Coatue

Q2 2016 13F · by Philippe Laffont, founder

As of: Jun 30, 2016
Filed: Aug 12, 2016
US stock: $7.0B · prev $8.0B
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%

Moves55 since the prior filing

+16.3 pp in · −17.0 pp out

New 10 +10.90 pp
Added 13 +5.38 pp
Trimmed 22 −10.04 pp
Exited 10 −7.00 pp

The book

Focused · behaves like 22 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 64% a year, about 1.6 years per position

Low
Moderate
High

Top 5 positions35% of US stock

AIY Activision Blizzard Inc trimmed+1.74 pp trimmed+1.747.8%
LBRDK Liberty Broadband Corporation Class C new+7.60 pp new+7.607.6%
META Meta Platforms, Inc. Class A trimmed−1.18 pp trimmed−1.186.9%
NFLX NetFlix Inc trimmed−0.70 pp trimmed−0.706.5%
JD JD.com, Inc. trimmed−1.10 pp trimmed−1.106.0%

Positions56 in this filing · 10 exited


AIYActivision Blizzard Inc	7.85%	13,891,397	$551M	trimmed−4%	+1.74 pp	7 q
LBRDKLiberty Broadband Corporation Class C	7.60%	8,892,050	$534M	new	+7.60 pp	new
METAMeta Platforms, Inc. Class A	6.89%	4,228,886	$483M	trimmed−25%	−1.18 pp	12 q
NFLXNetFlix Inc	6.47%	4,960,855	$454M	trimmed−12%	−0.70 pp	13 q
JDJD.com, Inc.	5.96%	19,695,976	$418M	trimmed−8%	−1.10 pp	7 q
GOOGAlphabet Inc. Class C	5.20%	527,235	$365M	trimmed−28%	−1.60 pp	9 q
EQIXEquinix, Inc.	5.12%	926,191	$359M	trimmed−28%	−0.21 pp	6 q
EAElectronic Arts Inc	5.11%	4,728,849	$358M	trimmed−20%	+0.25 pp	7 q
PYPLPayPal Holdings, Inc.	4.67%	8,983,256	$328M	added×2.1	+2.58 pp	2 q
unresolvedBroadcom Ltd	4.58%	2,067,606	$321M	trimmed−7%	+0.31 pp	2 q
MSFTMicrosoft Corp	3.57%	4,888,413	$250M	trimmed−55%	−3.85 pp	9 q
AMZNAmazon.Com Inc	3.14%	308,134	$221M	trimmed−46%	−1.06 pp	13 q
AMTAmerican Tower Corporation	3.10%	1,914,143	$217M	trimmed−20%	+0.06 pp	13 q
EXPEExpedia Group, Inc.	3.08%	2,034,943	$216M	added+33%	+1.02 pp	5 q
AKAMAkamai Technologies Inc	2.67%	3,354,436	$188M	added+14%	+0.62 pp	9 q
LBTYKLiberty Global Ltd. Class C	2.67%	6,543,214	$187M	added+33%	+0.36 pp	10 q
LBTYALiberty Global Ltd. Class A	2.64%	6,385,880	$186M	added+26%	+0.20 pp	13 q
ADBEAdobe Inc.	2.32%	1,697,014	$163M	trimmed−55%	−2.13 pp	5 q
GOOGLAlphabet Inc. Class A	1.57%	156,575	$110M	trimmed−4%	+0.01 pp	3 q
FFIVF5, Inc.	1.53%	943,848	$107M	held	—	2 q
ILMNIllumina Inc	1.15%	572,623	$80M	added+18%	+0.17 pp	7 q
CMGChipotle Mexican Grill, Inc.	1.01%	176,197	$71M	added0%	−0.02 pp	2 q
SPLKSplunk Inc	0.99%	1,276,686	$69M	trimmed−42%	−0.36 pp	2 q
AMBAAmbarella, Inc.	0.75%	1,035,158	$53M	trimmed−21%	+0.02 pp	6 q
unresolvedMobileye Nv	0.75%	1,145,519	$53M	held	—	2 q
HAINHain Celestial Group Inc	0.73%	1,036,477	$52M	added0%	+0.20 pp	13 q
TREELendingTree, Inc.	0.72%	570,566	$50M	new	+0.72 pp	new
SYMCGen Digital Inc.	0.63%	2,153,429	$44M	new	+0.63 pp	new
LN5Lannett Co Inc	0.61%	1,805,431	$43M	held	—	3 q
BOXBox, Inc.	0.60%	4,058,589	$42M	added+6%	+0.02 pp	6 q
WWayfair Inc.	0.55%	992,320	$39M	trimmed−9%	−0.04 pp	4 q
FITFitbit, Inc. Class A	0.44%	2,501,722	$31M	added+85%	+0.18 pp	3 q
CACCCredit Acceptance Corp	0.41%	156,355	$29M	trimmed−3%	+0.04 pp	3 q
DATATableau Software, Inc.	0.40%	571,140	$28M	trimmed−45%	−0.20 pp	2 q
1LGEUSDLiberty Global PLC Lilac - C	0.38%	816,378	$27M	new	+0.38 pp	new
99998USDLiberty Global PLC Lilac - A	0.37%	796,751	$26M	new	+0.37 pp	new
unresolvedImperva Inc	0.34%	547,353	$24M	held	—	2 q
TWLOTwilio Inc.	0.33%	625,000	$23M	new	+0.33 pp	new
unresolvedOuterwall Inc	0.28%	466,302	$20M	held	—	2 q
CALMCal-Maine Foods Inc	0.26%	411,841	$18M	added+9%	+0.02 pp	2 q
unresolvedCBS Corp	0.23%	290,100	$16M	new	+0.23 pp	new
FEYEFireEye, Inc.	0.23%	974,099	$16M	held	—	3 q
unresolvedLinkedin Corp Cl A	0.23%	83,702	$16M	new	+0.23 pp	new
SYNASynaptics Inc	0.23%	299,592	$16M	new	+0.23 pp	new
unresolvedMattress Firm Hldg Corp	0.22%	464,694	$16M	added+12%	0.00 pp	2 q
unresolvedJoy Global Inc	0.21%	685,301	$14M	trimmed−13%	+0.05 pp	2 q
MTCHMatch Group, Inc	0.18%	823,168	$12M	new	+0.18 pp	new
unresolvedCliffs Nat Res Inc	0.17%	2,055,265	$12M	trimmed−13%	+0.08 pp	4 q
unresolvedSolarCity Corp	0.16%	455,377	$11M	held	—	2 q
unresolvedNutri Sys Inc New	0.15%	421,389	$11M	trimmed−36%	−0.02 pp	2 q
CMCMCheetah Mobile Inc.	0.13%	957,163	$9M	added+98%	+0.03 pp	3 q
WTWWillis Towers Watson Public Limited Company	0.13%	776,653	$9M	held	—	2 q
SHAKShake Shack Inc.	0.12%	233,231	$8M	held	—	3 q
unresolvedSeadrill	0.10%	2,242,534	$7M	held	—	2 q
XYZBlock, Inc.	0.08%	618,433	$6M	trimmed−48%	−0.15 pp	2 q
PEverpure, Inc.	0.02%	148,157	$2M	held	—	3 q
unresolvedCharter Comm's Inc	—	−1,869,375	—	exited	−4.72 pp	—
unresolvedHertz Global Holdings Inc	—	−5,179,157	—	exited	−0.68 pp	—
CARAvis Budget Group, Inc.	—	−1,822,894	—	exited	−0.62 pp	—
unresolvedQihoo 360 Technology Co. ADR	—	−292,700	—	exited	−0.28 pp	—
DDD3D Systems Corporation	—	−1,118,911	—	exited	−0.22 pp	—
BRFSNBrf Sa-adr	—	−916,318	—	exited	−0.16 pp	—
SSYSStratasys Inc (ISRAEL)	—	−425,563	—	exited	−0.14 pp	—
XUnited States Steel Corp	—	−519,732	—	exited	−0.10 pp	—
CTRPTrip.com Group Limited	—	−136,583	—	exited	−0.08 pp	—
GPROGoPro, Inc.	—	−15,145	—	exited	0.00 pp	—