Coatue

Q1 2019 13F · by Philippe Laffont, founder

As of: Mar 31, 2019
Filed: May 15, 2019
US stock: $9.0B · prev $8.4B
Positions: 116 · 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%

Moves147 since the prior filing

+23.3 pp in · −24.8 pp out

New 39 +1.17 pp
Added 38 +22.14 pp
Trimmed 37 −12.66 pp
Exited 33 −12.11 pp

The book

Concentrated · behaves like 19 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 81% a year, about 1.2 years per position

Low
Moderate
High

Top 5 positions36% of US stock

LBRDK Liberty Broadband Corporation Class C held held8.2%
NOW Servicenow, Inc. added+2.92 pp added+2.927.4%
AMZN Amazon.Com Inc trimmed−1.30 pp trimmed−1.307.0%
META Meta Platforms, Inc. Class A trimmed−0.20 pp trimmed−0.207.0%
NFLX NetFlix Inc trimmed+1.26 pp trimmed+1.266.7%

Positions116 in this filing · 33 exited


LBRDKLiberty Broadband Corporation Class C	8.17%	8,044,273	$738M	held	—	12 q
NOWServicenow, Inc.	7.42%	2,718,105	$670M	added+28%	+2.92 pp	4 q
AMZNAmazon.Com Inc	7.02%	355,996	$634M	trimmed−24%	−1.30 pp	24 q
METAMeta Platforms, Inc. Class A	7.01%	3,800,587	$634M	trimmed−18%	−0.20 pp	23 q
NFLXNetFlix Inc	6.67%	1,690,391	$603M	trimmed−1%	+1.26 pp	24 q
BABAAlibaba Group Holding Limited	6.29%	3,113,408	$568M	trimmed−42%	−2.41 pp	11 q
ADBEAdobe Inc.	6.15%	2,085,520	$556M	added×2.8	+4.18 pp	7 q
MAMastercard Incorporated	5.50%	2,110,825	$497M	added×3.3	+4.09 pp	2 q
MSFTMicrosoft Corp	5.32%	4,076,703	$481M	trimmed−32%	−1.89 pp	6 q
VVISA Inc.	4.23%	2,446,656	$382M	added×2.5	+2.68 pp	3 q
PLANAnaplan, Inc.	3.95%	9,056,497	$356M	trimmed−0%	+1.10 pp	2 q
PYPLPayPal Holdings, Inc.	3.75%	3,264,502	$339M	trimmed−16%	−0.13 pp	13 q
DATATableau Software, Inc.	3.48%	2,468,949	$314M	added+2%	+0.04 pp	3 q
CRMSalesforce, Inc.	3.36%	1,917,665	$304M	added+97%	+1.78 pp	3 q
INTUIntuit Inc	3.24%	1,119,583	$293M	added×5.4	+2.76 pp	2 q
AIYActivision Blizzard Inc	3.19%	6,335,082	$288M	trimmed−30%	−1.79 pp	18 q
NVDANvidia Corp	3.18%	1,598,908	$287M	added+14%	+0.96 pp	11 q
AVGOBroadcom Inc.	2.38%	715,496	$215M	trimmed−62%	−3.30 pp	4 q
EAElectronic Arts Inc	1.95%	1,731,910	$176M	trimmed−30%	−0.36 pp	18 q
TWLOTwilio Inc.	1.91%	1,336,488	$173M	added+39%	+0.89 pp	2 q
MUMicron Technology, Inc.	1.75%	3,828,296	$158M	added×84.3	+1.73 pp	5 q
SHOPShopify Inc. Class A subordinate voting shares	1.24%	542,185	$112M	trimmed−78%	−2.81 pp	8 q
TMETencent Music Entertainment Group	0.50%	2,477,516	$45M	held	—	2 q
MNKMallinckrodt PLC	0.32%	1,320,769	$29M	new	+0.32 pp	new
OKTAOkta, Inc. Class A	0.28%	303,667	$25M	new	+0.28 pp	new
WDAYWorkday, Inc. Class A	0.25%	115,988	$22M	trimmed−7%	+0.01 pp	2 q
ZZillow Group, Inc. Class C	0.25%	644,709	$22M	trimmed−1%	+0.01 pp	6 q
MSIMotorola Solutions, Inc. New	0.24%	152,900	$21M	trimmed−77%	−0.67 pp	3 q
FITFitbit, Inc. Class A	0.21%	3,178,570	$19M	new	+0.21 pp	new
DDD3D Systems Corporation	0.11%	961,067	$10M	new	+0.11 pp	new
SSYSStratasys Inc (ISRAEL)	0.06%	215,702	$5M	new	+0.06 pp	new
COUPCoupa Software Incorporated	0.05%	51,753	$5M	added+20%	+0.02 pp	2 q
unresolvedAtlassian Corp Plc	0.04%	30,089	$3M	trimmed−7%	+0.01 pp	2 q
TCSThe Container Store Group, Inc.	0.02%	154,459	$1M	new	+0.02 pp	new
FTRFrontier Communications Corp.	0.02%	848,516	$2M	new	+0.02 pp	new
IQiQIYI, Inc.	0.02%	66,321	$2M	new	+0.02 pp	new
ANFAbercrombie & Fitch Co.	0.01%	42,520	$1M	new	+0.01 pp	new
AALAmerican Airlines Group Inc.	0.01%	31,415	$997,000	added×2.8	+0.01 pp	3 q
AZOAutoZone, Inc.	0.01%	533	$545,000	trimmed−26%	0.00 pp	2 q
unresolvedBarnes & Noble Inc	0.01%	132,615	$721,000	added×13.0	+0.01 pp	3 q
BBYBest Buy Company, Inc.	0.01%	9,481	$674,000	new	+0.01 pp	new
BG3Big 5 Sporting Goods Corp	0.01%	285,645	$909,000	added+76%	+0.01 pp	2 q
BOOTBoot Barn Holdings, Inc.	0.01%	39,415	$1M	new	+0.01 pp	new
unresolvedCedar Fair L P	0.01%	13,269	$698,000	trimmed−15%	0.00 pp	2 q
CAKECheesecake Factory (The)	0.01%	10,788	$528,000	new	+0.01 pp	new
CMGChipotle Mexican Grill, Inc.	0.01%	1,192	$846,000	trimmed−8%	0.00 pp	6 q
CROXCrocs, Inc.	0.01%	31,641	$815,000	trimmed−1%	0.00 pp	3 q
DLTRDollar Tree Inc.	0.01%	5,713	$600,000	added+26%	+0.01 pp	2 q
DNKNDunkin' Brands Group, Inc.	0.01%	7,564	$568,000	added+78%	+0.01 pp	2 q
LOCOEl Pollo Loco Holdings, Inc.	0.01%	37,665	$490,000	added+63%	+0.01 pp	3 q
unresolvedExpress Inc	0.01%	268,138	$1M	new	+0.01 pp	new
FIVEFive Below, Inc.	0.01%	4,376	$543,000	new	+0.01 pp	new
FNDFloor & Decor Holdings, Inc.	0.01%	11,329	$467,000	new	+0.01 pp	new
FOSLFossil Group, Inc.	0.01%	71,622	$983,000	added×2.1	0.00 pp	2 q
GNCIQGnc Holdings Inc-cl A	0.01%	180,498	$493,000	added+65%	+0.01 pp	2 q
GCOGenesco Inc.	0.01%	12,574	$573,000	added+20%	0.00 pp	3 q
GRPNGroupon, Inc.	0.01%	317,354	$1M	added+19%	0.00 pp	2 q
GU9Guess? Inc	0.01%	43,699	$857,000	added×3.6	+0.01 pp	3 q
HB6Hibbett Inc	0.01%	43,640	$995,000	added×2.6	+0.01 pp	3 q
LBBath & Body Works, Inc.	0.01%	39,586	$1M	added+19%	0.00 pp	3 q
LELands' End, Inc.	0.01%	55,677	$925,000	trimmed−8%	0.00 pp	3 q
MMacy's Inc.	0.01%	30,174	$725,000	new	+0.01 pp	new
ORLYO'Reilly Automotive, Inc.	0.01%	1,412	$548,000	added+18%	+0.01 pp	2 q
FLWS1-800-FLOWERS.COM Inc	0.01%	60,299	$1M	new	+0.01 pp	new
OXMOxford Industries, Inc.	0.01%	7,017	$528,000	new	+0.01 pp	new
PZZAPapa John's International Inc	0.01%	15,085	$799,000	new	+0.01 pp	new
RLRalph Lauren Corporation	0.01%	6,945	$901,000	trimmed−17%	0.00 pp	3 q
SHOEShoe Station Group, Inc.	0.01%	26,453	$901,000	added+7%	0.00 pp	4 q
SFLYShutterfly, Inc.	0.01%	26,619	$1M	added+91%	0.00 pp	2 q
TJXTJX Companies, Inc. (The)	0.01%	20,701	$1M	added+8%	0.00 pp	5 q
ULTAUlta Beauty, Inc.	0.01%	2,651	$925,000	added+5%	0.00 pp	2 q
UPSUnited Parcel Service, Inc. Class B	0.01%	6,859	$766,000	added+18%	0.00 pp	2 q
VRAVera Bradley, Inc.	0.01%	85,357	$1M	added+15%	0.00 pp	3 q
WSMWilliams-Sonoma, Inc.	0.01%	13,989	$787,000	added+28%	0.00 pp	3 q
WINGWingstop Inc	0.01%	10,133	$771,000	trimmed−12%	0.00 pp	2 q
CPRICapri Holdings Limited	0.01%	11,966	$547,000	new	+0.01 pp	new
HLFHerbalife Ltd.	0.01%	12,304	$652,000	new	+0.01 pp	new
unresolvedAmc Entmt Hldgs Inc	0.00%	17,918	$266,000	trimmed−65%	−0.01 pp	2 q
AEOAmerican Eagle Outfitters	0.00%	9,709	$216,000	new	0.00 pp	new
BUDAnheuser-Busch INBEV SA/NV	0.00%	2,699	$227,000	new	0.00 pp	new
ASNAAscena Retail Group Inc	0.00%	28,549	$31,000	trimmed−66%	0.00 pp	3 q
CARAvis Budget Group, Inc.	0.00%	5,837	$203,000	trimmed−68%	0.00 pp	2 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.00%	26,282	$446,000	trimmed−40%	−0.01 pp	2 q
BJRIBJ's Restaurants, Inc.	0.00%	8,235	$389,000	new	0.00 pp	new
EATBrinker International, Inc.	0.00%	6,484	$288,000	trimmed−45%	−0.01 pp	2 q
BF.BBrown-Forman Corporation Class B	0.00%	4,783	$253,000	new	0.00 pp	new
CVSCvs Health Corporation	0.00%	7,445	$401,000	added+7%	−0.01 pp	3 q
CHSChicos FAS, Inc.	0.00%	32,033	$136,000	trimmed−77%	−0.01 pp	2 q
CNKCinemark Holdings, Inc.	0.00%	8,539	$341,000	trimmed−61%	−0.01 pp	2 q
COSTCostco Wholesale Corp	0.00%	1,534	$372,000	added+3%	0.00 pp	3 q
DDSDillard's, Inc. Class A	0.00%	4,996	$359,000	new	0.00 pp	new
DINDine Brands Global, Inc.	0.00%	3,248	$296,000	new	0.00 pp	new
DGDollar General Corp.	0.00%	1,843	$220,000	new	0.00 pp	new
ELFe.l.f. Beauty, Inc.	0.00%	11,157	$119,000	new	0.00 pp	new
FRPTFreshpet, Inc.	0.00%	6,056	$256,000	new	0.00 pp	new
HABTThe Habit Restaurants, Inc. - Class A	0.00%	27,707	$300,000	trimmed−39%	−0.01 pp	5 q
HTZGQHertz Global Holdings Inc	0.00%	21,135	$367,000	trimmed−95%	−0.07 pp	4 q
JBLUJetBlue Airways Corp	0.00%	11,198	$183,000	new	0.00 pp	new
TBHCThe Brand House Collective, Inc.	0.00%	13,224	$93,000	new	0.00 pp	new
ELThe Estee Lauder Companies Inc. Class A	0.00%	1,409	$233,000	new	0.00 pp	new
MEDMedifast, Inc.	0.00%	2,799	$357,000	new	0.00 pp	new
MDLZMondelez International, Inc. Class A	0.00%	4,632	$231,000	new	0.00 pp	new
NKENike, Inc.	0.00%	4,676	$394,000	trimmed−33%	−0.01 pp	3 q
NDLSNoodles & Company Class A	0.00%	17,308	$117,000	added+28%	0.00 pp	2 q
ODPOffice Depot Inc	0.00%	15,679	$57,000	trimmed−91%	−0.01 pp	3 q
PRTYParty City Holdco Inc.	0.00%	27,883	$221,000	added+25%	0.00 pp	2 q
PGProcter & Gamble Company	0.00%	2,441	$254,000	new	0.00 pp	new
ROSTRoss Stores Inc	0.00%	4,436	$413,000	trimmed−69%	−0.01 pp	2 q
FEZState Street SPDR EURO STOXX 50 ETF	0.00%	9,356	$342,000	new	0.00 pp	new
SCHLScholastic Corp	0.00%	6,555	$261,000	trimmed−44%	−0.01 pp	2 q
SHAKShake Shack Inc.	0.00%	6,564	$388,000	trimmed−64%	−0.01 pp	2 q
unresolvedSmart & Final Stores Inc	0.00%	59,099	$292,000	added+80%	0.00 pp	2 q
SPWHSportsman's Warehouse Holdings, Inc.	0.00%	74,450	$357,000	new	0.00 pp	new
SBUXStarbucks Corp	0.00%	4,152	$308,000	trimmed−44%	−0.01 pp	5 q
WMKWeis Markets, Inc.	0.00%	7,204	$294,000	added+52%	0.00 pp	2 q
WENThe Wendy's Company	0.00%	18,143	$325,000	new	0.00 pp	new
SPOTSpotify Technology S.A.	—	−3,695,289	—	exited	−4.98 pp	—
QCOMQualcomm Inc	—	−4,374,283	—	exited	−2.95 pp	—
TWTRTwitter, Inc.	—	−8,491,906	—	exited	−2.90 pp	—
AAPLApple Inc.	—	−559,643	—	exited	−1.05 pp	—
VMWVMware, Inc	—	−56,049	—	exited	−0.09 pp	—
AAPAdvance Auto Parts Inc	—	−5,451	—	exited	−0.01 pp	—
CRICarter's Inc.	—	−8,448	—	exited	−0.01 pp	—
CHUYChuy's Holdings, Inc.	—	−28,880	—	exited	−0.01 pp	—
CBRLCracker Barrel Old Country Store, Inc,.	—	−2,777	—	exited	−0.01 pp	—
DRIDarden Restaurants, Inc.	—	−4,456	—	exited	−0.01 pp	—
PLAYDave & Buster's Entertainment, Inc.	—	−11,288	—	exited	−0.01 pp	—
DKSDick's Sporting Goods, Inc.	—	−23,833	—	exited	−0.01 pp	—
WOOFoot Locker Inc	—	−16,227	—	exited	−0.01 pp	—
KSSKohls Corporation	—	−7,125	—	exited	−0.01 pp	—
OLLIOllie's Bargain Outlet Holdings, Inc.	—	−8,768	—	exited	−0.01 pp	—
LUVSouthwest Airlines Co.	—	−12,531	—	exited	−0.01 pp	—
SFMSprouts Farmers Market, Inc.	—	−35,713	—	exited	−0.01 pp	—
TLYSTilly's Inc.	—	−75,887	—	exited	−0.01 pp	—
TSCOTractor Supply Co	—	−9,808	—	exited	−0.01 pp	—
BLMNBloomin' Brands, Inc.	—	−14,510	—	exited	0.00 pp	—
CALCaleres Inc	—	−10,549	—	exited	0.00 pp	—
CTRNCiti Trends, Inc.	—	−10,789	—	exited	0.00 pp	—
EXPEExpedia Group, Inc.	—	−2,381	—	exited	0.00 pp	—
GOGOGogo Inc.	—	−90,992	—	exited	0.00 pp	—
JAXJ. Alexander's Holdings, Inc.	—	−12,242	—	exited	0.00 pp	—
LOWLowe's Companies Inc.	—	−3,245	—	exited	0.00 pp	—
LULUlululemon athletica inc.	—	−2,590	—	exited	0.00 pp	—
JCPJ.C. Penney Company, Inc.	—	−14,422	—	exited	0.00 pp	—
SBHSally Beauty Holdings, Inc.	—	−17,761	—	exited	0.00 pp	—
SFIXStitch Fix, Inc. Class A	—	−14,408	—	exited	0.00 pp	—
TXRHTexas Roadhouse, Inc.	—	−5,893	—	exited	0.00 pp	—
TTSTile Shop Hldgs Inc	—	−20,620	—	exited	0.00 pp	—
UAAUnder Armour, Inc.	—	−13,208	—	exited	0.00 pp	—