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 | |
|---|---|---|---|---|---|---|
|
ODP
101
DELISTED
ODP
ODP
| $249K | ﹤0.01% |
+7,765
| New | +$232K |
|
102
Expedia Group
EXPE
$30.9B
| $243K | ﹤0.01% |
+1,866
| New | +$242K |
|
|
SHOE
103
Shoe Station Group
SHOE
$388M
| $238K | ﹤0.01% |
12,374
+10,838
| +706% | +$193K |
|
104
Texas Roadhouse
TXRH
$12.5B
| $233K | ﹤0.01% |
3,364
-1,893
| -36% | -$129K |
|
105
Vitamin Cottage Natural Grocers
NGVC
$676M
| $223K | ﹤0.01% |
+13,194
| New | +$219K |
|
|
CONN
106
DELISTED
Conn's Inc.
CONN
| $223K | ﹤0.01% |
+6,293
| New | +$225K |
|
107
CVS Health
CVS
$136B
| $203K | ﹤0.01% |
+2,587
| New | +$185K |
|
108
Lands' End
LE
$358M
| $192K | ﹤0.01% |
+10,932
| New | +$257K |
|
|
EXPR
109
DELISTED
Express, Inc.
EXPR
| $185K | ﹤0.01% |
835
-2,710
| -76% | -$554K |
|
|
TTSH
110
DELISTED
Tile Shop Holdings
TTSH
| $72K | ﹤0.01% |
+10,016
| New | +$79.9K |
|
111
Advance Auto Parts
AAP
$3.22B
| – | – |
-2,026
| Closed | -$275K |
|
112
American Eagle Outfitters
AEO
$2.86B
| – | – |
-36,159
| Closed | -$840K |
|
|
AXON
113
Axon Enterprise
AXON
$39.6B
| – | – |
-1,241,636
| Closed | -$78.4M |
|
114
AutoZone
AZO
$47.7B
| – | – |
-237
| Closed | -$159K |
|
|
BGFV
115
DELISTED
Big 5 Sporting Goods
BGFV
| – | – |
-26,159
| Closed | -$199K |
|
116
BJs Wholesale Club
BJ
$11.7B
| – | – |
-20,000
| Closed | -$473K |
|
117
Buckle
BKE
$2.16B
| – | – |
-28,923
| Closed | -$778K |
|
118
BrightView Holdings
BV
$1.32B
| – | – |
-5,000
| Closed | -$110K |
|
119
Casey's General Stores
CASY
$32.4B
| – | – |
-7,916
| Closed | -$832K |
|
120
Cinemark Holdings
CNK
$3.82B
| – | – |
-27,330
| Closed | -$959K |
|
121
Carter's
CRI
$1.38B
| – | – |
-1,804
| Closed | -$196K |
|
|
DENN
122
DELISTED
Denny's
DENN
| – | – |
-2,328
| Closed | -$37K |
|
123
Dollar General
DG
$25.4B
| – | – |
-7,070
| Closed | -$697K |
|
124
Duluth Holdings
DLTH
$160M
| – | – |
-8,315
| Closed | -$197K |
|
125
Brinker International
EAT
$7.93B
| – | – |
-4,893
| Closed | -$232K |
|
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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.