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 |
Moderna
MRNA
|
+$873M |
| 2 |
UiPath
PATH
|
+$831M |
| 3 |
EDR
Endeavor Group Holdings, Inc.
EDR
|
+$720M |
| 4 |
DIDI
DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share
DIDI
|
+$572M |
| 5 |
Amazon
AMZN
|
+$562M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Li Auto
LI
|
+$267M |
| 2 |
XPeng
XPEV
|
+$203M |
| 3 |
Snowflake
SNOW
|
+$201M |
| 4 |
Sea Limited
SE
|
+$156M |
| 5 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$148M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.36% |
| 2 | Consumer Discretionary | 27.12% |
| 3 | Communication Services | 19.51% |
| 4 | Healthcare | 9.48% |
| 5 | Financials | 4.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
DoorDash
DASH
$74B
| $1.72B | 6.67% |
9,659,319
+401,135
| +4% | +$58.8M |
|
|
2
Amazon
AMZN
$2.51T
| $1.49B | 5.79% |
8,687,980
+3,378,880
| +64% | +$562M |
|
|
3
Moderna
MRNA
$22.6B
| $1.44B | 5.59% |
6,140,904
+4,883,219
| +388% | +$873M |
|
4
Tesla
TSLA
$1.2T
| $1.17B | 4.52% |
5,152,431
+274,656
| +6% | +$59.6M |
|
|
XYZ
5
Block Inc
XYZ
$45.5B
| $1.11B | 4.3% |
4,559,178
+679,147
| +18% | +$158M |
|
6
PayPal
PYPL
$49.4B
| $1.09B | 4.21% |
3,725,996
+789,877
| +27% | +$209M |
|
|
7
Snowflake
SNOW
$91.9B
| $1.06B | 4.1% |
4,378,996
-863,780
| -16% | -$201M |
|
8
Walt Disney
DIS
$161B
| $1.03B | 3.99% |
5,868,174
-213,951
| -4% | -$38.5M |
|
9
Meta Platforms (Facebook)
META
$1.54T
| $994M | 3.85% |
2,859,130
+726,559
| +34% | +$233M |
|
10
Sunrun
RUN
$2.48B
| $953M | 3.69% |
17,087,510
+73,649
| +0.4% | +$3.56M |
|
|
11
UiPath
PATH
$5.28B
| $770M | 2.98% |
+11,332,361
| New | +$831M |
|
|
NUAN
12
DELISTED
Nuance Communications, Inc.
NUAN
| $732M | 2.84% |
13,452,563
-792,211
| -6% | -$41.7M |
|
13
Twilio
TWLO
$28.1B
| $714M | 2.76% |
1,811,133
+1,404,668
| +346% | +$488M |
|
|
14
Sea Limited
SE
$60.9B
| $711M | 2.76% |
2,590,851
-614,519
| -19% | -$156M |
|
|
EDR
15
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $693M | 2.68% |
+24,999,999
| New | +$720M |
|
16
Uber
UBER
$140B
| $669M | 2.59% |
13,349,119
| – | – |
|
17
Shopify
SHOP
$145B
| $606M | 2.35% |
4,148,220
+1,568,240
| +61% | +$193M |
|
18
Zillow
Z
$6.77B
| $592M | 2.29% |
4,846,413
-128,955
| -3% | -$15.7M |
|
19
Peloton Interactive
PTON
$2.61B
| $587M | 2.27% |
4,729,785
+3,162,164
| +202% | +$337M |
|
20
Roblox
RBLX
$34B
| $581M | 2.25% |
+6,454,820
| New | +$518M |
|
21
Zoom
ZM
$24.7B
| $554M | 2.15% |
1,431,480
+254,666
| +22% | +$84.8M |
|
22
Netflix
NFLX
$287B
| $493M | 1.91% |
9,326,940
| – | – |
|
23
CrowdStrike
CRWD
$187B
| $464M | 1.8% |
7,380,788
| – | – |
|
|
24
XPeng
XPEV
$12.2B
| $461M | 1.79% |
10,379,425
-5,960,170
| -36% | -$203M |
|
|
API
25
Agora
API
$329M
| $401M | 1.55% |
9,562,594
| – | – |
|
Similar funds
Philippe Laffont's Q2 2021 Portfolio in Review
As of Q2 2021, Philippe Laffont held 88 positions worth $25.8B, up 42% from $18.2B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Philippe Laffont deployed $5.72B of net new capital in Q2 2021, opening 22 new positions and adding to 20 existing holdings. Its largest new stake was UiPath: 11,332,361 shares worth $770M.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 37% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Li Auto, an estimated $267M trimmed.
- Philippe Laffont's largest Q2 2021 buy was UiPath: 11,332,361 shares worth $770M.
- Philippe Laffont added most to Moderna in Q2 2021, an estimated $873M increase.
- Philippe Laffont's biggest Q2 2021 reduction was Li Auto, cutting an estimated $267M.
- Philippe Laffont fully exited Farfetch Limited Class A Ordinary Shares in Q2 2021, selling an estimated $148M.
- Philippe Laffont's ten largest holdings make up 47% of its $25.8B portfolio in Q2 2021.
- Philippe Laffont opened 22 new positions and closed 11 in Q2 2021.
- Philippe Laffont's portfolio value rose 42% quarter-over-quarter to $25.8B.
Based on Coatue Management's 13F filing for Q2 2021, filed 13 Aug 2021.