Coatue

Q1 2017 13F · by Philippe Laffont, founder

As of: Mar 31, 2017
Filed: May 15, 2017
US stock: $10.4B · prev $8.4B
Positions: 44 · 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%

Moves57 since the prior filing

+19.9 pp in · −19.7 pp out

New 6 +9.58 pp
Added 12 +10.30 pp
Trimmed 21 −9.27 pp
Exited 18 −10.41 pp

The book

Focused · behaves like 22 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 54% a year, about 1.8 years per position

Low
Moderate
High

Top 5 positions33% of US stock

META Meta Platforms, Inc. Class A added+0.81 pp added+0.819.1%
LBRDK Liberty Broadband Corporation Class C added−0.39 pp added−0.397.2%
unresolved Broadcom Ltd added+2.04 pp added+2.046.2%
AIY Activision Blizzard Inc added+0.74 pp added+0.745.8%
BAC Bank of America Corporation added+1.33 pp added+1.335.2%

Positions44 in this filing · 18 exited


METAMeta Platforms, Inc. Class A	9.11%	6,653,833	$945M	added+9%	+0.81 pp	15 q
LBRDKLiberty Broadband Corporation Class C	7.20%	8,654,352	$748M	added0%	−0.39 pp	4 q
unresolvedBroadcom Ltd	6.19%	2,935,424	$643M	added+48%	+2.04 pp	5 q
AIYActivision Blizzard Inc	5.76%	11,979,835	$597M	added+2%	+0.74 pp	10 q
BACBank of America Corporation	5.17%	22,763,899	$537M	added+55%	+1.33 pp	2 q
SYMCGen Digital Inc.	5.07%	17,158,447	$526M	added×3.8	+3.79 pp	2 q
SNAPSnap Inc.	4.55%	20,957,724	$472M	new	+4.55 pp	new
BABAAlibaba Group Holding Limited	4.34%	4,175,114	$450M	trimmed−2%	−0.09 pp	3 q
NVDANvidia Corp	4.33%	4,121,180	$449M	trimmed−4%	−1.11 pp	3 q
NFLXNetFlix Inc	4.29%	3,009,763	$445M	added+2%	−0.02 pp	16 q
AAPLApple Inc.	4.07%	2,940,749	$422M	trimmed−8%	−0.31 pp	3 q
JDJD.com, Inc.	3.80%	12,662,074	$394M	trimmed−0%	−0.03 pp	10 q
EAElectronic Arts Inc	3.74%	4,338,573	$388M	trimmed−0%	−0.32 pp	10 q
AMZNAmazon.Com Inc	3.44%	402,192	$357M	added+47%	+1.01 pp	16 q
GOOGAlphabet Inc. Class C	3.26%	407,848	$338M	trimmed−28%	−1.89 pp	12 q
TWXTime Warner Inc	2.67%	2,832,855	$277M	trimmed−0%	−0.58 pp	3 q
EBAYeBay Inc	2.62%	8,102,728	$272M	new	+2.62 pp	new
DISThe Walt Disney Company	2.46%	2,251,174	$255M	added+54%	+0.66 pp	2 q
JPMJPMorgan Chase & Co.	2.23%	2,629,362	$231M	added+40%	+0.31 pp	2 q
PYPLPayPal Holdings, Inc.	2.15%	5,188,939	$223M	trimmed−0%	−0.28 pp	5 q
LBTYKLiberty Global Ltd. Class C	2.07%	6,123,666	$215M	trimmed−1%	−0.10 pp	13 q
EQIXEquinix, Inc.	2.05%	532,116	$213M	trimmed−40%	−1.73 pp	9 q
LBTYALiberty Global Ltd. Class A	1.94%	5,622,790	$202M	trimmed−2%	−0.14 pp	16 q
FWONKLiberty Media Corporation Series C Liberty Formula One	1.90%	6,000,000	$197M	new	+1.90 pp	new
AMTAmerican Tower Corporation	1.24%	1,057,361	$129M	trimmed−19%	−0.40 pp	16 q
GOOGLAlphabet Inc. Class A	1.15%	140,977	$120M	trimmed−17%	−0.44 pp	6 q
ZAYOZayo Group Holdings, Inc.	0.79%	2,490,825	$82M	trimmed−0%	−0.18 pp	3 q
HAINHain Celestial Group Inc	0.39%	1,076,563	$40M	trimmed−48%	−0.56 pp	16 q
MLNXMellanox Technologies Ltd	0.37%	757,981	$39M	added+8%	+0.03 pp	2 q
FITFitbit, Inc. Class A	0.30%	5,252,953	$31M	trimmed−36%	−0.42 pp	6 q
UAAUnder Armour, Inc.	0.29%	1,531,200	$30M	new	+0.29 pp	new
unresolvedJoy Global Inc	0.19%	682,373	$19M	held	—	5 q
DDD3D Systems Corporation	0.14%	961,067	$14M	new	+0.14 pp	new
TWLOTwilio Inc.	0.12%	432,661	$12M	held	—	4 q
FEYEFireEye, Inc.	0.11%	882,755	$11M	added+4%	−0.01 pp	6 q
ILMNIllumina Inc	0.09%	54,633	$9M	trimmed−4%	0.00 pp	10 q
NTNXNutanix, Inc. Class A	0.09%	500,700	$9M	held	—	2 q
SSYSStratasys Inc (ISRAEL)	0.09%	456,847	$9M	trimmed−40%	−0.06 pp	3 q
UAUnder Armour, Inc. Class C, $0.0003 1/3 par value	0.08%	459,100	$8M	new	+0.08 pp	new
CMCMCheetah Mobile Inc.	0.05%	470,803	$5M	trimmed−62%	−0.09 pp	6 q
ALGTAllegiant Travel Company	0.04%	25,700	$4M	trimmed−84%	−0.28 pp	3 q
ACIAAcacia Communications, Inc.	0.03%	61,864	$4M	held	—	3 q
unresolvedSeadrill	0.03%	1,970,630	$3M	held	—	5 q
unresolvedNutri Sys Inc New	0.02%	36,300	$2M	trimmed−95%	−0.26 pp	5 q
XLFState Street Financial Select Sector SPDR ETF	—	−13,257,244	—	exited	−3.65 pp	—
FFIVF5, Inc.	—	−820,915	—	exited	−1.41 pp	—
SPLKSplunk Inc	—	−1,101,790	—	exited	−0.67 pp	—
TREELendingTree, Inc.	—	−470,940	—	exited	−0.57 pp	—
unresolvedMobileye Nv	—	−1,268,030	—	exited	−0.57 pp	—
AMBAAmbarella, Inc.	—	−866,400	—	exited	−0.56 pp	—
CALMCal-Maine Foods Inc	—	−840,934	—	exited	−0.44 pp	—
HTZGQHertz Global Holdings Inc	—	−1,642,158	—	exited	−0.42 pp	—
AKRXAkorn, Inc.	—	−1,433,165	—	exited	−0.37 pp	—
WWayfair Inc.	—	−730,382	—	exited	−0.30 pp	—
LN5Lannett Co Inc	—	−1,127,246	—	exited	−0.29 pp	—
DATATableau Software, Inc.	—	−498,835	—	exited	−0.25 pp	—
unresolvedImperva Inc	—	−478,601	—	exited	−0.22 pp	—
BOXBox, Inc.	—	−1,124,614	—	exited	−0.18 pp	—
SYNASynaptics Inc	—	−265,578	—	exited	−0.17 pp	—
MTCHMatch Group, Inc	—	−729,318	—	exited	−0.15 pp	—
TSLATesla, Inc.	—	−39,643	—	exited	−0.10 pp	—
SHAKShake Shack Inc.	—	−215,917	—	exited	−0.09 pp	—