Coatue

Q4 2013 13F · by Philippe Laffont, founder

As of: Dec 31, 2013
Filed: Feb 13, 2014
US stock: $10.2B · prev $9.8B
Positions: 48 · prev 51
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves46 since the prior filing

+16.0 pp in · −15.9 pp out

New 6 +3.17 pp
Added 9 +12.81 pp
Trimmed 22 −1.03 pp
Exited 9 −14.84 pp

The book

Focused · behaves like 23 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 60% a year, about 1.7 years per position

Low
Moderate
High

Top 5 positions34% of US stock

unresolved CBS Corp trimmed+0.25 pp trimmed+0.258.4%
AAPL Apple Inc. added+6.13 pp added+6.138.3%
TWX Time Warner Inc trimmed−1.09 pp trimmed−1.096.9%
AMZN Amazon.Com Inc added+3.14 pp added+3.145.7%
BIDU Baidu, Inc. added+1.45 pp added+1.454.9%

Positions48 in this filing · 9 exited


unresolvedCBS Corp	8.38%	13,441,836	$857M	trimmed−7%	+0.25 pp	3 q
AAPLApple Inc.	8.28%	1,508,295	$846M	added×3.4	+6.13 pp	3 q
TWXTime Warner Inc	6.92%	10,142,107	$707M	trimmed−15%	−1.09 pp	3 q
AMZNAmazon.Com Inc	5.65%	1,448,597	$578M	added+83%	+3.14 pp	3 q
BIDUBaidu, Inc.	4.88%	2,806,345	$499M	added+29%	+1.45 pp	3 q
METAMeta Platforms, Inc. Class A	4.51%	8,433,417	$461M	trimmed−9%	−0.22 pp	2 q
unresolvedGoogle Inc.	4.46%	406,892	$456M	trimmed−4%	+0.68 pp	3 q
LBTYALiberty Global Ltd. Class A	4.23%	4,855,378	$432M	trimmed−6%	+0.06 pp	3 q
NFLXNetFlix Inc	3.84%	1,066,601	$393M	trimmed−1%	+0.46 pp	3 q
AMTAmerican Tower Corporation	3.65%	4,672,738	$373M	trimmed−2%	+0.05 pp	3 q
unresolvedCrwn Castle Int'l Corp.	3.63%	5,057,500	$371M	added+6%	+0.07 pp	3 q
unresolvedPriceline Grp Inc	3.63%	318,992	$371M	trimmed−10%	−0.03 pp	3 q
unresolvedCharter Comm's Inc	3.44%	2,568,094	$351M	trimmed−0%	−0.08 pp	3 q
unresolvedTwenty First Centy Fox Inc	3.40%	9,875,593	$347M	trimmed−14%	−0.54 pp	2 q
TRIPTripAdvisor, Inc.	3.30%	4,076,058	$338M	added+9%	+0.41 pp	3 q
NBISNebius Group N.V. Class A	2.99%	7,072,119	$305M	trimmed−0%	+0.37 pp	3 q
LBBath & Body Works, Inc.	2.67%	4,405,544	$272M	added+25%	+0.48 pp	3 q
unresolvedWhole Foods Market	2.61%	4,609,617	$267M	trimmed−1%	−0.16 pp	3 q
unresolvedLinkedin Corp Cl A	2.25%	1,061,903	$230M	added+3%	−0.34 pp	3 q
unresolvedGreen Mtn Coffee Roasters In	2.22%	3,002,074	$227M	trimmed−2%	−0.13 pp	3 q
HAINHain Celestial Group Inc	1.95%	2,194,256	$199M	added+2%	+0.27 pp	3 q
VRSNVeriSign Inc	1.80%	3,074,499	$184M	trimmed−1%	+0.20 pp	3 q
unresolvedTime Warner Cable Inc	1.61%	1,216,126	$165M	trimmed−1%	+0.22 pp	3 q
unresolvedPandora Media Inc	1.49%	5,713,020	$152M	added×5.0	+1.20 pp	2 q
SIRISirius XM Holdings, Inc	1.38%	40,509,865	$141M	new	+1.38 pp	new
TSLATesla, Inc.	1.00%	681,936	$103M	trimmed−4%	−0.40 pp	3 q
GAPThe Gap, Inc.	0.75%	1,956,337	$76M	new	+0.75 pp	new
BBYBest Buy Company, Inc.	0.69%	1,759,469	$70M	held	—	3 q
unresolvedYouku Inc ADR	0.65%	2,187,818	$66M	new	+0.65 pp	new
unresolvedSupervalu Inc	0.53%	7,498,848	$55M	held	—	3 q
NWSANews Corporation Class A	0.48%	2,698,604	$49M	held	—	2 q
BBBlackBerry Limited	0.45%	6,149,438	$46M	held	—	2 q
unresolvedRackspace Hosting Inc	0.33%	853,264	$33M	trimmed−12%	−0.19 pp	3 q
unresolvedDonnelley R R & Sons Co	0.29%	1,479,405	$30M	held	—	3 q
NUANNuance Communications, Inc.	0.27%	1,845,227	$28M	held	—	3 q
MLNXMellanox Technologies Ltd	0.24%	610,501	$24M	new	+0.24 pp	new
ATMLAtmel Corp	0.23%	2,978,198	$23M	held	—	3 q
unresolvedPolycom Inc	0.18%	1,632,196	$18M	trimmed−20%	−0.05 pp	3 q
unresolvedLevel 3 Communications Inc	0.17%	509,122	$17M	held	—	3 q
LOGILogitech International SA	0.15%	1,125,376	$15M	held	—	3 q
WDAYWorkday, Inc. Class A	0.08%	104,390	$9M	new	+0.08 pp	new
unresolvedFusion-io Inc	0.07%	754,305	$7M	held	—	3 q
YELPYelp Inc.	0.07%	103,730	$7M	new	+0.07 pp	new
unresolvedNii Hldgs Inc	0.06%	2,231,197	$6M	trimmed−35%	−0.15 pp	3 q
unresolvedNutri Sys Inc New	0.05%	293,017	$5M	trimmed−54%	−0.04 pp	3 q
unresolvedJoy Global Inc	0.04%	68,900	$4M	trimmed−85%	−0.20 pp	3 q
QNSTQuinStreet, Inc.	0.04%	526,593	$5M	held	—	3 q
MCPMolycorp Inc Com Stk	0.03%	468,605	$3M	trimmed−58%	−0.04 pp	3 q
unresolvedEquinix Inc	—	−4,475,789	—	exited	−8.37 pp	—
ISRGIntuitive Surgical Inc.	—	−421,862	—	exited	−1.62 pp	—
unresolvedSirius Xm Radio Inc	—	−40,563,060	—	exited	−1.60 pp	—
RHTRed Hat Inc	—	−3,223,508	—	exited	−1.51 pp	—
unresolvedMichael Kors Hldgs Ltd	—	−1,183,191	—	exited	−0.90 pp	—
unresolvedSprint Corporation	—	−5,369,546	—	exited	−0.34 pp	—
GRPNGroupon, Inc.	—	−2,166,491	—	exited	−0.25 pp	—
CTRPTrip.com Group Limited	—	−329,919	—	exited	−0.20 pp	—
AIGAmerican International Group, Inc.	—	−92,927	—	exited	−0.05 pp	—