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 |
Netflix
NFLX
|
+$425M |
| 2 |
Adobe
ADBE
|
+$184M |
| 3 |
Expedia Group
EXPE
|
+$181M |
| 4 |
AGN
Allergan plc
AGN
|
+$172M |
| 5 |
The Kraft Heinz Company
KHC
|
+$142M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$203M |
| 2 |
T-Mobile US
TMUS
|
+$165M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$159M |
| 4 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$143M |
| 5 |
Alibaba
BABA
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.89% |
| 2 | Technology | 31.3% |
| 3 | Consumer Discretionary | 13.84% |
| 4 | Real Estate | 6.75% |
| 5 | Healthcare | 5.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$5.18T
| $751M | 8.43% |
27,249,956
-6,938,988
| -20% | -$203M |
2013 Q2
9 quarters
|
|
2
Meta Platforms (Facebook)
META
$1.64T
| $675M | 7.57% |
7,504,314
-1,229,487
| -14% | -$113M |
2013 Q3
8 quarters
|
|
|
3
Netflix
NFLX
$255B
| $615M | 6.91% |
59,599,600
+39,538,650
| +197% | +$425M |
2013 Q2
9 quarters
|
|
4
Broadcom
AVGO
$1.66T
| $542M | 6.09% |
43,383,380
-1,954,980
| -4% | -$24.7M |
2014 Q1
6 quarters
|
|
5
Charter Communications
CHTR
$15.8B
| $460M | 5.16% |
2,615,023
-26,500
| -1% | -$4.84M |
2013 Q2
9 quarters
|
|
6
JD.com
JD
$37.7B
| $429M | 4.82% |
16,467,357
+1,570,021
| +11% | +$45.4M |
2014 Q4
3 quarters
|
|
7
Equinix
EQIX
$104B
| $369M | 4.14% |
1,350,670
+10,532
| +0.8% | +$2.89M |
2015 Q1
2 quarters
|
|
|
8
Expedia Group
EXPE
$30.6B
| $362M | 4.06% |
3,074,660
+1,571,144
| +104% | +$181M |
2015 Q2
1 quarter
|
|
|
9
Adobe
ADBE
$94.6B
| $343M | 3.85% |
4,175,553
+2,266,567
| +119% | +$184M |
2015 Q2
1 quarter
|
|
10
Microsoft
MSFT
$3.89T
| $334M | 3.75% |
7,551,189
-927,343
| -11% | -$41.6M |
2014 Q2
5 quarters
|
|
11
Amazon
AMZN
$2.88T
| $332M | 3.72% |
12,955,400
-2,259,040
| -15% | -$57.1M |
2013 Q2
9 quarters
|
|
12
DELISTED
Electronic Arts
EA
| $315M | 3.54% |
4,655,623
-1,091,054
| -19% | -$76.5M |
2014 Q4
3 quarters
|
|
|
AGN
13
DELISTED
Allergan plc
AGN
| $312M | 3.5% |
1,147,785
+560,621
| +95% | +$172M |
2014 Q4
3 quarters
|
|
|
ATVI
14
DELISTED
Activision Blizzard
ATVI
| $274M | 3.08% |
8,871,189
+2,456,275
| +38% | +$68.5M |
2014 Q4
3 quarters
|
|
15
American Tower
AMT
$88.9B
| $232M | 2.61% |
2,642,113
+13,144
| +0.5% | +$1.24M |
2013 Q2
9 quarters
|
|
|
TWX
16
DELISTED
Time Warner Inc
TWX
| $213M | 2.39% |
3,103,343
| – | – |
2013 Q2
9 quarters
|
|
17
Hain Celestial
HAIN
$12.8M
| $209M | 2.34% |
4,048,833
+17,371
| +0.4% | +$1.1M |
2013 Q2
9 quarters
|
|
18
Liberty Global Class A
LBTYA
$3.58B
| $186M | 2.09% |
4,961,386
-279,152
| -5% | -$12.1M |
2013 Q2
9 quarters
|
|
19
Alphabet (Google) Class C
GOOG
$3.6T
| $181M | 2.03% |
5,799,240
+31,680
| +0.5% | +$973K |
2013 Q2
9 quarters
|
|
20
Akamai
AKAM
$12.3B
| $174M | 1.96% |
2,523,637
-841,865
| -25% | -$60.7M |
2014 Q2
5 quarters
|
|
21
Liberty Global Class C
LBTYK
$3.5B
| $165M | 1.86% |
4,642,613
-661,035
| -12% | -$26.7M |
2014 Q1
6 quarters
|
|
22
DELISTED
Paramount Global Class B
PARA
| $154M | 1.73% |
3,867,977
| – | – |
2013 Q2
9 quarters
|
|
|
23
The Kraft Heinz Company
KHC
$29.7B
| $133M | 1.49% |
+1,878,656
| New | +$142M |
2015 Q3
0 quarters
|
|
|
BRCM
24
DELISTED
BROADCOM CORP CL-A
BRCM
| $93.1M | 1.05% |
1,810,747
-2,780,200
| -61% | -$143M |
2015 Q2
1 quarter
|
|
25
Baidu
BIDU
$26.6B
| $88.2M | 0.99% |
641,723
-140,288
| -18% | -$23.1M |
2013 Q2
9 quarters
|
|
Similar funds
Philippe Laffont's Q3 2015 Portfolio in Review
As of Q3 2015, Philippe Laffont held 68 positions worth $8.91B, down 11% from $10B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Philippe Laffont withdrew a net $515M in Q3 2015, closing 13 positions and reducing 19 holdings. Its most notable exit was T-Mobile US, an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 37% of assets, down from 37% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in The Kraft Heinz Company worth $133M.
- Philippe Laffont's largest Q3 2015 buy was The Kraft Heinz Company: 1,878,656 shares worth $133M.
- Philippe Laffont added most to Netflix in Q3 2015, an estimated $425M increase.
- Philippe Laffont's biggest Q3 2015 reduction was Apple, cutting an estimated $203M.
- Philippe Laffont fully exited T-Mobile US in Q3 2015, selling an estimated $165M.
- Philippe Laffont's ten largest holdings make up 55% of its $8.91B portfolio in Q3 2015.
- Philippe Laffont opened 6 new positions and closed 13 in Q3 2015.
- Philippe Laffont's portfolio value fell 11% quarter-over-quarter to $8.91B.
Based on Coatue Management's 13F filing for Q3 2015, filed 13 Nov 2015.