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 |
Uber
UBER
|
+$444M |
| 2 |
XYZ
Block Inc
XYZ
|
+$308M |
| 3 |
Intuitive Surgical
ISRG
|
+$296M |
| 4 |
Global Payments
GPN
|
+$276M |
| 5 |
Motorola Solutions
MSI
|
+$235M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DATA
Tableau Software, Inc.
DATA
|
+$271M |
| 2 |
NVIDIA
NVDA
|
+$238M |
| 3 |
Micron Technology
MU
|
+$158M |
| 4 |
Amazon
AMZN
|
+$158M |
| 5 |
Tencent Music
TME
|
+$36.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 49.27% |
| 2 | Communication Services | 21.84% |
| 3 | Financials | 12.54% |
| 4 | Consumer Discretionary | 9.67% |
| 5 | Healthcare | 3.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Shutterstock
SSTK
$211M
| $358K | ﹤0.01% |
+9,133
| New | +$379K |
|
|
GLUU
152
DELISTED
Glu Mobile Inc.
GLUU
| $357K | ﹤0.01% |
+49,673
| New | +$457K |
|
153
Dillards
DDS
$8.89B
| $352K | ﹤0.01% |
5,644
+648
| +13% | +$41.7K |
|
|
BREW
154
DELISTED
Craft Brew Alliance, Inc.
BREW
| $351K | ﹤0.01% |
+25,099
| New | +$359K |
|
155
Church & Dwight Co
CHD
$23B
| $340K | ﹤0.01% |
+4,656
| New | +$346K |
|
156
Tapestry
TPR
$28.8B
| $330K | ﹤0.01% |
+10,396
| New | +$324K |
|
157
Brown-Forman Class B
BF.B
$12B
| $326K | ﹤0.01% |
5,876
+1,093
| +23% | +$58.3K |
|
158
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.31B
| $291K | ﹤0.01% |
7,587
-1,769
| -19% | -$66.6K |
|
159
Costco
COST
$413B
| $286K | ﹤0.01% |
1,084
-450
| -29% | -$112K |
|
|
REV
160
DELISTED
Revlon, Inc.
REV
| $202K | ﹤0.01% |
+10,470
| New | +$228K |
|
161
Fossil Group
FOSL
$239M
| $156K | ﹤0.01% |
13,608
-58,014
| -81% | -$712K |
|
162
Sportsman's Warehouse
SPWH
$44.9M
| $128K | ﹤0.01% |
33,909
-40,541
| -54% | -$172K |
|
|
CMCM
163
Cheetah Mobile
CMCM
$89.4M
| $47K | ﹤0.01% |
+2,625
| New | +$68.7K |
|
164
Gogo Inc
GOGO
$525M
| $44K | ﹤0.01% |
+11,057
| New | +$53.7K |
|
165
American Eagle Outfitters
AEO
$2.88B
| – | – |
-9,709
| Closed | -$216K |
|
166
AutoZone
AZO
$48.1B
| – | – |
-533
| Closed | -$545K |
|
|
BGFV
167
DELISTED
Big 5 Sporting Goods
BGFV
| – | – |
-285,645
| Closed | -$909K |
|
168
BJ's Restaurants
BJRI
$1.4B
| – | – |
-8,235
| Closed | -$389K |
|
169
AB InBev
BUD
$158B
| – | – |
-2,699
| Closed | -$227K |
|
170
Cheesecake Factory
CAKE
$4.23B
| – | – |
-10,788
| Closed | -$528K |
|
171
Avis
CAR
$5.73B
| – | – |
-5,837
| Closed | -$203K |
|
172
Capri Holdings
CPRI
$1.8B
| – | – |
-11,966
| Closed | -$547K |
|
173
Crocs
CROX
$6.75B
| – | – |
-31,641
| Closed | -$815K |
|
174
Dollar General
DG
$26.1B
| – | – |
-1,843
| Closed | -$220K |
|
175
Brinker International
EAT
$8.09B
| – | – |
-6,484
| Closed | -$288K |
|
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Philippe Laffont's Q2 2019 Portfolio in Review
As of Q2 2019, Philippe Laffont held 206 positions worth $11.8B, up 31% from $9.03B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Philippe Laffont deployed $1.91B of net new capital in Q2 2019, opening 90 new positions and adding to 39 existing holdings. Its largest new stake was Uber: 10,459,110 shares worth $485M.
By sector, the portfolio is most concentrated in Technology at 49% of assets, up from 48% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Tableau Software, Inc., an estimated $271M trimmed.
- Philippe Laffont's largest Q2 2019 buy was Uber: 10,459,110 shares worth $485M.
- Philippe Laffont added most to Motorola Solutions in Q2 2019, an estimated $235M increase.
- Philippe Laffont's biggest Q2 2019 reduction was Tableau Software, Inc., cutting an estimated $271M.
- Philippe Laffont fully exited Micron Technology in Q2 2019, selling an estimated $158M.
- Philippe Laffont's ten largest holdings make up 55% of its $11.8B portfolio in Q2 2019.
- Philippe Laffont opened 90 new positions and closed 42 in Q2 2019.
- Philippe Laffont's portfolio value rose 31% quarter-over-quarter to $11.8B.
Based on Coatue Management's 13F filing for Q2 2019, filed 14 Aug 2019.