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 |
Alibaba
BABA
|
+$327M |
| 2 |
Amazon
AMZN
|
+$323M |
| 3 |
PLAN
Anaplan, Inc.
PLAN
|
+$224M |
| 4 |
Spotify
SPOT
|
+$214M |
| 5 |
Mastercard
MA
|
+$125M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Roku
ROKU
|
+$247M |
| 2 |
Qualcomm
QCOM
|
+$223M |
| 3 |
PayPal
PYPL
|
+$173M |
| 4 |
Nike
NKE
|
+$101M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$70.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 45.31% |
| 2 | Communication Services | 30.36% |
| 3 | Consumer Discretionary | 17.34% |
| 4 | Financials | 6.84% |
| 5 | Industrials | 0.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$273B
| $733M | 8.7% |
5,348,736
+2,212,159
| +71% | +$327M |
|
|
2
Amazon
AMZN
$2.51T
| $701M | 8.32% |
9,332,840
+3,881,840
| +71% | +$323M |
|
3
Microsoft
MSFT
$2.83T
| $608M | 7.21% |
5,985,369
-123,139
| -2% | -$13.2M |
|
4
Meta Platforms (Facebook)
META
$1.54T
| $608M | 7.21% |
4,636,798
+437,900
| +10% | +$63.4M |
|
5
Liberty Broadband Class C
LBRDK
$4.26B
| $579M | 6.88% |
8,044,273
-610,079
| -7% | -$48.9M |
|
6
Broadcom
AVGO
$1.87T
| $479M | 5.68% |
18,837,390
-362,730
| -2% | -$8.56M |
|
7
Netflix
NFLX
$287B
| $456M | 5.41% |
17,040,530
+83,070
| +0.5% | +$2.49M |
|
|
ATVI
8
DELISTED
Activision Blizzard
ATVI
| $420M | 4.98% |
9,010,449
+245,074
| +3% | +$14.7M |
|
|
9
Spotify
SPOT
$96.4B
| $419M | 4.98% |
3,695,289
+1,528,312
| +71% | +$214M |
|
10
ServiceNow
NOW
$94.8B
| $379M | 4.5% |
10,649,260
+2,963,795
| +39% | +$105M |
|
11
Shopify
SHOP
$145B
| $341M | 4.05% |
24,632,170
| – | – |
|
|
12
PayPal
PYPL
$49.4B
| $327M | 3.88% |
3,887,376
-2,071,207
| -35% | -$173M |
|
|
DATA
13
DELISTED
Tableau Software, Inc.
DATA
| $289M | 3.44% |
2,412,405
+934,635
| +63% | +$104M |
|
|
14
Qualcomm
QCOM
$180B
| $249M | 2.95% |
4,374,283
-3,673,380
| -46% | -$223M |
|
|
TWTR
15
DELISTED
Twitter, Inc.
TWTR
| $244M | 2.9% |
8,491,906
| – | – |
|
|
PLAN
16
DELISTED
Anaplan, Inc.
PLAN
| $241M | 2.85% |
+9,064,632
| New | +$224M |
|
17
Electronic Arts
EA
$52.4B
| $195M | 2.31% |
2,469,805
+510,700
| +26% | +$46.8M |
|
18
NVIDIA
NVDA
$5.06T
| $187M | 2.22% |
56,060,400
+11,647,200
| +26% | +$55.7M |
|
19
Adobe
ADBE
$84.3B
| $166M | 1.97% |
733,805
-247,096
| -25% | -$59.7M |
|
20
Salesforce
CRM
$129B
| $133M | 1.58% |
973,924
+836,563
| +609% | +$115M |
|
21
Visa
V
$669B
| $130M | 1.55% |
988,619
+765,473
| +343% | +$106M |
|
|
22
Mastercard
MA
$469B
| $119M | 1.41% |
+631,444
| New | +$125M |
|
23
Apple
AAPL
$4.72T
| $88.3M | 1.05% |
2,238,572
-1,298,712
| -37% | -$63M |
|
24
Twilio
TWLO
$28.1B
| $86.1M | 1.02% |
+963,669
| New | +$78.3M |
|
25
Motorola Solutions
MSI
$67.6B
| $76.5M | 0.91% |
665,020
-181,172
| -21% | -$22.5M |
|
Similar funds
Philippe Laffont's Q4 2018 Portfolio in Review
As of Q4 2018, Philippe Laffont held 157 positions worth $8.43B, down 12% from $9.54B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Philippe Laffont deployed $755M of net new capital in Q4 2018, opening 47 new positions and adding to 35 existing holdings. Its largest new stake was Anaplan, Inc.: 9,064,632 shares worth $241M.
By sector, the portfolio is most concentrated in Technology at 45% of assets, down from 46% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Qualcomm, an estimated $223M trimmed.
- Philippe Laffont's largest Q4 2018 buy was Anaplan, Inc.: 9,064,632 shares worth $241M.
- Philippe Laffont added most to Alibaba in Q4 2018, an estimated $327M increase.
- Philippe Laffont's biggest Q4 2018 reduction was Qualcomm, cutting an estimated $223M.
- Philippe Laffont fully exited Roku in Q4 2018, selling an estimated $247M.
- Philippe Laffont's ten largest holdings make up 64% of its $8.43B portfolio in Q4 2018.
- Philippe Laffont opened 47 new positions and closed 47 in Q4 2018.
- Philippe Laffont's portfolio value fell 12% quarter-over-quarter to $8.43B.
Based on Coatue Management's 13F filing for Q4 2018, filed 14 Feb 2019.