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 |
Walt Disney
DIS
|
+$1.01B |
| 2 |
PayPal
PYPL
|
+$446M |
| 3 |
Boeing
BA
|
+$423M |
| 4 |
Zoom
ZM
|
+$346M |
| 5 |
Lam Research
LRCX
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$386M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$361M |
| 3 |
Alibaba
BABA
|
+$281M |
| 4 |
JD.com
JD
|
+$259M |
| 5 |
TWTR
Twitter, Inc.
TWTR
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.29% |
| 2 | Communication Services | 21.52% |
| 3 | Consumer Discretionary | 19.49% |
| 4 | Financials | 11.36% |
| 5 | Industrials | 6.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PayPal
PYPL
$49.4B
| $1.23B | 10.82% |
7,055,251
+3,225,189
| +84% | +$446M |
|
|
2
Walt Disney
DIS
$161B
| $1.03B | 9.03% |
9,199,122
+9,152,731
| +19,730% | +$1.01B |
|
|
3
Zoom
ZM
$24.7B
| $639M | 5.62% |
2,521,307
+1,925,382
| +323% | +$346M |
|
4
Netflix
NFLX
$287B
| $639M | 5.62% |
14,043,160
-3,743,470
| -21% | -$159M |
|
5
Amazon
AMZN
$2.51T
| $578M | 5.08% |
4,187,280
-1,212,340
| -22% | -$146M |
|
|
6
Boeing
BA
$165B
| $504M | 4.44% |
+2,750,028
| New | +$423M |
|
7
Meta Platforms (Facebook)
META
$1.54T
| $458M | 4.03% |
2,017,679
-459,555
| -19% | -$95.9M |
|
|
XYZ
8
Block Inc
XYZ
$45.5B
| $454M | 3.99% |
4,326,261
+1,022,563
| +31% | +$78.3M |
|
9
CrowdStrike
CRWD
$187B
| $444M | 3.91% |
17,720,304
+5,005,680
| +39% | +$100M |
|
|
PLAN
10
DELISTED
Anaplan, Inc.
PLAN
| $391M | 3.44% |
8,632,084
-2,479,575
| -22% | -$104M |
|
11
Sea Limited
SE
$60.9B
| $354M | 3.12% |
3,303,957
-1,365,838
| -29% | -$98.9M |
|
12
Tesla
TSLA
$1.2T
| $335M | 2.94% |
4,648,155
-3,373,395
| -42% | -$182M |
|
|
13
Lam Research
LRCX
$400B
| $308M | 2.71% |
9,522,120
+4,494,910
| +89% | +$123M |
|
14
Peloton Interactive
PTON
$2.61B
| $297M | 2.61% |
5,140,586
+1,720,915
| +50% | +$71.2M |
|
15
Insulet
PODD
$11B
| $283M | 2.49% |
1,454,347
+17,713
| +1% | +$3.39M |
|
|
16
JD.com
JD
$40.6B
| $280M | 2.46% |
4,645,790
-5,106,768
| -52% | -$259M |
|
17
Dynatrace
DT
$11.8B
| $268M | 2.36% |
6,601,809
-4,878,267
| -42% | -$161M |
|
|
SMAR
18
DELISTED
Smartsheet Inc.
SMAR
| $256M | 2.25% |
5,019,569
-525,315
| -9% | -$26.7M |
|
|
19
Alibaba
BABA
$273B
| $252M | 2.21% |
1,167,006
-1,351,334
| -54% | -$281M |
|
|
20
Liberty Broadband Class C
LBRDK
$4.26B
| $242M | 2.13% |
1,954,115
-2,876,108
| -60% | -$361M |
|
21
NVIDIA
NVDA
$5.06T
| $238M | 2.09% |
25,035,880
-10,854,280
| -30% | -$87.8M |
|
22
Global Payments
GPN
$21.3B
| $198M | 1.74% |
1,168,412
-706,763
| -38% | -$118M |
|
23
Shopify
SHOP
$145B
| $158M | 1.39% |
1,666,390
+1,652,720
| +12,090% | +$115M |
|
|
DOCU
24
DocuSign
DOCU
$8.98B
| $147M | 1.3% |
+856,094
| New | +$108M |
|
25
Wolfspeed
WOLF
$1.35B
| $134M | 1.18% |
2,262,221
-2,554,118
| -53% | -$123M |
|
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Philippe Laffont's Q2 2020 Portfolio in Review
As of Q2 2020, Philippe Laffont held 187 positions worth $11.4B, up 44% from $7.89B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Philippe Laffont's Q2 2020 filing shows 37 new, 15 increased, 32 reduced and 99 closed positions. Its largest new stake was Boeing: 2,750,028 shares worth $504M. The largest sale was Microsoft, an estimated $386M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 34% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Philippe Laffont's largest Q2 2020 buy was Boeing: 2,750,028 shares worth $504M.
- Philippe Laffont added most to Walt Disney in Q2 2020, an estimated $1.01B increase.
- Philippe Laffont's biggest Q2 2020 reduction was Microsoft, cutting an estimated $386M.
- Philippe Laffont fully exited RingCentral in Q2 2020, selling an estimated $111M.
- Philippe Laffont's ten largest holdings make up 56% of its $11.4B portfolio in Q2 2020.
- Philippe Laffont opened 37 new positions and closed 99 in Q2 2020.
- Philippe Laffont's portfolio value rose 44% quarter-over-quarter to $11.4B.
Based on Coatue Management's 13F filing for Q2 2020, filed 14 Aug 2020.