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 |
TWTR
Twitter, Inc.
TWTR
|
+$534M |
| 2 |
NVIDIA
NVDA
|
+$308M |
| 3 |
RingCentral
RNG
|
+$279M |
| 4 |
Dynatrace
DT
|
+$208M |
| 5 |
SMAR
Smartsheet Inc.
SMAR
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$372M |
| 2 |
Global Payments
GPN
|
+$274M |
| 3 |
Motorola Solutions
MSI
|
+$271M |
| 4 |
Uber
UBER
|
+$233M |
| 5 |
XYZ
Block Inc
XYZ
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.61% |
| 2 | Communication Services | 26.33% |
| 3 | Consumer Discretionary | 13.91% |
| 4 | Financials | 8.13% |
| 5 | Healthcare | 5.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
MarketAxess Holdings
MKTX
$4.08B
| $966K | 0.01% |
+2,547
| New | +$934K |
|
127
Teradata
TDC
$2.69B
| $958K | 0.01% |
+35,780
| New | +$995K |
|
|
OPTU
128
Optimum Communications Inc
OPTU
$323M
| $956K | 0.01% |
+34,970
| New | +$966K |
|
129
Lamb Weston
LW
$6.74B
| $947K | 0.01% |
+11,006
| New | +$886K |
|
|
AAN.A
130
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $936K | 0.01% |
+16,383
| New | +$936K |
|
|
CTXS
131
DELISTED
Citrix Systems Inc
CTXS
| $935K | 0.01% |
+8,429
| New | +$907K |
|
|
HTZ
132
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $928K | 0.01% |
58,937
-474,650
| -89% | -$7.11M |
|
133
Incyte
INCY
$23.6B
| $914K | 0.01% |
+10,471
| New | +$895K |
|
134
eBay
EBAY
$48.3B
| $912K | 0.01% |
+25,254
| New | +$915K |
|
135
Carvana
CVNA
$43.4B
| $901K | 0.01% |
+48,965
| New | +$819K |
|
136
AMC Global Media
AMCX
$439M
| $897K | 0.01% |
+22,699
| New | +$953K |
|
|
PPL
137
PPL Corp
PPL
$27.4B
| $885K | 0.01% |
+24,656
| New | +$826K |
|
138
Middleby
MIDD
$6.06B
| $875K | 0.01% |
+7,988
| New | +$917K |
|
|
CXO
139
DELISTED
CONCHO RESOURCES INC.
CXO
| $873K | 0.01% |
+9,967
| New | +$719K |
|
140
Element Solutions
ESI
$9.28B
| $866K | 0.01% |
+74,146
| New | +$818K |
|
141
Philip Morris
PM
$303B
| $851K | 0.01% |
+10,002
| New | +$824K |
|
|
WWE
142
DELISTED
World Wrestling Entertainment
WWE
| $845K | 0.01% |
+13,022
| New | +$824K |
|
143
Darden Restaurants
DRI
$22.6B
| $834K | 0.01% |
7,648
-1,570
| -17% | -$178K |
|
144
Boeing
BA
$167B
| $831K | 0.01% |
+2,551
| New | +$903K |
|
145
IPG Photonics
IPGP
$3.99B
| $806K | 0.01% |
+5,564
| New | +$775K |
|
146
S&P Global
SPGI
$125B
| $805K | 0.01% |
+2,947
| New | +$766K |
|
147
Mohawk Industries
MHK
$6.97B
| $797K | 0.01% |
+5,847
| New | +$795K |
|
148
Etsy
ETSY
$7.66B
| $787K | 0.01% |
17,760
-143,070
| -89% | -$6.82M |
|
149
Gartner
IT
$9.31B
| $787K | 0.01% |
+5,107
| New | +$780K |
|
150
Trade Desk
TTD
$8B
| $785K | 0.01% |
+30,210
| New | +$680K |
|
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Philippe Laffont's Q4 2019 Portfolio in Review
As of Q4 2019, Philippe Laffont held 483 positions worth $12.6B, up 7.7% from $11.7B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Philippe Laffont withdrew a net $514M in Q4 2019, closing 100 positions and reducing 69 holdings. Its most notable exit was Motorola Solutions, an estimated $271M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 40% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in Xerox worth $72.7M.
- Philippe Laffont's largest Q4 2019 buy was Xerox: 1,971,876 shares worth $72.7M.
- Philippe Laffont added most to Twitter, Inc. in Q4 2019, an estimated $534M increase.
- Philippe Laffont's biggest Q4 2019 reduction was Visa, cutting an estimated $372M.
- Philippe Laffont fully exited Motorola Solutions in Q4 2019, selling an estimated $271M.
- Philippe Laffont's ten largest holdings make up 54% of its $12.6B portfolio in Q4 2019.
- Philippe Laffont opened 268 new positions and closed 100 in Q4 2019.
- Philippe Laffont's portfolio value rose 7.7% quarter-over-quarter to $12.6B.
Based on Coatue Management's 13F filing for Q4 2019, filed 14 Feb 2020.