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 |
Spotify
SPOT
|
+$347M |
| 2 |
Intel
INTC
|
+$319M |
| 3 |
Adobe
ADBE
|
+$257M |
| 4 |
Microsoft
MSFT
|
+$252M |
| 5 |
ServiceNow
NOW
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$499M |
| 2 |
TWTR
Twitter, Inc.
TWTR
|
+$341M |
| 3 |
Apple
AAPL
|
+$324M |
| 4 |
Snap
SNAP
|
+$323M |
| 5 |
Broadcom
AVGO
|
+$297M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 42.05% |
| 2 | Technology | 36.05% |
| 3 | Consumer Discretionary | 13.89% |
| 4 | Financials | 4.58% |
| 5 | Consumer Staples | 2.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Dollar General
DG
$25.4B
| $697K | 0.01% |
7,070
+5,611
| +385% | +$540K |
|
52
Children's Place
PLCE
$58.7M
| $683K | 0.01% |
+5,653
| New | +$732K |
|
53
lululemon athletica
LULU
$12.6B
| $663K | 0.01% |
5,310
+5,208
| +5,106% | +$555K |
|
|
EXPR
54
DELISTED
Express, Inc.
EXPR
| $649K | 0.01% |
3,545
+414
| +13% | +$71.8K |
|
|
FRGI
55
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $640K | 0.01% |
22,329
+22,167
| +13,683% | +$517K |
|
56
Macy's
M
$6.14B
| $596K | 0.01% |
+15,928
| New | +$534K |
|
|
TCS
57
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
| $591K | 0.01% |
+4,686
| New | +$496K |
|
58
United Airlines
UAL
$37.4B
| $564K | ﹤0.01% |
8,086
+7,613
| +1,610% | +$529K |
|
59
Shake Shack
SHAK
$2.26B
| $554K | ﹤0.01% |
8,374
+5,822
| +228% | +$323K |
|
60
TJX Companies
TJX
$170B
| $527K | ﹤0.01% |
11,064
+9,250
| +510% | +$406K |
|
61
Chipotle Mexican Grill
CMG
$41.1B
| $524K | ﹤0.01% |
60,800
+30,750
| +102% | +$251K |
|
62
Target
TGT
$61.1B
| $484K | ﹤0.01% |
6,354
+860
| +16% | +$63.3K |
|
63
BJs Wholesale Club
BJ
$11.7B
| $473K | ﹤0.01% |
+20,000
| New | +$457K |
|
64
GameStop
GME
$9.58B
| $466K | ﹤0.01% |
127,880
-81,616
| -39% | -$280K |
|
65
Gogo Inc
GOGO
$510M
| $452K | ﹤0.01% |
92,951
+43,055
| +86% | +$288K |
|
|
TIF
66
DELISTED
Tiffany & Co.
TIF
| $449K | ﹤0.01% |
3,415
+2,693
| +373% | +$307K |
|
|
WW
67
DELISTED
WW International
WW
| $431K | ﹤0.01% |
+4,264
| New | +$335K |
|
|
SDRL
68
DELISTED
Seadrill Limited Common Stock
SDRL
| $424K | ﹤0.01% |
7,359
| – | – |
|
|
PIR
69
DELISTED
Pier 1 Imports, Inc.
PIR
| $383K | ﹤0.01% |
8,057
+8,004
| +15,102% | +$433K |
|
70
Walmart Inc
WMT
$863B
| $368K | ﹤0.01% |
12,915
+7,872
| +156% | +$224K |
|
|
SMRT
71
DELISTED
Stein Mart Inc
SMRT
| $351K | ﹤0.01% |
+143,111
| New | +$360K |
|
|
BBBY
72
DELISTED
Bed Bath & Beyond Inc
BBBY
| $349K | ﹤0.01% |
17,514
-7,608
| -30% | -$142K |
|
73
Texas Roadhouse
TXRH
$12.5B
| $344K | ﹤0.01% |
5,257
-9,588
| -65% | -$602K |
|
|
DFRG
74
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $327K | ﹤0.01% |
+25,916
| New | +$376K |
|
75
Best Buy
BBY
$17.8B
| $324K | ﹤0.01% |
4,337
+782
| +22% | +$57.8K |
|
Similar funds
Philippe Laffont's Q2 2018 Portfolio in Review
As of Q2 2018, Philippe Laffont held 165 positions worth $11.9B, down 1.7% from $12.1B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Philippe Laffont withdrew a net $1.59B in Q2 2018, closing 58 positions and reducing 30 holdings. Its most notable exit was Snap, an estimated $323M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 42% of assets, up from 40% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in Spotify worth $365M.
- Philippe Laffont's largest Q2 2018 buy was Spotify: 2,166,977 shares worth $365M.
- Philippe Laffont added most to Adobe in Q2 2018, an estimated $257M increase.
- Philippe Laffont's biggest Q2 2018 reduction was Micron Technology, cutting an estimated $499M.
- Philippe Laffont fully exited Snap in Q2 2018, selling an estimated $323M.
- Philippe Laffont's ten largest holdings make up 67% of its $11.9B portfolio in Q2 2018.
- Philippe Laffont opened 40 new positions and closed 58 in Q2 2018.
- Philippe Laffont's portfolio value fell 1.7% quarter-over-quarter to $11.9B.
Based on Coatue Management's 13F filing for Q2 2018, filed 14 Aug 2018.