Coatue

Q4 2015 13F · by Philippe Laffont, founder

As of: Dec 31, 2015
Filed: Feb 16, 2015
US stock: $10.1B · prev $8.9B
Positions: 56 · prev 56
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%

Moves58 since the prior filing

+19.7 pp in · −18.1 pp out

New 16 +4.82 pp
Added 9 +14.89 pp
Trimmed 17 −9.54 pp
Exited 16 −8.53 pp

The book

Focused · behaves like 21 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

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

Low
Moderate
High

Top 5 positions37% of US stock

Positions56 in this filing · 16 exited


GOOGAlphabet Inc. Class C	8.24%	1,096,895	$832M	added×7.4	+7.23 pp	7 q
MSFTMicrosoft Corp	7.33%	13,345,411	$740M	added+77%	+3.58 pp	7 q
NFLXNetFlix Inc	7.28%	6,429,120	$735M	added+8%	+0.37 pp	11 q
AAPLApple Inc.	7.10%	6,812,489	$717M	held	—	11 q
METAMeta Platforms, Inc. Class A	6.85%	6,611,186	$692M	trimmed−12%	−0.72 pp	10 q
JDJD.com, Inc.	6.24%	19,533,781	$630M	added+19%	+1.42 pp	5 q
AIYActivision Blizzard Inc	4.90%	12,781,165	$495M	added+44%	+1.82 pp	5 q
unresolvedCharter Comm's Inc	4.73%	2,609,723	$478M	trimmed−0%	−0.43 pp	11 q
EQIXEquinix, Inc.	4.60%	1,535,283	$464M	added+14%	+0.46 pp	4 q
AMZNAmazon.Com Inc	4.26%	637,270	$431M	trimmed−2%	+0.54 pp	11 q
ADBEAdobe Inc.	3.58%	3,852,913	$362M	trimmed−8%	−0.27 pp	3 q
EAElectronic Arts Inc	3.21%	4,716,597	$324M	added+1%	−0.33 pp	5 q
unresolvedAvago Technologies Ltd	2.87%	1,996,746	$290M	trimmed−54%	−3.22 pp	8 q
EXPEExpedia Group, Inc.	2.65%	2,149,945	$267M	trimmed−30%	−1.41 pp	3 q
ACTAllergan PLC	2.54%	822,133	$257M	trimmed−28%	−0.96 pp	3 q
AMTAmerican Tower Corporation	2.52%	2,627,869	$255M	trimmed−1%	−0.09 pp	11 q
TWXTime Warner Inc	1.99%	3,103,343	$201M	held	—	11 q
unresolvedCBS Corp	1.80%	3,867,977	$182M	held	—	11 q
LBTYALiberty Global Ltd. Class A	1.72%	4,099,033	$174M	trimmed−5%	−0.37 pp	11 q
unresolvedValeant Pharmaceuticals Intl	1.68%	1,673,007	$170M	new	+1.68 pp	new
HAINHain Celestial Group Inc	1.61%	4,037,633	$163M	trimmed−0%	−0.73 pp	11 q
LBTYKLiberty Global Ltd. Class C	1.60%	3,975,646	$162M	trimmed−1%	−0.26 pp	8 q
BIDUBaidu, Inc.	1.20%	641,723	$121M	held	—	11 q
AKAMAkamai Technologies Inc	1.15%	2,210,654	$116M	trimmed−12%	−0.81 pp	7 q
GOOGLAlphabet Inc. Class A	1.10%	142,812	$111M	new	+1.10 pp	new
ILMNIllumina Inc	0.92%	482,467	$93M	trimmed−1%	−0.04 pp	5 q
unresolvedLinkedin Corp Cl A	0.64%	284,982	$64M	trimmed−28%	−0.21 pp	11 q
IBMInternational Business Machines Corporation	0.60%	440,097	$61M	held	—	3 q
AMBAAmbarella, Inc.	0.49%	890,264	$50M	added+50%	+0.10 pp	4 q
GPROGoPro, Inc.	0.47%	2,615,247	$47M	new	+0.47 pp	new
SSYSStratasys Inc (ISRAEL)	0.46%	1,970,794	$46M	trimmed−18%	−0.25 pp	3 q
FITFitbit, Inc. Class A	0.44%	1,516,378	$45M	new	+0.44 pp	new
SIRISirius XM Holdings, Inc	0.44%	10,894,067	$44M	held	—	9 q
BOXBox, Inc.	0.42%	3,022,049	$42M	held	—	4 q
WWayfair Inc.	0.32%	672,071	$32M	added×3.4	+0.24 pp	2 q
DDD3D Systems Corporation	0.25%	2,939,852	$26M	trimmed−28%	−0.28 pp	7 q
ETEnergy Transfer LP	0.22%	1,581,196	$22M	new	+0.22 pp	new
WMBWilliams Companies Inc.	0.17%	661,348	$17M	new	+0.17 pp	new
FEYEFireEye, Inc.	0.15%	732,522	$15M	new	+0.15 pp	new
FCXFreeport-McMoran Inc.	0.15%	2,298,992	$16M	new	+0.15 pp	new
SLCAU.s. Silica Holdings, Inc.	0.15%	828,810	$16M	held	—	5 q
unresolvedVasco Data Sec Intl Inc	0.15%	906,510	$15M	held	—	2 q
EXKExact Sciences Corp	0.10%	1,130,676	$10M	new	+0.10 pp	new
CRRCarbo Ceramics Inc.	0.08%	498,964	$9M	held	—	5 q
CMCMCheetah Mobile Inc.	0.08%	484,601	$8M	new	+0.08 pp	new
CACCCredit Acceptance Corp	0.08%	36,911	$8M	new	+0.08 pp	new
unresolvedTime Warner Cable Inc	0.07%	38,952	$7M	held	—	3 q
ATMLAtmel Corp	0.06%	664,000	$6M	held	—	11 q
SHAKShake Shack Inc.	0.06%	153,138	$6M	new	+0.06 pp	new
unresolvedSupervalu Inc	0.06%	857,511	$6M	trimmed−23%	−0.03 pp	11 q
MUMicron Technology, Inc.	0.05%	359,888	$5M	held	—	8 q
unresolvedCliffs Nat Res Inc	0.04%	2,373,591	$4M	held	—	2 q
LN5Lannett Co Inc	0.04%	104,541	$4M	new	+0.04 pp	new
ETSYEtsy, Inc.	0.03%	331,730	$3M	new	+0.03 pp	new
unresolvedPeabody Energy Corp	0.03%	355,352	$3M	new	+0.03 pp	new
PEverpure, Inc.	0.02%	148,157	$2M	new	+0.02 pp	new
KHCThe Kraft Heinz Company	—	−1,878,656	—	exited	−1.49 pp	—
unresolvedBroadcom Corp	—	−1,810,747	—	exited	−1.05 pp	—
unresolvedGoogle Inc.	—	−141,753	—	exited	−1.02 pp	—
WBAWalgreens Boots Alliance, Inc	—	−1,004,123	—	exited	−0.94 pp	—
ZZillow Group, Inc. Class C	—	−2,657,845	—	exited	−0.81 pp	—
ADSKAutodesk Inc	—	−1,391,898	—	exited	−0.69 pp	—
VIPSVipshop Holdings Limited	—	−2,760,928	—	exited	−0.52 pp	—
GMEGameStop Corp. Class A	—	−959,830	—	exited	−0.44 pp	—
ZGZillow Group Inc Class A	—	−1,328,922	—	exited	−0.43 pp	—
GBXThe Greenbrier Companies, Inc.	—	−1,000,763	—	exited	−0.36 pp	—
unresolvedKing Digital Entmt PLC	—	−2,201,857	—	exited	−0.33 pp	—
unresolvedNutri Sys Inc New	—	−634,885	—	exited	−0.19 pp	—
unresolvedInvensense Inc	—	−1,154,489	—	exited	−0.12 pp	—
unresolvedJoy Global Inc	—	−400,000	—	exited	−0.07 pp	—
unresolvedSeadrill	—	−972,938	—	exited	−0.06 pp	—
TRIPTripAdvisor, Inc.	—	−10,977	—	exited	−0.01 pp	—