Coatue

Q2 2018 13F · by Philippe Laffont, founder

As of: Jun 30, 2018
Filed: Aug 14, 2018
US stock: $11.9B · prev $12.1B
Positions: 107 · prev 125
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%

Moves160 since the prior filing

+25.2 pp in · −24.5 pp out

New 41 +12.60 pp
Added 31 +12.63 pp
Trimmed 29 −11.36 pp
Exited 59 −13.18 pp

The book

Concentrated · behaves like 17 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 87% a year, about 1.1 years per position

Low
Moderate
High

Top 5 positions41% of US stock

META Meta Platforms, Inc. Class A added+2.78 pp added+2.7810.3%
TWTR Twitter, Inc. trimmed+0.90 pp trimmed+0.909.3%
EA Electronic Arts Inc trimmed+1.06 pp trimmed+1.067.8%
AIY Activision Blizzard Inc added+2.05 pp added+2.057.3%
SHOP Shopify Inc. Class A subordinate voting shares trimmed−1.04 pp trimmed−1.046.2%

Positions107 in this filing · 59 exited


METAMeta Platforms, Inc. Class A	10.30%	6,304,795	$1.2B	added+11%	+2.78 pp	20 q
TWTRTwitter, Inc.	9.30%	25,349,738	$1.1B	trimmed−28%	+0.90 pp	4 q
EAElectronic Arts Inc	7.76%	6,549,876	$924M	trimmed−2%	+1.06 pp	15 q
AIYActivision Blizzard Inc	7.34%	11,448,439	$874M	added+21%	+2.05 pp	15 q
SHOPShopify Inc. Class A subordinate voting shares	6.17%	5,032,518	$734M	trimmed−28%	−1.04 pp	5 q
MSFTMicrosoft Corp	5.93%	7,148,458	$705M	added+57%	+2.50 pp	3 q
NFLXNetFlix Inc	5.63%	1,712,193	$670M	trimmed−27%	−0.06 pp	21 q
LBRDKLiberty Broadband Corporation Class C	5.51%	8,654,352	$655M	held	—	9 q
AMZNAmazon.Com Inc	4.90%	343,034	$583M	trimmed−31%	−1.05 pp	21 q
BABAAlibaba Group Holding Limited	4.64%	2,978,544	$553M	trimmed−27%	−1.54 pp	8 q
PYPLPayPal Holdings, Inc.	4.48%	6,404,849	$533M	added+57%	+1.92 pp	10 q
AVGOBroadcom Inc.	4.15%	2,037,250	$494M	new	+4.15 pp	new
JDJD.com, Inc.	4.14%	12,640,721	$492M	held	—	15 q
ADBEAdobe Inc.	3.39%	1,654,074	$403M	added×2.9	+2.38 pp	4 q
SPOTSpotify Technology S.A.	3.06%	2,166,977	$365M	new	+3.06 pp	new
INTCIntel Corp	2.51%	6,014,056	$299M	new	+2.51 pp	new
MUMicron Technology, Inc.	2.32%	5,259,950	$276M	trimmed−64%	−3.91 pp	2 q
TALTAL Education Group	2.28%	7,365,502	$271M	added+62%	+0.88 pp	2 q
NVDANvidia Corp	2.21%	1,110,330	$263M	trimmed−21%	−0.48 pp	8 q
NOWServicenow, Inc.	1.64%	1,133,882	$196M	new	+1.64 pp	new
AXONAxon Enterprise, Inc.	0.66%	1,241,636	$78M	new	+0.66 pp	new
HTZGQHertz Global Holdings Inc	0.25%	1,974,823	$30M	new	+0.25 pp	new
HUYAHUYA Inc.	0.23%	850,000	$28M	new	+0.23 pp	new
FITFitbit, Inc. Class A	0.17%	3,178,570	$21M	trimmed−0%	+0.04 pp	11 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.14%	450,600	$17M	trimmed−92%	−1.39 pp	6 q
AAPLApple Inc.	0.13%	85,163	$16M	trimmed−95%	−2.46 pp	8 q
DDD3D Systems Corporation	0.11%	961,067	$13M	held	—	6 q
HTTHigh Templar Tech Limited	0.10%	1,318,512	$12M	held	—	3 q
SSYSStratasys Inc (ISRAEL)	0.07%	456,847	$9M	held	—	8 q
TERTeradyne, Inc.	0.06%	183,253	$7M	trimmed−93%	−0.88 pp	5 q
ZZillow Group, Inc. Class C	0.05%	104,442	$6M	trimmed−91%	−0.48 pp	3 q
FTRFrontier Communications Corp.	0.04%	848,516	$5M	added+80%	+0.01 pp	4 q
AEOAmerican Eagle Outfitters	0.01%	36,159	$840,000	trimmed−20%	0.00 pp	2 q
BKEThe Buckle, Inc.	0.01%	28,923	$778,000	added+24%	+0.01 pp	2 q
CASYCasey's General Stores Inc	0.01%	7,916	$832,000	new	+0.01 pp	new
CATOCato Corp	0.01%	32,043	$788,000	new	+0.01 pp	new
PLCEChildren's Place, Inc.	0.01%	5,653	$683,000	new	+0.01 pp	new
CNKCinemark Holdings, Inc.	0.01%	27,330	$959,000	added+17%	0.00 pp	2 q
unresolvedDsw Inc	0.01%	36,521	$943,000	added+55%	+0.01 pp	2 q
DGDollar General Corp.	0.01%	7,070	$697,000	added×4.8	+0.01 pp	2 q
unresolvedExpress Inc	0.01%	70,904	$649,000	added+13%	+0.01 pp	2 q
FRGIFiesta Restaurant Group, Inc.	0.01%	22,329	$640,000	added×137.8	+0.01 pp	2 q
GAPThe Gap, Inc.	0.01%	28,473	$923,000	added×3.0	+0.01 pp	2 q
KSSKohls Corporation	0.01%	12,880	$939,000	added+91%	+0.01 pp	2 q
LOWLowe's Companies Inc.	0.01%	9,789	$935,000	added×4.0	+0.01 pp	2 q
LULUlululemon athletica inc.	0.01%	5,310	$663,000	added×52.1	+0.01 pp	2 q
MMacy's Inc.	0.01%	15,928	$596,000	new	+0.01 pp	new
SHOOSteven Madden Ltd	0.01%	15,312	$813,000	new	+0.01 pp	new
MEDMedifast, Inc.	0.01%	6,034	$967,000	new	+0.01 pp	new
MUSAMurphy USA Inc.	0.01%	12,245	$909,000	new	+0.01 pp	new
NDLSNoodles & Company Class A	0.01%	76,826	$945,000	added+27%	+0.01 pp	2 q
PETSPetMed Express, Inc.	0.01%	20,309	$895,000	new	+0.01 pp	new
VSIVitamin Shoppe Inc.	0.01%	112,967	$785,000	trimmed−44%	0.00 pp	2 q
WWayfair Inc.	0.01%	7,507	$892,000	new	+0.01 pp	new
HLFHerbalife Ltd.	0.01%	17,595	$946,000	new	+0.01 pp	new
unresolvedMichael Kors Hldgs Ltd	0.01%	12,715	$847,000	added×2.2	+0.01 pp	2 q
AAPAdvance Auto Parts Inc	0.00%	2,026	$275,000	trimmed−74%	−0.01 pp	2 q
AZOAutoZone, Inc.	0.00%	237	$159,000	new	0.00 pp	new
BJBJs Wholesale Club Holdings, Inc.	0.00%	20,000	$473,000	new	0.00 pp	new
BBYD20230930-DK-BUTTERFLY-1 Inc	0.00%	17,514	$349,000	trimmed−30%	0.00 pp	2 q
BBYBest Buy Company, Inc.	0.00%	4,337	$324,000	added+22%	0.00 pp	2 q
BG3Big 5 Sporting Goods Corp	0.00%	26,159	$199,000	trimmed−14%	0.00 pp	2 q
BIGGQBig Lots Inc	0.00%	6,404	$267,000	new	0.00 pp	new
BJRIBJ's Restaurants, Inc.	0.00%	5,011	$301,000	trimmed−75%	−0.01 pp	2 q
BVBrightView Holdings, Inc.	0.00%	5,000	$110,000	new	0.00 pp	new
EATBrinker International, Inc.	0.00%	4,893	$232,000	trimmed−80%	−0.01 pp	2 q
CRCMCare.com, Inc.	0.00%	3,720	$78,000	new	0.00 pp	new
CRICarter's Inc.	0.00%	1,804	$196,000	new	0.00 pp	new
CMGChipotle Mexican Grill, Inc.	0.00%	1,216	$524,000	added×2.0	0.00 pp	3 q
CHUYChuy's Holdings, Inc.	0.00%	5,510	$169,000	trimmed−70%	0.00 pp	2 q
CTRNCiti Trends, Inc.	0.00%	4,936	$136,000	new	0.00 pp	new
TCSThe Container Store Group, Inc.	0.00%	70,297	$591,000	new	0.00 pp	new
PLAYDave & Buster's Entertainment, Inc.	0.00%	4,747	$226,000	new	0.00 pp	new
DFRGDel Frisco's Restaurant Group, Inc.	0.00%	25,916	$327,000	new	0.00 pp	new
DENNDenny's Corp	0.00%	2,328	$37,000	new	0.00 pp	new
DDSDillard's, Inc. Class A	0.00%	1,886	$179,000	trimmed−61%	0.00 pp	2 q
DLTHDuluth Holdings Inc. Class B	0.00%	8,315	$197,000	new	0.00 pp	new
EVEREverQuote, Inc. Class A	0.00%	5,000	$91,000	new	0.00 pp	new
FTSVForty Seven Inc	0.00%	5,000	$80,000	new	0.00 pp	new
FRANFrancesca's Holdings Corporation	0.00%	20,827	$157,000	trimmed−60%	0.00 pp	2 q
GNCIQGnc Holdings Inc-cl A	0.00%	34,425	$121,000	trimmed−12%	0.00 pp	2 q
GMEGameStop Corp. Class A	0.00%	31,970	$466,000	trimmed−39%	−0.01 pp	2 q
GOGOGogo Inc.	0.00%	92,951	$452,000	added+86%	0.00 pp	2 q
HABTThe Habit Restaurants, Inc. - Class A	0.00%	21,272	$212,000	added×214.9	0.00 pp	2 q
KRThe Kroger Co.	0.00%	2,090	$60,000	trimmed−55%	0.00 pp	2 q
unresolvedLumber Liquidators Hldgs Inc	0.00%	12,234	$298,000	new	0.00 pp	new
unresolvedNeon Therapeutics	0.00%	5,000	$63,000	new	0.00 pp	new
STIMNeuronetics, Inc.	0.00%	5,000	$133,000	new	0.00 pp	new
JWNNordstrom, Inc.	0.00%	2,846	$147,000	trimmed−85%	−0.01 pp	2 q
unresolvedPier 1 Imports, Inc.	0.00%	161,145	$383,000	added×153.0	0.00 pp	2 q
SHAKShake Shack Inc.	0.00%	8,374	$554,000	added×3.3	0.00 pp	2 q
SHOEShoe Station Group, Inc.	0.00%	768	$25,000	new	0.00 pp	new
SSTKShutterstock, Inc.	0.00%	1,858	$88,000	trimmed−90%	−0.01 pp	2 q
unresolvedSonic Corp	0.00%	6,716	$231,000	new	0.00 pp	new
SBUXStarbucks Corp	0.00%	3,167	$154,000	added×5.2	0.00 pp	2 q
unresolvedStein Mart Inc Com Stk	0.00%	143,111	$351,000	new	0.00 pp	new
TJXTJX Companies, Inc. (The)	0.00%	5,532	$527,000	added×6.1	0.00 pp	2 q
TGTTarget Corporation	0.00%	6,354	$484,000	added+16%	0.00 pp	2 q
TXRHTexas Roadhouse, Inc.	0.00%	5,257	$344,000	trimmed−65%	−0.01 pp	2 q
TIFTiffany & Co.	0.00%	3,415	$449,000	added×4.7	0.00 pp	2 q
1T7Tricida Inc	0.00%	5,000	$150,000	new	0.00 pp	new
UALUnited Airlines Holdings, Inc.	0.00%	8,086	$564,000	added×17.1	0.00 pp	2 q
WMTWalmart Inc.	0.00%	4,305	$368,000	added×2.6	0.00 pp	2 q
WTWWillis Towers Watson Public Limited Company	0.00%	4,264	$431,000	new	0.00 pp	new
WENThe Wendy's Company	0.00%	18,060	$310,000	new	0.00 pp	new
unresolvedSeadrill	0.00%	1,970,630	$424,000	held	—	2 q
SIGSignet Jewelers Limited	0.00%	5,718	$319,000	new	0.00 pp	new
unresolvedBroadcom Ltd	—	−3,246,682	—	exited	−6.32 pp	—
SNAPSnap Inc.	—	−20,358,919	—	exited	−2.67 pp	—
RHTRed Hat Inc	—	−760,826	—	exited	−0.94 pp	—
WDCWestern Digital Corp.	—	−1,197,599	—	exited	−0.91 pp	—
CGNXCognex Corp	—	−2,031,260	—	exited	−0.87 pp	—
LRCXLam Research Corp	—	−496,241	—	exited	−0.83 pp	—
VMWVMware, Inc	—	−478,368	—	exited	−0.48 pp	—
CARAvis Budget Group, Inc.	—	−18,793	—	exited	−0.01 pp	—
BLMNBloomin' Brands, Inc.	—	−36,589	—	exited	−0.01 pp	—
BOOTBoot Barn Holdings, Inc.	—	−45,556	—	exited	−0.01 pp	—
DKSDick's Sporting Goods, Inc.	—	−25,817	—	exited	−0.01 pp	—
DPZDomino's Pizza Inc.	—	−3,809	—	exited	−0.01 pp	—
FIVEFive Below, Inc.	—	−12,653	—	exited	−0.01 pp	—
FOSLFossil Group, Inc.	—	−70,687	—	exited	−0.01 pp	—
HVTHaverty Furniture Companies, Inc.	—	−30,377	—	exited	−0.01 pp	—
HB6Hibbett Inc	—	−30,039	—	exited	−0.01 pp	—
LZBLa-Z-Boy Incorporated	—	−30,108	—	exited	−0.01 pp	—
LELands' End, Inc.	—	−38,439	—	exited	−0.01 pp	—
JCPJ.C. Penney Company, Inc.	—	−304,195	—	exited	−0.01 pp	—
RLRalph Lauren Corporation	—	−7,836	—	exited	−0.01 pp	—
UAAUnder Armour, Inc.	—	−53,660	—	exited	−0.01 pp	—
URBNUrban Outfitters Inc	—	−24,410	—	exited	−0.01 pp	—
WSMWilliams-Sonoma, Inc.	—	−17,163	—	exited	−0.01 pp	—
AALAmerican Airlines Group Inc.	—	−7,941	—	exited	0.00 pp	—
HOMEAt Home Group Inc.	—	−1,776	—	exited	0.00 pp	—
unresolvedBlue Apron Holdings Inc	—	−48,022	—	exited	0.00 pp	—
BOJABojangles' Inc	—	−41,577	—	exited	0.00 pp	—
BKNGBooking Holdings Inc.	—	−75	—	exited	0.00 pp	—
BURLBurlington Stores, Inc.	—	−2,375	—	exited	0.00 pp	—
CVSCvs Health Corporation	—	−5,539	—	exited	0.00 pp	—
unresolvedCedar Fair L P	—	−6,117	—	exited	0.00 pp	—
CAKECheesecake Factory (The)	—	−3,256	—	exited	0.00 pp	—
CBRLCracker Barrel Old Country Store, Inc,.	—	−323	—	exited	0.00 pp	—
DRIDarden Restaurants, Inc.	—	−1,526	—	exited	0.00 pp	—
DALDelta Air Lines, Inc.	—	−320	—	exited	0.00 pp	—
unresolvedEllis Perry Intl Inc	—	−12,795	—	exited	0.00 pp	—
unresolvedFinish Line Inc	—	−39,638	—	exited	0.00 pp	—
WOOFoot Locker Inc	—	−975	—	exited	0.00 pp	—
GCOGenesco Inc.	—	−3,783	—	exited	0.00 pp	—
HOGHarley-Davidson, Inc.	—	−2,636	—	exited	0.00 pp	—
JILLJ.Jill, Inc.	—	−130,872	—	exited	0.00 pp	—
JBLUJetBlue Airways Corp	—	−17,235	—	exited	0.00 pp	—
MCDMcDonald's Corporation	—	−1,694	—	exited	0.00 pp	—
MIKMichaels Stores, Inc	—	−9,278	—	exited	0.00 pp	—
NATHNathan's Famous Inc	—	−1,884	—	exited	0.00 pp	—
ORLYO'Reilly Automotive, Inc.	—	−808	—	exited	0.00 pp	—
OLLIOllie's Bargain Outlet Holdings, Inc.	—	−6,791	—	exited	0.00 pp	—
PZZAPapa John's International Inc	—	−1,128	—	exited	0.00 pp	—
PRKSUnited Parks & Resorts Inc.	—	−26,933	—	exited	0.00 pp	—
SKAASkechers USA Inc-cl A	—	−11,511	—	exited	0.00 pp	—
unresolvedSmart & Final Stores Inc	—	−7,739	—	exited	0.00 pp	—
SNASnap-on Incorporated	—	−1,937	—	exited	0.00 pp	—
SAVEQSpirit Airlines, Inc.	—	−1,845	—	exited	0.00 pp	—
SFMSprouts Farmers Market, Inc.	—	−24,831	—	exited	0.00 pp	—
TLRDQTailored Brands Inc	—	−10,101	—	exited	0.00 pp	—
TPRTapestry, Inc.	—	−1,381	—	exited	0.00 pp	—
TLYSTilly's Inc.	—	−6,729	—	exited	0.00 pp	—
TSCOTractor Supply Co	—	−1,124	—	exited	0.00 pp	—
UPSUnited Parcel Service, Inc. Class B	—	−3,092	—	exited	0.00 pp	—