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 |
Salesforce
CRM
|
+$485M |
| 2 |
Apple
AAPL
|
+$451M |
| 3 |
Domino's
DPZ
|
+$294M |
| 4 |
DOCU
DocuSign
DOCU
|
+$222M |
| 5 |
BILL Holdings
BILL
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$444M |
| 2 |
Intuit
INTU
|
+$403M |
| 3 |
TSMC
TSM
|
+$196M |
| 4 |
Meta Platforms (Facebook)
META
|
+$177M |
| 5 |
Uber
UBER
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 46.32% |
| 2 | Communication Services | 16.83% |
| 3 | Consumer Discretionary | 15.47% |
| 4 | Industrials | 7.26% |
| 5 | Healthcare | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
UiPath
PATH
$5.62B
| $56M | 0.23% |
2,255,011
-1,214,932
| -35% | -$23.7M |
|
52
UBS Group
UBS
$170B
| $55M | 0.23% |
+1,778,323
| New | +$46.8M |
|
53
Pinterest
PINS
$12.4B
| $53.4M | 0.22% |
1,441,588
-1,089,764
| -43% | -$34.3M |
|
54
NetEase
NTES
$76.5B
| $52.5M | 0.22% |
+563,890
| New | +$59.9M |
|
55
Cadence Design Systems
CDNS
$90B
| $50.7M | 0.21% |
+186,048
| New | +$47.9M |
|
56
Synopsys
SNPS
$71.5B
| $48.9M | 0.21% |
+95,058
| New | +$48.6M |
|
|
57
Alphabet (Google) Class C
GOOG
$3.9T
| $47.6M | 0.2% |
337,422
-956,836
| -74% | -$130M |
|
58
Applovin
APP
$132B
| $46M | 0.19% |
1,153,420
| – | – |
|
59
KraneShares CSI China Internet ETF
KWEB
$5.2B
| $44.9M | 0.19% |
1,664,814
+5,637
| +0.3% | +$153K |
|
|
XYZ
60
Block Inc
XYZ
$45.9B
| $41.5M | 0.17% |
536,355
-296,999
| -36% | -$16.8M |
|
61
Intel
INTC
$464B
| $41.1M | 0.17% |
+817,955
| New | +$33.2M |
|
62
NXP Semiconductors
NXPI
$68B
| $39.5M | 0.17% |
171,850
+17,032
| +11% | +$3.43M |
|
63
Zillow
Z
$7.04B
| $34.1M | 0.14% |
589,700
-589,700
| -50% | -$26M |
|
|
MPT
64
Medical Properties Trust
MPT
$2.89B
| $33.4M | 0.14% |
6,806,501
+1,060,830
| +18% | +$5.19M |
|
65
NextEra Energy
NEE
$187B
| $32.9M | 0.14% |
+540,850
| New | +$30.8M |
|
|
66
TSMC
TSM
$2.09T
| $32.5M | 0.14% |
312,466
-2,059,097
| -87% | -$196M |
|
|
NVO
67
Novo Nordisk
NVO
$216B
| $32.2M | 0.13% |
311,011
-179,705
| -37% | -$17.8M |
|
68
Generac Holdings
GNRC
$11.9B
| $30.5M | 0.13% |
235,911
-324,911
| -58% | -$35.6M |
|
69
Upstart Holdings
UPST
$2.58B
| $28M | 0.12% |
684,792
-980,051
| -59% | -$29.8M |
|
70
QuantumScape Corp
QS
$3B
| $23.2M | 0.1% |
3,344,927
-2,641,748
| -44% | -$16.6M |
|
71
Trip.com Group
TCOM
$27.5B
| $18.5M | 0.08% |
514,396
+389,557
| +312% | +$13.3M |
|
72
ON Semiconductor
ON
$33.8B
| $18.4M | 0.08% |
220,296
-40,490
| -16% | -$3.18M |
|
73
Ally Financial
ALLY
$13.1B
| $16.5M | 0.07% |
+473,161
| New | +$13.2M |
|
74
iShares Expanded Tech-Software Sector ETF
IGV
$13B
| $16M | 0.07% |
+197,485
| New | +$14.6M |
|
75
Affirm
AFRM
$23.5B
| $15M | 0.06% |
+305,104
| New | +$8.82M |
|
Similar funds
Philippe Laffont's Q4 2023 Portfolio in Review
As of Q4 2023, Philippe Laffont held 115 positions worth $23.8B, up 21% from $19.7B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Philippe Laffont deployed $831M of net new capital in Q4 2023, opening 29 new positions and adding to 19 existing holdings. Its largest new stake was Salesforce: 2,144,062 shares worth $564M.
By sector, the portfolio is most concentrated in Technology at 46% of assets, up from 41% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $444M trimmed.
- Philippe Laffont's largest Q4 2023 buy was Salesforce: 2,144,062 shares worth $564M.
- Philippe Laffont added most to Intuitive Surgical in Q4 2023, an estimated $154M increase.
- Philippe Laffont's biggest Q4 2023 reduction was Alphabet (Google) Class A, cutting an estimated $444M.
- Philippe Laffont fully exited Paramount Global Class B in Q4 2023, selling an estimated $63.1M.
- Philippe Laffont's ten largest holdings make up 57% of its $23.8B portfolio in Q4 2023.
- Philippe Laffont opened 29 new positions and closed 15 in Q4 2023.
- Philippe Laffont's portfolio value rose 21% quarter-over-quarter to $23.8B.
Based on Coatue Management's 13F filing for Q4 2023, filed 14 Feb 2024.