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 | 37.35% |
| 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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.98T
| $1.07B | 10.68% |
34,188,944
+3,438,416
| +11% | +$110M |
2013 Q2
8 quarters
|
|
2
Meta Platforms (Facebook)
META
$1.56T
| $749M | 7.47% |
8,733,801
+824,913
| +10% | +$67.4M |
2013 Q3
7 quarters
|
|
|
3
Broadcom
AVGO
$1.4T
| $603M | 6.01% |
45,338,360
-24,043,790
| -35% | -$315M |
2014 Q1
5 quarters
|
|
4
JD.com
JD
$39.3B
| $508M | 5.06% |
14,897,336
+3,257,188
| +28% | +$111M |
2014 Q4
2 quarters
|
|
5
Charter Communications
CHTR
$13.5B
| $452M | 4.51% |
2,641,523
-963,674
| -27% | -$173M |
2013 Q2
8 quarters
|
|
6
DELISTED
Electronic Arts
EA
| $382M | 3.81% |
5,746,677
-807,104
| -12% | -$49.6M |
2014 Q4
2 quarters
|
|
7
Microsoft
MSFT
$3.94T
| $374M | 3.73% |
8,478,532
+1,308,448
| +18% | +$59.7M |
2014 Q2
4 quarters
|
|
8
Equinix
EQIX
$100B
| $340M | 3.39% |
1,340,138
-629,243
| -32% | -$160M |
2015 Q1
1 quarter
|
|
|
9
Amazon
AMZN
$2.8T
| $330M | 3.29% |
15,214,440
+9,291,820
| +157% | +$194M |
2013 Q2
8 quarters
|
|
|
TWX
10
DELISTED
Time Warner Inc
TWX
| $271M | 2.7% |
3,103,343
| – | – |
2013 Q2
8 quarters
|
|
11
Hain Celestial
HAIN
$13.6M
| $266M | 2.65% |
4,031,462
-342,504
| -8% | -$21.6M |
2013 Q2
8 quarters
|
|
12
American Tower
AMT
$87.6B
| $245M | 2.44% |
2,628,969
-234,260
| -8% | -$22.2M |
2013 Q2
8 quarters
|
|
|
BRCM
13
DELISTED
BROADCOM CORP CL-A
BRCM
| $236M | 2.36% |
+4,590,947
| New | +$223M |
2015 Q2
0 quarters
|
|
14
Akamai
AKAM
$11.9B
| $235M | 2.34% |
3,365,502
-1,172,267
| -26% | -$87M |
2014 Q2
4 quarters
|
|
15
Liberty Global Class A
LBTYA
$3.29B
| $234M | 2.33% |
5,240,538
-460,953
| -8% | -$20.5M |
2013 Q2
8 quarters
|
|
16
Liberty Global Class C
LBTYK
$3.23B
| $217M | 2.17% |
5,303,648
+4,901
| +0.1% | +$203K |
2014 Q1
5 quarters
|
|
17
DELISTED
Paramount Global Class B
PARA
| $215M | 2.14% |
3,867,977
| – | – |
2013 Q2
8 quarters
|
|
|
18
Netflix
NFLX
$260B
| $188M | 1.88% |
20,060,950
-103,359,200
| -84% | -$865M |
2013 Q2
8 quarters
|
|
|
AGN
19
DELISTED
Allergan plc
AGN
| $178M | 1.78% |
587,164
-734,286
| -56% | -$219M |
2014 Q4
2 quarters
|
|
|
20
T-Mobile US
TMUS
$172B
| $165M | 1.65% |
+4,261,059
| New | +$153M |
2015 Q2
0 quarters
|
|
|
21
Expedia Group
EXPE
$30.8B
| $164M | 1.64% |
+1,503,516
| New | +$156M |
2015 Q2
0 quarters
|
|
|
KRFT
22
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $159M | 1.59% |
+1,870,850
| New | +$161M |
2015 Q2
0 quarters
|
|
|
23
Baidu
BIDU
$27.9B
| $156M | 1.55% |
782,011
-2,235,845
| -74% | -$458M |
2013 Q2
8 quarters
|
|
|
ATVI
24
DELISTED
Activision Blizzard
ATVI
| $155M | 1.55% |
6,414,914
-254,123
| -4% | -$6.2M |
2014 Q4
2 quarters
|
|
25
Adobe
ADBE
$93.1B
| $155M | 1.54% |
+1,908,986
| New | +$149M |
2015 Q2
0 quarters
|
|
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 Holdings Inc. Common Stock, 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 Holdings Inc. Common Stock 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.