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 |
Micron Technology
MU
|
+$693M |
| 2 |
TWTR
Twitter, Inc.
TWTR
|
+$314M |
| 3 |
Electronic Arts
EA
|
+$288M |
| 4 |
TAL Education Group
TAL
|
+$156M |
| 5 |
Meta Platforms (Facebook)
META
|
+$144M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$632M |
| 2 |
Apple
AAPL
|
+$421M |
| 3 |
Bank of America
BAC
|
+$409M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$406M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$256M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 40.15% |
| 2 | Technology | 38.97% |
| 3 | Consumer Discretionary | 16.6% |
| 4 | Financials | 2.69% |
| 5 | Consumer Staples | 1.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWTR
1
DELISTED
Twitter, Inc.
TWTR
| $1.02B | 8.4% |
35,069,644
+10,715,422
| +44% | +$314M |
|
|
2
Meta Platforms (Facebook)
META
$1.54T
| $910M | 7.52% |
5,697,285
+803,824
| +16% | +$144M |
|
3
Shopify
SHOP
$145B
| $873M | 7.21% |
70,074,050
+7,920
| +0% | +$103K |
|
|
4
Electronic Arts
EA
$52.4B
| $811M | 6.7% |
6,690,941
+2,378,708
| +55% | +$288M |
|
5
Broadcom
AVGO
$1.87T
| $765M | 6.32% |
32,466,820
-4,892,750
| -13% | -$123M |
|
|
6
Micron Technology
MU
$1.12T
| $755M | 6.24% |
+14,479,032
| New | +$693M |
|
7
Alibaba
BABA
$273B
| $749M | 6.18% |
4,079,780
-476,439
| -10% | -$89.7M |
|
8
Liberty Broadband Class C
LBRDK
$4.26B
| $742M | 6.12% |
8,654,352
| – | – |
|
9
Amazon
AMZN
$2.51T
| $720M | 5.95% |
9,947,560
-84,360
| -0.8% | -$6.03M |
|
10
Netflix
NFLX
$287B
| $689M | 5.69% |
23,325,080
-5,909,660
| -20% | -$161M |
|
|
ATVI
11
DELISTED
Activision Blizzard
ATVI
| $640M | 5.29% |
9,487,061
-11,779
| -0.1% | -$832K |
|
12
JD.com
JD
$40.6B
| $512M | 4.23% |
12,640,721
| – | – |
|
13
Microsoft
MSFT
$2.83T
| $415M | 3.43% |
4,544,433
-36,469
| -0.8% | -$3.34M |
|
|
14
NVIDIA
NVDA
$5.06T
| $325M | 2.69% |
56,214,920
-107,542,880
| -66% | -$632M |
|
15
Snap
SNAP
$7.42B
| $323M | 2.67% |
20,358,919
-7,031,700
| -26% | -$114M |
|
|
16
Apple
AAPL
$4.72T
| $314M | 2.59% |
7,487,636
-9,771,920
| -57% | -$421M |
|
17
PayPal
PYPL
$49.4B
| $310M | 2.56% |
4,091,076
-1,066,753
| -21% | -$84.6M |
|
18
Liberty Media Series C
FWONK
$24.2B
| $185M | 1.53% |
6,205,734
| – | – |
|
|
19
TAL Education Group
TAL
$5.74B
| $169M | 1.4% |
+4,556,735
| New | +$156M |
|
20
Adobe
ADBE
$84.3B
| $122M | 1.01% |
566,149
| – | – |
|
|
RHT
21
DELISTED
Red Hat Inc
RHT
| $114M | 0.94% |
+760,826
| New | +$105M |
|
22
Teradyne
TER
$58.5B
| $113M | 0.94% |
2,479,769
| – | – |
|
23
Western Digital
WDC
$192B
| $111M | 0.91% |
+1,584,423
| New | +$107M |
|
24
Cognex
CGNX
$10.6B
| $106M | 0.87% |
2,031,260
| – | – |
|
25
Lam Research
LRCX
$400B
| $101M | 0.83% |
+4,962,410
| New | +$98.3M |
|
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Philippe Laffont's Q1 2018 Portfolio in Review
As of Q1 2018, Philippe Laffont held 140 positions worth $12.1B, down 5.3% from $12.8B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Philippe Laffont withdrew a net $1.71B in Q1 2018, closing 15 positions and reducing 14 holdings. Its most notable exit was Bank of America, an estimated $409M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 40% of assets, up from 39% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in Micron Technology worth $755M.
- Philippe Laffont's largest Q1 2018 buy was Micron Technology: 14,479,032 shares worth $755M.
- Philippe Laffont added most to Twitter, Inc. in Q1 2018, an estimated $314M increase.
- Philippe Laffont's biggest Q1 2018 reduction was NVIDIA, cutting an estimated $632M.
- Philippe Laffont fully exited Bank of America in Q1 2018, selling an estimated $409M.
- Philippe Laffont's ten largest holdings make up 66% of its $12.1B portfolio in Q1 2018.
- Philippe Laffont opened 97 new positions and closed 15 in Q1 2018.
- Philippe Laffont's portfolio value fell 5.3% quarter-over-quarter to $12.1B.
Based on Coatue Management's 13F filing for Q1 2018, filed 14 May 2018.