Coatue

Q4 2016 13F · by Philippe Laffont, founder

As of: Dec 31, 2016
Filed: Feb 13, 2017
US stock: $8.4B · prev $8.2B
Positions: 56 · prev 50
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%

Moves45 since the prior filing

+17.8 pp in · −17.6 pp out

New 10 +13.88 pp
Added 13 +3.96 pp
Trimmed 18 −14.42 pp
Exited 4 −3.16 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 58% a year, about 1.7 years per position

Low
Moderate
High

Top 5 positions32% of US stock

META Meta Platforms, Inc. Class A trimmed−1.59 pp trimmed−1.598.3%
LBRDK Liberty Broadband Corporation Class C held held7.6%
NVDA Nvidia Corp added+3.76 pp added+3.765.4%
GOOG Alphabet Inc. Class C trimmed−0.43 pp trimmed−0.435.2%
AIY Activision Blizzard Inc added−1.28 pp added−1.285.0%

Positions56 in this filing · 4 exited


METAMeta Platforms, Inc. Class A	8.30%	6,086,200	$700M	trimmed−3%	−1.59 pp	14 q
LBRDKLiberty Broadband Corporation Class C	7.59%	8,648,889	$641M	held	—	3 q
NVDANvidia Corp	5.44%	4,303,989	$459M	added×2.2	+3.76 pp	2 q
GOOGAlphabet Inc. Class C	5.15%	562,797	$434M	trimmed−4%	−0.43 pp	11 q
AIYActivision Blizzard Inc	5.02%	11,736,204	$424M	added+1%	−1.28 pp	9 q
BABAAlibaba Group Holding Limited	4.43%	4,259,322	$374M	added+53%	+0.82 pp	2 q
AAPLApple Inc.	4.38%	3,194,180	$370M	trimmed−51%	−4.63 pp	2 q
NFLXNetFlix Inc	4.31%	2,939,789	$364M	trimmed−38%	−1.43 pp	15 q
unresolvedBroadcom Ltd	4.15%	1,982,950	$351M	added+2%	+0.04 pp	4 q
EAElectronic Arts Inc	4.06%	4,348,918	$343M	trimmed−6%	−0.78 pp	9 q
BACBank of America Corporation	3.84%	14,682,934	$324M	new	+3.84 pp	new
JDJD.com, Inc.	3.83%	12,700,181	$323M	added+5%	−0.04 pp	9 q
EQIXEquinix, Inc.	3.78%	891,795	$319M	added0%	−0.16 pp	8 q
XLFState Street Financial Select Sector SPDR ETF	3.65%	13,257,244	$308M	new	+3.65 pp	new
TWXTime Warner Inc	3.25%	2,839,859	$274M	trimmed−4%	+0.37 pp	2 q
AMZNAmazon.Com Inc	2.43%	273,298	$205M	trimmed−8%	−0.62 pp	15 q
PYPLPayPal Holdings, Inc.	2.43%	5,204,285	$205M	trimmed−16%	−0.68 pp	4 q
LBTYKLiberty Global Ltd. Class C	2.17%	6,156,759	$183M	trimmed−20%	−0.95 pp	12 q
LBTYALiberty Global Ltd. Class A	2.08%	5,742,150	$176M	trimmed−23%	−1.04 pp	15 q
JPMJPMorgan Chase & Co.	1.92%	1,877,494	$162M	new	+1.92 pp	new
DISThe Walt Disney Company	1.80%	1,457,400	$152M	new	+1.80 pp	new
AMTAmerican Tower Corporation	1.64%	1,309,632	$138M	trimmed−17%	−0.55 pp	15 q
GOOGLAlphabet Inc. Class A	1.59%	168,893	$134M	added+10%	+0.07 pp	5 q
FFIVF5, Inc.	1.41%	820,915	$119M	held	—	4 q
SYMCGen Digital Inc.	1.28%	4,512,167	$108M	new	+1.28 pp	new
ZAYOZayo Group Holdings, Inc.	0.97%	2,497,902	$82M	added+15%	+0.18 pp	2 q
HAINHain Celestial Group Inc	0.95%	2,055,269	$80M	trimmed−4%	+0.01 pp	15 q
FITFitbit, Inc. Class A	0.72%	8,266,726	$61M	added×3.5	+0.30 pp	5 q
SPLKSplunk Inc	0.67%	1,101,790	$56M	held	—	4 q
TREELendingTree, Inc.	0.57%	470,940	$48M	held	—	3 q
unresolvedMobileye Nv	0.57%	1,268,030	$48M	added+27%	+0.05 pp	4 q
AMBAAmbarella, Inc.	0.56%	866,400	$47M	added+7%	−0.17 pp	8 q
CALMCal-Maine Foods Inc	0.44%	840,934	$37M	added×2.1	+0.25 pp	4 q
HTZGQHertz Global Holdings Inc	0.42%	1,642,158	$35M	new	+0.42 pp	new
AKRXAkorn, Inc.	0.37%	1,433,165	$31M	new	+0.37 pp	new
MLNXMellanox Technologies Ltd	0.34%	704,638	$29M	new	+0.34 pp	new
ALGTAllegiant Travel Company	0.32%	161,372	$27M	held	—	2 q
WWayfair Inc.	0.30%	730,382	$26M	trimmed−24%	−0.16 pp	6 q
LN5Lannett Co Inc	0.29%	1,127,246	$25M	trimmed−29%	−0.23 pp	5 q
unresolvedNutri Sys Inc New	0.28%	688,755	$24M	added+80%	+0.14 pp	4 q
DATATableau Software, Inc.	0.25%	498,835	$21M	held	—	4 q
unresolvedJoy Global Inc	0.23%	682,373	$19M	held	—	4 q
unresolvedImperva Inc	0.22%	478,601	$18M	held	—	4 q
BOXBox, Inc.	0.18%	1,124,614	$16M	trimmed−45%	−0.21 pp	8 q
SYNASynaptics Inc	0.17%	265,578	$14M	held	—	3 q
NTNXNutanix, Inc. Class A	0.16%	500,700	$13M	new	+0.16 pp	new
MTCHMatch Group, Inc	0.15%	729,318	$12M	held	—	3 q
TWLOTwilio Inc.	0.15%	432,661	$12M	trimmed−18%	−0.26 pp	3 q
SSYSStratasys Inc (ISRAEL)	0.15%	761,721	$13M	held	—	2 q
CMCMCheetah Mobile Inc.	0.14%	1,254,313	$12M	trimmed−20%	−0.10 pp	5 q
FEYEFireEye, Inc.	0.12%	850,037	$10M	held	—	5 q
TSLATesla, Inc.	0.10%	39,643	$8M	new	+0.10 pp	new
ILMNIllumina Inc	0.09%	56,698	$7M	trimmed−90%	−1.14 pp	9 q
SHAKShake Shack Inc.	0.09%	215,917	$8M	held	—	5 q
unresolvedSeadrill	0.08%	1,970,630	$7M	held	—	4 q
ACIAAcacia Communications, Inc.	0.05%	61,864	$4M	held	—	2 q
INTCIntel Corp	—	−4,373,888	—	exited	−2.02 pp	—
TMOThermo Fisher Scientific, Inc.	—	−490,605	—	exited	−0.96 pp	—
unresolvedSolarCity Corp	—	−397,743	—	exited	−0.10 pp	—
XYZBlock, Inc.	—	−531,049	—	exited	−0.08 pp	—