Coatue

Q1 2018 13F · by Philippe Laffont, founder

As of: Mar 31, 2018
Filed: May 14, 2018
US stock: $12.1B · prev $12.8B
Positions: 125 · prev 43
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%

Moves134 since the prior filing

+20.5 pp in · −21.3 pp out

New 97 +10.57 pp
Added 8 +9.98 pp
Trimmed 14 −6.16 pp
Exited 15 −15.14 pp

The book

Concentrated · behaves like 18 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 69% a year, about 1.5 years per position

Low
Moderate
High

Top 5 positions36% of US stock

TWTR Twitter, Inc. added+3.82 pp added+3.828.4%
META Meta Platforms, Inc. Class A added+0.76 pp added+0.767.5%
SHOP Shopify Inc. Class A subordinate voting shares added+1.67 pp added+1.677.2%
EA Electronic Arts Inc added+3.15 pp added+3.156.7%
unresolved Broadcom Ltd trimmed−1.19 pp trimmed−1.196.3%

Positions125 in this filing · 15 exited


TWTRTwitter, Inc.	8.40%	35,069,644	$1.0B	added+44%	+3.82 pp	3 q
METAMeta Platforms, Inc. Class A	7.52%	5,697,285	$910M	added+16%	+0.76 pp	19 q
SHOPShopify Inc. Class A subordinate voting shares	7.21%	7,007,405	$873M	added0%	+1.67 pp	4 q
EAElectronic Arts Inc	6.70%	6,690,941	$811M	added+55%	+3.15 pp	14 q
unresolvedBroadcom Ltd	6.32%	3,246,682	$765M	trimmed−13%	−1.19 pp	9 q
MUMicron Technology, Inc.	6.23%	14,479,032	$755M	new	+6.23 pp	new
BABAAlibaba Group Holding Limited	6.18%	4,079,780	$749M	trimmed−10%	+0.03 pp	7 q
LBRDKLiberty Broadband Corporation Class C	6.12%	8,654,352	$742M	held	—	8 q
AMZNAmazon.Com Inc	5.95%	497,378	$720M	trimmed−1%	+1.36 pp	20 q
NFLXNetFlix Inc	5.69%	2,332,508	$689M	trimmed−20%	+1.30 pp	20 q
AIYActivision Blizzard Inc	5.29%	9,487,061	$640M	trimmed−0%	+0.58 pp	14 q
JDJD.com, Inc.	4.23%	12,640,721	$512M	held	—	14 q
MSFTMicrosoft Corp	3.43%	4,544,433	$415M	trimmed−1%	+0.36 pp	2 q
NVDANvidia Corp	2.69%	1,405,373	$325M	trimmed−66%	−3.51 pp	7 q
SNAPSnap Inc.	2.67%	20,358,919	$323M	trimmed−26%	−0.46 pp	5 q
AAPLApple Inc.	2.59%	1,871,909	$314M	trimmed−57%	−3.12 pp	7 q
PYPLPayPal Holdings, Inc.	2.56%	4,091,076	$310M	trimmed−21%	−0.41 pp	9 q
FWONKLiberty Media Corporation Series C Liberty Formula One	1.53%	6,000,000	$185M	held	—	5 q
TALTAL Education Group	1.40%	4,556,735	$169M	new	+1.40 pp	new
ADBEAdobe Inc.	1.01%	566,149	$122M	held	—	3 q
RHTRed Hat Inc	0.94%	760,826	$114M	new	+0.94 pp	new
TERTeradyne, Inc.	0.94%	2,479,769	$113M	held	—	4 q
WDCWestern Digital Corp.	0.91%	1,197,599	$111M	new	+0.91 pp	new
CGNXCognex Corp	0.87%	2,031,260	$106M	held	—	4 q
LRCXLam Research Corp	0.83%	496,241	$101M	new	+0.83 pp	new
ZZillow Group, Inc. Class C	0.53%	1,196,425	$64M	added×3.5	+0.42 pp	2 q
VMWVMware, Inc	0.48%	478,368	$58M	trimmed−62%	−0.75 pp	2 q
FITFitbit, Inc. Class A	0.13%	3,191,009	$16M	trimmed−29%	−0.07 pp	10 q
HTTHigh Templar Tech Limited	0.13%	1,318,512	$15M	trimmed−40%	−0.09 pp	2 q
DDD3D Systems Corporation	0.09%	961,067	$11M	added×3.3	+0.07 pp	5 q
SSYSStratasys Inc (ISRAEL)	0.08%	456,847	$9M	added×3.4	+0.06 pp	7 q
FTRFrontier Communications Corp.	0.03%	472,593	$4M	added×6.1	+0.03 pp	3 q
AAPAdvance Auto Parts Inc	0.01%	7,688	$911,000	new	+0.01 pp	new
AEOAmerican Eagle Outfitters	0.01%	45,170	$900,000	new	+0.01 pp	new
CARAvis Budget Group, Inc.	0.01%	18,793	$880,000	new	+0.01 pp	new
BJRIBJ's Restaurants, Inc.	0.01%	20,163	$905,000	new	+0.01 pp	new
BLMNBloomin' Brands, Inc.	0.01%	36,589	$888,000	new	+0.01 pp	new
BOOTBoot Barn Holdings, Inc.	0.01%	45,556	$808,000	new	+0.01 pp	new
EATBrinker International, Inc.	0.01%	24,849	$897,000	new	+0.01 pp	new
CNKCinemark Holdings, Inc.	0.01%	23,288	$877,000	new	+0.01 pp	new
DKSDick's Sporting Goods, Inc.	0.01%	25,817	$905,000	new	+0.01 pp	new
DPZDomino's Pizza Inc.	0.01%	3,809	$890,000	new	+0.01 pp	new
FIVEFive Below, Inc.	0.01%	12,653	$928,000	new	+0.01 pp	new
FOSLFossil Group, Inc.	0.01%	70,687	$897,000	new	+0.01 pp	new
GMEGameStop Corp. Class A	0.01%	52,374	$661,000	new	+0.01 pp	new
HVTHaverty Furniture Companies, Inc.	0.01%	30,377	$612,000	new	+0.01 pp	new
HB6Hibbett Inc	0.01%	30,039	$719,000	new	+0.01 pp	new
LZBLa-Z-Boy Incorporated	0.01%	30,108	$902,000	new	+0.01 pp	new
LELands' End, Inc.	0.01%	38,439	$897,000	new	+0.01 pp	new
JWNNordstrom, Inc.	0.01%	18,723	$906,000	new	+0.01 pp	new
JCPJ.C. Penney Company, Inc.	0.01%	304,195	$919,000	new	+0.01 pp	new
RLRalph Lauren Corporation	0.01%	7,836	$876,000	new	+0.01 pp	new
SSTKShutterstock, Inc.	0.01%	18,276	$880,000	new	+0.01 pp	new
TXRHTexas Roadhouse, Inc.	0.01%	14,845	$857,000	new	+0.01 pp	new
UAAUnder Armour, Inc.	0.01%	53,660	$877,000	new	+0.01 pp	new
URBNUrban Outfitters Inc	0.01%	24,410	$902,000	new	+0.01 pp	new
VSIVitamin Shoppe Inc.	0.01%	202,797	$882,000	new	+0.01 pp	new
WSMWilliams-Sonoma, Inc.	0.01%	17,163	$905,000	new	+0.01 pp	new
AALAmerican Airlines Group Inc.	0.00%	7,941	$413,000	new	0.00 pp	new
HOMEAt Home Group Inc.	0.00%	1,776	$57,000	new	0.00 pp	new
BBYD20230930-DK-BUTTERFLY-1 Inc	0.00%	25,122	$527,000	new	0.00 pp	new
BBYBest Buy Company, Inc.	0.00%	3,555	$249,000	new	0.00 pp	new
BG3Big 5 Sporting Goods Corp	0.00%	30,463	$221,000	new	0.00 pp	new
unresolvedBlue Apron Holdings Inc	0.00%	48,022	$96,000	new	0.00 pp	new
BOJABojangles' Inc	0.00%	41,577	$576,000	new	0.00 pp	new
BKNGBooking Holdings Inc.	0.00%	75	$156,000	new	0.00 pp	new
BKEThe Buckle, Inc.	0.00%	23,283	$516,000	new	0.00 pp	new
BURLBurlington Stores, Inc.	0.00%	2,375	$317,000	new	0.00 pp	new
CVSCvs Health Corporation	0.00%	5,539	$345,000	new	0.00 pp	new
unresolvedCedar Fair L P	0.00%	6,117	$390,000	new	0.00 pp	new
CAKECheesecake Factory (The)	0.00%	3,256	$157,000	new	0.00 pp	new
CMGChipotle Mexican Grill, Inc.	0.00%	601	$194,000	trimmed−99%	−0.19 pp	2 q
CHUYChuy's Holdings, Inc.	0.00%	18,211	$477,000	new	0.00 pp	new
CBRLCracker Barrel Old Country Store, Inc,.	0.00%	323	$52,000	new	0.00 pp	new
unresolvedDsw Inc	0.00%	23,572	$530,000	new	0.00 pp	new
DRIDarden Restaurants, Inc.	0.00%	1,526	$130,000	new	0.00 pp	new
DALDelta Air Lines, Inc.	0.00%	320	$17,000	new	0.00 pp	new
DDSDillard's, Inc. Class A	0.00%	4,878	$392,000	new	0.00 pp	new
DGDollar General Corp.	0.00%	1,459	$136,000	new	0.00 pp	new
unresolvedEllis Perry Intl Inc	0.00%	12,795	$330,000	new	0.00 pp	new
unresolvedExpress Inc	0.00%	62,624	$448,000	new	0.00 pp	new
FRGIFiesta Restaurant Group, Inc.	0.00%	162	$3,000	new	0.00 pp	new
unresolvedFinish Line Inc	0.00%	39,638	$537,000	new	0.00 pp	new
WOOFoot Locker Inc	0.00%	975	$44,000	new	0.00 pp	new
FRANFrancesca's Holdings Corporation	0.00%	52,085	$250,000	new	0.00 pp	new
GNCIQGnc Holdings Inc-cl A	0.00%	38,973	$150,000	new	0.00 pp	new
GAPThe Gap, Inc.	0.00%	9,556	$298,000	new	0.00 pp	new
GCOGenesco Inc.	0.00%	3,783	$153,000	new	0.00 pp	new
GOGOGogo Inc.	0.00%	49,896	$430,000	new	0.00 pp	new
HABTThe Habit Restaurants, Inc. - Class A	0.00%	99	$1,000	new	0.00 pp	new
HOGHarley-Davidson, Inc.	0.00%	2,636	$113,000	new	0.00 pp	new
JILLJ.Jill, Inc.	0.00%	130,872	$579,000	new	0.00 pp	new
JBLUJetBlue Airways Corp	0.00%	17,235	$350,000	new	0.00 pp	new
KSSKohls Corporation	0.00%	6,742	$442,000	new	0.00 pp	new
KRThe Kroger Co.	0.00%	4,683	$112,000	new	0.00 pp	new
LOWLowe's Companies Inc.	0.00%	2,437	$214,000	new	0.00 pp	new
LULUlululemon athletica inc.	0.00%	102	$9,000	new	0.00 pp	new
MCDMcDonald's Corporation	0.00%	1,694	$265,000	new	0.00 pp	new
MIKMichaels Stores, Inc	0.00%	9,278	$182,000	new	0.00 pp	new
NATHNathan's Famous Inc	0.00%	1,884	$139,000	new	0.00 pp	new
NDLSNoodles & Company Class A	0.00%	60,422	$456,000	new	0.00 pp	new
ORLYO'Reilly Automotive, Inc.	0.00%	808	$200,000	new	0.00 pp	new
OLLIOllie's Bargain Outlet Holdings, Inc.	0.00%	6,791	$409,000	new	0.00 pp	new
PZZAPapa John's International Inc	0.00%	1,128	$64,000	new	0.00 pp	new
unresolvedPier 1 Imports, Inc.	0.00%	1,053	$3,000	new	0.00 pp	new
PRKSUnited Parks & Resorts Inc.	0.00%	26,933	$400,000	new	0.00 pp	new
SHAKShake Shack Inc.	0.00%	2,552	$106,000	new	0.00 pp	new
SKAASkechers USA Inc-cl A	0.00%	11,511	$447,000	new	0.00 pp	new
unresolvedSmart & Final Stores Inc	0.00%	7,739	$43,000	new	0.00 pp	new
SNASnap-on Incorporated	0.00%	1,937	$286,000	new	0.00 pp	new
SAVEQSpirit Airlines, Inc.	0.00%	1,845	$70,000	new	0.00 pp	new
SFMSprouts Farmers Market, Inc.	0.00%	24,831	$583,000	new	0.00 pp	new
SBUXStarbucks Corp	0.00%	611	$35,000	new	0.00 pp	new
TJXTJX Companies, Inc. (The)	0.00%	907	$74,000	new	0.00 pp	new
TLRDQTailored Brands Inc	0.00%	10,101	$253,000	new	0.00 pp	new
TPRTapestry, Inc.	0.00%	1,381	$72,000	new	0.00 pp	new
TGTTarget Corporation	0.00%	5,494	$381,000	new	0.00 pp	new
TIFTiffany & Co.	0.00%	722	$70,000	new	0.00 pp	new
TLYSTilly's Inc.	0.00%	6,729	$76,000	new	0.00 pp	new
TSCOTractor Supply Co	0.00%	1,124	$71,000	new	0.00 pp	new
UALUnited Airlines Holdings, Inc.	0.00%	473	$32,000	new	0.00 pp	new
UPSUnited Parcel Service, Inc. Class B	0.00%	3,092	$323,000	new	0.00 pp	new
WMTWalmart Inc.	0.00%	1,681	$150,000	new	0.00 pp	new
unresolvedMichael Kors Hldgs Ltd	0.00%	5,877	$365,000	new	0.00 pp	new
unresolvedSeadrill	0.00%	1,970,630	$384,000	new	0.00 pp	new
BACBank of America Corporation	—	−13,852,992	—	exited	−3.20 pp	—
GOOGAlphabet Inc. Class C	—	−388,126	—	exited	−3.18 pp	—
TWXTime Warner Inc	—	−2,797,714	—	exited	−2.00 pp	—
EQIXEquinix, Inc.	—	−530,558	—	exited	−1.88 pp	—
GOOGLAlphabet Inc. Class A	—	−118,088	—	exited	−0.97 pp	—
NTESNetEase, inc.	—	−355,998	—	exited	−0.96 pp	—
LBTYKLiberty Global Ltd. Class C	—	−3,043,764	—	exited	−0.81 pp	—
LBTYALiberty Global Ltd. Class A	—	−2,208,488	—	exited	−0.62 pp	—
CHTRCharter Comm Inc Del CL A New	—	−223,077	—	exited	−0.59 pp	—
HAINHain Celestial Group Inc	—	−992,774	—	exited	−0.33 pp	—
unresolvedDell Technologies Inc	—	−494,280	—	exited	−0.31 pp	—
NXHNeighborhood Intelligence, Inc.	—	−249,333	—	exited	−0.12 pp	—
FEYEFireEye, Inc.	—	−882,755	—	exited	−0.10 pp	—
CMCMCheetah Mobile Inc.	—	−510,803	—	exited	−0.05 pp	—
ACIAAcacia Communications, Inc.	—	−61,864	—	exited	−0.02 pp	—