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 |
Snowflake
SNOW
|
+$963M |
| 2 |
Tesla
TSLA
|
+$552M |
| 3 |
Global Payments
GPN
|
+$456M |
| 4 |
Sunrun
RUN
|
+$389M |
| 5 |
Uber
UBER
|
+$321M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$504M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$218M |
| 3 |
DexCom
DXCM
|
+$52.9M |
| 4 |
PayPal
PYPL
|
+$52.4M |
| 5 |
Howmet Aerospace
HWM
|
+$44.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 43.55% |
| 2 | Consumer Discretionary | 23.19% |
| 3 | Communication Services | 16.13% |
| 4 | Financials | 7.34% |
| 5 | Industrials | 6.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PayPal
PYPL
$49.4B
| $1.34B | 7.01% |
6,776,793
-278,458
| -4% | -$52.4M |
|
|
2
Tesla
TSLA
$1.2T
| $1.33B | 7% |
9,321,525
+4,673,370
| +101% | +$552M |
|
3
Walt Disney
DIS
$161B
| $1.17B | 6.14% |
9,428,261
+229,139
| +2% | +$28.6M |
|
4
Zoom
ZM
$24.7B
| $1.16B | 6.11% |
2,474,695
-46,612
| -2% | -$14.9M |
|
|
5
Snowflake
SNOW
$91.9B
| $1.02B | 5.33% |
+4,044,220
| New | +$963M |
|
|
XYZ
6
Block Inc
XYZ
$45.5B
| $895M | 4.7% |
5,507,425
+1,181,164
| +27% | +$167M |
|
|
PLAN
7
DELISTED
Anaplan, Inc.
PLAN
| $761M | 3.99% |
12,158,094
+3,526,010
| +41% | +$182M |
|
8
Netflix
NFLX
$287B
| $713M | 3.74% |
14,253,000
+209,840
| +1% | +$10.4M |
|
|
9
Global Payments
GPN
$21.3B
| $675M | 3.54% |
3,800,889
+2,632,477
| +225% | +$456M |
|
10
Amazon
AMZN
$2.51T
| $659M | 3.46% |
4,182,680
-4,600
| -0.1% | -$725K |
|
|
11
Sunrun
RUN
$2.48B
| $637M | 3.34% |
+8,260,971
| New | +$389M |
|
12
Meta Platforms (Facebook)
META
$1.54T
| $611M | 3.21% |
2,331,829
+314,150
| +16% | +$81M |
|
13
CrowdStrike
CRWD
$187B
| $573M | 3.01% |
16,695,236
-1,025,068
| -6% | -$29.9M |
|
14
Peloton Interactive
PTON
$2.61B
| $510M | 2.68% |
5,140,586
| – | – |
|
|
VSLR
15
DELISTED
VIVINT SOLAR, INC.
VSLR
| $492M | 2.58% |
+11,627,907
| New | +$300M |
|
16
Sea Limited
SE
$60.9B
| $480M | 2.52% |
3,118,998
-184,959
| -6% | -$25M |
|
17
Shopify
SHOP
$145B
| $450M | 2.36% |
4,396,020
+2,729,630
| +164% | +$271M |
|
|
18
Uber
UBER
$140B
| $432M | 2.27% |
11,832,404
+9,731,607
| +463% | +$321M |
|
19
JD.com
JD
$40.6B
| $354M | 1.86% |
4,562,952
-82,838
| -2% | -$5.76M |
|
20
Insulet
PODD
$11B
| $346M | 1.81% |
1,461,213
+6,866
| +0.5% | +$1.45M |
|
21
Alibaba
BABA
$273B
| $343M | 1.8% |
1,167,006
| – | – |
|
22
NVIDIA
NVDA
$5.06T
| $339M | 1.78% |
25,035,880
| – | – |
|
23
Lam Research
LRCX
$400B
| $316M | 1.66% |
9,521,930
-190
| -0% | -$6.55K |
|
24
Zillow
Z
$6.77B
| $312M | 1.64% |
+3,066,462
| New | +$239M |
|
|
NUAN
25
DELISTED
Nuance Communications, Inc.
NUAN
| $301M | 1.58% |
+9,058,552
| New | +$263M |
|
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Philippe Laffont's Q3 2020 Portfolio in Review
As of Q3 2020, Philippe Laffont held 112 positions worth $19.1B, up 68% from $11.4B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Philippe Laffont deployed $4.03B of net new capital in Q3 2020, opening 24 new positions and adding to 15 existing holdings. Its largest new stake was Snowflake: 4,044,220 shares worth $1.02B.
By sector, the portfolio is most concentrated in Technology at 44% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Liberty Broadband Class C, an estimated $218M trimmed.
- Philippe Laffont's largest Q3 2020 buy was Snowflake: 4,044,220 shares worth $1.02B.
- Philippe Laffont added most to Tesla in Q3 2020, an estimated $552M increase.
- Philippe Laffont's biggest Q3 2020 reduction was Liberty Broadband Class C, cutting an estimated $218M.
- Philippe Laffont fully exited Boeing in Q3 2020, selling an estimated $504M.
- Philippe Laffont's ten largest holdings make up 51% of its $19.1B portfolio in Q3 2020.
- Philippe Laffont opened 24 new positions and closed 39 in Q3 2020.
- Philippe Laffont's portfolio value rose 68% quarter-over-quarter to $19.1B.
Based on Coatue Management's 13F filing for Q3 2020, filed 16 Nov 2020.