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 | 36.91% |
| 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 | |
|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.54T
| $1.13B | 9.22% |
6,602,799
| – | – |
|
|
2
Apple
AAPL
$4.72T
| $1.1B | 9% |
28,611,144
+17,032,388
| +147% | +$661M |
|
|
3
Alibaba
BABA
$273B
| $1.01B | 8.22% |
5,829,208
+593,589
| +11% | +$96.2M |
|
4
Liberty Broadband Class C
LBRDK
$4.26B
| $825M | 6.74% |
8,654,352
| – | – |
|
|
ATVI
5
DELISTED
Activision Blizzard
ATVI
| $768M | 6.28% |
11,910,770
| – | – |
|
6
NVIDIA
NVDA
$5.06T
| $735M | 6% |
164,404,520
| – | – |
|
7
Broadcom
AVGO
$1.87T
| $707M | 5.77% |
29,142,180
| – | – |
|
8
Netflix
NFLX
$287B
| $531M | 4.33% |
29,255,740
-662,800
| -2% | -$11.6M |
|
9
Electronic Arts
EA
$52.4B
| $509M | 4.16% |
4,314,133
| – | – |
|
10
JD.com
JD
$40.6B
| $483M | 3.94% |
12,640,721
+71,050
| +0.6% | +$3.04M |
|
11
Alphabet (Google) Class C
GOOG
$3.89T
| $391M | 3.2% |
8,156,960
| – | – |
|
12
Amazon
AMZN
$2.51T
| $384M | 3.13% |
7,982,460
+45,360
| +0.6% | +$2.23M |
|
13
Bank of America
BAC
$430B
| $351M | 2.87% |
13,852,992
| – | – |
|
14
Snap
SNAP
$7.42B
| $343M | 2.8% |
23,599,451
+1,700,827
| +8% | +$24.6M |
|
15
PayPal
PYPL
$49.4B
| $332M | 2.71% |
5,179,424
+27,351
| +0.5% | +$1.64M |
|
16
Shopify
SHOP
$145B
| $306M | 2.5% |
26,257,100
| – | – |
|
|
TWX
17
DELISTED
Time Warner Inc
TWX
| $287M | 2.34% |
2,797,714
| – | – |
|
|
18
Gen Digital
GEN
$15.1B
| $262M | 2.14% |
7,970,588
-9,931,820
| -55% | -$303M |
|
19
Equinix
EQIX
$102B
| $237M | 1.93% |
530,558
| – | – |
|
20
Liberty Media Series C
FWONK
$24.2B
| $229M | 1.87% |
6,205,734
| – | – |
|
21
American Tower
AMT
$76.7B
| $145M | 1.18% |
1,057,361
| – | – |
|
|
22
Alphabet (Google) Class A
GOOGL
$3.89T
| $137M | 1.12% |
2,819,540
| – | – |
|
|
TWTR
23
DELISTED
Twitter, Inc.
TWTR
| $133M | 1.08% |
+7,857,497
| New | +$137M |
|
24
Cognex
CGNX
$10.6B
| $112M | 0.92% |
2,039,270
-11,700
| -0.6% | -$594K |
|
25
Salesforce
CRM
$129B
| $102M | 0.83% |
1,088,872
| – | – |
|
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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.