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 |
Splunk Inc
SPLK
|
+$56.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 45.17% |
| 2 | Technology | 26.67% |
| 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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.59T
| $945M | 9.11% |
6,653,833
+567,633
| +9% | +$75.9M |
2013 Q3
14 quarters
|
|
2
DELISTED
Liberty Broadband Class C
LBRDK
| $748M | 7.2% |
8,654,352
+5,463
| +0.1% | +$456K |
2016 Q2
3 quarters
|
|
|
3
Broadcom
AVGO
$1.74T
| $643M | 6.19% |
29,354,240
+9,524,740
| +48% | +$196M |
2014 Q1
12 quarters
|
|
|
ATVI
4
DELISTED
Activision Blizzard
ATVI
| $597M | 5.76% |
11,979,835
+243,631
| +2% | +$10.7M |
2014 Q4
9 quarters
|
|
|
5
Bank of America
BAC
$349B
| $537M | 5.17% |
22,763,899
+8,080,965
| +55% | +$192M |
2016 Q4
1 quarter
|
|
|
6
Gen Digital
GEN
$17.6B
| $526M | 5.07% |
17,158,447
+12,646,280
| +280% | +$359M |
2016 Q4
1 quarter
|
|
|
7
Snap
SNAP
$9.01B
| $472M | 4.55% |
+20,957,724
| New | +$464M |
2017 Q1
0 quarters
|
|
8
Alibaba
BABA
$235B
| $450M | 4.34% |
4,175,114
-84,208
| -2% | -$8.57M |
2016 Q3
2 quarters
|
|
9
NVIDIA
NVDA
$4.01T
| $449M | 4.33% |
164,847,200
-7,312,360
| -4% | -$19.5M |
2016 Q3
2 quarters
|
|
10
Netflix
NFLX
$257B
| $445M | 4.29% |
30,097,630
+699,740
| +2% | +$9.8M |
2013 Q2
15 quarters
|
|
11
Apple
AAPL
$5.16T
| $422M | 4.07% |
11,762,996
-1,013,724
| -8% | -$33.4M |
2016 Q3
2 quarters
|
|
12
JD.com
JD
$37.1B
| $394M | 3.8% |
12,662,074
-38,107
| -0.3% | -$1.12M |
2014 Q4
9 quarters
|
|
13
DELISTED
Electronic Arts
EA
| $388M | 3.74% |
4,338,573
-10,345
| -0.2% | -$881K |
2014 Q4
9 quarters
|
|
14
Amazon
AMZN
$2.89T
| $357M | 3.44% |
8,043,840
+2,577,880
| +47% | +$107M |
2013 Q2
15 quarters
|
|
|
15
Alphabet (Google) Class C
GOOG
$3.63T
| $338M | 3.26% |
8,156,960
-3,098,980
| -28% | -$127M |
2013 Q2
15 quarters
|
|
|
TWX
16
DELISTED
Time Warner Inc
TWX
| $277M | 2.67% |
2,832,855
-7,004
| -0.2% | -$678K |
2016 Q3
2 quarters
|
|
|
17
eBay
EBAY
$52.7B
| $272M | 2.62% |
+8,102,728
| New | +$263M |
2017 Q1
0 quarters
|
|
18
Walt Disney
DIS
$204B
| $255M | 2.46% |
2,251,174
+793,774
| +54% | +$87.4M |
2016 Q4
1 quarter
|
|
19
JPMorgan Chase
JPM
$910B
| $231M | 2.23% |
2,629,362
+751,868
| +40% | +$66.3M |
2016 Q4
1 quarter
|
|
20
PayPal
PYPL
$48.4B
| $223M | 2.15% |
5,188,939
-15,346
| -0.3% | -$642K |
2016 Q1
4 quarters
|
|
21
Liberty Global Class C
LBTYK
$3.45B
| $215M | 2.07% |
6,123,666
-33,093
| -0.5% | -$1.14M |
2014 Q1
12 quarters
|
|
|
22
Equinix
EQIX
$106B
| $213M | 2.05% |
532,116
-359,679
| -40% | -$137M |
2015 Q1
8 quarters
|
|
23
Liberty Global Class A
LBTYA
$3.54B
| $202M | 1.94% |
5,622,790
-119,360
| -2% | -$4.23M |
2013 Q2
15 quarters
|
|
24
Liberty Media Corporation Series C Common Stock
FWONK
$27.9B
| $197M | 1.9% |
+6,205,734
| New | +$191M |
2017 Q1
0 quarters
|
|
25
American Tower
AMT
$88B
| $129M | 1.24% |
1,057,361
-252,271
| -19% | -$27.8M |
2013 Q2
15 quarters
|
|
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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 45% of assets, up from 42% 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.