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 | |
|---|---|---|---|---|---|---|
|
CONN
176
DELISTED
Conn's Inc.
CONN
| $652K | 0.01% |
+52,657
| New | +$1.1M |
|
177
LKQ Corp
LKQ
$6.57B
| $647K | 0.01% |
+18,114
| New | +$615K |
|
|
CLGX
178
DELISTED
Corelogic, Inc.
CLGX
| $645K | 0.01% |
+14,752
| New | +$627K |
|
179
Planet Fitness
PLNT
$4.28B
| $641K | 0.01% |
8,587
-41,266
| -83% | -$2.78M |
|
180
Kohl's
KSS
$2.09B
| $638K | 0.01% |
12,522
-70,058
| -85% | -$3.56M |
|
181
Walt Disney
DIS
$166B
| $637K | 0.01% |
4,405
-56,509
| -93% | -$7.89M |
|
182
Diamondback Energy
FANG
$58.2B
| $637K | 0.01% |
+6,858
| New | +$569K |
|
183
Apple
AAPL
$4.9T
| $631K | 0.01% |
+8,596
| New | +$553K |
|
|
RP
184
DELISTED
RealPage, Inc.
RP
| $631K | 0.01% |
+11,742
| New | +$669K |
|
|
GRUB
185
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $629K | 0.01% |
+6,465
| New | +$592K |
|
186
American International
AIG
$41.7B
| $621K | ﹤0.01% |
+12,091
| New | +$641K |
|
187
Lazard
LAZ
$4.36B
| $615K | ﹤0.01% |
+15,395
| New | +$582K |
|
188
Jack Henry & Associates
JKHY
$10.7B
| $612K | ﹤0.01% |
+4,198
| New | +$613K |
|
189
Macerich
MAC
$7.31B
| $612K | ﹤0.01% |
+22,725
| New | +$624K |
|
190
Ciena
CIEN
$55.4B
| $610K | ﹤0.01% |
+14,279
| New | +$544K |
|
191
Aptiv
APTV
$12B
| $602K | ﹤0.01% |
+6,336
| New | +$580K |
|
192
DuPont de Nemours
DD
$18.7B
| $600K | ﹤0.01% |
+7,441
| New | +$618K |
|
|
OPLN
193
Openlane
OPLN
$4.17B
| $598K | ﹤0.01% |
+27,427
| New | +$625K |
|
194
W.W. Grainger
GWW
$64.9B
| $596K | ﹤0.01% |
+1,762
| New | +$559K |
|
195
Alkermes
ALKS
$8.83B
| $591K | ﹤0.01% |
+28,990
| New | +$576K |
|
196
GrafTech
EAF
$192M
| $590K | ﹤0.01% |
+5,076
| New | +$638K |
|
|
LM
197
DELISTED
Legg Mason, Inc.
LM
| $589K | ﹤0.01% |
+16,391
| New | +$608K |
|
198
Guidewire Software
GWRE
$11.4B
| $587K | ﹤0.01% |
5,347
-4,800
| -47% | -$537K |
|
199
Occidental Petroleum
OXY
$56.7B
| $583K | ﹤0.01% |
+14,143
| New | +$567K |
|
200
Cooper Companies
COO
$13.7B
| $578K | ﹤0.01% |
+7,200
| New | +$543K |
|
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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.