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 |
Shopify
SHOP
|
+$449M |
| 2 |
Microsoft
MSFT
|
+$376M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$339M |
| 4 |
Broadcom
AVGO
|
+$214M |
| 5 |
VMW
VMware, Inc
VMW
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$474M |
| 2 |
Meta Platforms (Facebook)
META
|
+$302M |
| 3 |
Gen Digital
GEN
|
+$262M |
| 4 |
Alibaba
BABA
|
+$228M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$153M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 39.06% |
| 2 | Technology | 37.19% |
| 3 | Consumer Discretionary | 15.15% |
| 4 | Financials | 6.39% |
| 5 | Real Estate | 1.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Broadcom
AVGO
$1.73T
| $960M | 7.51% |
37,359,570
+8,217,390
| +28% | +$214M |
2014 Q1
15 quarters
|
|
|
2
Meta Platforms (Facebook)
META
$1.59T
| $864M | 6.76% |
4,893,461
-1,709,338
| -26% | -$302M |
2013 Q3
17 quarters
|
|
3
NVIDIA
NVDA
$3.94T
| $792M | 6.2% |
163,757,800
-646,720
| -0.4% | -$3.21M |
2016 Q3
5 quarters
|
|
|
4
Alibaba
BABA
$234B
| $786M | 6.15% |
4,556,219
-1,272,989
| -22% | -$228M |
2016 Q3
5 quarters
|
|
5
DELISTED
Liberty Broadband Class C
LBRDK
| $737M | 5.77% |
8,654,352
| – | – |
2016 Q2
6 quarters
|
|
|
6
Apple
AAPL
$5.17T
| $730M | 5.71% |
17,259,556
-11,351,588
| -40% | -$474M |
2016 Q3
5 quarters
|
|
|
7
Shopify
SHOP
$189B
| $708M | 5.54% |
70,066,130
+43,809,030
| +167% | +$449M |
2017 Q2
2 quarters
|
|
|
ATVI
8
DELISTED
Activision Blizzard
ATVI
| $601M | 4.71% |
9,498,840
-2,411,930
| -20% | -$153M |
2014 Q4
12 quarters
|
|
9
Amazon
AMZN
$2.89T
| $587M | 4.59% |
10,031,920
+2,049,460
| +26% | +$113M |
2013 Q2
18 quarters
|
|
|
TWTR
10
DELISTED
Twitter, Inc.
TWTR
| $585M | 4.58% |
24,354,222
+16,496,725
| +210% | +$339M |
2017 Q3
1 quarter
|
|
11
Netflix
NFLX
$259B
| $561M | 4.39% |
29,234,740
-21,000
| -0.1% | -$404K |
2013 Q2
18 quarters
|
|
12
JD.com
JD
$37B
| $524M | 4.1% |
12,640,721
| – | – |
2014 Q4
12 quarters
|
|
13
DELISTED
Electronic Arts
EA
| $453M | 3.55% |
4,312,233
-1,900
| -0% | -$211K |
2014 Q4
12 quarters
|
|
14
Bank of America
BAC
$349B
| $409M | 3.2% |
13,852,992
| – | – |
2016 Q4
4 quarters
|
|
15
Alphabet (Google) Class C
GOOG
$3.65T
| $406M | 3.18% |
7,762,520
-394,440
| -5% | -$20.1M |
2013 Q2
18 quarters
|
|
16
Snap
SNAP
$9B
| $400M | 3.13% |
27,390,619
+3,791,168
| +16% | +$55.3M |
2017 Q1
3 quarters
|
|
|
17
Microsoft
MSFT
$3.88T
| $392M | 3.07% |
+4,580,902
| New | +$376M |
2017 Q4
0 quarters
|
|
18
PayPal
PYPL
$48.5B
| $380M | 2.97% |
5,157,829
-21,595
| -0.4% | -$1.56M |
2016 Q1
7 quarters
|
|
|
TWX
19
DELISTED
Time Warner Inc
TWX
| $256M | 2% |
2,797,714
| – | – |
2016 Q3
5 quarters
|
|
20
Equinix
EQIX
$107B
| $240M | 1.88% |
530,558
| – | – |
2015 Q1
11 quarters
|
|
21
Liberty Media Corporation Series C Common Stock
FWONK
$27.8B
| $205M | 1.6% |
6,205,734
| – | – |
2017 Q1
3 quarters
|
|
|
VMW
22
DELISTED
VMware, Inc
VMW
| $157M | 1.23% |
+1,249,472
| New | +$150M |
2017 Q4
0 quarters
|
|
23
Alphabet (Google) Class A
GOOGL
$3.69T
| $124M | 0.97% |
2,361,760
-457,780
| -16% | -$23.6M |
2015 Q4
8 quarters
|
|
24
Cognex
CGNX
$8.56B
| $124M | 0.97% |
2,031,260
-8,010
| -0.4% | -$510K |
2017 Q2
2 quarters
|
|
25
NetEase
NTES
$78.8B
| $123M | 0.96% |
+1,779,990
| New | +$111M |
2017 Q4
0 quarters
|
|
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Philippe Laffont's Q4 2017 Portfolio in Review
As of Q4 2017, Philippe Laffont held 54 positions worth $12.8B, up 4.4% from $12.2B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Philippe Laffont's Q4 2017 filing shows 9 new, 5 increased, 17 reduced and 11 closed positions. Its largest new stake was Microsoft: 4,580,902 shares worth $392M. The largest sale was Apple, an estimated $474M.
By sector, the portfolio is most concentrated in Communication Services at 39% of assets, up from 38% a quarter earlier, followed by Technology and Consumer Discretionary.
- Philippe Laffont's largest Q4 2017 buy was Microsoft: 4,580,902 shares worth $392M.
- Philippe Laffont added most to Shopify in Q4 2017, an estimated $449M increase.
- Philippe Laffont's biggest Q4 2017 reduction was Apple, cutting an estimated $474M.
- Philippe Laffont fully exited Gen Digital in Q4 2017, selling an estimated $262M.
- Philippe Laffont's ten largest holdings make up 58% of its $12.8B portfolio in Q4 2017.
- Philippe Laffont opened 9 new positions and closed 11 in Q4 2017.
- Philippe Laffont's portfolio value rose 4.4% quarter-over-quarter to $12.8B.
Based on Coatue Management's 13F filing for Q4 2017, filed 13 Feb 2018.