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 |
Moderna
MRNA
|
+$445M |
| 2 |
XYZ
Block Inc
XYZ
|
+$385M |
| 3 |
DoorDash
DASH
|
+$254M |
| 4 |
Peloton Interactive
PTON
|
+$234M |
| 5 |
Netflix
NFLX
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kanzhun
BZ
|
+$805M |
| 2 |
Lam Research
LRCX
|
+$618M |
| 3 |
Pfizer
PFE
|
+$609M |
| 4 |
CFLT
Confluent
CFLT
|
+$493M |
| 5 |
Walt Disney
DIS
|
+$390M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.61% |
| 2 | Technology | 24.15% |
| 3 | Communication Services | 19.15% |
| 4 | Healthcare | 9.87% |
| 5 | Financials | 5.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
GameStop
GME
$9.5B
| $9.11M | 0.07% |
+218,788
| New | +$6.47M |
|
|
HTZWW
52
Hertz Global Holdings Warrants
HTZWW
$74.7M
| $8.56M | 0.06% |
557,397
+49,334
| +10% | +$696K |
|
53
GDS Holdings
GDS
$6.34B
| $7.93M | 0.06% |
+202,112
| New | +$8.25M |
|
54
Li Auto
LI
$12.6B
| $7.17M | 0.05% |
277,713
-2,140,533
| -89% | -$59M |
|
55
DexCom
DXCM
$27.6B
| $4.87M | 0.04% |
38,052
-80,292
| -68% | -$8.78M |
|
56
Zoom
ZM
$25.8B
| $2.44M | 0.02% |
20,770
-929,882
| -98% | -$126M |
|
57
Hertz
HTZ
$572M
| $2.37M | 0.02% |
+106,823
| New | +$2.24M |
|
|
MSDAU
58
DELISTED
MSD Acquisition Corp. Unit
MSDAU
| $2.23M | 0.02% |
225,649
-38,200
| -14% | -$381K |
|
59
Absci
ABSI
$1.28B
| – | – |
-1,483,667
| Closed | -$12.2M |
|
60
Affirm
AFRM
$23.5B
| – | – |
-866,820
| Closed | -$87.2M |
|
61
Applied Materials
AMAT
$426B
| – | – |
-1,889,195
| Closed | -$297M |
|
62
Appian
APPN
$1.74B
| – | – |
-299,180
| Closed | -$19.5M |
|
63
BILL Holdings
BILL
$4.33B
| – | – |
-289,074
| Closed | -$72M |
|
64
Blend Labs
BLND
$409M
| – | – |
-11,236,100
| Closed | -$82.5M |
|
|
65
Kanzhun
BZ
$6.89B
| – | – |
-23,074,632
| Closed | -$805M |
|
|
CFLT
66
DELISTED
Confluent
CFLT
| – | – |
-6,472,072
| Closed | -$493M |
|
67
Caribou Biosciences
CRBU
$156M
| – | – |
-557,669
| Closed | -$8.41M |
|
68
Datadog
DDOG
$87.9B
| – | – |
-62,193
| Closed | -$11.1M |
|
69
Fastly Inc
FSLY
$3.17B
| – | – |
-2,633,645
| Closed | -$93.4M |
|
70
Futu Holdings
FUTU
$13.9B
| – | – |
-511,801
| Closed | -$22.2M |
|
71
Guardant Health
GH
$19.5B
| – | – |
-261,603
| Closed | -$26.2M |
|
72
Global Payments
GPN
$22.1B
| – | – |
-1,293,332
| Closed | -$175M |
|
73
HubSpot
HUBS
$10.5B
| – | – |
-67,523
| Closed | -$44.5M |
|
|
74
Lam Research
LRCX
$382B
| – | – |
-8,600,250
| Closed | -$618M |
|
75
Lightspeed Commerce
LSPD
$1.3B
| – | – |
-248,572
| Closed | -$10.1M |
|
Similar funds
Philippe Laffont's Q1 2022 Portfolio in Review
As of Q1 2022, Philippe Laffont held 93 positions worth $13.7B, down 39% from $22.6B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Philippe Laffont withdrew a net $4.26B in Q1 2022, closing 35 positions and reducing 18 holdings. Its most notable exit was Kanzhun, an estimated $805M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, up from 36% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Philippe Laffont opened a new position in DocuSign worth $157M.
- Philippe Laffont's largest Q1 2022 buy was DocuSign: 1,463,956 shares worth $157M.
- Philippe Laffont added most to Moderna in Q1 2022, an estimated $445M increase.
- Philippe Laffont's biggest Q1 2022 reduction was Walt Disney, cutting an estimated $390M.
- Philippe Laffont fully exited Kanzhun in Q1 2022, selling an estimated $805M.
- Philippe Laffont's ten largest holdings make up 64% of its $13.7B portfolio in Q1 2022.
- Philippe Laffont opened 12 new positions and closed 35 in Q1 2022.
- Philippe Laffont's portfolio value fell 39% quarter-over-quarter to $13.7B.
Based on Coatue Management's 13F filing for Q1 2022, filed 16 May 2022.