Coatue

Q2 2019 13F · by Philippe Laffont, founder

As of: Jun 30, 2019
Filed: Aug 14, 2019
US stock: $11.8B · prev $9.0B
Positions: 164 · prev 116
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%

Moves194 since the prior filing

+19.8 pp in · −15.8 pp out

New 90 +19.20 pp
Added 39 +0.58 pp
Trimmed 23 −13.79 pp
Exited 42 −2.02 pp

The book

Focused · behaves like 25 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 35% a year, about 2.8 years per position

Low
Moderate
High

Top 5 positions31% of US stock

LBRDK Liberty Broadband Corporation Class C held held7.1%
NOW Servicenow, Inc. added−1.05 pp added−1.056.4%
META Meta Platforms, Inc. Class A trimmed−1.02 pp trimmed−1.026.0%
MSFT Microsoft Corp added+0.61 pp added+0.615.9%
NFLX NetFlix Inc held held5.3%

Positions164 in this filing · 42 exited


LBRDKLiberty Broadband Corporation Class C	7.09%	8,044,273	$838M	held	—	13 q
NOWServicenow, Inc.	6.37%	2,743,722	$753M	added+1%	−1.05 pp	5 q
METAMeta Platforms, Inc. Class A	5.99%	3,668,030	$708M	trimmed−3%	−1.02 pp	24 q
MSFTMicrosoft Corp	5.93%	5,234,529	$701M	added+28%	+0.61 pp	7 q
NFLXNetFlix Inc	5.25%	1,690,391	$621M	held	—	25 q
PLANAnaplan, Inc.	5.17%	12,110,110	$611M	added+34%	+1.22 pp	3 q
ADBEAdobe Inc.	5.14%	2,062,126	$608M	trimmed−1%	−1.01 pp	8 q
MAMastercard Incorporated	4.72%	2,110,825	$558M	held	—	3 q
BABAAlibaba Group Holding Limited	4.52%	3,155,011	$535M	added+1%	−1.77 pp	12 q
AMZNAmazon.Com Inc	4.34%	271,083	$513M	trimmed−24%	−2.68 pp	25 q
UBERUber Technologies, Inc.	4.10%	10,459,110	$485M	new	+4.10 pp	new
VVISA Inc.	3.68%	2,509,981	$436M	added+3%	−0.55 pp	4 q
PYPLPayPal Holdings, Inc.	3.18%	3,285,462	$376M	added+1%	−0.57 pp	14 q
INTUIntuit Inc	2.83%	1,280,083	$335M	added+14%	−0.41 pp	3 q
XYZBlock, Inc.	2.70%	4,403,521	$319M	new	+2.70 pp	new
ISRGIntuitive Surgical Inc.	2.56%	576,652	$302M	new	+2.56 pp	new
GPNGlobal Payments, Inc.	2.51%	1,855,215	$297M	new	+2.51 pp	new
MSIMotorola Solutions, Inc. New	2.41%	1,712,277	$285M	added×11.2	+2.17 pp	4 q
AIYActivision Blizzard Inc	2.36%	5,906,786	$279M	trimmed−7%	−0.83 pp	19 q
CRMSalesforce, Inc.	2.31%	1,803,504	$274M	trimmed−6%	−1.05 pp	4 q
TWLOTwilio Inc.	1.88%	1,632,823	$223M	added+22%	−0.03 pp	3 q
NTESNetEase, inc.	1.77%	819,287	$210M	new	+1.77 pp	new
AVGOBroadcom Inc.	1.74%	715,496	$206M	held	—	5 q
EAElectronic Arts Inc	1.42%	1,652,453	$167M	trimmed−5%	−0.53 pp	19 q
SHOPShopify Inc. Class A subordinate voting shares	1.38%	542,185	$163M	held	—	9 q
OKTAOkta, Inc. Class A	1.06%	1,014,699	$125M	added×3.3	+0.78 pp	2 q
ZMZoom Communications, Inc. Class A	0.93%	1,235,238	$110M	new	+0.93 pp	new
GHGuardant Health, Inc.	0.87%	1,195,996	$103M	new	+0.87 pp	new
SMARSmartsheet Inc.	0.84%	2,053,385	$99M	new	+0.84 pp	new
DATATableau Software, Inc.	0.57%	406,300	$67M	trimmed−84%	−2.91 pp	4 q
GDOTGreen Dot Corporation	0.52%	1,251,295	$61M	new	+0.52 pp	new
TWTradeweb Markets Inc. Class A	0.44%	1,176,008	$52M	new	+0.44 pp	new
STNEStoneCo Ltd. Class A	0.29%	1,171,326	$35M	new	+0.29 pp	new
ZZillow Group, Inc. Class C	0.25%	644,709	$30M	held	—	7 q
WORKSlack Technologies, Inc.	0.24%	752,572	$28M	new	+0.24 pp	new
NVDANvidia Corp	0.22%	161,612	$27M	trimmed−90%	−2.96 pp	12 q
WIXWIX.com Ltd.	0.21%	177,904	$25M	new	+0.21 pp	new
GWREGuidewire Software, Inc.	0.20%	229,630	$23M	new	+0.20 pp	new
WDAYWorkday, Inc. Class A	0.20%	115,988	$24M	held	—	3 q
BRFSNBrf Sa-adr	0.17%	2,643,071	$20M	new	+0.17 pp	new
FITFitbit, Inc. Class A	0.12%	3,178,570	$14M	held	—	2 q
LKNCYLuckin Coffee Inc SP/	0.08%	514,823	$10M	new	+0.08 pp	new
SESea Limited	0.08%	276,100	$9M	new	+0.08 pp	new
DDD3D Systems Corporation	0.07%	961,067	$9M	held	—	2 q
MNKMallinckrodt PLC	0.06%	771,193	$7M	trimmed−42%	−0.26 pp	2 q
SSYSStratasys Inc (ISRAEL)	0.05%	215,702	$6M	held	—	2 q
unresolvedAtlassian Corp Plc	0.03%	30,089	$4M	held	—	3 q
ANFAbercrombie & Fitch Co.	0.02%	120,930	$2M	added×2.8	+0.01 pp	2 q
BURLBurlington Stores, Inc.	0.02%	14,382	$2M	new	+0.02 pp	new
CVSCvs Health Corporation	0.02%	35,125	$2M	added×4.7	+0.02 pp	4 q
CHUYChuy's Holdings, Inc.	0.02%	102,328	$2M	new	+0.02 pp	new
CBRLCracker Barrel Old Country Store, Inc,.	0.02%	13,263	$2M	new	+0.02 pp	new
TACOBerto Acquisition Corp.	0.02%	155,869	$2M	new	+0.02 pp	new
DENNDenny's Corp	0.02%	94,615	$2M	new	+0.02 pp	new
DKSDick's Sporting Goods, Inc.	0.02%	73,212	$3M	new	+0.02 pp	new
FNDFloor & Decor Holdings, Inc.	0.02%	58,481	$2M	added×5.2	+0.01 pp	2 q
HTZGQHertz Global Holdings Inc	0.02%	160,000	$3M	added×7.6	+0.02 pp	5 q
HTZ-REURHertz Global Holdings-rts	0.02%	1,008,786	$2M	new	+0.02 pp	new
LZBLa-Z-Boy Incorporated	0.02%	63,437	$2M	new	+0.02 pp	new
MIKMichaels Stores, Inc	0.02%	296,275	$3M	new	+0.02 pp	new
MUSAMurphy USA Inc.	0.02%	30,575	$3M	new	+0.02 pp	new
OXMOxford Industries, Inc.	0.02%	23,829	$2M	added×3.4	+0.01 pp	2 q
unresolvedQurate Retail Inc	0.02%	145,834	$2M	new	+0.02 pp	new
RRGBRed Robin Gourmet Burgers Inc	0.02%	82,174	$3M	new	+0.02 pp	new
ROSTRoss Stores Inc	0.02%	23,995	$2M	added×5.4	+0.02 pp	3 q
PRKSUnited Parks & Resorts Inc.	0.02%	64,407	$2M	new	+0.02 pp	new
SKAASkechers USA Inc-cl A	0.02%	71,956	$2M	new	+0.02 pp	new
TLRDQTailored Brands Inc	0.02%	364,843	$2M	new	+0.02 pp	new
TMETencent Music Entertainment Group	0.02%	192,217	$3M	trimmed−92%	−0.48 pp	3 q
UAAUnder Armour, Inc.	0.02%	72,223	$2M	new	+0.02 pp	new
WMTWalmart Inc.	0.02%	16,865	$2M	new	+0.02 pp	new
WWayfair Inc.	0.02%	13,268	$2M	new	+0.02 pp	new
WSMWilliams-Sonoma, Inc.	0.02%	41,729	$3M	added×3.0	+0.01 pp	4 q
WINGWingstop Inc	0.02%	28,235	$3M	added×2.8	+0.01 pp	3 q
unresolvedAmc Entmt Hldgs Inc	0.01%	122,255	$1M	added×6.8	+0.01 pp	3 q
AALAmerican Airlines Group Inc.	0.01%	18,493	$603,000	trimmed−41%	0.00 pp	4 q
BBYBest Buy Company, Inc.	0.01%	13,292	$927,000	added+40%	0.00 pp	2 q
BIGGQBig Lots Inc	0.01%	32,140	$920,000	new	+0.01 pp	new
BOOTBoot Barn Holdings, Inc.	0.01%	28,108	$1M	trimmed−29%	0.00 pp	2 q
SAMBoston Beer Company	0.01%	4,243	$2M	new	+0.01 pp	new
CALCaleres Inc	0.01%	36,120	$720,000	new	+0.01 pp	new
CPBThe Campbell's Company	0.01%	23,975	$961,000	new	+0.01 pp	new
CRICarter's Inc.	0.01%	15,508	$2M	new	+0.01 pp	new
CENTACentral Garden & Pet Company	0.01%	31,411	$774,000	new	+0.01 pp	new
CNKCinemark Holdings, Inc.	0.01%	30,707	$1M	added×3.6	+0.01 pp	3 q
CLXClorox Company	0.01%	5,897	$903,000	new	+0.01 pp	new
STZConstellation Brands, Inc.	0.01%	7,016	$1M	new	+0.01 pp	new
DRIDarden Restaurants, Inc.	0.01%	8,705	$1M	new	+0.01 pp	new
DINDine Brands Global, Inc.	0.01%	8,074	$771,000	added×2.5	+0.01 pp	2 q
DLTRDollar Tree Inc.	0.01%	6,527	$701,000	added+14%	0.00 pp	3 q
DNKNDunkin' Brands Group, Inc.	0.01%	7,918	$631,000	added+5%	0.00 pp	3 q
FDXFedEx Corporation	0.01%	9,402	$2M	new	+0.01 pp	new
FRGIFiesta Restaurant Group, Inc.	0.01%	78,570	$1M	new	+0.01 pp	new
WOOFoot Locker Inc	0.01%	31,229	$1M	new	+0.01 pp	new
FTRFrontier Communications Corp.	0.01%	848,516	$1M	held	—	2 q
GISGeneral Mills, Inc.	0.01%	26,753	$1M	new	+0.01 pp	new
GCOGenesco Inc.	0.01%	34,049	$1M	added×2.7	0.00 pp	4 q
HAINHain Celestial Group Inc	0.01%	41,529	$909,000	new	+0.01 pp	new
HB6Hibbett Inc	0.01%	40,771	$742,000	trimmed−7%	0.00 pp	4 q
TWNKHostess Brands, Inc. Class A	0.01%	96,432	$1M	new	+0.01 pp	new
EWHiShares MSCI Hong Kong ETF	0.01%	37,574	$972,000	new	+0.01 pp	new
EWUiShares MSCI United Kingdom ETF	0.01%	31,259	$1M	new	+0.01 pp	new
JACKJack in the Box Inc.	0.01%	12,619	$1M	new	+0.01 pp	new
JBLUJetBlue Airways Corp	0.01%	44,164	$817,000	added×3.9	+0.01 pp	2 q
KDPKeurig Dr Pepper Inc.	0.01%	32,081	$927,000	new	+0.01 pp	new
KMBKimberly-Clark Corp.	0.01%	4,875	$650,000	new	+0.01 pp	new
LOWLowe's Companies Inc.	0.01%	10,189	$1M	new	+0.01 pp	new
MKCMcCormick & Company, Incorporated Non-VTG CS	0.01%	3,837	$595,000	new	+0.01 pp	new
MDLZMondelez International, Inc. Class A	0.01%	23,192	$1M	added×5.0	+0.01 pp	2 q
NYTNew York Times Co.	0.01%	24,041	$784,000	new	+0.01 pp	new
ODPOffice Depot Inc	0.01%	627,099	$1M	added×40.0	+0.01 pp	4 q
PVHPVH Corp.	0.01%	6,885	$652,000	new	+0.01 pp	new
PEPPepsiCo, Inc.	0.01%	10,085	$1M	new	+0.01 pp	new
PETQPetIQ, Inc. Class A	0.01%	45,544	$2M	new	+0.01 pp	new
PBHPrestige Consumer Healthcare Inc.	0.01%	22,530	$714,000	new	+0.01 pp	new
RLRalph Lauren Corporation	0.01%	15,124	$2M	added×2.2	0.00 pp	4 q
SMPLThe Simply Good Foods Company	0.01%	55,957	$1M	new	+0.01 pp	new
SIX1Six Flags Entertainment Corp.	0.01%	15,964	$793,000	new	+0.01 pp	new
TJXTJX Companies, Inc. (The)	0.01%	24,657	$1M	added+19%	0.00 pp	6 q
TXRHTexas Roadhouse, Inc.	0.01%	11,210	$602,000	new	+0.01 pp	new
TSNTyson Foods, Inc.	0.01%	13,316	$1M	new	+0.01 pp	new
ULTAUlta Beauty, Inc.	0.01%	3,693	$1M	added+39%	0.00 pp	3 q
UPSUnited Parcel Service, Inc. Class B	0.01%	8,753	$904,000	added+28%	0.00 pp	3 q
VRAVera Bradley, Inc.	0.01%	72,945	$875,000	trimmed−15%	0.00 pp	4 q
WMKWeis Markets, Inc.	0.01%	20,030	$729,000	added×2.8	+0.01 pp	3 q
ZUMZZumiez Inc.	0.01%	45,656	$1M	new	+0.01 pp	new
SIGSignet Jewelers Limited	0.01%	48,090	$860,000	new	+0.01 pp	new
BF.BBrown-Forman Corporation Class B	0.00%	5,876	$326,000	added+23%	0.00 pp	2 q
CMCMCheetah Mobile Inc.	0.00%	13,127	$47,000	new	0.00 pp	new
CHSChicos FAS, Inc.	0.00%	115,542	$389,000	added×3.6	0.00 pp	3 q
CMGChipotle Mexican Grill, Inc.	0.00%	585	$429,000	trimmed−51%	−0.01 pp	7 q
CHDChurch & Dwight Co., Inc.	0.00%	4,656	$340,000	new	0.00 pp	new
CAGConagra Brands, Inc.	0.00%	20,272	$538,000	new	0.00 pp	new
COSTCostco Wholesale Corp	0.00%	1,084	$286,000	trimmed−29%	0.00 pp	4 q
unresolvedCraft Brew Alliance Inc	0.00%	25,099	$351,000	new	0.00 pp	new
DDSDillard's, Inc. Class A	0.00%	5,644	$352,000	added+13%	0.00 pp	2 q
EPCEdgewell Personal Care Company	0.00%	17,082	$460,000	new	0.00 pp	new
FOSLFossil Group, Inc.	0.00%	13,608	$156,000	trimmed−81%	−0.01 pp	3 q
FRPTFreshpet, Inc.	0.00%	12,646	$576,000	added×2.1	0.00 pp	2 q
GLUUGlu Mobile Inc.	0.00%	49,673	$357,000	new	0.00 pp	new
GOGOGogo Inc.	0.00%	11,057	$44,000	new	0.00 pp	new
unresolvedGrubhub Inc	0.00%	6,048	$472,000	new	0.00 pp	new
IPARInterparfums, Inc.	0.00%	8,183	$544,000	new	0.00 pp	new
EWAiShares MSCI Australia ETF	0.00%	24,022	$541,000	new	0.00 pp	new
KELKellanova	0.00%	10,039	$538,000	new	0.00 pp	new
LBBath & Body Works, Inc.	0.00%	17,001	$444,000	trimmed−57%	−0.01 pp	4 q
LULUlululemon athletica inc.	0.00%	2,599	$468,000	new	0.00 pp	new
unresolvedLumber Liquidators Hldgs Inc	0.00%	46,632	$539,000	new	0.00 pp	new
MMacy's Inc.	0.00%	23,246	$499,000	trimmed−23%	−0.01 pp	2 q
MNSTMonster Beverage Corporation	0.00%	5,711	$365,000	new	0.00 pp	new
PZZAPapa John's International Inc	0.00%	12,037	$538,000	trimmed−20%	−0.01 pp	2 q
PGProcter & Gamble Company	0.00%	4,869	$534,000	added+99%	0.00 pp	2 q
REVRevlon, Inc.	0.00%	10,470	$202,000	new	0.00 pp	new
FEZState Street SPDR EURO STOXX 50 ETF	0.00%	7,587	$291,000	trimmed−19%	0.00 pp	2 q
SMGThe Scotts Miracle-Gro Company	0.00%	5,923	$583,000	new	0.00 pp	new
SHAKShake Shack Inc.	0.00%	7,391	$534,000	added+13%	0.00 pp	3 q
SSTKShutterstock, Inc.	0.00%	9,133	$358,000	new	0.00 pp	new
SAVEQSpirit Airlines, Inc.	0.00%	8,501	$406,000	new	0.00 pp	new
SPWHSportsman's Warehouse Holdings, Inc.	0.00%	33,909	$128,000	trimmed−54%	0.00 pp	2 q
TPRTapestry, Inc.	0.00%	10,396	$330,000	new	0.00 pp	new
TPBTurning Point Brands, Inc.	0.00%	11,822	$579,000	new	0.00 pp	new
ZNGAZynga Inc. Cl A	0.00%	91,255	$559,000	new	0.00 pp	new
HELEHelen Of Troy Ltd	0.00%	4,008	$523,000	new	0.00 pp	new
HLFHerbalife Ltd.	0.00%	10,792	$461,000	trimmed−12%	−0.01 pp	2 q
MUMicron Technology, Inc.	—	−3,828,296	—	exited	−1.75 pp	—
COUPCoupa Software Incorporated	—	−51,753	—	exited	−0.05 pp	—
TCSThe Container Store Group, Inc.	—	−154,459	—	exited	−0.02 pp	—
IQiQIYI, Inc.	—	−66,321	—	exited	−0.02 pp	—
AZOAutoZone, Inc.	—	−533	—	exited	−0.01 pp	—
unresolvedBarnes & Noble Inc	—	−132,615	—	exited	−0.01 pp	—
BG3Big 5 Sporting Goods Corp	—	−285,645	—	exited	−0.01 pp	—
unresolvedCedar Fair L P	—	−13,269	—	exited	−0.01 pp	—
CAKECheesecake Factory (The)	—	−10,788	—	exited	−0.01 pp	—
CROXCrocs, Inc.	—	−31,641	—	exited	−0.01 pp	—
LOCOEl Pollo Loco Holdings, Inc.	—	−37,665	—	exited	−0.01 pp	—
unresolvedExpress Inc	—	−268,138	—	exited	−0.01 pp	—
FIVEFive Below, Inc.	—	−4,376	—	exited	−0.01 pp	—
GNCIQGnc Holdings Inc-cl A	—	−180,498	—	exited	−0.01 pp	—
GRPNGroupon, Inc.	—	−317,354	—	exited	−0.01 pp	—
GU9Guess? Inc	—	−43,699	—	exited	−0.01 pp	—
LELands' End, Inc.	—	−55,677	—	exited	−0.01 pp	—
ORLYO'Reilly Automotive, Inc.	—	−1,412	—	exited	−0.01 pp	—
FLWS1-800-FLOWERS.COM Inc	—	−60,299	—	exited	−0.01 pp	—
SHOEShoe Station Group, Inc.	—	−26,453	—	exited	−0.01 pp	—
SFLYShutterfly, Inc.	—	−26,619	—	exited	−0.01 pp	—
CPRICapri Holdings Limited	—	−11,966	—	exited	−0.01 pp	—
AEOAmerican Eagle Outfitters	—	−9,709	—	exited	0.00 pp	—
BUDAnheuser-Busch INBEV SA/NV	—	−2,699	—	exited	0.00 pp	—
ASNAAscena Retail Group Inc	—	−28,549	—	exited	0.00 pp	—
CARAvis Budget Group, Inc.	—	−5,837	—	exited	0.00 pp	—
BBYD20230930-DK-BUTTERFLY-1 Inc	—	−26,282	—	exited	0.00 pp	—
BJRIBJ's Restaurants, Inc.	—	−8,235	—	exited	0.00 pp	—
EATBrinker International, Inc.	—	−6,484	—	exited	0.00 pp	—
DGDollar General Corp.	—	−1,843	—	exited	0.00 pp	—
ELFe.l.f. Beauty, Inc.	—	−11,157	—	exited	0.00 pp	—
HABTThe Habit Restaurants, Inc. - Class A	—	−27,707	—	exited	0.00 pp	—
TBHCThe Brand House Collective, Inc.	—	−13,224	—	exited	0.00 pp	—
ELThe Estee Lauder Companies Inc. Class A	—	−1,409	—	exited	0.00 pp	—
MEDMedifast, Inc.	—	−2,799	—	exited	0.00 pp	—
NKENike, Inc.	—	−4,676	—	exited	0.00 pp	—
NDLSNoodles & Company Class A	—	−17,308	—	exited	0.00 pp	—
PRTYParty City Holdco Inc.	—	−27,883	—	exited	0.00 pp	—
SCHLScholastic Corp	—	−6,555	—	exited	0.00 pp	—
unresolvedSmart & Final Stores Inc	—	−59,099	—	exited	0.00 pp	—
SBUXStarbucks Corp	—	−4,152	—	exited	0.00 pp	—
WENThe Wendy's Company	—	−18,143	—	exited	0.00 pp	—