Coatue

Q3 2014 13F · by Philippe Laffont, founder

As of: Sep 30, 2014
Filed: Nov 13, 2014
US stock: $9.8B · prev $8.0B
Positions: 49 · prev 44
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%

Moves44 since the prior filing

+20.3 pp in · −19.3 pp out

New 11 +5.54 pp
Added 13 +14.75 pp
Trimmed 14 −16.03 pp
Exited 6 −3.25 pp

The book

Concentrated · behaves like 18 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 33% a year, about 3.0 years per position

Low
Moderate
High

Top 5 positions43% of US stock

AAPL Apple Inc. added−0.78 pp added−0.7810.9%
NFLX NetFlix Inc trimmed−1.82 pp trimmed−1.829.6%
BIDU Baidu, Inc. added+4.90 pp added+4.908.2%
unresolved Linkedin Corp Cl A added+6.22 pp added+6.227.4%
unresolved Avago Technologies Ltd added+0.58 pp added+0.587.1%

Positions49 in this filing · 6 exited


AAPLApple Inc.	10.90%	10,573,070	$1.1B	added+5%	−0.78 pp	6 q
NFLXNetFlix Inc	9.61%	2,081,181	$939M	trimmed−0%	−1.82 pp	6 q
BIDUBaidu, Inc.	8.19%	3,668,941	$801M	added×2.6	+4.90 pp	6 q
unresolvedLinkedin Corp Cl A	7.36%	3,461,411	$719M	added×6.5	+6.22 pp	6 q
unresolvedAvago Technologies Ltd	7.10%	7,981,043	$694M	added+10%	+0.58 pp	3 q
METAMeta Platforms, Inc. Class A	5.79%	7,164,439	$566M	added+22%	+0.87 pp	5 q
MUMicron Technology, Inc.	5.48%	15,636,060	$536M	trimmed−3%	−1.16 pp	3 q
ADBEAdobe Inc.	3.55%	5,010,378	$347M	trimmed−5%	−1.21 pp	3 q
EBAYeBay Inc	3.37%	5,820,987	$330M	added×8.7	+2.95 pp	2 q
TWXTime Warner Inc	3.28%	4,259,398	$320M	trimmed−19%	−1.32 pp	6 q
unresolvedCBS Corp	3.16%	5,767,785	$309M	trimmed−2%	−1.39 pp	6 q
unresolvedTwenty First Centy Fox Inc	2.65%	7,546,513	$259M	trimmed−3%	−0.74 pp	5 q
unresolvedCharter Comm's Inc	2.60%	1,676,236	$254M	trimmed−39%	−2.78 pp	6 q
HAINHain Celestial Group Inc	2.49%	2,381,544	$244M	added+6%	0.00 pp	6 q
AMATApplied Materials Inc	2.32%	10,475,154	$226M	added+21%	−0.11 pp	2 q
LBTYALiberty Global Ltd. Class A	2.02%	4,645,179	$198M	trimmed−27%	−1.49 pp	6 q
AKAMAkamai Technologies Inc	1.99%	3,258,282	$195M	trimmed−4%	−0.58 pp	2 q
LBTYKLiberty Global Ltd. Class C	1.76%	4,203,454	$172M	trimmed−32%	−1.48 pp	3 q
unresolvedPriceline Grp Inc	1.55%	130,956	$152M	trimmed−1%	−0.44 pp	6 q
AMTAmerican Tower Corporation	1.47%	1,533,348	$144M	trimmed−20%	−0.69 pp	6 q
unresolvedLevel 3 Communications Inc	1.46%	3,122,406	$143M	new	+1.46 pp	new
BABAAlibaba Group Holding Limited	1.32%	1,450,000	$129M	new	+1.32 pp	new
unresolvedSolarCity Corp	1.11%	1,813,713	$108M	added+29%	−0.13 pp	2 q
MSFTMicrosoft Corp	1.03%	2,171,009	$101M	added+11%	+0.02 pp	2 q
unresolvedZillow	1.01%	852,754	$99M	new	+1.01 pp	new
AMZNAmazon.Com Inc	0.85%	258,027	$83M	held	—	6 q
YYJOYY Inc.	0.83%	1,089,522	$82M	trimmed−27%	−0.58 pp	3 q
DDD3D Systems Corporation	0.72%	1,510,548	$70M	added+67%	+0.05 pp	2 q
unresolvedGoogle Inc.	0.63%	105,287	$62M	held	—	6 q
FNSRFinisar Corp	0.62%	3,654,526	$61M	held	—	2 q
GOOGAlphabet Inc. Class C	0.61%	102,674	$59M	held	—	2 q
VIPSVipshop Holdings Limited	0.61%	316,358	$60M	new	+0.61 pp	new
SIRISirius XM Holdings, Inc	0.40%	11,243,022	$39M	held	—	4 q
unresolvedEquinix Inc	0.37%	169,500	$36M	new	+0.37 pp	new
NOKNokia Corporation	0.33%	3,773,270	$32M	new	+0.33 pp	new
SUNEQSunedison Inc	0.29%	1,500,883	$28M	added×3.5	+0.17 pp	2 q
GPROGoPro, Inc.	0.23%	239,050	$22M	new	+0.23 pp	new
unresolvedJoy Global Inc	0.22%	400,000	$22M	held	—	6 q
WUBA58.COM Inc	0.11%	293,751	$11M	added×2.1	+0.01 pp	2 q
unresolvedGt Advanced Technologies Inc	0.11%	994,027	$11M	new	+0.11 pp	new
unresolvedNutri Sys Inc New	0.10%	634,885	$10M	held	—	6 q
unresolvedSupervalu Inc	0.10%	1,051,300	$9M	held	—	6 q
NUANNuance Communications, Inc.	0.07%	465,000	$7M	held	—	6 q
MLNXMellanox Technologies Ltd	0.06%	128,742	$6M	trimmed−86%	−0.35 pp	2 q
ATMLAtmel Corp	0.05%	664,000	$5M	held	—	6 q
unresolvedKing Digital Entmt PLC	0.04%	325,160	$4M	new	+0.04 pp	new
unresolvedCoupons.com, Inc.	0.03%	219,109	$3M	new	+0.03 pp	new
JMEINJumei International-adr	0.03%	125,000	$3M	new	+0.03 pp	new
MCPMolycorp Inc Com Stk	0.01%	1,114,900	$1M	held	—	6 q
CRMSalesforce, Inc.	—	−3,647,826	—	exited	−2.64 pp	—
VNETVNET Group, Inc.	—	−661,338	—	exited	−0.25 pp	—
LULUlululemon athletica inc.	—	−386,923	—	exited	−0.20 pp	—
unresolvedKeurig Green Mtn Inc	—	−71,363	—	exited	−0.11 pp	—
TRUETrueCar, Inc.	—	−257,110	—	exited	−0.05 pp	—
unresolvedNii Hldgs Inc	—	−718,233	—	exited	0.00 pp	—