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 |
Adobe
ADBE
|
+$341M |
| 2 |
Mastercard
MA
|
+$318M |
| 3 |
Intuit
INTU
|
+$211M |
| 4 |
Visa
V
|
+$210M |
| 5 |
Salesforce
CRM
|
+$146M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Spotify
SPOT
|
+$419M |
| 2 |
Alibaba
BABA
|
+$376M |
| 3 |
Shopify
SHOP
|
+$339M |
| 4 |
Broadcom
AVGO
|
+$317M |
| 5 |
Qualcomm
QCOM
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.6% |
| 2 | Communication Services | 24.61% |
| 3 | Consumer Discretionary | 13.68% |
| 4 | Financials | 13.48% |
| 5 | Healthcare | 0.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Liberty Broadband Class C
LBRDK
$4.26B
| $738M | 8.17% |
8,044,273
| – | – |
|
2
ServiceNow
NOW
$94.8B
| $670M | 7.42% |
13,590,525
+2,941,265
| +28% | +$129M |
|
3
Amazon
AMZN
$2.51T
| $634M | 7.02% |
7,119,920
-2,212,920
| -24% | -$184M |
|
4
Meta Platforms (Facebook)
META
$1.54T
| $634M | 7.01% |
3,800,587
-836,211
| -18% | -$133M |
|
5
Netflix
NFLX
$287B
| $603M | 6.67% |
16,903,910
-136,620
| -0.8% | -$4.74M |
|
|
6
Alibaba
BABA
$273B
| $568M | 6.29% |
3,113,408
-2,235,328
| -42% | -$376M |
|
|
7
Adobe
ADBE
$84.3B
| $556M | 6.15% |
2,085,520
+1,351,715
| +184% | +$341M |
|
|
8
Mastercard
MA
$469B
| $497M | 5.5% |
2,110,825
+1,479,381
| +234% | +$318M |
|
9
Microsoft
MSFT
$2.83T
| $481M | 5.32% |
4,076,703
-1,908,666
| -32% | -$208M |
|
|
10
Visa
V
$669B
| $382M | 4.23% |
2,446,656
+1,458,037
| +147% | +$210M |
|
|
PLAN
11
DELISTED
Anaplan, Inc.
PLAN
| $356M | 3.95% |
9,056,497
-8,135
| -0.1% | -$274K |
|
12
PayPal
PYPL
$49.4B
| $339M | 3.75% |
3,264,502
-622,874
| -16% | -$59M |
|
|
DATA
13
DELISTED
Tableau Software, Inc.
DATA
| $314M | 3.48% |
2,468,949
+56,544
| +2% | +$7.14M |
|
|
14
Salesforce
CRM
$129B
| $304M | 3.36% |
1,917,665
+943,741
| +97% | +$146M |
|
|
15
Intuit
INTU
$77B
| $293M | 3.24% |
1,119,583
+913,339
| +443% | +$211M |
|
|
ATVI
16
DELISTED
Activision Blizzard
ATVI
| $288M | 3.19% |
6,335,082
-2,675,367
| -30% | -$121M |
|
17
NVIDIA
NVDA
$5.06T
| $287M | 3.18% |
63,956,320
+7,895,920
| +14% | +$30.6M |
|
|
18
Broadcom
AVGO
$1.87T
| $215M | 2.38% |
7,154,960
-11,682,430
| -62% | -$317M |
|
19
Electronic Arts
EA
$52.4B
| $176M | 1.95% |
1,731,910
-737,895
| -30% | -$69.9M |
|
20
Twilio
TWLO
$28.1B
| $173M | 1.91% |
1,336,488
+372,819
| +39% | +$42M |
|
21
Micron Technology
MU
$1.12T
| $158M | 1.75% |
3,828,296
+3,782,910
| +8,335% | +$146M |
|
|
22
Shopify
SHOP
$145B
| $112M | 1.24% |
5,421,850
-19,210,320
| -78% | -$339M |
|
23
Tencent Music
TME
$14.3B
| $44.8M | 0.5% |
2,477,516
| – | – |
|
|
MNK
24
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $28.7M | 0.32% |
+1,320,769
| New | +$28.2M |
|
25
Okta
OKTA
$23.7B
| $25.1M | 0.28% |
+303,667
| New | +$24M |
|
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Philippe Laffont's Q1 2019 Portfolio in Review
As of Q1 2019, Philippe Laffont held 149 positions worth $9.03B, up 7.2% from $8.43B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Philippe Laffont withdrew a net $1.22B in Q1 2019, closing 33 positions and reducing 37 holdings. Its most notable exit was Spotify, an estimated $419M position sold in full.
By sector, the portfolio is most concentrated in Technology at 48% of assets, up from 45% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Philippe Laffont opened a new position in MALLINCKRODT PUBLIC LIMITED COMPANY worth $28.7M.
- Philippe Laffont's largest Q1 2019 buy was MALLINCKRODT PUBLIC LIMITED COMPANY: 1,320,769 shares worth $28.7M.
- Philippe Laffont added most to Adobe in Q1 2019, an estimated $341M increase.
- Philippe Laffont's biggest Q1 2019 reduction was Alibaba, cutting an estimated $376M.
- Philippe Laffont fully exited Spotify in Q1 2019, selling an estimated $419M.
- Philippe Laffont's ten largest holdings make up 64% of its $9.03B portfolio in Q1 2019.
- Philippe Laffont opened 39 new positions and closed 33 in Q1 2019.
- Philippe Laffont's portfolio value rose 7.2% quarter-over-quarter to $9.03B.
Based on Coatue Management's 13F filing for Q1 2019, filed 15 May 2019.