Coatue

Q2 2017 13F · by Philippe Laffont, founder

As of: Jun 30, 2017
Filed: Aug 11, 2017
US stock: $11.1B · prev $10.4B
Positions: 45 · prev 44
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%

Moves38 since the prior filing

+7.6 pp in · −7.3 pp out

New 7 +6.40 pp
Added 7 +1.18 pp
Trimmed 18 −3.59 pp
Exited 6 −3.67 pp

The book

Focused · behaves like 22 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 32% a year, about 3.1 years per position

Low
Moderate
High

Top 5 positions35% of US stock

META Meta Platforms, Inc. Class A trimmed−0.12 pp trimmed−0.129.0%
LBRDK Liberty Broadband Corporation Class C held held6.8%
BABA Alibaba Group Holding Limited added+2.31 pp added+2.316.7%
AIY Activision Blizzard Inc trimmed+0.42 pp trimmed+0.426.2%
unresolved Broadcom Ltd trimmed−0.07 pp trimmed−0.076.1%

Positions45 in this filing · 6 exited


METAMeta Platforms, Inc. Class A	8.99%	6,602,799	$997M	trimmed−1%	−0.12 pp	16 q
LBRDKLiberty Broadband Corporation Class C	6.77%	8,654,352	$751M	held	—	5 q
BABAAlibaba Group Holding Limited	6.65%	5,235,619	$738M	added+25%	+2.31 pp	4 q
AIYActivision Blizzard Inc	6.18%	11,910,770	$686M	trimmed−1%	+0.42 pp	11 q
unresolvedBroadcom Ltd	6.12%	2,914,218	$679M	trimmed−1%	−0.07 pp	6 q
NVDANvidia Corp	5.36%	4,110,113	$594M	trimmed−0%	+1.03 pp	4 q
SYMCGen Digital Inc.	4.56%	17,902,408	$506M	added+4%	−0.51 pp	3 q
JDJD.com, Inc.	4.44%	12,569,671	$493M	trimmed−1%	+0.64 pp	11 q
EAElectronic Arts Inc	4.11%	4,314,133	$456M	trimmed−1%	+0.37 pp	11 q
NFLXNetFlix Inc	4.03%	2,991,854	$447M	trimmed−1%	−0.26 pp	17 q
AAPLApple Inc.	3.76%	2,894,689	$417M	trimmed−2%	−0.31 pp	4 q
SNAPSnap Inc.	3.51%	21,898,624	$389M	added+4%	−1.04 pp	2 q
AMZNAmazon.Com Inc	3.46%	396,855	$384M	trimmed−1%	+0.02 pp	17 q
GOOGAlphabet Inc. Class C	3.34%	407,848	$371M	held	—	13 q
BACBank of America Corporation	3.03%	13,852,992	$336M	trimmed−39%	−2.14 pp	3 q
TWXTime Warner Inc	2.53%	2,797,714	$281M	trimmed−1%	−0.14 pp	4 q
PYPLPayPal Holdings, Inc.	2.49%	5,152,073	$277M	trimmed−1%	+0.34 pp	6 q
DISThe Walt Disney Company	2.12%	2,218,378	$236M	trimmed−1%	−0.34 pp	3 q
SHOPShopify Inc. Class A subordinate voting shares	2.06%	2,625,710	$228M	new	+2.06 pp	new
EQIXEquinix, Inc.	2.05%	530,558	$228M	trimmed−0%	0.00 pp	10 q
FWONKLiberty Media Corporation Series C Liberty Formula One	1.98%	6,000,000	$220M	held	—	2 q
EBAYeBay Inc	1.70%	5,388,755	$188M	trimmed−33%	−0.92 pp	2 q
NOWServicenow, Inc.	1.66%	1,738,838	$184M	new	+1.66 pp	new
AMTAmerican Tower Corporation	1.26%	1,057,361	$140M	held	—	17 q
GOOGLAlphabet Inc. Class A	1.18%	140,977	$131M	held	—	7 q
LBTYKLiberty Global Ltd. Class C	0.99%	3,515,672	$110M	trimmed−43%	−1.08 pp	14 q
LBTYALiberty Global Ltd. Class A	0.95%	3,289,311	$106M	trimmed−42%	−0.99 pp	17 q
CRMSalesforce, Inc.	0.85%	1,088,872	$94M	new	+0.85 pp	new
CGNXCognex Corp	0.78%	1,025,485	$87M	new	+0.78 pp	new
ONON Semiconductor Corp	0.62%	4,896,006	$69M	new	+0.62 pp	new
TWLOTwilio Inc.	0.49%	1,857,746	$54M	added×4.3	+0.37 pp	5 q
HAINHain Celestial Group Inc	0.38%	1,076,563	$42M	held	—	17 q
TERTeradyne, Inc.	0.36%	1,316,856	$40M	new	+0.36 pp	new
MLNXMellanox Technologies Ltd	0.30%	757,981	$33M	held	—	3 q
FITFitbit, Inc. Class A	0.25%	5,252,953	$28M	held	—	7 q
DDD3D Systems Corporation	0.16%	961,067	$18M	held	—	2 q
FEYEFireEye, Inc.	0.12%	882,755	$13M	held	—	7 q
SSYSStratasys Inc (ISRAEL)	0.10%	456,847	$11M	held	—	4 q
ALGTAllegiant Travel Company	0.08%	66,530	$9M	added×2.6	+0.04 pp	4 q
unresolvedFrontier Communications Corp	0.07%	7,088,937	$8M	new	+0.07 pp	new
CMCMCheetah Mobile Inc.	0.05%	510,803	$6M	added+9%	0.00 pp	7 q
NTNXNutanix, Inc. Class A	0.05%	294,550	$6M	trimmed−41%	−0.04 pp	3 q
unresolvedNutri Sys Inc New	0.03%	66,300	$3M	added+83%	+0.01 pp	6 q
ACIAAcacia Communications, Inc.	0.02%	61,864	$3M	held	—	4 q
unresolvedSeadrill	0.01%	1,970,630	$711,000	held	—	6 q
JPMJPMorgan Chase & Co.	—	−2,629,362	—	exited	−2.23 pp	—
ZAYOZayo Group Holdings, Inc.	—	−2,490,825	—	exited	−0.79 pp	—
UAAUnder Armour, Inc.	—	−1,531,200	—	exited	−0.29 pp	—
unresolvedJoy Global Inc	—	−682,373	—	exited	−0.19 pp	—
ILMNIllumina Inc	—	−54,633	—	exited	−0.09 pp	—
UAUnder Armour, Inc. Class C, $0.0003 1/3 par value	—	−459,100	—	exited	−0.08 pp	—