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 | |
|---|---|---|---|---|---|---|
151
Alcoa
AA
$11.7B
| – | – |
-9,410
| Closed | -$202K |
|
152
Agilent Technologies
A
$39.1B
| – | – |
-5,196
| Closed | -$443K |
|
153
Apple
AAPL
$4.89T
| – | – |
-8,596
| Closed | -$631K |
|
154
AbbVie
ABBV
$458B
| – | – |
-8,406
| Closed | -$744K |
|
155
Archer Daniels Midland
ADM
$41.4B
| – | – |
-4,323
| Closed | -$200K |
|
156
Adaptive Biotechnologies
ADPT
$3.56B
| – | – |
-9,196
| Closed | -$275K |
|
157
Autodesk
ADSK
$44.3B
| – | – |
-1,316
| Closed | -$241K |
|
158
AES
AES
$10.6B
| – | – |
-27,637
| Closed | -$550K |
|
159
American International
AIG
$41.9B
| – | – |
-12,091
| Closed | -$621K |
|
160
Assurant
AIZ
$13.7B
| – | – |
-2,286
| Closed | -$300K |
|
161
Arthur J. Gallagher & Co
AJG
$63.7B
| – | – |
-5,397
| Closed | -$514K |
|
162
Alaska Air
ALK
$5.15B
| – | – |
-4,335
| Closed | -$294K |
|
163
Alkermes
ALKS
$8.82B
| – | – |
-28,990
| Closed | -$591K |
|
164
Applied Materials
AMAT
$426B
| – | – |
-11,507
| Closed | -$702K |
|
165
AMC Global Media
AMCX
$430M
| – | – |
-22,699
| Closed | -$897K |
|
166
Advanced Micro Devices
AMD
$851B
| – | – |
-5,714
| Closed | -$262K |
|
167
Affiliated Managers Group
AMG
$9.46B
| – | – |
-6,792
| Closed | -$576K |
|
168
Aon
AON
$77.3B
| – | – |
-2,470
| Closed | -$514K |
|
169
APA Corp
APA
$12.8B
| – | – |
-13,548
| Closed | -$347K |
|
170
Air Products & Chemicals
APD
$66.3B
| – | – |
-1,316
| Closed | -$309K |
|
171
Aptiv
APTV
$12B
| – | – |
-6,336
| Closed | -$602K |
|
172
Antero Resources
AR
$10.9B
| – | – |
-43,695
| Closed | -$125K |
|
173
AptarGroup
ATR
$8.45B
| – | – |
-1,795
| Closed | -$208K |
|
|
OPTU
174
Optimum Communications Inc
OPTU
$316M
| – | – |
-34,970
| Closed | -$956K |
|
175
Avery Dennison
AVY
$12.3B
| – | – |
-4,026
| Closed | -$527K |
|
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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.