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
|
+$445M |
| 2 |
XYZ
Block Inc
XYZ
|
+$385M |
| 3 |
DoorDash
DASH
|
+$254M |
| 4 |
Peloton Interactive
PTON
|
+$234M |
| 5 |
Netflix
NFLX
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kanzhun
BZ
|
+$805M |
| 2 |
Lam Research
LRCX
|
+$618M |
| 3 |
Pfizer
PFE
|
+$609M |
| 4 |
CFLT
Confluent
CFLT
|
+$493M |
| 5 |
Walt Disney
DIS
|
+$390M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.61% |
| 2 | Technology | 24.15% |
| 3 | Communication Services | 19.15% |
| 4 | Healthcare | 9.87% |
| 5 | Financials | 5.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Tesla
TSLA
$1.2T
| $1.65B | 12.04% |
4,584,165
+146,961
| +3% | +$45.8M |
|
2
Rivian
RIVN
$23.8B
| $1.55B | 11.33% |
30,839,190
-4,387,111
| -12% | -$267M |
|
|
3
Moderna
MRNA
$22.6B
| $1.19B | 8.73% |
6,928,147
+2,641,144
| +62% | +$445M |
|
|
XYZ
4
Block Inc
XYZ
$45.5B
| $800M | 5.86% |
5,903,194
+3,183,270
| +117% | +$385M |
|
5
Meta Platforms (Facebook)
META
$1.54T
| $622M | 4.55% |
2,797,896
+431,481
| +18% | +$108M |
|
|
6
DoorDash
DASH
$74B
| $619M | 4.53% |
5,280,472
+2,347,602
| +80% | +$254M |
|
7
Snowflake
SNOW
$91.9B
| $603M | 4.41% |
2,632,031
+535,658
| +26% | +$138M |
|
8
Microsoft
MSFT
$2.83T
| $592M | 4.33% |
1,921,041
-48,183
| -2% | -$14.5M |
|
|
9
Netflix
NFLX
$287B
| $539M | 3.94% |
14,389,560
+5,077,040
| +55% | +$211M |
|
10
Visa
V
$669B
| $525M | 3.84% |
2,365,558
+118,873
| +5% | +$25.7M |
|
|
EDR
11
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $504M | 3.68% |
17,064,653
-797,531
| -4% | -$24.2M |
|
12
Amazon
AMZN
$2.51T
| $494M | 3.61% |
3,031,900
-2,315,060
| -43% | -$358M |
|
|
13
Walt Disney
DIS
$161B
| $425M | 3.11% |
3,096,961
-2,699,778
| -47% | -$390M |
|
14
Uber
UBER
$140B
| $323M | 2.36% |
9,040,620
+3,125,823
| +53% | +$112M |
|
15
Sea Limited
SE
$60.9B
| $282M | 2.06% |
2,351,130
+164,826
| +8% | +$23.2M |
|
|
16
Peloton Interactive
PTON
$2.61B
| $228M | 1.66% |
8,614,159
+8,177,503
| +1,873% | +$234M |
|
17
Roblox
RBLX
$34B
| $222M | 1.62% |
4,792,393
+1,829,172
| +62% | +$110M |
|
18
JD.com
JD
$40.6B
| $215M | 1.57% |
3,712,471
-3,433,113
| -48% | -$233M |
|
19
PayPal
PYPL
$49.4B
| $201M | 1.47% |
1,737,691
-860,895
| -33% | -$115M |
|
20
Broadcom
AVGO
$1.87T
| $200M | 1.46% |
3,175,840
| – | – |
|
21
NVIDIA
NVDA
$5.06T
| $172M | 1.26% |
6,305,750
-5,516,850
| -47% | -$138M |
|
|
DOCU
22
DocuSign
DOCU
$8.98B
| $157M | 1.15% |
+1,463,956
| New | +$168M |
|
23
Bath & Body Works
BBWI
$3.9B
| $154M | 1.12% |
3,214,424
| – | – |
|
24
CrowdStrike
CRWD
$187B
| $139M | 1.02% |
2,447,400
-1,939,828
| -44% | -$90.4M |
|
25
Zillow
Z
$6.77B
| $116M | 0.85% |
2,358,800
+1,054,471
| +81% | +$56.7M |
|
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Philippe Laffont's Q1 2022 Portfolio in Review
As of Q1 2022, Philippe Laffont held 93 positions worth $13.7B, down 39% from $22.6B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Philippe Laffont withdrew a net $4.26B in Q1 2022, closing 35 positions and reducing 18 holdings. Its most notable exit was Kanzhun, an estimated $805M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, up from 36% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Philippe Laffont opened a new position in DocuSign worth $157M.
- Philippe Laffont's largest Q1 2022 buy was DocuSign: 1,463,956 shares worth $157M.
- Philippe Laffont added most to Moderna in Q1 2022, an estimated $445M increase.
- Philippe Laffont's biggest Q1 2022 reduction was Walt Disney, cutting an estimated $390M.
- Philippe Laffont fully exited Kanzhun in Q1 2022, selling an estimated $805M.
- Philippe Laffont's ten largest holdings make up 64% of its $13.7B portfolio in Q1 2022.
- Philippe Laffont opened 12 new positions and closed 35 in Q1 2022.
- Philippe Laffont's portfolio value fell 39% quarter-over-quarter to $13.7B.
Based on Coatue Management's 13F filing for Q1 2022, filed 16 May 2022.