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 | 36.99% |
| 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 | |
|---|---|---|---|---|---|---|
|
1
Broadcom
AVGO
$1.87T
| $960M | 7.51% |
37,359,570
+8,217,390
| +28% | +$214M |
|
|
2
Meta Platforms (Facebook)
META
$1.54T
| $864M | 6.76% |
4,893,461
-1,709,338
| -26% | -$302M |
|
3
NVIDIA
NVDA
$5.06T
| $792M | 6.2% |
163,757,800
-646,720
| -0.4% | -$3.21M |
|
|
4
Alibaba
BABA
$273B
| $786M | 6.15% |
4,556,219
-1,272,989
| -22% | -$228M |
|
5
Liberty Broadband Class C
LBRDK
$4.26B
| $737M | 5.77% |
8,654,352
| – | – |
|
|
6
Apple
AAPL
$4.72T
| $730M | 5.71% |
17,259,556
-11,351,588
| -40% | -$474M |
|
|
7
Shopify
SHOP
$145B
| $708M | 5.54% |
70,066,130
+43,809,030
| +167% | +$449M |
|
|
ATVI
8
DELISTED
Activision Blizzard
ATVI
| $601M | 4.71% |
9,498,840
-2,411,930
| -20% | -$153M |
|
9
Amazon
AMZN
$2.51T
| $587M | 4.59% |
10,031,920
+2,049,460
| +26% | +$113M |
|
|
TWTR
10
DELISTED
Twitter, Inc.
TWTR
| $585M | 4.58% |
24,354,222
+16,496,725
| +210% | +$339M |
|
11
Netflix
NFLX
$287B
| $561M | 4.39% |
29,234,740
-21,000
| -0.1% | -$404K |
|
12
JD.com
JD
$40.6B
| $524M | 4.1% |
12,640,721
| – | – |
|
13
Electronic Arts
EA
$52.4B
| $453M | 3.55% |
4,312,233
-1,900
| -0% | -$211K |
|
14
Bank of America
BAC
$430B
| $409M | 3.2% |
13,852,992
| – | – |
|
15
Alphabet (Google) Class C
GOOG
$3.88T
| $406M | 3.18% |
7,762,520
-394,440
| -5% | -$20.1M |
|
16
Snap
SNAP
$7.42B
| $400M | 3.13% |
27,390,619
+3,791,168
| +16% | +$55.3M |
|
|
17
Microsoft
MSFT
$2.83T
| $392M | 3.07% |
+4,580,902
| New | +$376M |
|
18
PayPal
PYPL
$49.4B
| $380M | 2.97% |
5,157,829
-21,595
| -0.4% | -$1.56M |
|
|
TWX
19
DELISTED
Time Warner Inc
TWX
| $256M | 2% |
2,797,714
| – | – |
|
20
Equinix
EQIX
$102B
| $240M | 1.88% |
530,558
| – | – |
|
21
Liberty Media Series C
FWONK
$24.2B
| $205M | 1.6% |
6,205,734
| – | – |
|
|
VMW
22
DELISTED
VMware, Inc
VMW
| $157M | 1.23% |
+1,249,472
| New | +$150M |
|
|
23
Alphabet (Google) Class A
GOOGL
$3.88T
| $124M | 0.97% |
2,361,760
-457,780
| -16% | -$23.6M |
|
24
Cognex
CGNX
$10.6B
| $124M | 0.97% |
2,031,260
-8,010
| -0.4% | -$510K |
|
25
NetEase
NTES
$76.9B
| $123M | 0.96% |
+1,779,990
| New | +$111M |
|
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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.