In This Article:
Exploring the Latest 13F Filing of Coatue Management
Introduction to Philippe Laffont (Trades, Portfolio) and Coatue Management
Philippe Laffont (Trades, Portfolio), a prominent figure in the investment world, recently submitted the 13F filing for the first quarter of 2025, shedding light on his strategic investment decisions. Laffont is the founder of Coatue Management, a private hedge fund sponsor headquartered in New York. With a background as a student of Julian Robertson's Tiger Management (Trades, Portfolio), Laffont established Coatue in 1999. The firm is renowned for its tech-focused hedge fund, employing a fundamental analysis approach with both long and short strategies. Coatue's investment portfolio primarily comprises U.S. and non-U.S. publicly traded equity securities, with a significant focus on the information technology sector, which constitutes over half of its total allocated assets.
Summary of New Buy
Philippe Laffont (Trades, Portfolio) added a total of 24 stocks to his portfolio, with notable additions including:
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The most significant addition was CoreWeave Inc (NASDAQ:CRWV), with 14,402,999 shares, accounting for 2.35% of the portfolio and a total value of $534.06 million.
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The second largest addition was Philip Morris International Inc (NYSE:PM), consisting of 1,555,900 shares, representing approximately 1.09% of the portfolio, with a total value of $246.97 million.
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The third largest addition was Carvana Co (NYSE:CVNA), with 535,333 shares, accounting for 0.49% of the portfolio and a total value of $111.93 million.
Key Position Increases
Philippe Laffont (Trades, Portfolio) also increased stakes in a total of 18 stocks, among them:
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The most notable increase was Alibaba Group Holding Ltd (NYSE:BABA), with an additional 3,608,975 shares, bringing the total to 3,801,703 shares. This adjustment represents a significant 1,872.57% increase in share count, a 2.11% impact on the current portfolio, with a total value of $502.70 million.
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The second largest increase was Lam Research Corp (NASDAQ:LRCX), with an additional 4,163,199 shares, bringing the total to 8,209,569. This adjustment represents a significant 102.89% increase in share count, with a total value of $596.84 million.
Key Position Reduces
Philippe Laffont (Trades, Portfolio) also reduced positions in 22 stocks. The most significant changes include:
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Reduced Adobe Inc (NASDAQ:ADBE) by 1,069,690 shares, resulting in a -60.65% decrease in shares and a -1.6% impact on the portfolio. The stock traded at an average price of $428.84 during the quarter and has returned -12.13% over the past 3 months and -9.07% year-to-date.
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Reduced Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) by 2,002,065 shares, resulting in a -20.1% reduction in shares and a -1.33% impact on the portfolio. The stock traded at an average price of $194.34 during the quarter and has returned -4.34% over the past 3 months and -1.24% year-to-date.