Coatue

Q3 2015 13F · by Philippe Laffont, founder

As of: Sep 30, 2015
Filed: Nov 13, 2015
US stock: $8.9B · prev $10.0B
Positions: 56 · prev 63
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%

Moves53 since the prior filing

+17.3 pp in · −15.9 pp out

New 6 +3.31 pp
Added 15 +14.00 pp
Trimmed 19 −7.87 pp
Exited 13 −8.07 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 63% a year, about 1.6 years per position

Low
Moderate
High

Top 5 positions34% of US stock

AAPL Apple Inc. trimmed−2.25 pp trimmed−2.258.4%
META Meta Platforms, Inc. Class A trimmed+0.10 pp trimmed+0.107.6%
NFLX NetFlix Inc added+5.03 pp added+5.036.9%
unresolved Avago Technologies Ltd trimmed+0.08 pp trimmed+0.086.1%
unresolved Charter Comm's Inc trimmed+0.65 pp trimmed+0.655.2%

Positions56 in this filing · 13 exited


AAPLApple Inc.	8.43%	6,812,489	$751M	trimmed−20%	−2.25 pp	10 q
METAMeta Platforms, Inc. Class A	7.57%	7,504,314	$675M	trimmed−14%	+0.10 pp	9 q
NFLXNetFlix Inc	6.91%	5,959,960	$615M	added×3.0	+5.03 pp	10 q
unresolvedAvago Technologies Ltd	6.09%	4,338,338	$542M	trimmed−4%	+0.08 pp	7 q
unresolvedCharter Comm's Inc	5.16%	2,615,023	$460M	trimmed−1%	+0.65 pp	10 q
JDJD.com, Inc.	4.82%	16,467,357	$429M	added+11%	−0.24 pp	4 q
EQIXEquinix, Inc.	4.14%	1,350,670	$369M	added+1%	+0.75 pp	3 q
EXPEExpedia Group, Inc.	4.06%	3,074,660	$362M	added×2.0	+2.42 pp	2 q
ADBEAdobe Inc.	3.85%	4,175,553	$343M	added×2.2	+2.31 pp	2 q
MSFTMicrosoft Corp	3.75%	7,551,189	$334M	trimmed−11%	+0.02 pp	6 q
AMZNAmazon.Com Inc	3.72%	647,770	$332M	trimmed−15%	+0.43 pp	10 q
EAElectronic Arts Inc	3.54%	4,655,623	$315M	trimmed−19%	−0.27 pp	4 q
ACTAllergan PLC	3.50%	1,147,785	$312M	added+95%	+1.72 pp	2 q
AIYActivision Blizzard Inc	3.08%	8,871,189	$274M	added+38%	+1.53 pp	4 q
AMTAmerican Tower Corporation	2.61%	2,642,113	$232M	added+1%	+0.17 pp	10 q
TWXTime Warner Inc	2.39%	3,103,343	$213M	held	—	10 q
HAINHain Celestial Group Inc	2.34%	4,048,833	$209M	added0%	−0.31 pp	10 q
LBTYALiberty Global Ltd. Class A	2.09%	4,329,307	$186M	added0%	−0.24 pp	10 q
AKAMAkamai Technologies Inc	1.96%	2,523,637	$174M	trimmed−25%	−0.38 pp	6 q
LBTYKLiberty Global Ltd. Class C	1.86%	4,030,046	$165M	trimmed−6%	−0.31 pp	7 q
unresolvedCBS Corp	1.73%	3,867,977	$154M	held	—	10 q
KHCThe Kraft Heinz Company	1.49%	1,878,656	$133M	new	+1.49 pp	new
unresolvedBroadcom Corp	1.05%	1,810,747	$93M	trimmed−61%	−1.31 pp	2 q
unresolvedGoogle Inc.	1.02%	141,753	$90M	trimmed−0%	+0.25 pp	10 q
GOOGAlphabet Inc. Class C	1.01%	148,209	$90M	added+1%	+0.25 pp	6 q
BIDUBaidu, Inc.	0.99%	641,723	$88M	trimmed−18%	−0.56 pp	10 q
ILMNIllumina Inc	0.96%	484,984	$85M	trimmed−26%	−0.47 pp	4 q
WBAWalgreens Boots Alliance, Inc	0.94%	1,004,123	$83M	added+1%	+0.10 pp	2 q
unresolvedLinkedin Corp Cl A	0.85%	398,297	$76M	trimmed−46%	−0.66 pp	10 q
ZZillow Group, Inc. Class C	0.81%	2,657,845	$72M	new	+0.81 pp	new
IBMInternational Business Machines Corporation	0.72%	440,097	$64M	held	—	2 q
SSYSStratasys Inc (ISRAEL)	0.71%	2,396,357	$63M	held	—	2 q
ADSKAutodesk Inc	0.69%	1,391,898	$61M	new	+0.69 pp	new
DDD3D Systems Corporation	0.53%	4,058,763	$47M	held	—	6 q
VIPSVipshop Holdings Limited	0.52%	2,760,928	$46M	trimmed−50%	−0.70 pp	2 q
SIRISirius XM Holdings, Inc	0.46%	10,894,067	$41M	held	—	8 q
GMEGameStop Corp. Class A	0.44%	959,830	$40M	held	—	2 q
BOXBox, Inc.	0.43%	3,022,049	$38M	added×2.4	+0.20 pp	3 q
ZGZillow Group Inc Class A	0.43%	1,328,922	$38M	trimmed−67%	−0.72 pp	3 q
AMBAAmbarella, Inc.	0.39%	594,193	$34M	trimmed−41%	−0.64 pp	3 q
GBXThe Greenbrier Companies, Inc.	0.36%	1,000,763	$32M	added×2.5	+0.17 pp	2 q
unresolvedKing Digital Entmt PLC	0.33%	2,201,857	$30M	added+67%	+0.14 pp	5 q
unresolvedNutri Sys Inc New	0.19%	634,885	$17M	held	—	10 q
unresolvedVasco Data Sec Intl Inc	0.17%	906,510	$15M	new	+0.17 pp	new
SLCAU.s. Silica Holdings, Inc.	0.13%	828,810	$12M	held	—	4 q
unresolvedInvensense Inc	0.12%	1,154,489	$11M	held	—	3 q
CRRCarbo Ceramics Inc.	0.11%	498,964	$9M	held	—	4 q
unresolvedSupervalu Inc	0.09%	1,108,569	$8M	held	—	10 q
unresolvedTime Warner Cable Inc	0.08%	38,952	$7M	trimmed−93%	−0.92 pp	2 q
WWayfair Inc.	0.08%	200,000	$7M	new	+0.08 pp	new
unresolvedCliffs Nat Res Inc	0.07%	2,373,591	$6M	new	+0.07 pp	new
unresolvedJoy Global Inc	0.07%	400,000	$6M	held	—	10 q
ATMLAtmel Corp	0.06%	664,000	$5M	held	—	10 q
MUMicron Technology, Inc.	0.06%	359,888	$5M	held	—	7 q
unresolvedSeadrill	0.06%	972,938	$6M	held	—	4 q
TRIPTripAdvisor, Inc.	0.01%	10,977	$692,000	trimmed−96%	−0.21 pp	2 q
TMUST-Mobile US, Inc.	—	−4,261,059	—	exited	−1.65 pp	—
unresolvedKraft Foods Group Inc	—	−1,870,850	—	exited	−1.59 pp	—
BABAAlibaba Group Holding Limited	—	−1,395,613	—	exited	−1.14 pp	—
EBAYeBay Inc	—	−1,464,098	—	exited	−0.88 pp	—
unresolvedGeneral Electric Co	—	−3,095,940	—	exited	−0.82 pp	—
ATHMAutohome Inc.	—	−783,503	—	exited	−0.39 pp	—
CRMSalesforce, Inc.	—	−557,922	—	exited	−0.39 pp	—
YELPYelp Inc.	—	−825,952	—	exited	−0.35 pp	—
2663134DBitauto Holdings Ltd-adr	—	−663,737	—	exited	−0.34 pp	—
WUBA58.COM Inc	—	−531,149	—	exited	−0.34 pp	—
MOMOHello Group Inc.	—	−538,838	—	exited	−0.09 pp	—
CMCMCheetah Mobile Inc.	—	−185,600	—	exited	−0.05 pp	—
JMEINJumei International-adr	—	−174,229	—	exited	−0.04 pp	—