Coatue

Q4 2014 13F · by Philippe Laffont, founder

As of: Dec 31, 2014
Filed: Feb 13, 2015
US stock: $10.6B · prev $9.8B
Positions: 53 · prev 49
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%

Moves55 since the prior filing

+20.9 pp in · −20.2 pp out

New 16 +10.47 pp
Added 9 +10.44 pp
Trimmed 18 −12.37 pp
Exited 12 −7.87 pp

The book

Focused · behaves like 21 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 67% a year, about 1.5 years per position

Low
Moderate
High

Top 5 positions37% of US stock

AAPL Apple Inc. trimmed−1.60 pp trimmed−1.609.3%
unresolved Avago Technologies Ltd added+1.03 pp added+1.038.1%
unresolved Linkedin Corp Cl A trimmed+0.07 pp trimmed+0.077.4%
BIDU Baidu, Inc. trimmed−1.82 pp trimmed−1.826.4%
NFLX NetFlix Inc trimmed−3.80 pp trimmed−3.805.8%

Positions53 in this filing · 12 exited


AAPLApple Inc.	9.30%	8,893,291	$982M	trimmed−16%	−1.60 pp	7 q
unresolvedAvago Technologies Ltd	8.13%	8,527,609	$858M	added+7%	+1.03 pp	4 q
unresolvedLinkedin Corp Cl A	7.43%	3,411,638	$784M	trimmed−1%	+0.07 pp	7 q
BIDUBaidu, Inc.	6.37%	2,950,779	$673M	trimmed−20%	−1.82 pp	7 q
NFLXNetFlix Inc	5.81%	1,793,766	$613M	trimmed−14%	−3.80 pp	7 q
MSFTMicrosoft Corp	5.38%	12,229,085	$568M	added×5.6	+4.35 pp	3 q
METAMeta Platforms, Inc. Class A	5.30%	7,175,621	$560M	added0%	−0.49 pp	6 q
MUMicron Technology, Inc.	5.16%	15,561,926	$545M	trimmed−0%	−0.32 pp	4 q
unresolvedCharter Comm's Inc	3.88%	2,455,911	$409M	added+47%	+1.28 pp	7 q
AMTAmerican Tower Corporation	3.85%	4,111,291	$406M	added×2.7	+2.38 pp	7 q
unresolvedCBS Corp	2.83%	5,394,314	$299M	trimmed−6%	−0.33 pp	7 q
AKAMAkamai Technologies Inc	2.81%	4,713,956	$297M	added+45%	+0.82 pp	3 q
TWXTime Warner Inc	2.71%	3,352,820	$286M	trimmed−21%	−0.57 pp	7 q
HAINHain Celestial Group Inc	2.59%	4,687,736	$273M	trimmed−2%	+0.10 pp	7 q
LBTYKLiberty Global Ltd. Class C	2.59%	5,656,211	$273M	added+35%	+0.83 pp	4 q
unresolvedTwenty First Centy Fox Inc	2.50%	6,865,992	$264M	trimmed−9%	−0.15 pp	6 q
unresolvedActavis PLC	2.35%	964,155	$248M	new	+2.35 pp	new
AMATApplied Materials Inc	2.06%	8,721,797	$217M	trimmed−17%	−0.26 pp	3 q
LBTYALiberty Global Ltd. Class A	2.04%	4,289,075	$215M	trimmed−8%	+0.02 pp	7 q
JDJD.com, Inc.	1.88%	8,590,490	$199M	new	+1.88 pp	new
EAElectronic Arts Inc	1.65%	3,708,790	$174M	new	+1.65 pp	new
BABAAlibaba Group Holding Limited	1.49%	1,517,703	$158M	added+5%	+0.17 pp	2 q
unresolvedPriceline Grp Inc	1.41%	130,956	$149M	held	—	7 q
VVISA Inc.	0.84%	339,010	$89M	new	+0.84 pp	new
MAMastercard Incorporated	0.83%	1,013,903	$87M	new	+0.83 pp	new
AIYActivision Blizzard Inc	0.80%	4,166,653	$84M	new	+0.80 pp	new
AMZNAmazon.Com Inc	0.76%	258,027	$80M	held	—	7 q
unresolvedZillow	0.72%	713,191	$76M	trimmed−16%	−0.29 pp	2 q
FNSRFinisar Corp	0.67%	3,653,252	$71M	trimmed−0%	+0.05 pp	3 q
YYJOYY Inc.	0.64%	1,089,522	$68M	held	—	4 q
ADBEAdobe Inc.	0.63%	921,719	$67M	trimmed−82%	−2.92 pp	4 q
FNFFidelity National Financial, Inc.	0.60%	1,835,033	$63M	new	+0.60 pp	new
unresolvedGoogle Inc.	0.53%	105,287	$56M	held	—	7 q
GOOGAlphabet Inc. Class C	0.51%	102,674	$54M	held	—	3 q
LCHappen, Inc.	0.45%	1,878,436	$48M	new	+0.45 pp	new
SIRISirius XM Holdings, Inc	0.37%	11,243,022	$39M	held	—	5 q
DDD3D Systems Corporation	0.33%	1,044,610	$34M	trimmed−31%	−0.39 pp	3 q
TRNTrinity Industries, Inc.	0.26%	976,088	$27M	new	+0.26 pp	new
SLCAU.s. Silica Holdings, Inc.	0.20%	828,810	$21M	new	+0.20 pp	new
CRRCarbo Ceramics Inc.	0.19%	506,901	$20M	new	+0.19 pp	new
ILMNIllumina Inc	0.19%	109,941	$20M	new	+0.19 pp	new
unresolvedJoy Global Inc	0.18%	400,000	$19M	held	—	7 q
GPROGoPro, Inc.	0.14%	236,094	$15M	trimmed−1%	−0.09 pp	2 q
unresolvedKing Digital Entmt PLC	0.11%	739,610	$11M	added×2.3	+0.07 pp	2 q
unresolvedSeadrill	0.11%	972,938	$12M	new	+0.11 pp	new
unresolvedSupervalu Inc	0.10%	1,051,300	$10M	held	—	7 q
unresolvedNutri Sys Inc New	0.09%	479,848	$9M	trimmed−24%	−0.01 pp	7 q
MOMOHello Group Inc.	0.06%	555,000	$7M	new	+0.06 pp	new
ATMLAtmel Corp	0.05%	664,000	$6M	held	—	7 q
unresolvedCoupons.com, Inc.	0.04%	219,109	$4M	held	—	2 q
unresolvedMobileye Nv	0.04%	113,747	$5M	new	+0.04 pp	new
unresolvedKeurig Green Mtn Inc	0.02%	15,850	$2M	new	+0.02 pp	new
MLNXMellanox Technologies Ltd	0.00%	6,628	$283,000	trimmed−95%	−0.06 pp	3 q
EBAYeBay Inc	—	−5,820,987	—	exited	−3.37 pp	—
unresolvedLevel 3 Communications Inc	—	−3,122,406	—	exited	−1.46 pp	—
unresolvedSolarCity Corp	—	−1,813,713	—	exited	−1.11 pp	—
VIPSVipshop Holdings Limited	—	−3,163,580	—	exited	−0.61 pp	—
unresolvedEquinix Inc	—	−169,500	—	exited	−0.37 pp	—
NOKNokia Corporation	—	−3,773,270	—	exited	−0.33 pp	—
SUNEQSunedison Inc	—	−1,500,883	—	exited	−0.29 pp	—
WUBA58.COM Inc	—	−293,751	—	exited	−0.11 pp	—
unresolvedGt Advanced Technologies Inc	—	−994,027	—	exited	−0.11 pp	—
NUANNuance Communications, Inc.	—	−465,000	—	exited	−0.07 pp	—
JMEINJumei International-adr	—	−125,000	—	exited	−0.03 pp	—
MCPMolycorp Inc Com Stk	—	−1,114,900	—	exited	−0.01 pp	—