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 |
JD.com
JD
|
+$390M |
| 2 |
Tesla
TSLA
|
+$333M |
| 3 |
Wolfspeed
WOLF
|
+$216M |
| 4 |
CrowdStrike
CRWD
|
+$180M |
| 5 |
Lam Research
LRCX
|
+$145M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ServiceNow
NOW
|
+$831M |
| 2 |
Mastercard
MA
|
+$624M |
| 3 |
Adobe
ADBE
|
+$475M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$415M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$400M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.06% |
| 2 | Consumer Discretionary | 27.55% |
| 3 | Communication Services | 23.16% |
| 4 | Healthcare | 5.63% |
| 5 | Financials | 5.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Citi Trends
CTRN
$524M
| $213K | ﹤0.01% |
+23,961
| New | +$463K |
|
|
AAN.A
127
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $212K | ﹤0.01% |
9,287
-7,096
| -43% | -$162K |
|
128
Cheesecake Factory
CAKE
$4.21B
| $210K | ﹤0.01% |
+12,282
| New | +$414K |
|
129
Vitamin Cottage Natural Grocers
NGVC
$691M
| $210K | ﹤0.01% |
+24,670
| New | +$212K |
|
|
SGI
130
Somnigroup International
SGI
$15.1B
| $207K | ﹤0.01% |
+18,980
| New | +$361K |
|
131
Chegg
CHGG
$108M
| $206K | ﹤0.01% |
5,752
-938
| -14% | -$36.6K |
|
132
Abercrombie & Fitch
ANF
$4.17B
| $204K | ﹤0.01% |
22,402
-4,666
| -17% | -$67.6K |
|
|
ZNGA
133
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $196K | ﹤0.01% |
+28,685
| New | +$189K |
|
134
Fossil Group
FOSL
$239M
| $183K | ﹤0.01% |
+55,683
| New | +$328K |
|
135
Upbound Group
UPBD
$1.19B
| $172K | ﹤0.01% |
12,140
-1,100
| -8% | -$26.5K |
|
136
Axogen
AXGN
$2.1B
| $171K | ﹤0.01% |
+16,474
| New | +$210K |
|
|
CONN
137
DELISTED
Conn's Inc.
CONN
| $169K | ﹤0.01% |
40,328
-12,329
| -23% | -$101K |
|
138
Bath & Body Works
BBWI
$4.01B
| $168K | ﹤0.01% |
+18,009
| New | +$286K |
|
|
ODP
139
DELISTED
ODP
ODP
| $159K | ﹤0.01% |
9,702
+2,612
| +37% | +$58.4K |
|
|
HIBB
140
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $123K | ﹤0.01% |
+11,278
| New | +$235K |
|
141
Sally Beauty Holdings
SBH
$1.4B
| $117K | ﹤0.01% |
+14,475
| New | +$192K |
|
142
Macy's
M
$6.15B
| $112K | ﹤0.01% |
22,770
-113,550
| -83% | -$1.54M |
|
143
Ethan Allen Interiors
ETD
$581M
| $104K | ﹤0.01% |
+10,206
| New | +$149K |
|
|
TVTY
144
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $102K | ﹤0.01% |
+16,219
| New | +$262K |
|
145
Alphatec Holdings
ATEC
$1.27B
| $100K | ﹤0.01% |
+28,958
| New | +$166K |
|
|
HOME
146
DELISTED
At Home Group Inc.
HOME
| $84K | ﹤0.01% |
+41,685
| New | +$205K |
|
147
Sportsman's Warehouse
SPWH
$43.7M
| $77K | ﹤0.01% |
+12,445
| New | +$77.6K |
|
148
Coty
COTY
$2.33B
| $62K | ﹤0.01% |
+12,046
| New | +$113K |
|
|
FRBK
149
DELISTED
Republic First Bancorp Inc
FRBK
| $23K | ﹤0.01% |
+10,593
| New | +$33.5K |
|
|
TDAY
150
USA Today Co
TDAY
$1.23B
| $20K | ﹤0.01% |
13,439
-1,992
| -13% | -$9.84K |
|
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Philippe Laffont's Q1 2020 Portfolio in Review
As of Q1 2020, Philippe Laffont held 449 positions worth $7.89B, down 37% from $12.6B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Philippe Laffont withdrew a net $4.02B in Q1 2020, closing 299 positions and reducing 60 holdings. Its most notable exit was Activision Blizzard, an estimated $321M position sold in full.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 41% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Philippe Laffont opened a new position in JD.com worth $395M.
- Philippe Laffont's largest Q1 2020 buy was JD.com: 9,752,558 shares worth $395M.
- Philippe Laffont added most to Nike in Q1 2020, an estimated $128M increase.
- Philippe Laffont's biggest Q1 2020 reduction was ServiceNow, cutting an estimated $831M.
- Philippe Laffont fully exited Activision Blizzard in Q1 2020, selling an estimated $321M.
- Philippe Laffont's ten largest holdings make up 56% of its $7.89B portfolio in Q1 2020.
- Philippe Laffont opened 66 new positions and closed 299 in Q1 2020.
- Philippe Laffont's portfolio value fell 37% quarter-over-quarter to $7.89B.
Based on Coatue Management's 13F filing for Q1 2020, filed 15 May 2020.