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 |
Amazon
AMZN
|
+$790M |
| 2 |
Microsoft
MSFT
|
+$669M |
| 3 |
Advanced Micro Devices
AMD
|
+$569M |
| 4 |
Oracle
ORCL
|
+$451M |
| 5 |
Equinix
EQIX
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$589M |
| 2 |
Netflix
NFLX
|
+$268M |
| 3 |
Adobe
ADBE
|
+$227M |
| 4 |
DOCU
DocuSign
DOCU
|
+$171M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$126M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 46.77% |
| 2 | Communication Services | 20.2% |
| 3 | Consumer Discretionary | 17.39% |
| 4 | Healthcare | 6.89% |
| 5 | Industrials | 3.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.06T
| $1.96B | 9.63% |
46,449,700
-3,352,320
| -7% | -$111M |
|
|
2
Microsoft
MSFT
$2.83T
| $1.8B | 8.83% |
5,291,784
+2,135,750
| +68% | +$669M |
|
|
3
Meta Platforms (Facebook)
META
$1.54T
| $1.63B | 7.98% |
5,675,793
-2,386,010
| -30% | -$589M |
|
|
4
Amazon
AMZN
$2.51T
| $1.62B | 7.95% |
12,448,010
+6,918,217
| +125% | +$790M |
|
|
5
Advanced Micro Devices
AMD
$880B
| $1.59B | 7.8% |
13,974,624
+5,467,454
| +64% | +$569M |
|
6
Tesla
TSLA
$1.2T
| $1.22B | 5.99% |
4,668,841
-182,113
| -4% | -$36.4M |
|
|
7
Netflix
NFLX
$287B
| $881M | 4.31% |
19,994,010
-7,285,050
| -27% | -$268M |
|
8
Moderna
MRNA
$22.6B
| $795M | 3.9% |
6,546,104
| – | – |
|
9
TSMC
TSM
$2.16T
| $682M | 3.34% |
6,758,691
+857,828
| +15% | +$79.8M |
|
|
10
Alphabet (Google) Class A
GOOGL
$3.88T
| $664M | 3.25% |
5,548,338
+545,070
| +11% | +$62.7M |
|
|
XYZ
11
Block Inc
XYZ
$45.5B
| $565M | 2.77% |
8,491,001
-1,391,540
| -14% | -$86.9M |
|
|
12
Oracle
ORCL
$346B
| $520M | 2.55% |
+4,363,761
| New | +$451M |
|
13
Lam Research
LRCX
$400B
| $514M | 2.52% |
7,992,690
-282,780
| -3% | -$15.9M |
|
|
14
Adobe
ADBE
$84.3B
| $488M | 2.39% |
997,724
-562,438
| -36% | -$227M |
|
15
First Citizens BancShares
FCNCA
$25.6B
| $413M | 2.02% |
321,575
+192,223
| +149% | +$222M |
|
|
16
Equinix
EQIX
$102B
| $385M | 1.88% |
+490,646
| New | +$359M |
|
17
Eaton
ETN
$161B
| $358M | 1.75% |
+1,778,533
| New | +$313M |
|
18
Applied Materials
AMAT
$447B
| $313M | 1.53% |
2,162,584
+90,194
| +4% | +$11.3M |
|
19
UnitedHealth
UNH
$385B
| $305M | 1.5% |
634,947
+127,130
| +25% | +$62.2M |
|
20
Uber
UBER
$140B
| $298M | 1.46% |
6,909,419
+887,614
| +15% | +$33M |
|
21
Walt Disney
DIS
$161B
| $263M | 1.29% |
2,950,000
| – | – |
|
22
Intuit
INTU
$77B
| $259M | 1.27% |
564,322
+113,056
| +25% | +$49.5M |
|
23
Ulta Beauty
ULTA
$20.5B
| $216M | 1.06% |
+459,983
| New | +$225M |
|
24
Charter Communications
CHTR
$15.6B
| $193M | 0.94% |
524,128
-267,614
| -34% | -$91.3M |
|
|
EDR
25
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $159M | 0.78% |
6,628,602
-2,615,588
| -28% | -$61.6M |
|
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Philippe Laffont's Q2 2023 Portfolio in Review
As of Q2 2023, Philippe Laffont held 97 positions worth $20.4B, up 36% from $15B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Philippe Laffont deployed $2.63B of net new capital in Q2 2023, opening 23 new positions and adding to 21 existing holdings. Its largest new stake was Oracle: 4,363,761 shares worth $520M.
By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 46% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $589M trimmed.
- Philippe Laffont's largest Q2 2023 buy was Oracle: 4,363,761 shares worth $520M.
- Philippe Laffont added most to Amazon in Q2 2023, an estimated $790M increase.
- Philippe Laffont's biggest Q2 2023 reduction was Meta Platforms (Facebook), cutting an estimated $589M.
- Philippe Laffont fully exited Alphabet (Google) Class C in Q2 2023, selling an estimated $126M.
- Philippe Laffont's ten largest holdings make up 63% of its $20.4B portfolio in Q2 2023.
- Philippe Laffont opened 23 new positions and closed 6 in Q2 2023.
- Philippe Laffont's portfolio value rose 36% quarter-over-quarter to $20.4B.
Based on Coatue Management's 13F filing for Q2 2023, filed 14 Aug 2023.