Coatue

Q4 2018 13F · by Philippe Laffont, founder

As of: Dec 31, 2018
Filed: Feb 14, 2019
US stock: $8.4B · prev $9.5B
Positions: 110 · prev 110
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%

Moves155 since the prior filing

+14.2 pp in · −14.3 pp out

New 47 +6.68 pp
Added 35 +7.51 pp
Trimmed 26 −9.50 pp
Exited 47 −4.80 pp

The book

Concentrated · behaves like 19 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 59% a year, about 1.7 years per position

Low
Moderate
High

Top 5 positions38% of US stock

Positions110 in this filing · 47 exited


BABAAlibaba Group Holding Limited	8.70%	5,348,736	$733M	added+71%	+3.29 pp	10 q
AMZNAmazon.Com Inc	8.32%	466,642	$701M	added+71%	+2.60 pp	23 q
METAMeta Platforms, Inc. Class A	7.21%	4,636,798	$608M	added+10%	−0.03 pp	22 q
MSFTMicrosoft Corp	7.21%	5,985,369	$608M	trimmed−2%	−0.11 pp	5 q
LBRDKLiberty Broadband Corporation Class C	6.88%	8,044,273	$579M	trimmed−7%	−0.76 pp	11 q
AVGOBroadcom Inc.	5.68%	1,883,739	$479M	trimmed−2%	+0.72 pp	3 q
NFLXNetFlix Inc	5.41%	1,704,053	$456M	added0%	−1.24 pp	23 q
AIYActivision Blizzard Inc	4.98%	9,010,449	$420M	added+3%	−2.66 pp	17 q
SPOTSpotify Technology S.A.	4.98%	3,695,289	$419M	added+71%	+0.87 pp	3 q
NOWServicenow, Inc.	4.50%	2,129,852	$379M	added+39%	+1.35 pp	3 q
SHOPShopify Inc. Class A subordinate voting shares	4.05%	2,463,217	$341M	held	—	7 q
PYPLPayPal Holdings, Inc.	3.88%	3,887,376	$327M	trimmed−35%	−1.60 pp	12 q
DATATableau Software, Inc.	3.44%	2,412,405	$289M	added+63%	+1.71 pp	2 q
QCOMQualcomm Inc	2.95%	4,374,283	$249M	trimmed−46%	−3.12 pp	2 q
TWTRTwitter, Inc.	2.90%	8,491,906	$244M	held	—	6 q
PLANAnaplan, Inc.	2.85%	9,064,632	$241M	new	+2.85 pp	new
EAElectronic Arts Inc	2.31%	2,469,805	$195M	added+26%	−0.16 pp	17 q
NVDANvidia Corp	2.22%	1,401,510	$187M	added+26%	−1.05 pp	10 q
ADBEAdobe Inc.	1.97%	733,805	$166M	trimmed−25%	−0.80 pp	6 q
CRMSalesforce, Inc.	1.58%	973,924	$133M	added×7.1	+1.35 pp	2 q
VVISA Inc.	1.55%	988,619	$130M	added×4.4	+1.20 pp	2 q
MAMastercard Incorporated	1.41%	631,444	$119M	new	+1.41 pp	new
AAPLApple Inc.	1.05%	559,643	$88M	trimmed−37%	−1.04 pp	10 q
TWLOTwilio Inc.	1.02%	963,669	$86M	new	+1.02 pp	new
MSIMotorola Solutions, Inc. New	0.91%	665,020	$77M	trimmed−21%	−0.24 pp	2 q
INTUIntuit Inc	0.48%	206,244	$41M	new	+0.48 pp	new
TMETencent Music Entertainment Group	0.39%	2,477,516	$33M	new	+0.39 pp	new
WDAYWorkday, Inc. Class A	0.24%	124,530	$20M	new	+0.24 pp	new
ZZillow Group, Inc. Class C	0.24%	650,000	$21M	added×6.2	+0.19 pp	5 q
VMWVMware, Inc	0.09%	56,049	$8M	trimmed−28%	−0.04 pp	2 q
HTZGQHertz Global Holdings Inc	0.07%	402,745	$5M	trimmed−80%	−0.27 pp	3 q
COUPCoupa Software Incorporated	0.03%	43,249	$3M	new	+0.03 pp	new
unresolvedAtlassian Corp Plc	0.03%	32,305	$3M	new	+0.03 pp	new
MUMicron Technology, Inc.	0.02%	45,386	$1M	trimmed−93%	−0.27 pp	4 q
unresolvedAmc Entmt Hldgs Inc	0.01%	50,746	$623,000	new	+0.01 pp	new
AAPAdvance Auto Parts Inc	0.01%	5,451	$858,000	new	+0.01 pp	new
AZOAutoZone, Inc.	0.01%	725	$608,000	new	+0.01 pp	new
BBYD20230930-DK-BUTTERFLY-1 Inc	0.01%	43,995	$498,000	new	+0.01 pp	new
EATBrinker International, Inc.	0.01%	11,780	$518,000	new	+0.01 pp	new
CVSCvs Health Corporation	0.01%	6,967	$457,000	added×2.7	+0.01 pp	2 q
CRICarter's Inc.	0.01%	8,448	$690,000	new	+0.01 pp	new
unresolvedCedar Fair L P	0.01%	15,695	$742,000	new	+0.01 pp	new
CHSChicos FAS, Inc.	0.01%	142,152	$799,000	new	+0.01 pp	new
CMGChipotle Mexican Grill, Inc.	0.01%	1,296	$559,000	trimmed−99%	−0.74 pp	5 q
CHUYChuy's Holdings, Inc.	0.01%	28,880	$512,000	new	+0.01 pp	new
CNKCinemark Holdings, Inc.	0.01%	21,978	$787,000	new	+0.01 pp	new
CBRLCracker Barrel Old Country Store, Inc,.	0.01%	2,777	$444,000	new	+0.01 pp	new
CROXCrocs, Inc.	0.01%	32,020	$832,000	trimmed−28%	0.00 pp	2 q
DRIDarden Restaurants, Inc.	0.01%	4,456	$445,000	added+46%	+0.01 pp	2 q
PLAYDave & Buster's Entertainment, Inc.	0.01%	11,288	$503,000	trimmed−22%	0.00 pp	3 q
DKSDick's Sporting Goods, Inc.	0.01%	23,833	$744,000	added+45%	0.00 pp	2 q
WOOFoot Locker Inc	0.01%	16,227	$863,000	new	+0.01 pp	new
FOSLFossil Group, Inc.	0.01%	33,974	$534,000	new	+0.01 pp	new
GCOGenesco Inc.	0.01%	10,468	$464,000	trimmed−15%	0.00 pp	2 q
GRPNGroupon, Inc.	0.01%	267,204	$856,000	new	+0.01 pp	new
HABTThe Habit Restaurants, Inc. - Class A	0.01%	45,646	$479,000	trimmed−2%	0.00 pp	4 q
KSSKohls Corporation	0.01%	7,125	$472,000	added+65%	+0.01 pp	4 q
LBBath & Body Works, Inc.	0.01%	33,282	$854,000	added+6%	0.00 pp	2 q
LELands' End, Inc.	0.01%	60,579	$861,000	added×5.5	+0.01 pp	2 q
NKENike, Inc.	0.01%	7,011	$520,000	trimmed−99%	−1.20 pp	2 q
ODPOffice Depot Inc	0.01%	172,601	$446,000	added×2.2	+0.01 pp	2 q
OLLIOllie's Bargain Outlet Holdings, Inc.	0.01%	8,768	$583,000	new	+0.01 pp	new
RLRalph Lauren Corporation	0.01%	8,364	$866,000	added+22%	0.00 pp	2 q
ROSTRoss Stores Inc	0.01%	14,225	$1M	new	+0.01 pp	new
SCHLScholastic Corp	0.01%	11,708	$471,000	new	+0.01 pp	new
SHAKShake Shack Inc.	0.01%	18,006	$817,000	new	+0.01 pp	new
SHOEShoe Station Group, Inc.	0.01%	24,803	$831,000	added×4.0	+0.01 pp	3 q
SFLYShutterfly, Inc.	0.01%	13,907	$560,000	new	+0.01 pp	new
LUVSouthwest Airlines Co.	0.01%	12,531	$582,000	added×2.5	+0.01 pp	2 q
SFMSprouts Farmers Market, Inc.	0.01%	35,713	$839,000	new	+0.01 pp	new
SBUXStarbucks Corp	0.01%	7,379	$475,000	trimmed−38%	0.00 pp	4 q
TJXTJX Companies, Inc. (The)	0.01%	19,123	$856,000	added+71%	0.00 pp	4 q
TLYSTilly's Inc.	0.01%	75,887	$825,000	added+70%	0.00 pp	2 q
TSCOTractor Supply Co	0.01%	9,808	$819,000	added×2.7	+0.01 pp	2 q
ULTAUlta Beauty, Inc.	0.01%	2,527	$618,000	new	+0.01 pp	new
UPSUnited Parcel Service, Inc. Class B	0.01%	5,800	$566,000	new	+0.01 pp	new
VRAVera Bradley, Inc.	0.01%	74,092	$635,000	added×3.2	+0.01 pp	2 q
WSMWilliams-Sonoma, Inc.	0.01%	10,897	$550,000	added+11%	0.00 pp	2 q
WINGWingstop Inc	0.01%	11,501	$738,000	new	+0.01 pp	new
AALAmerican Airlines Group Inc.	0.00%	11,115	$357,000	trimmed−30%	−0.01 pp	2 q
ASNAAscena Retail Group Inc	0.00%	83,399	$210,000	trimmed−42%	−0.01 pp	2 q
CARAvis Budget Group, Inc.	0.00%	18,398	$413,000	new	0.00 pp	new
unresolvedBarnes & Noble Inc	0.00%	10,188	$73,000	trimmed−85%	0.00 pp	2 q
BG3Big 5 Sporting Goods Corp	0.00%	162,709	$421,000	new	0.00 pp	new
BLMNBloomin' Brands, Inc.	0.00%	14,510	$259,000	new	0.00 pp	new
CALCaleres Inc	0.00%	10,549	$294,000	new	0.00 pp	new
CTRNCiti Trends, Inc.	0.00%	10,789	$220,000	trimmed−33%	0.00 pp	3 q
COSTCostco Wholesale Corp	0.00%	1,489	$303,000	added+19%	0.00 pp	2 q
DLTRDollar Tree Inc.	0.00%	4,517	$408,000	new	0.00 pp	new
DNKNDunkin' Brands Group, Inc.	0.00%	4,245	$272,000	new	0.00 pp	new
LOCOEl Pollo Loco Holdings, Inc.	0.00%	23,055	$350,000	added+5%	0.00 pp	2 q
EXPEExpedia Group, Inc.	0.00%	2,381	$268,000	added+28%	0.00 pp	2 q
GNCIQGnc Holdings Inc-cl A	0.00%	109,372	$259,000	new	0.00 pp	new
GOGOGogo Inc.	0.00%	90,992	$272,000	new	0.00 pp	new
GU9Guess? Inc	0.00%	12,138	$252,000	trimmed−29%	0.00 pp	2 q
HB6Hibbett Inc	0.00%	16,495	$235,000	added+8%	0.00 pp	2 q
JAXJ. Alexander's Holdings, Inc.	0.00%	12,242	$101,000	new	0.00 pp	new
LOWLowe's Companies Inc.	0.00%	3,245	$300,000	trimmed−45%	−0.01 pp	4 q
LULUlululemon athletica inc.	0.00%	2,590	$315,000	trimmed−6%	0.00 pp	4 q
NDLSNoodles & Company Class A	0.00%	13,496	$95,000	new	0.00 pp	new
ORLYO'Reilly Automotive, Inc.	0.00%	1,199	$413,000	new	0.00 pp	new
PRTYParty City Holdco Inc.	0.00%	22,370	$223,000	new	0.00 pp	new
JCPJ.C. Penney Company, Inc.	0.00%	14,422	$15,000	trimmed−91%	0.00 pp	2 q
SBHSally Beauty Holdings, Inc.	0.00%	17,761	$303,000	added+4%	0.00 pp	2 q
unresolvedSmart & Final Stores Inc	0.00%	32,775	$156,000	new	0.00 pp	new
SFIXStitch Fix, Inc. Class A	0.00%	14,408	$246,000	new	0.00 pp	new
TXRHTexas Roadhouse, Inc.	0.00%	5,893	$352,000	added+75%	0.00 pp	4 q
TTSTile Shop Hldgs Inc	0.00%	20,620	$113,000	added×2.1	0.00 pp	2 q
UAAUnder Armour, Inc.	0.00%	13,208	$233,000	new	0.00 pp	new
WMKWeis Markets, Inc.	0.00%	4,726	$226,000	new	0.00 pp	new
ROKURoku, Inc. Class A	—	−3,385,800	—	exited	−2.59 pp	—
WDCWestern Digital Corp.	—	−776,822	—	exited	−0.48 pp	—
PDDPDD Holdings Inc.	—	−1,100,000	—	exited	−0.30 pp	—
TALTAL Education Group	—	−842,238	—	exited	−0.23 pp	—
HUYAHUYA Inc.	—	−850,000	—	exited	−0.21 pp	—
DDD3D Systems Corporation	—	−961,067	—	exited	−0.19 pp	—
FITFitbit, Inc. Class A	—	−3,178,570	—	exited	−0.18 pp	—
FWONKLiberty Media Corporation Series C Liberty Formula One	—	−450,600	—	exited	−0.18 pp	—
SSYSStratasys Inc (ISRAEL)	—	−456,847	—	exited	−0.11 pp	—
TERTeradyne, Inc.	—	−183,253	—	exited	−0.07 pp	—
FTRFrontier Communications Corp.	—	−848,516	—	exited	−0.06 pp	—
BOOTBoot Barn Holdings, Inc.	—	−33,302	—	exited	−0.01 pp	—
unresolvedDsw Inc	—	−16,751	—	exited	−0.01 pp	—
DDSDillard's, Inc. Class A	—	−12,188	—	exited	−0.01 pp	—
ELANElanco Animal Health Incorporated	—	−32,500	—	exited	−0.01 pp	—
FRGIFiesta Restaurant Group, Inc.	—	−26,014	—	exited	−0.01 pp	—
FIVEFive Below, Inc.	—	−7,426	—	exited	−0.01 pp	—
JILLJ.Jill, Inc.	—	−98,686	—	exited	−0.01 pp	—
TBHCThe Brand House Collective, Inc.	—	−80,514	—	exited	−0.01 pp	—
SHOOSteven Madden Ltd	—	−18,627	—	exited	−0.01 pp	—
MCDMcDonald's Corporation	—	−3,849	—	exited	−0.01 pp	—
MEDMedifast, Inc.	—	−4,196	—	exited	−0.01 pp	—
MUSAMurphy USA Inc.	—	−6,203	—	exited	−0.01 pp	—
JWNNordstrom, Inc.	—	−9,185	—	exited	−0.01 pp	—
FLWS1-800-FLOWERS.COM Inc	—	−55,493	—	exited	−0.01 pp	—
RHRh	—	−5,978	—	exited	−0.01 pp	—
PRKSUnited Parks & Resorts Inc.	—	−30,810	—	exited	−0.01 pp	—
TLRDQTailored Brands Inc	—	−33,757	—	exited	−0.01 pp	—
WWayfair Inc.	—	−3,280	—	exited	−0.01 pp	—
unresolvedMichael Kors Hldgs Ltd	—	−11,631	—	exited	−0.01 pp	—
SIGSignet Jewelers Limited	—	−14,283	—	exited	−0.01 pp	—
BBYBest Buy Company, Inc.	—	−3,872	—	exited	0.00 pp	—
BIGGQBig Lots Inc	—	−9,934	—	exited	0.00 pp	—
BJRIBJ's Restaurants, Inc.	—	−5,465	—	exited	0.00 pp	—
BBWBuild-A-Bear Workshop, Inc.	—	−38,066	—	exited	0.00 pp	—
CATOCato Corp	—	−16,093	—	exited	0.00 pp	—
CONNQConn's Inc	—	−6,293	—	exited	0.00 pp	—
DINDine Brands Global, Inc.	—	−4,251	—	exited	0.00 pp	—
unresolvedExpress Inc	—	−16,709	—	exited	0.00 pp	—
FRANFrancesca's Holdings Corporation	—	−68,267	—	exited	0.00 pp	—
LZBLa-Z-Boy Incorporated	—	−14,428	—	exited	0.00 pp	—
MMacy's Inc.	—	−12,672	—	exited	0.00 pp	—
MIKMichaels Stores, Inc	—	−22,940	—	exited	0.00 pp	—
MOVMovado Group, Inc.	—	−10,771	—	exited	0.00 pp	—
NGVCNatural Grocers By Vitamin Cottage, Inc	—	−13,194	—	exited	0.00 pp	—
PZZAPapa John's International Inc	—	−7,392	—	exited	0.00 pp	—
TUESTuesday Morning Corp	—	−92,479	—	exited	0.00 pp	—