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 | |
|---|---|---|---|---|---|---|
151
Marriott International
MAR
$98.6B
| $777K | 0.01% |
+5,131
| New | +$687K |
|
|
DISH
152
DELISTED
DISH Network Corp.
DISH
| $773K | 0.01% |
+21,782
| New | +$754K |
|
153
Deere & Co
DE
$168B
| $765K | 0.01% |
+4,414
| New | +$760K |
|
|
JHG
154
DELISTED
Janus Henderson
JHG
| $759K | 0.01% |
+31,063
| New | +$740K |
|
155
Lennox International
LII
$18.9B
| $749K | 0.01% |
+3,072
| New | +$762K |
|
156
AbbVie
ABBV
$458B
| $744K | 0.01% |
+8,406
| New | +$698K |
|
157
Sprouts Farmers Market
SFM
$6.88B
| $721K | 0.01% |
37,235
-135,880
| -78% | -$2.63M |
|
158
Baker Hughes
BKR
$57.4B
| $720K | 0.01% |
+28,085
| New | +$639K |
|
159
Rollins
ROL
$18.5B
| $719K | 0.01% |
32,535
+11,065
| +52% | +$262K |
|
160
Old Dominion Freight Line
ODFL
$49.1B
| $718K | 0.01% |
+11,346
| New | +$697K |
|
161
Applied Materials
AMAT
$437B
| $702K | 0.01% |
11,507
-152,155
| -93% | -$8.55M |
|
162
Dropbox
DBX
$6.79B
| $701K | 0.01% |
39,162
+13,523
| +53% | +$255K |
|
163
HEICO Corp
HEI
$48.8B
| $694K | 0.01% |
+6,082
| New | +$748K |
|
164
Enovis
ENOV
$1.55B
| $689K | 0.01% |
+11,009
| New | +$623K |
|
165
United Airlines
UAL
$39.2B
| $689K | 0.01% |
+7,824
| New | +$702K |
|
166
Medtronic
MDT
$107B
| $687K | 0.01% |
+6,055
| New | +$664K |
|
|
DENN
167
DELISTED
Denny's
DENN
| $683K | 0.01% |
34,368
-68,747
| -67% | -$1.42M |
|
168
Conagra Brands
CAG
$7.03B
| $682K | 0.01% |
+19,928
| New | +$577K |
|
169
National Fuel Gas
NFG
$7.83B
| $681K | 0.01% |
+14,623
| New | +$667K |
|
170
Columbia Sportswear
COLM
$3.19B
| $678K | 0.01% |
+6,770
| New | +$643K |
|
|
NBL
171
DELISTED
Noble Energy, Inc.
NBL
| $675K | 0.01% |
+27,176
| New | +$577K |
|
|
VMW
172
DELISTED
VMware, Inc
VMW
| $670K | 0.01% |
4,414
-1,276
| -22% | -$200K |
|
173
Hilton Grand Vacations
HGV
$3.87B
| $659K | 0.01% |
+19,155
| New | +$659K |
|
|
COHR
174
DELISTED
Coherent Inc
COHR
| $658K | 0.01% |
+3,954
| New | +$612K |
|
175
Suburban Propane Partners
SPH
$1.23B
| $656K | 0.01% |
+30,022
| New | +$689K |
|
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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.