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 |
Qualcomm
QCOM
|
+$530M |
| 2 |
Roku
ROKU
|
+$194M |
| 3 |
Apple
AAPL
|
+$166M |
| 4 |
DATA
Tableau Software, Inc.
DATA
|
+$159M |
| 5 |
Nike
NKE
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$597M |
| 2 |
Electronic Arts
EA
|
+$592M |
| 3 |
JD.com
JD
|
+$492M |
| 4 |
Shopify
SHOP
|
+$391M |
| 5 |
Meta Platforms (Facebook)
META
|
+$381M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 45.91% |
| 2 | Communication Services | 33.73% |
| 3 | Consumer Discretionary | 13.73% |
| 4 | Financials | 5.84% |
| 5 | Industrials | 0.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TLRD
51
DELISTED
Tailored Brands, Inc.
TLRD
| $850K | 0.01% |
+33,757
| New | +$775K |
|
52
Tilly's
TLYS
$114M
| $847K | 0.01% |
+44,711
| New | +$769K |
|
|
TBHC
53
DELISTED
The Brand House Collective
TBHC
| $812K | 0.01% |
+80,514
| New | +$871K |
|
54
Capri Holdings
CPRI
$1.8B
| $797K | 0.01% |
11,631
-1,084
| -9% | -$75.9K |
|
55
RH
RH
$3.31B
| $783K | 0.01% |
+5,978
| New | +$839K |
|
|
HABT
56
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $741K | 0.01% |
46,432
+25,160
| +118% | +$360K |
|
|
FRGI
57
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $696K | 0.01% |
26,014
+3,685
| +17% | +$106K |
|
58
Starbucks
SBUX
$119B
| $681K | 0.01% |
11,972
+8,805
| +278% | +$466K |
|
59
Lowe's Companies
LOW
$116B
| $673K | 0.01% |
5,863
-3,926
| -40% | -$409K |
|
60
Steven Madden
SHOO
$3.13B
| $657K | 0.01% |
18,627
-4,341
| -19% | -$161K |
|
61
American Airlines Group
AAL
$9.57B
| $655K | 0.01% |
+15,841
| New | +$619K |
|
62
1-800-Flowers.com
FLWS
$245M
| $655K | 0.01% |
+55,493
| New | +$719K |
|
|
ASNA
63
DELISTED
Ascena Retail Group, Inc.
ASNA
| $652K | 0.01% |
+7,137
| New | +$591K |
|
64
McDonald's
MCD
$189B
| $644K | 0.01% |
+3,849
| New | +$617K |
|
65
Williams-Sonoma
WSM
$26.7B
| $643K | 0.01% |
+19,572
| New | +$621K |
|
66
TJX Companies
TJX
$171B
| $628K | 0.01% |
11,214
+150
| +1% | +$7.71K |
|
67
J. Jill
JILL
$252M
| $609K | 0.01% |
+23,507
| New | +$731K |
|
68
Genesco
GCO
$400M
| $583K | 0.01% |
+12,378
| New | +$540K |
|
69
Dick's Sporting Goods
DKS
$18.5B
| $582K | 0.01% |
+16,415
| New | +$588K |
|
70
Designer Brands
DBI
$281M
| $568K | 0.01% |
16,751
-19,770
| -54% | -$578K |
|
|
JWN
71
DELISTED
Nordstrom
JWN
| $550K | 0.01% |
9,185
+6,339
| +223% | +$363K |
|
72
Murphy USA
MUSA
$11.4B
| $530K | 0.01% |
6,203
-6,042
| -49% | -$499K |
|
73
Wayfair
W
$11.2B
| $484K | 0.01% |
3,280
-4,227
| -56% | -$538K |
|
74
Citi Trends
CTRN
$526M
| $461K | ﹤0.01% |
16,041
+11,105
| +225% | +$328K |
|
75
La-Z-Boy
LZB
$1.59B
| $456K | ﹤0.01% |
+14,428
| New | +$459K |
|
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Philippe Laffont's Q3 2018 Portfolio in Review
As of Q3 2018, Philippe Laffont held 161 positions worth $9.54B, down 20% from $11.9B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Philippe Laffont withdrew a net $2.4B in Q3 2018, closing 51 positions and reducing 27 holdings. Its most notable exit was JD.com, an estimated $492M position sold in full.
By sector, the portfolio is most concentrated in Technology at 46% of assets, up from 36% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in Qualcomm worth $580M.
- Philippe Laffont's largest Q3 2018 buy was Qualcomm: 8,047,663 shares worth $580M.
- Philippe Laffont added most to Apple in Q3 2018, an estimated $166M increase.
- Philippe Laffont's biggest Q3 2018 reduction was Twitter, Inc., cutting an estimated $597M.
- Philippe Laffont fully exited JD.com in Q3 2018, selling an estimated $492M.
- Philippe Laffont's ten largest holdings make up 64% of its $9.54B portfolio in Q3 2018.
- Philippe Laffont opened 54 new positions and closed 51 in Q3 2018.
- Philippe Laffont's portfolio value fell 20% quarter-over-quarter to $9.54B.
Based on Coatue Management's 13F filing for Q3 2018, filed 14 Nov 2018.