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 |
Applied Materials
AMAT
|
+$632M |
| 2 |
Natera
NTRA
|
+$514M |
| 3 |
Netflix
NFLX
|
+$504M |
| 4 |
DoorDash
DASH
|
+$448M |
| 5 |
Spotify
SPOT
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CRWV
CoreWeave
CRWV
|
+$920M |
| 2 |
Intuit
INTU
|
+$573M |
| 3 |
Alibaba
BABA
|
+$357M |
| 4 |
Atlassian
TEAM
|
+$332M |
| 5 |
KKR & Co
KKR
|
+$290M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.78% |
| 2 | Communication Services | 26.16% |
| 3 | Consumer Discretionary | 12.31% |
| 4 | Industrials | 10.6% |
| 5 | Utilities | 5.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
TSMC
TSM
$2.16T
| $2.62B | 6.56% |
8,629,524
+556,988
| +7% | +$163M |
|
2
Microsoft
MSFT
$2.83T
| $2.5B | 6.26% |
5,171,976
+528,926
| +11% | +$265M |
|
3
Meta Platforms (Facebook)
META
$1.54T
| $2.5B | 6.25% |
3,781,949
-253,768
| -6% | -$169M |
|
4
Amazon
AMZN
$2.51T
| $2.29B | 5.74% |
9,932,265
+1,189,170
| +14% | +$272M |
|
5
GE Vernova
GEV
$275B
| $2.2B | 5.51% |
3,370,174
-263,992
| -7% | -$161M |
|
6
Alphabet (Google) Class A
GOOGL
$3.88T
| $2.14B | 5.36% |
6,841,436
-379,679
| -5% | -$108M |
|
7
Constellation Energy
CEG
$98.4B
| $2.09B | 5.22% |
5,907,174
+181,211
| +3% | +$65.9M |
|
8
Broadcom
AVGO
$1.87T
| $1.91B | 4.77% |
5,510,227
-257,332
| -4% | -$92M |
|
9
NVIDIA
NVDA
$5.06T
| $1.72B | 4.3% |
9,203,338
-667,405
| -7% | -$124M |
|
10
Lam Research
LRCX
$400B
| $1.68B | 4.2% |
9,805,565
-148,927
| -1% | -$23.2M |
|
|
11
Applied Materials
AMAT
$447B
| $1.54B | 3.85% |
5,984,332
+2,635,284
| +79% | +$632M |
|
12
Eaton
ETN
$161B
| $1.5B | 3.76% |
4,721,223
-73,554
| -2% | -$26.1M |
|
13
Applovin
APP
$134B
| $1.47B | 3.69% |
2,185,747
-82,108
| -4% | -$51.7M |
|
|
14
Spotify
SPOT
$96.4B
| $1.42B | 3.56% |
2,450,881
+647,708
| +36% | +$405M |
|
15
Reddit
RDDT
$32.5B
| $1.28B | 3.19% |
5,550,241
-347,299
| -6% | -$73M |
|
|
16
Netflix
NFLX
$287B
| $1.02B | 2.55% |
10,861,355
+4,674,005
| +76% | +$504M |
|
|
17
DoorDash
DASH
$74B
| $989M | 2.47% |
4,365,365
+1,910,488
| +78% | +$448M |
|
18
Oracle
ORCL
$346B
| $865M | 2.17% |
4,440,008
-356,149
| -7% | -$84.8M |
|
19
Carvana
CVNA
$43.1B
| $826M | 2.07% |
9,791,145
-224,895
| -2% | -$16.7M |
|
20
Synopsys
SNPS
$71.5B
| $778M | 1.95% |
1,656,489
-152,638
| -8% | -$67.8M |
|
21
Nu Holdings
NU
$68.5B
| $766M | 1.92% |
45,750,363
-1,548,412
| -3% | -$24.9M |
|
22
Tesla
TSLA
$1.2T
| $738M | 1.85% |
1,641,406
-87,805
| -5% | -$38.9M |
|
|
23
Alphabet (Google) Class C
GOOG
$3.88T
| $628M | 1.57% |
2,000,536
-91,038
| -4% | -$26.1M |
|
|
24
Natera
NTRA
$37.9B
| $603M | 1.51% |
2,633,334
+2,463,008
| +1,446% | +$514M |
|
25
Snowflake
SNOW
$91.9B
| $544M | 1.36% |
2,480,963
+524,515
| +27% | +$128M |
|
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Philippe Laffont's Q4 2025 Portfolio in Review
As of Q4 2025, Philippe Laffont held 87 positions worth $40B, down 2% from $40.8B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Philippe Laffont's Q4 2025 filing shows 13 new, 13 increased, 24 reduced and 35 closed positions. Its largest new stake was Vertiv: 828,947 shares worth $134M. The largest sale was CoreWeave, an estimated $920M.
By sector, the portfolio is most concentrated in Technology at 39% of assets, down from 41% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Philippe Laffont's largest Q4 2025 buy was Vertiv: 828,947 shares worth $134M.
- Philippe Laffont added most to Applied Materials in Q4 2025, an estimated $632M increase.
- Philippe Laffont's biggest Q4 2025 reduction was PayPal, cutting an estimated $230M.
- Philippe Laffont fully exited CoreWeave in Q4 2025, selling an estimated $920M.
- Philippe Laffont's ten largest holdings make up 54% of its $40B portfolio in Q4 2025.
- Philippe Laffont opened 13 new positions and closed 35 in Q4 2025.
- Philippe Laffont's portfolio value fell 2% quarter-over-quarter to $40B.
Based on Coatue Management's 13F filing for Q4 2025, filed 17 Feb 2026.