Coatue

Q3 2018 13F · by Philippe Laffont, founder

As of: Sep 30, 2018
Filed: Nov 13, 2018
US stock: $9.5B · prev $11.9B
Positions: 110 · prev 107
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%

Moves150 since the prior filing

+19.6 pp in · −24.0 pp out

New 54 +14.43 pp
Added 18 +5.15 pp
Trimmed 27 −16.46 pp
Exited 51 −7.52 pp

The book

Concentrated · behaves like 19 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 73% a year, about 1.4 years per position

Low
Moderate
High

Top 5 positions36% of US stock

AIY Activision Blizzard Inc trimmed+0.30 pp trimmed+0.307.6%
LBRDK Liberty Broadband Corporation Class C held held7.6%
MSFT Microsoft Corp trimmed+1.39 pp trimmed+1.397.3%
META Meta Platforms, Inc. Class A trimmed−3.06 pp trimmed−3.067.2%
NFLX NetFlix Inc trimmed+1.02 pp trimmed+1.026.7%

Positions110 in this filing · 51 exited


AIYActivision Blizzard Inc	7.64%	8,765,375	$729M	trimmed−23%	+0.30 pp	16 q
LBRDKLiberty Broadband Corporation Class C	7.64%	8,654,352	$730M	held	—	10 q
MSFTMicrosoft Corp	7.32%	6,108,508	$699M	trimmed−15%	+1.39 pp	4 q
METAMeta Platforms, Inc. Class A	7.24%	4,198,898	$691M	trimmed−33%	−3.06 pp	21 q
NFLXNetFlix Inc	6.65%	1,695,746	$634M	trimmed−1%	+1.02 pp	22 q
QCOMQualcomm Inc	6.07%	8,047,663	$580M	new	+6.07 pp	new
AMZNAmazon.Com Inc	5.72%	272,550	$546M	trimmed−21%	+0.82 pp	22 q
PYPLPayPal Holdings, Inc.	5.48%	5,958,583	$523M	trimmed−7%	+1.00 pp	11 q
BABAAlibaba Group Holding Limited	5.41%	3,136,577	$517M	added+5%	+0.77 pp	9 q
AVGOBroadcom Inc.	4.96%	1,920,012	$474M	trimmed−6%	+0.81 pp	2 q
SHOPShopify Inc. Class A subordinate voting shares	4.24%	2,463,217	$405M	trimmed−51%	−1.93 pp	6 q
SPOTSpotify Technology S.A.	4.11%	2,166,977	$392M	held	—	2 q
NVDANvidia Corp	3.27%	1,110,330	$312M	held	—	9 q
NOWServicenow, Inc.	3.15%	1,537,093	$301M	added+36%	+1.51 pp	2 q
ADBEAdobe Inc.	2.77%	980,901	$265M	trimmed−41%	−0.62 pp	5 q
ROKURoku, Inc. Class A	2.59%	3,385,800	$247M	new	+2.59 pp	new
TWTRTwitter, Inc.	2.53%	8,491,906	$242M	trimmed−67%	−6.77 pp	5 q
EAElectronic Arts Inc	2.47%	1,959,105	$236M	trimmed−70%	−5.29 pp	16 q
AAPLApple Inc.	2.09%	884,321	$200M	added×10.4	+1.96 pp	9 q
DATATableau Software, Inc.	1.73%	1,477,770	$165M	new	+1.73 pp	new
NKENike, Inc.	1.21%	1,357,863	$115M	new	+1.21 pp	new
MSIMotorola Solutions, Inc. New	1.15%	846,192	$110M	new	+1.15 pp	new
CMGChipotle Mexican Grill, Inc.	0.75%	158,216	$72M	added×130.1	+0.75 pp	4 q
WDCWestern Digital Corp.	0.48%	776,822	$45M	new	+0.48 pp	new
VVISA Inc.	0.35%	223,146	$33M	new	+0.35 pp	new
HTZGQHertz Global Holdings Inc	0.34%	1,981,042	$32M	added0%	+0.09 pp	2 q
PDDPDD Holdings Inc.	0.30%	1,100,000	$29M	new	+0.30 pp	new
MUMicron Technology, Inc.	0.29%	617,030	$28M	trimmed−88%	−2.03 pp	3 q
CRMSalesforce, Inc.	0.23%	137,361	$22M	new	+0.23 pp	new
TALTAL Education Group	0.23%	842,238	$22M	trimmed−89%	−2.05 pp	3 q
HUYAHUYA Inc.	0.21%	850,000	$20M	held	—	2 q
DDD3D Systems Corporation	0.19%	961,067	$18M	held	—	7 q
FITFitbit, Inc. Class A	0.18%	3,178,570	$17M	held	—	12 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.18%	450,600	$17M	held	—	7 q
VMWVMware, Inc	0.13%	77,376	$12M	new	+0.13 pp	new
SSYSStratasys Inc (ISRAEL)	0.11%	456,847	$11M	held	—	9 q
TERTeradyne, Inc.	0.07%	183,253	$7M	held	—	6 q
FTRFrontier Communications Corp.	0.06%	848,516	$6M	held	—	5 q
ZZillow Group, Inc. Class C	0.05%	104,442	$5M	held	—	4 q
AALAmerican Airlines Group Inc.	0.01%	15,841	$655,000	new	+0.01 pp	new
ASNAAscena Retail Group Inc	0.01%	142,746	$652,000	new	+0.01 pp	new
BOOTBoot Barn Holdings, Inc.	0.01%	33,302	$947,000	new	+0.01 pp	new
CROXCrocs, Inc.	0.01%	44,325	$944,000	new	+0.01 pp	new
unresolvedDsw Inc	0.01%	16,751	$568,000	trimmed−54%	0.00 pp	3 q
PLAYDave & Buster's Entertainment, Inc.	0.01%	14,468	$958,000	added×3.0	+0.01 pp	2 q
DKSDick's Sporting Goods, Inc.	0.01%	16,415	$582,000	new	+0.01 pp	new
DDSDillard's, Inc. Class A	0.01%	12,188	$930,000	added×6.5	+0.01 pp	3 q
ELANElanco Animal Health Incorporated	0.01%	32,500	$1M	new	+0.01 pp	new
FRGIFiesta Restaurant Group, Inc.	0.01%	26,014	$696,000	added+17%	0.00 pp	3 q
FIVEFive Below, Inc.	0.01%	7,426	$965,000	new	+0.01 pp	new
GCOGenesco Inc.	0.01%	12,378	$583,000	new	+0.01 pp	new
HABTThe Habit Restaurants, Inc. - Class A	0.01%	46,432	$741,000	added×2.2	+0.01 pp	3 q
JILLJ.Jill, Inc.	0.01%	98,686	$609,000	new	+0.01 pp	new
TBHCThe Brand House Collective, Inc.	0.01%	80,514	$812,000	new	+0.01 pp	new
LBBath & Body Works, Inc.	0.01%	31,326	$950,000	new	+0.01 pp	new
LOWLowe's Companies Inc.	0.01%	5,863	$673,000	trimmed−40%	0.00 pp	3 q
SHOOSteven Madden Ltd	0.01%	12,418	$657,000	trimmed−19%	0.00 pp	2 q
MCDMcDonald's Corporation	0.01%	3,849	$644,000	new	+0.01 pp	new
MEDMedifast, Inc.	0.01%	4,196	$930,000	trimmed−30%	0.00 pp	2 q
MUSAMurphy USA Inc.	0.01%	6,203	$530,000	trimmed−49%	0.00 pp	2 q
JWNNordstrom, Inc.	0.01%	9,185	$550,000	added×3.2	+0.01 pp	3 q
FLWS1-800-FLOWERS.COM Inc	0.01%	55,493	$655,000	new	+0.01 pp	new
RHRh	0.01%	5,978	$783,000	new	+0.01 pp	new
RLRalph Lauren Corporation	0.01%	6,844	$941,000	new	+0.01 pp	new
PRKSUnited Parks & Resorts Inc.	0.01%	30,810	$968,000	new	+0.01 pp	new
SBUXStarbucks Corp	0.01%	11,972	$681,000	added×3.8	+0.01 pp	3 q
TJXTJX Companies, Inc. (The)	0.01%	5,607	$628,000	added+1%	+0.01 pp	3 q
TLRDQTailored Brands Inc	0.01%	33,757	$850,000	new	+0.01 pp	new
TLYSTilly's Inc.	0.01%	44,711	$847,000	new	+0.01 pp	new
WWayfair Inc.	0.01%	3,280	$484,000	trimmed−56%	0.00 pp	2 q
WSMWilliams-Sonoma, Inc.	0.01%	9,786	$643,000	new	+0.01 pp	new
unresolvedMichael Kors Hldgs Ltd	0.01%	11,631	$797,000	trimmed−9%	0.00 pp	3 q
SIGSignet Jewelers Limited	0.01%	14,283	$942,000	added×2.5	+0.01 pp	2 q
unresolvedBarnes & Noble Inc	0.00%	69,599	$403,000	new	0.00 pp	new
BBYBest Buy Company, Inc.	0.00%	3,872	$307,000	trimmed−11%	0.00 pp	3 q
BIGGQBig Lots Inc	0.00%	9,934	$415,000	added+55%	0.00 pp	2 q
BJRIBJ's Restaurants, Inc.	0.00%	5,465	$394,000	added+9%	0.00 pp	3 q
BBWBuild-A-Bear Workshop, Inc.	0.00%	38,066	$345,000	new	0.00 pp	new
CVSCvs Health Corporation	0.00%	2,587	$203,000	new	0.00 pp	new
CATOCato Corp	0.00%	16,093	$339,000	trimmed−50%	−0.01 pp	2 q
CTRNCiti Trends, Inc.	0.00%	16,041	$461,000	added×3.2	0.00 pp	2 q
CONNQConn's Inc	0.00%	6,293	$223,000	new	0.00 pp	new
COSTCostco Wholesale Corp	0.00%	1,249	$293,000	new	0.00 pp	new
DRIDarden Restaurants, Inc.	0.00%	3,054	$339,000	new	0.00 pp	new
DINDine Brands Global, Inc.	0.00%	4,251	$345,000	new	0.00 pp	new
LOCOEl Pollo Loco Holdings, Inc.	0.00%	21,864	$275,000	new	0.00 pp	new
EXPEExpedia Group, Inc.	0.00%	1,866	$243,000	new	0.00 pp	new
unresolvedExpress Inc	0.00%	16,709	$185,000	trimmed−76%	−0.01 pp	3 q
FRANFrancesca's Holdings Corporation	0.00%	68,267	$253,000	added×3.3	0.00 pp	3 q
GU9Guess? Inc	0.00%	17,198	$389,000	new	0.00 pp	new
HB6Hibbett Inc	0.00%	15,338	$289,000	new	0.00 pp	new
KSSKohls Corporation	0.00%	4,331	$322,000	trimmed−66%	−0.01 pp	3 q
LZBLa-Z-Boy Incorporated	0.00%	14,428	$456,000	new	0.00 pp	new
LELands' End, Inc.	0.00%	10,932	$192,000	new	0.00 pp	new
LULUlululemon athletica inc.	0.00%	2,749	$446,000	trimmed−48%	−0.01 pp	3 q
MMacy's Inc.	0.00%	12,672	$440,000	trimmed−20%	−0.01 pp	2 q
MIKMichaels Stores, Inc	0.00%	22,940	$372,000	new	0.00 pp	new
MOVMovado Group, Inc.	0.00%	10,771	$452,000	new	0.00 pp	new
NGVCNatural Grocers By Vitamin Cottage, Inc	0.00%	13,194	$223,000	new	0.00 pp	new
ODPOffice Depot Inc	0.00%	77,646	$249,000	new	0.00 pp	new
PZZAPapa John's International Inc	0.00%	7,392	$379,000	new	0.00 pp	new
JCPJ.C. Penney Company, Inc.	0.00%	154,607	$257,000	new	0.00 pp	new
SBHSally Beauty Holdings, Inc.	0.00%	17,068	$314,000	new	0.00 pp	new
SHOEShoe Station Group, Inc.	0.00%	6,187	$238,000	added×8.1	0.00 pp	2 q
LUVSouthwest Airlines Co.	0.00%	4,983	$311,000	new	0.00 pp	new
TXRHTexas Roadhouse, Inc.	0.00%	3,364	$233,000	trimmed−36%	0.00 pp	3 q
TTSTile Shop Hldgs Inc	0.00%	10,016	$72,000	new	0.00 pp	new
TSCOTractor Supply Co	0.00%	3,698	$336,000	new	0.00 pp	new
TUESTuesday Morning Corp	0.00%	92,479	$296,000	new	0.00 pp	new
VRAVera Bradley, Inc.	0.00%	22,856	$348,000	new	0.00 pp	new
JDJD.com, Inc.	—	−12,640,721	—	exited	−4.14 pp	—
INTCIntel Corp	—	−6,014,056	—	exited	−2.51 pp	—
AXONAxon Enterprise, Inc.	—	−1,241,636	—	exited	−0.66 pp	—
HTTHigh Templar Tech Limited	—	−1,318,512	—	exited	−0.10 pp	—
AEOAmerican Eagle Outfitters	—	−36,159	—	exited	−0.01 pp	—
BKEThe Buckle, Inc.	—	−28,923	—	exited	−0.01 pp	—
CASYCasey's General Stores Inc	—	−7,916	—	exited	−0.01 pp	—
PLCEChildren's Place, Inc.	—	−5,653	—	exited	−0.01 pp	—
CNKCinemark Holdings, Inc.	—	−27,330	—	exited	−0.01 pp	—
DGDollar General Corp.	—	−7,070	—	exited	−0.01 pp	—
GAPThe Gap, Inc.	—	−28,473	—	exited	−0.01 pp	—
NDLSNoodles & Company Class A	—	−76,826	—	exited	−0.01 pp	—
PETSPetMed Express, Inc.	—	−20,309	—	exited	−0.01 pp	—
VSIVitamin Shoppe Inc.	—	−112,967	—	exited	−0.01 pp	—
HLFHerbalife Ltd.	—	−17,595	—	exited	−0.01 pp	—
AAPAdvance Auto Parts Inc	—	−2,026	—	exited	0.00 pp	—
AZOAutoZone, Inc.	—	−237	—	exited	0.00 pp	—
BJBJs Wholesale Club Holdings, Inc.	—	−20,000	—	exited	0.00 pp	—
BBYD20230930-DK-BUTTERFLY-1 Inc	—	−17,514	—	exited	0.00 pp	—
BG3Big 5 Sporting Goods Corp	—	−26,159	—	exited	0.00 pp	—
BVBrightView Holdings, Inc.	—	−5,000	—	exited	0.00 pp	—
EATBrinker International, Inc.	—	−4,893	—	exited	0.00 pp	—
CRCMCare.com, Inc.	—	−3,720	—	exited	0.00 pp	—
CRICarter's Inc.	—	−1,804	—	exited	0.00 pp	—
CHUYChuy's Holdings, Inc.	—	−5,510	—	exited	0.00 pp	—
TCSThe Container Store Group, Inc.	—	−70,297	—	exited	0.00 pp	—
DFRGDel Frisco's Restaurant Group, Inc.	—	−25,916	—	exited	0.00 pp	—
DENNDenny's Corp	—	−2,328	—	exited	0.00 pp	—
DLTHDuluth Holdings Inc. Class B	—	−8,315	—	exited	0.00 pp	—
EVEREverQuote, Inc. Class A	—	−5,000	—	exited	0.00 pp	—
FTSVForty Seven Inc	—	−5,000	—	exited	0.00 pp	—
GNCIQGnc Holdings Inc-cl A	—	−34,425	—	exited	0.00 pp	—
GMEGameStop Corp. Class A	—	−31,970	—	exited	0.00 pp	—
GOGOGogo Inc.	—	−92,951	—	exited	0.00 pp	—
KRThe Kroger Co.	—	−2,090	—	exited	0.00 pp	—
unresolvedLumber Liquidators Hldgs Inc	—	−12,234	—	exited	0.00 pp	—
unresolvedNeon Therapeutics	—	−5,000	—	exited	0.00 pp	—
STIMNeuronetics, Inc.	—	−5,000	—	exited	0.00 pp	—
unresolvedPier 1 Imports, Inc.	—	−161,145	—	exited	0.00 pp	—
SHAKShake Shack Inc.	—	−8,374	—	exited	0.00 pp	—
SSTKShutterstock, Inc.	—	−1,858	—	exited	0.00 pp	—
unresolvedSonic Corp	—	−6,716	—	exited	0.00 pp	—
unresolvedStein Mart Inc Com Stk	—	−143,111	—	exited	0.00 pp	—
TGTTarget Corporation	—	−6,354	—	exited	0.00 pp	—
TIFTiffany & Co.	—	−3,415	—	exited	0.00 pp	—
1T7Tricida Inc	—	−5,000	—	exited	0.00 pp	—
UALUnited Airlines Holdings, Inc.	—	−8,086	—	exited	0.00 pp	—
WMTWalmart Inc.	—	−4,305	—	exited	0.00 pp	—
WTWWillis Towers Watson Public Limited Company	—	−4,264	—	exited	0.00 pp	—
WENThe Wendy's Company	—	−18,060	—	exited	0.00 pp	—
unresolvedSeadrill	—	−1,970,630	—	exited	0.00 pp	—