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 |
NVIDIA
NVDA
|
+$527M |
| 2 |
PayPal
PYPL
|
+$308M |
| 3 |
Lam Research
LRCX
|
+$216M |
| 4 |
Uber
UBER
|
+$178M |
| 5 |
Adobe
ADBE
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$214M |
| 2 |
JD.com
JD
|
+$211M |
| 3 |
Tesla
TSLA
|
+$190M |
| 4 |
Alibaba
BABA
|
+$138M |
| 5 |
Amazon
AMZN
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.05% |
| 2 | Consumer Discretionary | 31.62% |
| 3 | Communication Services | 15.09% |
| 4 | Healthcare | 8.67% |
| 5 | Financials | 7.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Tesla
TSLA
$1.2T
| $941M | 10.92% |
3,546,074
-681,202
| -16% | -$190M |
|
2
Moderna
MRNA
$22.6B
| $675M | 7.83% |
5,706,504
+173
| +0% | +$26.3K |
|
3
Rivian
RIVN
$23.8B
| $645M | 7.49% |
19,597,621
+719,284
| +4% | +$24.5M |
|
|
4
Uber
UBER
$140B
| $441M | 5.12% |
16,628,166
+6,444,266
| +63% | +$178M |
|
|
5
NVIDIA
NVDA
$5.06T
| $411M | 4.77% |
33,842,880
+33,348,750
| +6,749% | +$527M |
|
|
6
PayPal
PYPL
$49.4B
| $404M | 4.69% |
4,691,346
+3,470,726
| +284% | +$308M |
|
|
7
Amazon
AMZN
$2.51T
| $365M | 4.24% |
3,233,243
-885,337
| -21% | -$112M |
|
8
Enphase Energy
ENPH
$5.13B
| $333M | 3.87% |
1,201,119
-165,474
| -12% | -$44.6M |
|
|
EDR
9
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $322M | 3.74% |
15,902,376
-1,070,824
| -6% | -$24.2M |
|
10
Walt Disney
DIS
$161B
| $292M | 3.39% |
3,096,961
| – | – |
|
|
XYZ
11
Block Inc
XYZ
$45.5B
| $274M | 3.18% |
4,980,324
+162,870
| +3% | +$11.5M |
|
12
Netflix
NFLX
$287B
| $274M | 3.18% |
11,625,960
-758,270
| -6% | -$16.8M |
|
13
Meta Platforms (Facebook)
META
$1.54T
| $209M | 2.42% |
1,537,074
-595,499
| -28% | -$96.5M |
|
|
14
Lam Research
LRCX
$400B
| $178M | 2.06% |
+4,852,910
| New | +$216M |
|
15
Visa
V
$669B
| $163M | 1.89% |
917,311
+284,987
| +45% | +$58M |
|
|
16
JD.com
JD
$40.6B
| $142M | 1.65% |
2,821,237
-3,558,967
| -56% | -$211M |
|
17
Broadcom
AVGO
$1.87T
| $141M | 1.64% |
3,175,840
| – | – |
|
18
DoorDash
DASH
$74B
| $139M | 1.62% |
2,819,599
+1,884,438
| +202% | +$126M |
|
|
19
Adobe
ADBE
$84.3B
| $109M | 1.27% |
+396,474
| New | +$150M |
|
20
Bath & Body Works
BBWI
$3.9B
| $105M | 1.22% |
3,214,424
| – | – |
|
|
21
Microsoft
MSFT
$2.83T
| $101M | 1.17% |
433,677
-811,390
| -65% | -$214M |
|
22
CrowdStrike
CRWD
$187B
| $101M | 1.17% |
2,447,400
| – | – |
|
23
Snowflake
SNOW
$91.9B
| $82.7M | 0.96% |
486,583
-329,298
| -40% | -$54.5M |
|
24
GitLab
GTLB
$5.1B
| $82.5M | 0.96% |
1,610,357
| – | – |
|
25
Zillow
Z
$6.77B
| $67.5M | 0.78% |
2,358,800
| – | – |
|
Similar funds
Philippe Laffont's Q3 2022 Portfolio in Review
As of Q3 2022, Philippe Laffont held 97 positions worth $8.61B, up 4.2% from $8.26B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Philippe Laffont deployed $558M of net new capital in Q3 2022, opening 16 new positions and adding to 18 existing holdings. Its largest new stake was Lam Research: 4,852,910 shares worth $178M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Microsoft, an estimated $214M trimmed.
- Philippe Laffont's largest Q3 2022 buy was Lam Research: 4,852,910 shares worth $178M.
- Philippe Laffont added most to NVIDIA in Q3 2022, an estimated $527M increase.
- Philippe Laffont's biggest Q3 2022 reduction was Microsoft, cutting an estimated $214M.
- Philippe Laffont fully exited Veeva Systems in Q3 2022, selling an estimated $79.3M.
- Philippe Laffont's ten largest holdings make up 56% of its $8.61B portfolio in Q3 2022.
- Philippe Laffont opened 16 new positions and closed 13 in Q3 2022.
- Philippe Laffont's portfolio value rose 4.2% quarter-over-quarter to $8.61B.
Based on Coatue Management's 13F filing for Q3 2022, filed 14 Nov 2022.