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 |
Meta Platforms (Facebook)
META
|
+$730M |
| 2 |
TSMC
TSM
|
+$530M |
| 3 |
Netflix
NFLX
|
+$461M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$445M |
| 5 |
Microsoft
MSFT
|
+$402M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$349M |
| 2 |
Broadcom
AVGO
|
+$178M |
| 3 |
JD.com
JD
|
+$174M |
| 4 |
Bath & Body Works
BBWI
|
+$135M |
| 5 |
PayPal
PYPL
|
+$121M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 46.37% |
| 2 | Communication Services | 28.7% |
| 3 | Consumer Discretionary | 14.31% |
| 4 | Healthcare | 8.38% |
| 5 | Financials | 1.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.54T
| $1.71B | 11.36% |
8,061,803
+4,287,205
| +114% | +$730M |
|
2
NVIDIA
NVDA
$5.06T
| $1.38B | 9.2% |
49,802,020
+3,415,700
| +7% | +$73.9M |
|
3
Tesla
TSLA
$1.2T
| $1.01B | 6.69% |
4,850,954
+639,930
| +15% | +$112M |
|
4
Moderna
MRNA
$22.6B
| $1.01B | 6.68% |
6,546,104
+152,539
| +2% | +$25.2M |
|
|
5
Netflix
NFLX
$287B
| $942M | 6.27% |
27,279,060
+13,922,280
| +104% | +$461M |
|
|
6
Microsoft
MSFT
$2.83T
| $910M | 6.05% |
3,156,034
+1,577,709
| +100% | +$402M |
|
7
Advanced Micro Devices
AMD
$880B
| $834M | 5.54% |
8,507,170
+2,868,691
| +51% | +$233M |
|
|
XYZ
8
Block Inc
XYZ
$45.5B
| $678M | 4.51% |
9,882,541
+4,509,095
| +84% | +$338M |
|
9
Adobe
ADBE
$84.3B
| $601M | 4% |
1,560,162
+398,328
| +34% | +$142M |
|
10
Amazon
AMZN
$2.51T
| $571M | 3.8% |
5,529,793
+620,610
| +13% | +$60M |
|
|
11
TSMC
TSM
$2.16T
| $549M | 3.65% |
+5,900,863
| New | +$530M |
|
|
12
Alphabet (Google) Class A
GOOGL
$3.88T
| $519M | 3.45% |
5,003,268
+4,642,368
| +1,286% | +$445M |
|
13
Lam Research
LRCX
$400B
| $439M | 2.92% |
8,275,470
+3,468,670
| +72% | +$170M |
|
14
Walt Disney
DIS
$161B
| $295M | 1.96% |
2,950,000
+2,803,039
| +1,907% | +$283M |
|
15
Charter Communications
CHTR
$15.6B
| $283M | 1.88% |
791,742
+625,688
| +377% | +$234M |
|
16
Applied Materials
AMAT
$447B
| $255M | 1.69% |
2,072,390
+1,321,679
| +176% | +$152M |
|
|
DOCU
17
DocuSign
DOCU
$8.98B
| $252M | 1.68% |
4,329,808
+1,587,843
| +58% | +$94.7M |
|
18
UnitedHealth
UNH
$385B
| $240M | 1.6% |
+507,817
| New | +$245M |
|
|
EDR
19
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $221M | 1.47% |
9,244,190
-4,911,741
| -35% | -$109M |
|
20
Intuit
INTU
$77B
| $201M | 1.34% |
451,266
+74,234
| +20% | +$30.5M |
|
21
Uber
UBER
$140B
| $191M | 1.27% |
6,021,805
+2,329,129
| +63% | +$73.9M |
|
|
22
Alibaba
BABA
$273B
| $155M | 1.03% |
1,516,924
-3,484,479
| -70% | -$349M |
|
23
Enphase Energy
ENPH
$5.13B
| $150M | 1% |
714,442
-424,930
| -37% | -$92M |
|
24
CrowdStrike
CRWD
$187B
| $132M | 0.88% |
3,851,300
+3,736,480
| +3,254% | +$108M |
|
25
First Citizens BancShares
FCNCA
$25.6B
| $126M | 0.84% |
+129,352
| New | +$96.1M |
|
Similar funds
Philippe Laffont's Q1 2023 Portfolio in Review
As of Q1 2023, Philippe Laffont held 95 positions worth $15B, up 69% from $8.92B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Philippe Laffont deployed $3.72B of net new capital in Q1 2023, opening 23 new positions and adding to 36 existing holdings. Its largest new stake was TSMC: 5,900,863 shares worth $549M.
By sector, the portfolio is most concentrated in Technology at 46% of assets, up from 41% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Alibaba, an estimated $349M trimmed.
- Philippe Laffont's largest Q1 2023 buy was TSMC: 5,900,863 shares worth $549M.
- Philippe Laffont added most to Meta Platforms (Facebook) in Q1 2023, an estimated $730M increase.
- Philippe Laffont's biggest Q1 2023 reduction was Alibaba, cutting an estimated $349M.
- Philippe Laffont fully exited Broadcom in Q1 2023, selling an estimated $178M.
- Philippe Laffont's ten largest holdings make up 64% of its $15B portfolio in Q1 2023.
- Philippe Laffont opened 23 new positions and closed 21 in Q1 2023.
- Philippe Laffont's portfolio value rose 69% quarter-over-quarter to $15B.
Based on Coatue Management's 13F filing for Q1 2023, filed 15 May 2023.