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 |
Apple
AAPL
|
+$661M |
| 2 |
TWTR
Twitter, Inc.
TWTR
|
+$137M |
| 3 |
Adobe
ADBE
|
+$99.5M |
| 4 |
Alibaba
BABA
|
+$96.2M |
| 5 |
DATA
Tableau Software, Inc.
DATA
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gen Digital
GEN
|
+$303M |
| 2 |
Walt Disney
DIS
|
+$236M |
| 3 |
eBay
EBAY
|
+$188M |
| 4 |
ServiceNow
NOW
|
+$184M |
| 5 |
ON Semiconductor
ON
|
+$68.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 38.36% |
| 2 | Technology | 37.21% |
| 3 | Consumer Discretionary | 15.33% |
| 4 | Financials | 5.58% |
| 5 | Real Estate | 3.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.64T
| $1.13B | 9.22% |
6,602,799
| – | – |
2013 Q3
16 quarters
|
|
|
2
Apple
AAPL
$5.1T
| $1.1B | 9% |
28,611,144
+17,032,388
| +147% | +$661M |
2016 Q3
4 quarters
|
|
|
3
Alibaba
BABA
$262B
| $1.01B | 8.22% |
5,829,208
+593,589
| +11% | +$96.2M |
2016 Q3
4 quarters
|
|
4
DELISTED
Liberty Broadband Class C
LBRDK
| $825M | 6.74% |
8,654,352
| – | – |
2016 Q2
5 quarters
|
|
|
ATVI
5
DELISTED
Activision Blizzard
ATVI
| $768M | 6.28% |
11,910,770
| – | – |
2014 Q4
11 quarters
|
|
6
NVIDIA
NVDA
$4.31T
| $735M | 6% |
164,404,520
| – | – |
2016 Q3
4 quarters
|
|
7
Broadcom
AVGO
$1.53T
| $707M | 5.77% |
29,142,180
| – | – |
2014 Q1
14 quarters
|
|
8
Netflix
NFLX
$263B
| $531M | 4.33% |
29,255,740
-662,800
| -2% | -$11.6M |
2013 Q2
17 quarters
|
|
9
DELISTED
Electronic Arts
EA
| $509M | 4.16% |
4,314,133
| – | – |
2014 Q4
11 quarters
|
|
10
JD.com
JD
$38.3B
| $483M | 3.94% |
12,640,721
+71,050
| +0.6% | +$3.04M |
2014 Q4
11 quarters
|
|
11
Alphabet (Google) Class C
GOOG
$3.52T
| $391M | 3.2% |
8,156,960
| – | – |
2013 Q2
17 quarters
|
|
12
Amazon
AMZN
$2.89T
| $384M | 3.13% |
7,982,460
+45,360
| +0.6% | +$2.23M |
2013 Q2
17 quarters
|
|
13
Bank of America
BAC
$349B
| $351M | 2.87% |
13,852,992
| – | – |
2016 Q4
3 quarters
|
|
14
Snap
SNAP
$8.72B
| $343M | 2.8% |
23,599,451
+1,700,827
| +8% | +$24.6M |
2017 Q1
2 quarters
|
|
15
PayPal
PYPL
$49.9B
| $332M | 2.71% |
5,179,424
+27,351
| +0.5% | +$1.64M |
2016 Q1
6 quarters
|
|
16
Shopify
SHOP
$196B
| $306M | 2.5% |
26,257,100
| – | – |
2017 Q2
1 quarter
|
|
|
TWX
17
DELISTED
Time Warner Inc
TWX
| $287M | 2.34% |
2,797,714
| – | – |
2016 Q3
4 quarters
|
|
|
18
Gen Digital
GEN
$17.7B
| $262M | 2.14% |
7,970,588
-9,931,820
| -55% | -$303M |
2016 Q4
3 quarters
|
|
19
Equinix
EQIX
$104B
| $237M | 1.93% |
530,558
| – | – |
2015 Q1
10 quarters
|
|
20
Liberty Media Corporation Series C Common Stock
FWONK
$27.5B
| $229M | 1.87% |
6,205,734
| – | – |
2017 Q1
2 quarters
|
|
21
American Tower
AMT
$87.7B
| $145M | 1.18% |
1,057,361
| – | – |
2013 Q2
17 quarters
|
|
22
Alphabet (Google) Class A
GOOGL
$3.54T
| $137M | 1.12% |
2,819,540
| – | – |
2015 Q4
7 quarters
|
|
|
TWTR
23
DELISTED
Twitter, Inc.
TWTR
| $133M | 1.08% |
+7,857,497
| New | +$137M |
2017 Q3
0 quarters
|
|
24
Cognex
CGNX
$8.48B
| $112M | 0.92% |
2,039,270
-11,700
| -0.6% | -$594K |
2017 Q2
1 quarter
|
|
25
Salesforce
CRM
$177B
| $102M | 0.83% |
1,088,872
| – | – |
2017 Q2
1 quarter
|
|
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Philippe Laffont's Q3 2017 Portfolio in Review
As of Q3 2017, Philippe Laffont held 49 positions worth $12.2B, up 10% from $11.1B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Philippe Laffont's Q3 2017 filing shows 4 new, 7 increased, 7 reduced and 4 closed positions. Its largest new stake was Twitter, Inc.: 7,857,497 shares worth $133M. The largest sale was Gen Digital, an estimated $303M.
By sector, the portfolio is most concentrated in Communication Services at 38% of assets, down from 41% a quarter earlier, followed by Technology and Consumer Discretionary.
- Philippe Laffont's largest Q3 2017 buy was Twitter, Inc.: 7,857,497 shares worth $133M.
- Philippe Laffont added most to Apple in Q3 2017, an estimated $661M increase.
- Philippe Laffont's biggest Q3 2017 reduction was Gen Digital, cutting an estimated $303M.
- Philippe Laffont fully exited Walt Disney in Q3 2017, selling an estimated $236M.
- Philippe Laffont's ten largest holdings make up 64% of its $12.2B portfolio in Q3 2017.
- Philippe Laffont opened 4 new positions and closed 4 in Q3 2017.
- Philippe Laffont's portfolio value rose 10% quarter-over-quarter to $12.2B.
Based on Coatue Management's 13F filing for Q3 2017, filed 13 Nov 2017.