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 |
DoorDash
DASH
|
+$1.4B |
| 2 |
Sunrun
RUN
|
+$648M |
| 3 |
Uber
UBER
|
+$418M |
| 4 |
API
Agora
API
|
+$416M |
| 5 |
AYX
Alteryx Inc
AYX
|
+$391M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VSLR
VIVINT SOLAR, INC.
VSLR
|
+$492M |
| 2 |
Tesla
TSLA
|
+$490M |
| 3 |
PLAN
Anaplan, Inc.
PLAN
|
+$241M |
| 4 |
SMAR
Smartsheet Inc.
SMAR
|
+$222M |
| 5 |
Global Payments
GPN
|
+$73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 42.57% |
| 2 | Consumer Discretionary | 27.34% |
| 3 | Communication Services | 17.95% |
| 4 | Financials | 6.41% |
| 5 | Industrials | 2.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Roku
ROKU
$21.1B
| $48.5M | 0.18% |
+146,153
| New | +$38.3M |
|
52
Okta
OKTA
$24.1B
| $47.5M | 0.18% |
186,639
| – | – |
|
53
Align Technology
ALGN
$12B
| $47M | 0.18% |
87,875
| – | – |
|
54
Boeing
BA
$165B
| $44.8M | 0.17% |
+209,359
| New | +$40.2M |
|
55
Under Armour Class C
UA
$2.92B
| $43.5M | 0.16% |
2,925,676
+412,194
| +16% | +$5.52M |
|
56
Li Auto
LI
$12.6B
| $42.5M | 0.16% |
1,475,012
+937,457
| +174% | +$25.7M |
|
57
Green Dot
GDOT
$753M
| $39.7M | 0.15% |
711,040
-540,255
| -43% | -$30.7M |
|
58
Liberty Media Series C
FWONK
$24.3B
| $35.5M | 0.13% |
860,899
-54,508
| -6% | -$2.11M |
|
59
American Eagle Outfitters
AEO
$2.85B
| $34.3M | 0.13% |
1,710,320
-2,065,079
| -55% | -$34.7M |
|
60
Inovio Pharmaceuticals
INO
$79.8M
| $31.7M | 0.12% |
298,077
| – | – |
|
|
LEAP.U
61
DELISTED
Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant
LEAP.U
| $27.4M | 0.1% |
1,830,000
| – | – |
|
62
Urban Outfitters
URBN
$5.99B
| $25.8M | 0.1% |
1,005,942
-1,237,574
| -55% | -$31.9M |
|
63
KE Holdings
BEKE
$16.8B
| $25M | 0.09% |
406,538
-93,462
| -19% | -$6.21M |
|
|
NKLA
64
DELISTED
Nikola Corporation Common Stock
NKLA
| $18.4M | 0.07% |
40,117
-83,132
| -67% | -$51.8M |
|
65
Lightspeed Commerce
LSPD
$1.3B
| $17.5M | 0.07% |
+248,162
| New | +$11.5M |
|
66
Snap
SNAP
$7.32B
| $17.2M | 0.06% |
+343,000
| New | +$14.2M |
|
67
Mercado Libre
MELI
$91.3B
| $17M | 0.06% |
+10,133
| New | +$14.3M |
|
68
StoneCo
STNE
$2.62B
| $16.7M | 0.06% |
+198,455
| New | +$13.3M |
|
|
COUP
69
DELISTED
Coupa Software Incorporated
COUP
| $15.9M | 0.06% |
47,005
+4,445
| +10% | +$1.37M |
|
70
Kodak
KODK
$806M
| $9.16M | 0.03% |
1,125,000
-125,000
| -10% | -$1.04M |
|
|
GTM
71
ZoomInfo Technologies
GTM
$861M
| $9.12M | 0.03% |
+189,144
| New | +$8.15M |
|
72
Opendoor
OPEN
$3.69B
| $7.68M | 0.03% |
+349,019
| New | +$7.32M |
|
|
SRNE
73
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $5.12M | 0.02% |
750,000
| – | – |
|
74
DexCom
DXCM
$27.6B
| $3.52M | 0.01% |
38,052
-106,852
| -74% | -$9.54M |
|
|
VLDR
75
DELISTED
Velodyne Lidar, Inc. Common Stock
VLDR
| $1.71M | 0.01% |
+75,000
| New | +$1.27M |
|
Similar funds
Philippe Laffont's Q4 2020 Portfolio in Review
As of Q4 2020, Philippe Laffont held 90 positions worth $26.7B, up 40% from $19.1B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Philippe Laffont deployed $3.82B of net new capital in Q4 2020, opening 17 new positions and adding to 26 existing holdings. Its largest new stake was DoorDash: 8,750,705 shares worth $1.25B.
By sector, the portfolio is most concentrated in Technology at 43% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Tesla, an estimated $490M trimmed.
- Philippe Laffont's largest Q4 2020 buy was DoorDash: 8,750,705 shares worth $1.25B.
- Philippe Laffont added most to Sunrun in Q4 2020, an estimated $648M increase.
- Philippe Laffont's biggest Q4 2020 reduction was Tesla, cutting an estimated $490M.
- Philippe Laffont fully exited VIVINT SOLAR, INC. in Q4 2020, selling an estimated $492M.
- Philippe Laffont's ten largest holdings make up 48% of its $26.7B portfolio in Q4 2020.
- Philippe Laffont opened 17 new positions and closed 14 in Q4 2020.
- Philippe Laffont's portfolio value rose 40% quarter-over-quarter to $26.7B.
Based on Coatue Management's 13F filing for Q4 2020, filed 16 Feb 2021.