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 |
Kanzhun
BZ
|
+$779M |
| 2 |
Marqeta
MQ
|
+$680M |
| 3 |
JD.com
JD
|
+$537M |
| 4 |
Microsoft
MSFT
|
+$303M |
| 5 |
CFLT
Confluent
CFLT
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$755M |
| 2 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$584M |
| 3 |
Tesla
TSLA
|
+$417M |
| 4 |
XYZ
Block Inc
XYZ
|
+$369M |
| 5 |
Sunrun
RUN
|
+$362M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.75% |
| 2 | Consumer Discretionary | 24.71% |
| 3 | Communication Services | 21.4% |
| 4 | Healthcare | 13.75% |
| 5 | Financials | 3.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Moderna
MRNA
$22.6B
| $2.33B | 9.47% |
6,048,926
-91,978
| -1% | -$33.9M |
|
2
DoorDash
DASH
$74B
| $1.95B | 7.92% |
9,455,215
-204,104
| -2% | -$39M |
|
3
Snowflake
SNOW
$91.9B
| $1.18B | 4.81% |
3,911,074
-467,922
| -11% | -$133M |
|
4
Walt Disney
DIS
$161B
| $990M | 4.03% |
5,850,227
-17,947
| -0.3% | -$3.2M |
|
|
5
Tesla
TSLA
$1.2T
| $874M | 3.56% |
3,380,775
-1,771,656
| -34% | -$417M |
|
6
Meta Platforms (Facebook)
META
$1.54T
| $830M | 3.38% |
2,445,357
-413,773
| -14% | -$149M |
|
|
7
Kanzhun
BZ
$6.81B
| $814M | 3.31% |
23,063,530
+22,034,955
| +2,142% | +$779M |
|
8
PayPal
PYPL
$49.4B
| $755M | 3.07% |
2,903,151
-822,845
| -22% | -$233M |
|
|
XYZ
9
Block Inc
XYZ
$45.5B
| $749M | 3.05% |
3,124,271
-1,434,907
| -31% | -$369M |
|
|
10
Amazon
AMZN
$2.51T
| $708M | 2.88% |
4,313,060
-4,374,920
| -50% | -$755M |
|
11
Sea Limited
SE
$60.9B
| $703M | 2.86% |
2,204,307
-386,544
| -15% | -$119M |
|
|
12
Marqeta
MQ
$1.76B
| $612M | 2.49% |
7,112,264
+6,361,160
| +847% | +$680M |
|
|
EDR
13
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $597M | 2.43% |
20,833,333
-4,166,666
| -17% | -$107M |
|
14
UiPath
PATH
$5.28B
| $596M | 2.43% |
11,332,361
| – | – |
|
|
15
JD.com
JD
$40.6B
| $589M | 2.39% |
8,148,654
+7,277,722
| +836% | +$537M |
|
16
Uber
UBER
$140B
| $571M | 2.32% |
12,738,797
-610,322
| -5% | -$26.7M |
|
17
Netflix
NFLX
$287B
| $568M | 2.31% |
9,312,520
-14,420
| -0.2% | -$794K |
|
18
Twilio
TWLO
$28.1B
| $558M | 2.27% |
1,749,944
-61,189
| -3% | -$22.3M |
|
19
Roblox
RBLX
$34B
| $553M | 2.25% |
7,315,535
+860,715
| +13% | +$70.7M |
|
20
Zoom
ZM
$24.7B
| $508M | 2.06% |
1,940,741
+509,261
| +36% | +$172M |
|
21
CrowdStrike
CRWD
$187B
| $450M | 1.83% |
7,318,488
-62,300
| -0.8% | -$4.02M |
|
22
Zillow
Z
$6.77B
| $419M | 1.71% |
4,756,444
-89,969
| -2% | -$9.1M |
|
|
23
Sunrun
RUN
$2.48B
| $418M | 1.7% |
9,507,942
-7,579,568
| -44% | -$362M |
|
|
CFLT
24
DELISTED
Confluent
CFLT
| $413M | 1.68% |
7,147,939
+5,422,939
| +314% | +$282M |
|
25
Peloton Interactive
PTON
$2.61B
| $365M | 1.49% |
4,196,416
-533,369
| -11% | -$59M |
|
Similar funds
Philippe Laffont's Q3 2021 Portfolio in Review
As of Q3 2021, Philippe Laffont held 90 positions worth $24.6B, down 4.8% from $25.8B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Philippe Laffont withdrew a net $833M in Q3 2021, closing 13 positions and reducing 37 holdings. Its most notable exit was Datadog, an estimated $100M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Philippe Laffont opened a new position in Microsoft worth $293M.
- Philippe Laffont's largest Q3 2021 buy was Microsoft: 1,040,142 shares worth $293M.
- Philippe Laffont added most to Kanzhun in Q3 2021, an estimated $779M increase.
- Philippe Laffont's biggest Q3 2021 reduction was Amazon, cutting an estimated $755M.
- Philippe Laffont fully exited Datadog in Q3 2021, selling an estimated $100M.
- Philippe Laffont's ten largest holdings make up 45% of its $24.6B portfolio in Q3 2021.
- Philippe Laffont opened 13 new positions and closed 13 in Q3 2021.
- Philippe Laffont's portfolio value fell 4.8% quarter-over-quarter to $24.6B.
Based on Coatue Management's 13F filing for Q3 2021, filed 12 Nov 2021.