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 |
TSMC
TSM
|
+$1.25B |
| 2 |
Salesforce
CRM
|
+$738M |
| 3 |
Qualcomm
QCOM
|
+$566M |
| 4 |
Broadcom
AVGO
|
+$516M |
| 5 |
PayPal
PYPL
|
+$492M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$2.13B |
| 2 |
Advanced Micro Devices
AMD
|
+$997M |
| 3 |
Netflix
NFLX
|
+$690M |
| 4 |
Meta Platforms (Facebook)
META
|
+$586M |
| 5 |
Apple
AAPL
|
+$471M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.03% |
| 2 | Communication Services | 14.99% |
| 3 | Consumer Discretionary | 14.51% |
| 4 | Industrials | 8.53% |
| 5 | Financials | 6.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.54T
| $2.1B | 8.22% |
4,316,144
-1,313,528
| -23% | -$586M |
|
2
Amazon
AMZN
$2.51T
| $1.82B | 7.12% |
10,070,576
+241,514
| +2% | +$40.3M |
|
3
Microsoft
MSFT
$2.83T
| $1.55B | 6.07% |
3,680,970
-130,965
| -3% | -$53M |
|
|
4
Salesforce
CRM
$129B
| $1.42B | 5.55% |
4,700,836
+2,556,774
| +119% | +$738M |
|
|
5
TSMC
TSM
$2.16T
| $1.41B | 5.52% |
10,340,018
+10,027,552
| +3,209% | +$1.25B |
|
6
Eaton
ETN
$161B
| $1.3B | 5.09% |
4,148,387
+161,942
| +4% | +$44.3M |
|
|
7
NVIDIA
NVDA
$5.06T
| $1.25B | 4.91% |
13,851,410
-29,370,600
| -68% | -$2.13B |
|
|
8
Advanced Micro Devices
AMD
$880B
| $1.22B | 4.8% |
6,781,846
-5,704,052
| -46% | -$997M |
|
9
Vertiv
VRT
$117B
| $755M | 2.96% |
9,245,342
-4,566,506
| -33% | -$287M |
|
10
Nu Holdings
NU
$68.5B
| $749M | 2.94% |
62,812,967
-208,980
| -0.3% | -$2.13M |
|
11
Adobe
ADBE
$84.3B
| $722M | 2.83% |
1,431,302
-44,079
| -3% | -$25.3M |
|
12
Alphabet (Google) Class A
GOOGL
$3.88T
| $676M | 2.65% |
4,478,469
+2,597,338
| +138% | +$372M |
|
|
13
Netflix
NFLX
$287B
| $642M | 2.52% |
10,570,040
-12,237,810
| -54% | -$690M |
|
|
14
Qualcomm
QCOM
$180B
| $620M | 2.43% |
+3,663,166
| New | +$566M |
|
|
15
Broadcom
AVGO
$1.87T
| $552M | 2.17% |
+4,164,600
| New | +$516M |
|
|
16
PayPal
PYPL
$49.4B
| $539M | 2.11% |
8,041,327
+8,014,159
| +29,499% | +$492M |
|
17
Intuitive Surgical
ISRG
$119B
| $510M | 2% |
1,277,580
-24,015
| -2% | -$9.07M |
|
18
Dell
DELL
$284B
| $482M | 1.89% |
+4,220,918
| New | +$394M |
|
19
First Citizens BancShares
FCNCA
$25.6B
| $468M | 1.84% |
286,393
-54,721
| -16% | -$82.3M |
|
20
Tesla
TSLA
$1.2T
| $450M | 1.76% |
2,559,248
-1,497,593
| -37% | -$293M |
|
21
Lam Research
LRCX
$400B
| $432M | 1.69% |
4,445,160
-2,365,980
| -35% | -$208M |
|
22
Maplebear
CART
$10B
| $383M | 1.5% |
10,277,443
| – | – |
|
23
Constellation Energy
CEG
$98.4B
| $379M | 1.49% |
+2,049,693
| New | +$291M |
|
24
Equinix
EQIX
$102B
| $340M | 1.33% |
411,492
-150,070
| -27% | -$126M |
|
25
Intuit
INTU
$77B
| $335M | 1.31% |
515,578
-255,761
| -33% | -$163M |
|
Similar funds
Philippe Laffont's Q1 2024 Portfolio in Review
As of Q1 2024, Philippe Laffont held 121 positions worth $25.5B, up 6.9% from $23.8B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Philippe Laffont withdrew a net $3.28B in Q1 2024, closing 30 positions and reducing 28 holdings. Its most notable exit was Apple, an estimated $471M position sold in full.
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.
Against the trend, Philippe Laffont opened a new position in Qualcomm worth $620M.
- Philippe Laffont's largest Q1 2024 buy was Qualcomm: 3,663,166 shares worth $620M.
- Philippe Laffont added most to TSMC in Q1 2024, an estimated $1.25B increase.
- Philippe Laffont's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $2.13B.
- Philippe Laffont fully exited Apple in Q1 2024, selling an estimated $471M.
- Philippe Laffont's ten largest holdings make up 53% of its $25.5B portfolio in Q1 2024.
- Philippe Laffont opened 21 new positions and closed 30 in Q1 2024.
- Philippe Laffont's portfolio value rose 6.9% quarter-over-quarter to $25.5B.
Based on Coatue Management's 13F filing for Q1 2024, filed 15 May 2024.