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 |
DoorDash
DASH
|
+$1.4B |
| 2 |
Sunrun
RUN
|
+$648M |
| 3 |
Uber
UBER
|
+$418M |
| 4 |
API
Agora
API
|
+$416M |
| 5 |
AYX
Alteryx Inc
AYX
|
+$391M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VSLR
VIVINT SOLAR, INC.
VSLR
|
+$492M |
| 2 |
Tesla
TSLA
|
+$490M |
| 3 |
PLAN
Anaplan, Inc.
PLAN
|
+$241M |
| 4 |
SMAR
Smartsheet Inc.
SMAR
|
+$222M |
| 5 |
Global Payments
GPN
|
+$73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 42.57% |
| 2 | Consumer Discretionary | 27.34% |
| 3 | Communication Services | 17.95% |
| 4 | Financials | 6.41% |
| 5 | Industrials | 2.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Walt Disney
DIS
$161B
| $2B | 7.49% |
11,056,268
+1,628,007
| +17% | +$234M |
|
2
PayPal
PYPL
$49.4B
| $1.6B | 6% |
6,846,512
+69,719
| +1% | +$14.4M |
|
|
3
Tesla
TSLA
$1.2T
| $1.52B | 5.68% |
6,451,767
-2,869,758
| -31% | -$490M |
|
|
XYZ
4
Block Inc
XYZ
$45.5B
| $1.34B | 4.99% |
6,135,041
+627,616
| +11% | +$122M |
|
|
5
Sunrun
RUN
$2.48B
| $1.3B | 4.85% |
18,692,965
+10,431,994
| +126% | +$648M |
|
|
6
DoorDash
DASH
$74B
| $1.25B | 4.67% |
+8,750,705
| New | +$1.4B |
|
7
Snowflake
SNOW
$91.9B
| $1.14B | 4.28% |
4,067,911
+23,691
| +0.6% | +$6.74M |
|
|
8
Uber
UBER
$140B
| $1.08B | 4.04% |
21,166,062
+9,333,658
| +79% | +$418M |
|
9
Zoom
ZM
$24.7B
| $849M | 3.17% |
2,515,435
+40,740
| +2% | +$18.2M |
|
10
CrowdStrike
CRWD
$187B
| $840M | 3.14% |
15,857,156
-838,080
| -5% | -$32.7M |
|
11
Netflix
NFLX
$287B
| $776M | 2.9% |
14,351,870
+98,870
| +0.7% | +$5.01M |
|
12
Peloton Interactive
PTON
$2.61B
| $775M | 2.9% |
5,109,019
-31,567
| -0.6% | -$3.85M |
|
|
13
Global Payments
GPN
$21.3B
| $734M | 2.75% |
3,409,289
-391,600
| -10% | -$73M |
|
|
NUAN
14
DELISTED
Nuance Communications, Inc.
NUAN
| $733M | 2.74% |
16,614,864
+7,556,312
| +83% | +$286M |
|
15
Zillow
Z
$6.77B
| $705M | 2.64% |
5,431,792
+2,365,330
| +77% | +$262M |
|
16
Amazon
AMZN
$2.51T
| $681M | 2.55% |
4,182,680
| – | – |
|
17
Sea Limited
SE
$60.9B
| $626M | 2.34% |
3,144,837
+25,839
| +0.8% | +$4.6M |
|
|
PLAN
18
DELISTED
Anaplan, Inc.
PLAN
| $607M | 2.27% |
8,450,990
-3,707,104
| -30% | -$241M |
|
19
Meta Platforms (Facebook)
META
$1.54T
| $591M | 2.21% |
2,165,203
-166,626
| -7% | -$45.7M |
|
20
Shopify
SHOP
$145B
| $496M | 1.85% |
4,377,640
-18,380
| -0.4% | -$1.93M |
|
21
Lam Research
LRCX
$400B
| $450M | 1.68% |
9,521,930
| – | – |
|
22
Insulet
PODD
$11B
| $448M | 1.68% |
1,754,246
+293,033
| +20% | +$72.7M |
|
23
XPeng
XPEV
$12.2B
| $445M | 1.66% |
+10,379,425
| New | +$381M |
|
24
JD.com
JD
$40.6B
| $401M | 1.5% |
4,562,952
| – | – |
|
|
API
25
Agora
API
$329M
| $398M | 1.49% |
+10,070,026
| New | +$416M |
|
Similar funds
Philippe Laffont's Q4 2020 Portfolio in Review
As of Q4 2020, Philippe Laffont held 90 positions worth $26.7B, up 40% from $19.1B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Philippe Laffont deployed $3.82B of net new capital in Q4 2020, opening 17 new positions and adding to 26 existing holdings. Its largest new stake was DoorDash: 8,750,705 shares worth $1.25B.
By sector, the portfolio is most concentrated in Technology at 43% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Tesla, an estimated $490M trimmed.
- Philippe Laffont's largest Q4 2020 buy was DoorDash: 8,750,705 shares worth $1.25B.
- Philippe Laffont added most to Sunrun in Q4 2020, an estimated $648M increase.
- Philippe Laffont's biggest Q4 2020 reduction was Tesla, cutting an estimated $490M.
- Philippe Laffont fully exited VIVINT SOLAR, INC. in Q4 2020, selling an estimated $492M.
- Philippe Laffont's ten largest holdings make up 48% of its $26.7B portfolio in Q4 2020.
- Philippe Laffont opened 17 new positions and closed 14 in Q4 2020.
- Philippe Laffont's portfolio value rose 40% quarter-over-quarter to $26.7B.
Based on Coatue Management's 13F filing for Q4 2020, filed 16 Feb 2021.