yelp
YELP
$1.35B
-825,952
Closed -$35.5M
BITA
65
DELISTED
Bitauto Holdings Limited
BITA
-663,737
Closed -$33.9M
WUBA
66
DELISTED
58.com Inc
WUBA
-531,149
Closed -$34M
JMEI
67
DELISTED
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
-17,423
Closed -$3.98M
KRFT
68
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
-1,870,850
Closed -$159M

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Philippe Laffont's Q3 2015 Portfolio in Review

As of Q3 2015, Philippe Laffont held 68 positions worth $8.91B, down 11% from $10B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Philippe Laffont withdrew a net $515M in Q3 2015, closing 13 positions and reducing 19 holdings. Its most notable exit was T-Mobile US, an estimated $165M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 37% of assets, up from 37% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Philippe Laffont opened a new position in Kraft Heinz worth $133M.

  • Philippe Laffont's largest Q3 2015 buy was Kraft Heinz: 1,878,656 shares worth $133M.
  • Philippe Laffont added most to Netflix in Q3 2015, an estimated $425M increase.
  • Philippe Laffont's biggest Q3 2015 reduction was Apple, cutting an estimated $203M.
  • Philippe Laffont fully exited T-Mobile US in Q3 2015, selling an estimated $165M.
  • Philippe Laffont's ten largest holdings make up 55% of its $8.91B portfolio in Q3 2015.
  • Philippe Laffont opened 6 new positions and closed 13 in Q3 2015.
  • Philippe Laffont's portfolio value fell 11% quarter-over-quarter to $8.91B.

Based on Coatue Management's 13F filing for Q3 2015, filed 13 Nov 2015.