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 |
Constellation Energy
CEG
|
+$583M |
| 2 |
GE Vernova
GEV
|
+$528M |
| 3 |
Dell
DELL
|
+$414M |
| 4 |
Amphenol
APH
|
+$392M |
| 5 |
Qualcomm
QCOM
|
+$298M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$747M |
| 2 |
Maplebear
CART
|
+$383M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$289M |
| 4 |
Netflix
NFLX
|
+$278M |
| 5 |
XYZ
Block Inc
XYZ
|
+$194M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 49.4% |
| 2 | Communication Services | 13.63% |
| 3 | Industrials | 10.93% |
| 4 | Consumer Discretionary | 10.7% |
| 5 | Financials | 5.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.54T
| $2.11B | 8.21% |
4,182,327
-133,817
| -3% | -$65M |
|
2
Amazon
AMZN
$2.51T
| $2.08B | 8.1% |
10,772,811
+702,235
| +7% | +$129M |
|
3
TSMC
TSM
$2.16T
| $1.98B | 7.71% |
11,393,702
+1,053,684
| +10% | +$160M |
|
4
NVIDIA
NVDA
$5.06T
| $1.7B | 6.61% |
13,754,447
-96,963
| -0.7% | -$9.8M |
|
5
Microsoft
MSFT
$2.83T
| $1.65B | 6.44% |
3,701,654
+20,684
| +0.6% | +$8.74M |
|
6
Eaton
ETN
$161B
| $1.34B | 5.22% |
4,274,938
+126,551
| +3% | +$40.9M |
|
|
7
Qualcomm
QCOM
$180B
| $1.04B | 4.07% |
5,243,140
+1,579,974
| +43% | +$298M |
|
8
Adobe
ADBE
$84.3B
| $1.02B | 3.99% |
1,843,921
+412,619
| +29% | +$200M |
|
9
Advanced Micro Devices
AMD
$880B
| $1.02B | 3.97% |
6,279,158
-502,688
| -7% | -$80.9M |
|
|
10
Dell
DELL
$284B
| $1.01B | 3.93% |
7,311,852
+3,090,934
| +73% | +$414M |
|
|
11
Constellation Energy
CEG
$98.4B
| $983M | 3.83% |
4,907,885
+2,858,192
| +139% | +$583M |
|
12
Vertiv
VRT
$117B
| $783M | 3.05% |
9,042,912
-202,430
| -2% | -$18.4M |
|
13
Nu Holdings
NU
$68.5B
| $762M | 2.97% |
59,142,605
-3,670,362
| -6% | -$42.7M |
|
|
14
GE Vernova
GEV
$275B
| $571M | 2.22% |
+3,332,031
| New | +$528M |
|
|
15
Alphabet (Google) Class A
GOOGL
$3.88T
| $504M | 1.96% |
2,764,509
-1,713,960
| -38% | -$289M |
|
|
16
Salesforce
CRM
$129B
| $491M | 1.91% |
1,907,872
-2,792,964
| -59% | -$747M |
|
17
Lam Research
LRCX
$400B
| $487M | 1.9% |
4,574,430
+129,270
| +3% | +$12.4M |
|
18
Intuitive Surgical
ISRG
$119B
| $457M | 1.78% |
1,027,054
-250,526
| -20% | -$99.8M |
|
19
Broadcom
AVGO
$1.87T
| $455M | 1.77% |
2,834,360
-1,330,240
| -32% | -$186M |
|
|
20
Amphenol
APH
$194B
| $418M | 1.63% |
+6,211,919
| New | +$392M |
|
|
21
Netflix
NFLX
$287B
| $413M | 1.61% |
6,123,230
-4,446,810
| -42% | -$278M |
|
22
PayPal
PYPL
$49.4B
| $352M | 1.37% |
6,065,510
-1,975,817
| -25% | -$126M |
|
23
First Citizens BancShares
FCNCA
$25.6B
| $351M | 1.37% |
208,364
-78,029
| -27% | -$131M |
|
24
Vistra
VST
$57B
| $343M | 1.33% |
3,985,377
+768,799
| +24% | +$64.3M |
|
25
Intuit
INTU
$77B
| $329M | 1.28% |
500,389
-15,189
| -3% | -$9.42M |
|
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Philippe Laffont's Q2 2024 Portfolio in Review
As of Q2 2024, Philippe Laffont held 97 positions worth $25.7B, up 0.76% from $25.5B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Philippe Laffont withdrew a net $1.63B in Q2 2024, closing 23 positions and reducing 31 holdings. Its most notable exit was Maplebear, an estimated $383M position sold in full.
By sector, the portfolio is most concentrated in Technology at 49% of assets, up from 47% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Philippe Laffont opened a new position in GE Vernova worth $571M.
- Philippe Laffont's largest Q2 2024 buy was GE Vernova: 3,332,031 shares worth $571M.
- Philippe Laffont added most to Constellation Energy in Q2 2024, an estimated $583M increase.
- Philippe Laffont's biggest Q2 2024 reduction was Salesforce, cutting an estimated $747M.
- Philippe Laffont fully exited Maplebear in Q2 2024, selling an estimated $383M.
- Philippe Laffont's ten largest holdings make up 58% of its $25.7B portfolio in Q2 2024.
- Philippe Laffont opened 6 new positions and closed 23 in Q2 2024.
- Philippe Laffont's portfolio value rose 0.76% quarter-over-quarter to $25.7B.
Based on Coatue Management's 13F filing for Q2 2024, filed 14 Aug 2024.