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 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$223M |
| 2 |
Amazon
AMZN
|
+$194M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$161M |
| 4 |
Expedia Group
EXPE
|
+$156M |
| 5 |
T-Mobile US
TMUS
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$865M |
| 2 |
Baidu
BIDU
|
+$458M |
| 3 |
LNKD
LinkedIn Corporation
LNKD
|
+$332M |
| 4 |
Broadcom
AVGO
|
+$315M |
| 5 |
Micron Technology
MU
|
+$305M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.67% |
| 2 | Technology | 30.27% |
| 3 | Consumer Discretionary | 14.02% |
| 4 | Real Estate | 5.84% |
| 5 | Healthcare | 4.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.72T
| $1.07B | 10.68% |
34,188,944
+3,438,416
| +11% | +$110M |
|
2
Meta Platforms (Facebook)
META
$1.54T
| $749M | 7.47% |
8,733,801
+824,913
| +10% | +$67.4M |
|
|
3
Broadcom
AVGO
$1.87T
| $603M | 6.01% |
45,338,360
-24,043,790
| -35% | -$315M |
|
4
JD.com
JD
$40.6B
| $508M | 5.06% |
14,897,336
+3,257,188
| +28% | +$111M |
|
5
Charter Communications
CHTR
$15.6B
| $452M | 4.51% |
2,641,523
-963,674
| -27% | -$173M |
|
6
Electronic Arts
EA
$52.4B
| $382M | 3.81% |
5,746,677
-807,104
| -12% | -$49.6M |
|
7
Microsoft
MSFT
$2.83T
| $374M | 3.73% |
8,478,532
+1,308,448
| +18% | +$59.7M |
|
8
Equinix
EQIX
$102B
| $340M | 3.39% |
1,340,138
-629,243
| -32% | -$160M |
|
|
9
Amazon
AMZN
$2.51T
| $330M | 3.29% |
15,214,440
+9,291,820
| +157% | +$194M |
|
|
TWX
10
DELISTED
Time Warner Inc
TWX
| $271M | 2.7% |
3,103,343
| – | – |
|
11
Hain Celestial
HAIN
$49.1M
| $266M | 2.65% |
4,031,462
-342,504
| -8% | -$21.6M |
|
12
American Tower
AMT
$76.7B
| $245M | 2.44% |
2,628,969
-234,260
| -8% | -$22.2M |
|
|
BRCM
13
DELISTED
BROADCOM CORP CL-A
BRCM
| $236M | 2.36% |
+4,590,947
| New | +$223M |
|
14
Akamai
AKAM
$17.1B
| $235M | 2.34% |
3,365,502
-1,172,267
| -26% | -$87M |
|
15
Liberty Global Class A
LBTYA
$3.48B
| $234M | 2.33% |
5,240,538
-460,953
| -8% | -$20.5M |
|
16
Liberty Global Class C
LBTYK
$3.37B
| $217M | 2.17% |
5,303,648
+4,901
| +0.1% | +$203K |
|
|
PARA
17
DELISTED
Paramount Global Class B
PARA
| $215M | 2.14% |
3,867,977
| – | – |
|
|
18
Netflix
NFLX
$287B
| $188M | 1.88% |
20,060,950
-103,359,200
| -84% | -$865M |
|
|
AGN
19
DELISTED
Allergan plc
AGN
| $178M | 1.78% |
587,164
-734,286
| -56% | -$219M |
|
|
20
T-Mobile US
TMUS
$183B
| $165M | 1.65% |
+4,261,059
| New | +$153M |
|
|
21
Expedia Group
EXPE
$30.9B
| $164M | 1.64% |
+1,503,516
| New | +$156M |
|
|
KRFT
22
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $159M | 1.59% |
+1,870,850
| New | +$161M |
|
|
23
Baidu
BIDU
$36.5B
| $156M | 1.55% |
782,011
-2,235,845
| -74% | -$458M |
|
|
ATVI
24
DELISTED
Activision Blizzard
ATVI
| $155M | 1.55% |
6,414,914
-254,123
| -4% | -$6.2M |
|
25
Adobe
ADBE
$84.3B
| $155M | 1.54% |
+1,908,986
| New | +$149M |
|
Similar funds
Philippe Laffont's Q2 2015 Portfolio in Review
As of Q2 2015, Philippe Laffont held 70 positions worth $10B, down 4.7% from $10.5B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Philippe Laffont withdrew a net $919M in Q2 2015, closing 8 positions and reducing 16 holdings. Its most notable exit was Hilton Worldwide, an estimated $249M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 37% of assets, down from 47% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in BROADCOM CORP CL-A worth $236M.
- Philippe Laffont's largest Q2 2015 buy was BROADCOM CORP CL-A: 4,590,947 shares worth $236M.
- Philippe Laffont added most to Amazon in Q2 2015, an estimated $194M increase.
- Philippe Laffont's biggest Q2 2015 reduction was Netflix, cutting an estimated $865M.
- Philippe Laffont fully exited Hilton Worldwide in Q2 2015, selling an estimated $249M.
- Philippe Laffont's ten largest holdings make up 51% of its $10B portfolio in Q2 2015.
- Philippe Laffont opened 22 new positions and closed 8 in Q2 2015.
- Philippe Laffont's portfolio value fell 4.7% quarter-over-quarter to $10B.
Based on Coatue Management's 13F filing for Q2 2015, filed 14 Aug 2015.