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 | |
|---|---|---|---|---|---|---|
201
Edison International
EIX
$30.7B
| $577K | ﹤0.01% |
+7,648
| New | +$541K |
|
202
Iron Mountain
IRM
$38.8B
| $577K | ﹤0.01% |
+18,118
| New | +$594K |
|
203
Affiliated Managers Group
AMG
$9.39B
| $576K | ﹤0.01% |
+6,792
| New | +$557K |
|
|
TCO
204
DELISTED
Taubman Centers Inc.
TCO
| $575K | ﹤0.01% |
+18,501
| New | +$634K |
|
205
Dine Brands
DIN
$435M
| $570K | ﹤0.01% |
6,829
-17,102
| -71% | -$1.33M |
|
206
BJ's Restaurants
BJRI
$1.4B
| $565K | ﹤0.01% |
+14,895
| New | +$571K |
|
207
MSC Industrial Direct
MSM
$7.07B
| $564K | ﹤0.01% |
+7,189
| New | +$531K |
|
208
Dolby
DLB
$4.71B
| $557K | ﹤0.01% |
+8,102
| New | +$536K |
|
209
Bank OZK
OZK
$5.49B
| $552K | ﹤0.01% |
+18,086
| New | +$530K |
|
210
Atlassian
TEAM
$21.5B
| $552K | ﹤0.01% |
4,581
-32,104
| -88% | -$3.91M |
|
211
Valero Energy
VLO
$90.1B
| $552K | ﹤0.01% |
+5,893
| New | +$557K |
|
212
AES
AES
$10.6B
| $550K | ﹤0.01% |
+27,637
| New | +$494K |
|
213
BellRing Brands
BRBR
$1.54B
| $550K | ﹤0.01% |
+25,837
| New | +$506K |
|
214
International Flavors & Fragrances
IFF
$19.4B
| $543K | ﹤0.01% |
+4,205
| New | +$537K |
|
215
Owens Corning
OC
$11.5B
| $530K | ﹤0.01% |
+8,145
| New | +$521K |
|
216
Vistra
VST
$56.4B
| $529K | ﹤0.01% |
+23,017
| New | +$594K |
|
217
Avery Dennison
AVY
$12.2B
| $527K | ﹤0.01% |
+4,026
| New | +$508K |
|
|
SPTN
218
DELISTED
SpartanNash
SPTN
| $527K | ﹤0.01% |
37,023
-215,080
| -85% | -$2.84M |
|
|
SNBR
219
DELISTED
Sleep Number
SNBR
| $526K | ﹤0.01% |
10,678
+2,965
| +38% | +$141K |
|
220
The RealReal
REAL
$1.38B
| $523K | ﹤0.01% |
27,753
-3,020
| -10% | -$57.8K |
|
221
Flowserve
FLS
$9.31B
| $520K | ﹤0.01% |
+10,448
| New | +$500K |
|
222
Molina Healthcare
MOH
$10.2B
| $520K | ﹤0.01% |
+3,835
| New | +$483K |
|
223
Toll Brothers
TOL
$14.1B
| $519K | ﹤0.01% |
+13,131
| New | +$525K |
|
224
Arthur J. Gallagher & Co
AJG
$63.1B
| $514K | ﹤0.01% |
+5,397
| New | +$494K |
|
225
Aon
AON
$76.8B
| $514K | ﹤0.01% |
+2,470
| New | +$489K |
|
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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.