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 |
Snap
SNAP
|
+$464M |
| 2 |
Gen Digital
GEN
|
+$359M |
| 3 |
eBay
EBAY
|
+$263M |
| 4 |
Broadcom
AVGO
|
+$196M |
| 5 |
Bank of America
BAC
|
+$192M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$308M |
| 2 |
Equinix
EQIX
|
+$137M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$127M |
| 4 |
F5
FFIV
|
+$119M |
| 5 |
SPLK
Splunk Inc
SPLK
|
+$56.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 44.38% |
| 2 | Technology | 26.37% |
| 3 | Consumer Discretionary | 14.58% |
| 4 | Financials | 9.55% |
| 5 | Real Estate | 3.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.54T
| $945M | 9.11% |
6,653,833
+567,633
| +9% | +$75.9M |
|
2
Liberty Broadband Class C
LBRDK
$4.26B
| $748M | 7.2% |
8,654,352
+5,463
| +0.1% | +$456K |
|
|
3
Broadcom
AVGO
$1.87T
| $643M | 6.19% |
29,354,240
+9,524,740
| +48% | +$196M |
|
|
ATVI
4
DELISTED
Activision Blizzard
ATVI
| $597M | 5.76% |
11,979,835
+243,631
| +2% | +$10.7M |
|
|
5
Bank of America
BAC
$430B
| $537M | 5.17% |
22,763,899
+8,080,965
| +55% | +$192M |
|
|
6
Gen Digital
GEN
$15.1B
| $526M | 5.07% |
17,158,447
+12,646,280
| +280% | +$359M |
|
|
7
Snap
SNAP
$7.42B
| $472M | 4.55% |
+20,957,724
| New | +$464M |
|
8
Alibaba
BABA
$273B
| $450M | 4.34% |
4,175,114
-84,208
| -2% | -$8.57M |
|
9
NVIDIA
NVDA
$5.06T
| $449M | 4.33% |
164,847,200
-7,312,360
| -4% | -$19.5M |
|
10
Netflix
NFLX
$287B
| $445M | 4.29% |
30,097,630
+699,740
| +2% | +$9.82M |
|
11
Apple
AAPL
$4.72T
| $422M | 4.07% |
11,762,996
-1,013,724
| -8% | -$33.4M |
|
12
JD.com
JD
$40.6B
| $394M | 3.8% |
12,662,074
-38,107
| -0.3% | -$1.12M |
|
13
Electronic Arts
EA
$52.4B
| $388M | 3.74% |
4,338,573
-10,345
| -0.2% | -$881K |
|
14
Amazon
AMZN
$2.51T
| $357M | 3.44% |
8,043,840
+2,577,880
| +47% | +$107M |
|
|
15
Alphabet (Google) Class C
GOOG
$3.88T
| $338M | 3.26% |
8,156,960
-3,098,980
| -28% | -$127M |
|
|
TWX
16
DELISTED
Time Warner Inc
TWX
| $277M | 2.67% |
2,832,855
-7,004
| -0.2% | -$678K |
|
|
17
eBay
EBAY
$48.5B
| $272M | 2.62% |
+8,102,728
| New | +$263M |
|
18
Walt Disney
DIS
$161B
| $255M | 2.46% |
2,251,174
+793,774
| +54% | +$87.4M |
|
19
JPMorgan Chase
JPM
$930B
| $231M | 2.23% |
2,629,362
+751,868
| +40% | +$66.3M |
|
20
PayPal
PYPL
$49.4B
| $223M | 2.15% |
5,188,939
-15,346
| -0.3% | -$642K |
|
21
Liberty Global Class C
LBTYK
$3.37B
| $215M | 2.07% |
6,123,666
-33,093
| -0.5% | -$1.14M |
|
|
22
Equinix
EQIX
$102B
| $213M | 2.05% |
532,116
-359,679
| -40% | -$137M |
|
23
Liberty Global Class A
LBTYA
$3.48B
| $202M | 1.94% |
5,622,790
-119,360
| -2% | -$4.23M |
|
24
Liberty Media Series C
FWONK
$24.2B
| $197M | 1.9% |
+6,205,734
| New | +$191M |
|
25
American Tower
AMT
$76.7B
| $129M | 1.24% |
1,057,361
-252,271
| -19% | -$27.8M |
|
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Philippe Laffont's Q1 2017 Portfolio in Review
As of Q1 2017, Philippe Laffont held 62 positions worth $10.4B, up 23% from $8.44B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Philippe Laffont deployed $703M of net new capital in Q1 2017, opening 6 new positions and adding to 12 existing holdings. Its largest new stake was Snap: 20,957,724 shares worth $472M.
By sector, the portfolio is most concentrated in Communication Services at 44% of assets, up from 41% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Equinix, an estimated $137M trimmed.
- Philippe Laffont's largest Q1 2017 buy was Snap: 20,957,724 shares worth $472M.
- Philippe Laffont added most to Gen Digital in Q1 2017, an estimated $359M increase.
- Philippe Laffont's biggest Q1 2017 reduction was Equinix, cutting an estimated $137M.
- Philippe Laffont fully exited State Street Financial Select Sector SPDR ETF in Q1 2017, selling an estimated $308M.
- Philippe Laffont's ten largest holdings make up 56% of its $10.4B portfolio in Q1 2017.
- Philippe Laffont opened 6 new positions and closed 18 in Q1 2017.
- Philippe Laffont's portfolio value rose 23% quarter-over-quarter to $10.4B.
Based on Coatue Management's 13F filing for Q1 2017, filed 15 May 2017.