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 |
Alibaba
BABA
|
+$378M |
| 2 |
Advanced Micro Devices
AMD
|
+$320M |
| 3 |
Microsoft
MSFT
|
+$275M |
| 4 |
Meta Platforms (Facebook)
META
|
+$263M |
| 5 |
Adobe
ADBE
|
+$245M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$354M |
| 2 |
Rivian
RIVN
|
+$332M |
| 3 |
Walt Disney
DIS
|
+$282M |
| 4 |
PayPal
PYPL
|
+$247M |
| 5 |
Visa
V
|
+$163M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Consumer Discretionary | 25.57% |
| 3 | Communication Services | 15.55% |
| 4 | Healthcare | 14.01% |
| 5 | Financials | 2.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Moderna
MRNA
$22.6B
| $1.15B | 12.88% |
6,393,565
+687,061
| +12% | +$112M |
|
2
NVIDIA
NVDA
$5.06T
| $678M | 7.6% |
46,386,320
+12,543,440
| +37% | +$184M |
|
3
Tesla
TSLA
$1.2T
| $519M | 5.82% |
4,211,024
+664,950
| +19% | +$126M |
|
|
4
Meta Platforms (Facebook)
META
$1.54T
| $454M | 5.1% |
3,774,598
+2,237,524
| +146% | +$263M |
|
|
5
Alibaba
BABA
$273B
| $441M | 4.94% |
5,001,403
+4,796,186
| +2,337% | +$378M |
|
6
Amazon
AMZN
$2.51T
| $412M | 4.63% |
4,909,183
+1,675,940
| +52% | +$166M |
|
7
Netflix
NFLX
$287B
| $394M | 4.42% |
13,356,780
+1,730,820
| +15% | +$48.6M |
|
|
8
Adobe
ADBE
$84.3B
| $391M | 4.39% |
1,161,834
+765,360
| +193% | +$245M |
|
|
9
Microsoft
MSFT
$2.83T
| $379M | 4.25% |
1,578,325
+1,144,648
| +264% | +$275M |
|
|
10
Advanced Micro Devices
AMD
$880B
| $365M | 4.1% |
5,638,479
+4,845,580
| +611% | +$320M |
|
|
XYZ
11
Block Inc
XYZ
$45.5B
| $338M | 3.79% |
5,373,446
+393,122
| +8% | +$24.3M |
|
|
EDR
12
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $319M | 3.58% |
14,155,931
-1,746,445
| -11% | -$37.2M |
|
13
Enphase Energy
ENPH
$5.13B
| $302M | 3.39% |
1,139,372
-61,747
| -5% | -$18M |
|
14
JD.com
JD
$40.6B
| $227M | 2.55% |
4,042,789
+1,221,552
| +43% | +$61.5M |
|
15
Lam Research
LRCX
$400B
| $202M | 2.27% |
4,806,800
-46,110
| -1% | -$1.93M |
|
16
Broadcom
AVGO
$1.87T
| $178M | 1.99% |
3,175,840
| – | – |
|
|
17
Rivian
RIVN
$23.8B
| $154M | 1.72% |
8,331,192
-11,266,429
| -57% | -$332M |
|
|
DOCU
18
DocuSign
DOCU
$8.98B
| $152M | 1.7% |
2,741,965
+1,875,921
| +217% | +$91.3M |
|
19
Intuit
INTU
$77B
| $147M | 1.65% |
377,032
+246,332
| +188% | +$97.7M |
|
20
DoorDash
DASH
$74B
| $136M | 1.53% |
2,791,734
-27,865
| -1% | -$1.45M |
|
21
Bath & Body Works
BBWI
$3.9B
| $135M | 1.52% |
3,214,424
| – | – |
|
|
22
PayPal
PYPL
$49.4B
| $114M | 1.28% |
1,604,338
-3,087,008
| -66% | -$247M |
|
23
BioNTech
BNTX
$23.3B
| $92.9M | 1.04% |
618,231
+196,641
| +47% | +$30.3M |
|
|
24
Uber
UBER
$140B
| $91.3M | 1.02% |
3,692,676
-12,935,490
| -78% | -$354M |
|
25
Peloton Interactive
PTON
$2.61B
| $77.5M | 0.87% |
9,759,686
+4,399,819
| +82% | +$42.2M |
|
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Philippe Laffont's Q4 2022 Portfolio in Review
As of Q4 2022, Philippe Laffont held 96 positions worth $8.92B, up 3.5% from $8.61B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Philippe Laffont deployed $437M of net new capital in Q4 2022, opening 12 new positions and adding to 25 existing holdings. Its largest new stake was Charter Communications: 166,054 shares worth $56.3M.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Uber, an estimated $354M trimmed.
- Philippe Laffont's largest Q4 2022 buy was Charter Communications: 166,054 shares worth $56.3M.
- Philippe Laffont added most to Alibaba in Q4 2022, an estimated $378M increase.
- Philippe Laffont's biggest Q4 2022 reduction was Uber, cutting an estimated $354M.
- Philippe Laffont fully exited Visa in Q4 2022, selling an estimated $163M.
- Philippe Laffont's ten largest holdings make up 58% of its $8.92B portfolio in Q4 2022.
- Philippe Laffont opened 12 new positions and closed 24 in Q4 2022.
- Philippe Laffont's portfolio value rose 3.5% quarter-over-quarter to $8.92B.
Based on Coatue Management's 13F filing for Q4 2022, filed 14 Feb 2023.