Coatue

Q2 2020 13F · by Philippe Laffont, founder

As of: Jun 30, 2020
Filed: Aug 14, 2020
US stock: $11.4B · prev $7.9B
Positions: 88 · prev 150
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%

Moves183 since the prior filing

+36.7 pp in · −36.5 pp out

New 37 +9.25 pp
Added 15 +27.43 pp
Trimmed 32 −32.29 pp
Exited 99 −4.26 pp

The book

Focused · behaves like 22 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 135% a year, about 0.7 years per position

Low
Moderate
High

Top 5 positions36% of US stock

Positions88 in this filing · 99 exited


PYPLPayPal Holdings, Inc.	10.82%	7,055,251	$1.2B	added+84%	+6.17 pp	18 q
DISThe Walt Disney Company	9.03%	9,199,122	$1.0B	added×198.3	+8.97 pp	4 q
NFLXNetFlix Inc	5.62%	1,404,316	$639M	trimmed−21%	−2.84 pp	29 q
ZMZoom Communications, Inc. Class A	5.62%	2,521,307	$639M	added×4.2	+4.52 pp	2 q
AMZNAmazon.Com Inc	5.08%	209,364	$578M	trimmed−22%	−1.59 pp	29 q
BABoeing Company	4.44%	2,750,028	$504M	new	+4.44 pp	new
METAMeta Platforms, Inc. Class A	4.03%	2,017,679	$458M	trimmed−19%	−1.20 pp	28 q
XYZBlock, Inc.	3.99%	4,326,261	$454M	added+31%	+1.80 pp	5 q
CRWDCrowdStrike Holdings, Inc. Class A	3.91%	4,430,076	$444M	added+39%	+1.67 pp	2 q
PLANAnaplan, Inc.	3.44%	8,632,084	$391M	trimmed−22%	−0.82 pp	7 q
SESea Limited	3.12%	3,303,957	$354M	trimmed−29%	+0.50 pp	5 q
TSLATesla, Inc.	2.94%	309,877	$335M	trimmed−42%	−0.61 pp	2 q
LRCXLam Research Corp	2.71%	952,212	$308M	added+89%	+1.18 pp	2 q
PTONPeloton Interactive, Inc. Class A	2.61%	5,140,586	$297M	added+50%	+1.46 pp	3 q
PODDInsulet Corporation	2.49%	1,454,347	$283M	added+1%	−0.53 pp	4 q
JDJD.com, Inc.	2.46%	4,645,790	$280M	trimmed−52%	−2.54 pp	2 q
DTDynatrace, Inc.	2.36%	6,601,809	$268M	trimmed−42%	−1.11 pp	4 q
SMARSmartsheet Inc.	2.25%	5,019,569	$256M	trimmed−9%	−0.67 pp	5 q
BABAAlibaba Group Holding Limited	2.21%	1,167,006	$252M	trimmed−54%	−3.99 pp	16 q
LBRDKLiberty Broadband Corporation Class C	2.13%	1,954,115	$242M	trimmed−60%	−4.65 pp	17 q
NVDANvidia Corp	2.09%	625,897	$238M	trimmed−30%	−0.91 pp	16 q
GPNGlobal Payments, Inc.	1.74%	1,168,412	$198M	trimmed−38%	−1.69 pp	5 q
SHOPShopify Inc. Class A subordinate voting shares	1.39%	166,639	$158M	added×121.9	+1.38 pp	13 q
DOCUDocuSign, Inc.	1.30%	856,094	$147M	new	+1.30 pp	new
unresolvedCree Inc	1.18%	2,262,221	$134M	trimmed−53%	−0.98 pp	2 q
GHGuardant Health, Inc.	1.12%	1,574,977	$128M	trimmed−31%	−0.90 pp	5 q
DDOGDatadog, Inc. Class A	1.08%	1,410,895	$123M	trimmed−57%	−0.41 pp	4 q
AVGOBroadcom Inc.	0.88%	317,584	$100M	held	—	9 q
MUMicron Technology, Inc.	0.83%	1,829,989	$94M	added+82%	+0.29 pp	4 q
MSFTMicrosoft Corp	0.82%	457,536	$93M	trimmed−82%	−4.34 pp	11 q
unresolvedInovio Pharmaceuticals Inc	0.65%	2,750,000	$74M	new	+0.65 pp	new
DXCMDexCom, Inc.	0.58%	162,877	$66M	new	+0.58 pp	new
UBERUber Technologies, Inc.	0.57%	2,100,797	$65M	added+94%	+0.19 pp	5 q
WYNNWynn Resorts Ltd	0.57%	864,119	$64M	new	+0.57 pp	new
GDOTGreen Dot Corporation	0.54%	1,251,295	$61M	trimmed0%	+0.14 pp	5 q
OKTAOkta, Inc. Class A	0.54%	304,098	$61M	added+37%	+0.20 pp	6 q
HWMHowmet Aerospace Inc.	0.39%	2,785,176	$44M	new	+0.39 pp	new
LYVLive Nation Entertainment Inc.	0.36%	930,591	$41M	new	+0.36 pp	new
FWONKLiberty Media Corporation Series C Liberty Formula One	0.25%	885,059	$28M	new	+0.25 pp	new
ALGNAlign Technology Inc	0.21%	87,875	$24M	new	+0.21 pp	new
SFIXStitch Fix, Inc. Class A	0.21%	937,829	$23M	added0%	+0.06 pp	3 q
NOWServicenow, Inc.	0.20%	56,500	$23M	trimmed−28%	−0.09 pp	9 q
TDGTransDigm Group Incorporated	0.19%	48,400	$21M	new	+0.19 pp	new
FITFitbit, Inc. Class A	0.18%	3,178,570	$21M	held	—	2 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.17%	1,837,365	$19M	added+1%	+0.07 pp	2 q
TWTRTwitter, Inc.	0.09%	353,829	$11M	trimmed−95%	−1.98 pp	4 q
unresolvedNikola Corp	0.08%	130,000	$9M	new	+0.08 pp	new
DHTDht Holdings, Inc.	0.08%	1,763,131	$9M	new	+0.08 pp	new
TNKTeekay Tankers Ltd.	0.08%	684,621	$9M	new	+0.08 pp	new
SDCCQSmiledirectclub Inc A	0.07%	986,445	$8M	held	—	2 q
SRNESorrento Therapeutics Inc	0.07%	1,350,000	$8M	new	+0.07 pp	new
DDD3D Systems Corporation	0.06%	961,080	$7M	trimmed−0%	−0.03 pp	2 q
SSYSStratasys Inc (ISRAEL)	0.06%	456,847	$7M	trimmed−0%	−0.03 pp	2 q
SKTTanger Inc.	0.02%	290,628	$2M	held	—	2 q
HTZGQHertz Global Holdings Inc	0.01%	1,114,411	$2M	trimmed−6%	−0.08 pp	9 q
AAPAdvance Auto Parts Inc	0.00%	2,911	$415,000	new	0.00 pp	new
HOMEAt Home Group Inc.	0.00%	20,986	$136,000	trimmed−50%	0.00 pp	2 q
AZOAutoZone, Inc.	0.00%	267	$301,000	new	0.00 pp	new
CVSCvs Health Corporation	0.00%	4,463	$290,000	new	0.00 pp	new
CATOCato Corp	0.00%	10,544	$86,000	new	0.00 pp	new
CHGGChegg, Inc.	0.00%	3,483	$234,000	trimmed−39%	0.00 pp	3 q
CHUYChuy's Holdings, Inc.	0.00%	10,699	$159,000	new	0.00 pp	new
KOCoca-Cola Company	0.00%	4,774	$213,000	new	0.00 pp	new
COSTCostco Wholesale Corp	0.00%	798	$242,000	new	0.00 pp	new
FDXFedEx Corporation	0.00%	2,512	$352,000	added+41%	0.00 pp	2 q
FNDFloor & Decor Holdings, Inc.	0.00%	4,637	$267,000	new	0.00 pp	new
HDHome Depot, Inc.	0.00%	2,116	$530,000	trimmed−48%	−0.01 pp	2 q
JBLUJetBlue Airways Corp	0.00%	11,418	$124,000	new	0.00 pp	new
LELands' End, Inc.	0.00%	26,265	$211,000	new	0.00 pp	new
NGVCNatural Grocers By Vitamin Cottage, Inc	0.00%	16,205	$241,000	trimmed−34%	0.00 pp	2 q
NKENike, Inc.	0.00%	2,305	$226,000	trimmed−100%	−1.45 pp	4 q
NDLSNoodles & Company Class A	0.00%	15,581	$94,000	new	0.00 pp	new
ODPOffice Depot Inc	0.00%	12,322	$29,000	trimmed−87%	0.00 pp	3 q
RHRh	0.00%	818	$204,000	new	0.00 pp	new
RVLVRevolve Group, Inc.	0.00%	10,268	$153,000	new	0.00 pp	new
SKAASkechers USA Inc-cl A	0.00%	7,127	$224,000	trimmed−26%	0.00 pp	2 q
LUVSouthwest Airlines Co.	0.00%	5,879	$201,000	new	0.00 pp	new
TJXTJX Companies, Inc. (The)	0.00%	4,688	$237,000	new	0.00 pp	new
TGTTarget Corporation	0.00%	1,858	$223,000	new	0.00 pp	new
TXRHTexas Roadhouse, Inc.	0.00%	4,064	$214,000	new	0.00 pp	new
REALThe RealReal, Inc.	0.00%	17,441	$223,000	new	0.00 pp	new
TLYSTilly's Inc.	0.00%	29,468	$167,000	new	0.00 pp	new
TSCOTractor Supply Co	0.00%	1,590	$210,000	trimmed−82%	−0.01 pp	3 q
UAAUnder Armour, Inc.	0.00%	18,039	$176,000	new	0.00 pp	new
UPWKUpwork Inc.	0.00%	14,123	$204,000	new	0.00 pp	new
VRAVera Bradley, Inc.	0.00%	17,995	$80,000	new	0.00 pp	new
WWEWorld Wrestling Entertainment	0.00%	4,834	$210,000	new	0.00 pp	new
ZNGAZynga Inc. Cl A	0.00%	12,928	$123,000	trimmed−55%	0.00 pp	2 q
RNGRingcentral, Inc.	—	−522,555	—	exited	−1.40 pp	—
SNAPSnap Inc.	—	−3,714,333	—	exited	−0.56 pp	—
BYNDBeyond Meat, Inc.	—	−518,188	—	exited	−0.44 pp	—
LKNCYLuckin Coffee Inc SP/	—	−1,228,494	—	exited	−0.42 pp	—
GLUUGlu Mobile Inc.	—	−4,370,311	—	exited	−0.35 pp	—
ISRGIntuitive Surgical Inc.	—	−44,224	—	exited	−0.28 pp	—
unresolvedCanopy Growth Corp	—	−1,316,735	—	exited	−0.24 pp	—
STNEStoneCo Ltd. Class A	—	−284,542	—	exited	−0.08 pp	—
MCDMcDonald's Corporation	—	−29,461	—	exited	−0.06 pp	—
ADBEAdobe Inc.	—	−1,981	—	exited	−0.01 pp	—
BGSB&G Foods, Inc.	—	−33,852	—	exited	−0.01 pp	—
BJBJs Wholesale Club Holdings, Inc.	—	−19,813	—	exited	−0.01 pp	—
BBYBest Buy Company, Inc.	—	−7,872	—	exited	−0.01 pp	—
SAMBoston Beer Company	—	−2,127	—	exited	−0.01 pp	—
CPBThe Campbell's Company	—	−12,644	—	exited	−0.01 pp	—
CLXClorox Company	—	−4,403	—	exited	−0.01 pp	—
DBIDesigner Brands Inc.	—	−81,366	—	exited	−0.01 pp	—
DGDollar General Corp.	—	−4,304	—	exited	−0.01 pp	—
DPZDomino's Pizza Inc.	—	−1,378	—	exited	−0.01 pp	—
DNKNDunkin' Brands Group, Inc.	—	−9,490	—	exited	−0.01 pp	—
EPCEdgewell Personal Care Company	—	−23,182	—	exited	−0.01 pp	—
FLOFlowers Foods, Inc.	—	−23,981	—	exited	−0.01 pp	—
FRPTFreshpet, Inc.	—	−13,681	—	exited	−0.01 pp	—
GISGeneral Mills, Inc.	—	−8,827	—	exited	−0.01 pp	—
unresolvedGrubhub Inc	—	−17,702	—	exited	−0.01 pp	—
IQVIQVIA Holdings Inc.	—	−8,281	—	exited	−0.01 pp	—
EWWiShares MSCI Mexico ETF	—	−14,977	—	exited	−0.01 pp	—
EWUiShares MSCI United Kingdom ETF	—	−29,693	—	exited	−0.01 pp	—
JACKJack in the Box Inc.	—	−25,160	—	exited	−0.01 pp	—
KMBKimberly-Clark Corp.	—	−4,866	—	exited	−0.01 pp	—
LOWLowe's Companies Inc.	—	−7,162	—	exited	−0.01 pp	—
MAMastercard Incorporated	—	−3,793	—	exited	−0.01 pp	—
MDLZMondelez International, Inc. Class A	—	−17,608	—	exited	−0.01 pp	—
MNSTMonster Beverage Corporation	—	−7,036	—	exited	−0.01 pp	—
FIZZNational Beverage Corp.	—	−22,389	—	exited	−0.01 pp	—
PZZAPapa John's International Inc	—	−13,057	—	exited	−0.01 pp	—
POSTPost Holdings, Inc.	—	−13,689	—	exited	−0.01 pp	—
PGProcter & Gamble Company	—	−5,551	—	exited	−0.01 pp	—
REYNReynolds Consumer Products Inc.	—	−14,862	—	exited	−0.01 pp	—
SHWThe Sherwin-Williams Company	—	−1,420	—	exited	−0.01 pp	—
TPRTapestry, Inc.	—	−31,216	—	exited	−0.01 pp	—
TSNTyson Foods, Inc.	—	−7,201	—	exited	−0.01 pp	—
UALUnited Airlines Holdings, Inc.	—	−12,909	—	exited	−0.01 pp	—
VGKVanguard FTSE Europe ETF	—	−27,172	—	exited	−0.01 pp	—
VTIVanguard Morningstar Total Stock Market ETF	—	−8,781	—	exited	−0.01 pp	—
VSLRVivint Solar, Inc.	—	−182,454	—	exited	−0.01 pp	—
WENThe Wendy's Company	—	−30,931	—	exited	−0.01 pp	—
WSMWilliams-Sonoma, Inc.	—	−9,443	—	exited	−0.01 pp	—
WINGWingstop Inc	—	−9,383	—	exited	−0.01 pp	—
YUMYum! Brands, Inc.	—	−6,489	—	exited	−0.01 pp	—
HELEHelen Of Troy Ltd	—	−6,023	—	exited	−0.01 pp	—
WIXWIX.com Ltd.	—	−3,977	—	exited	−0.01 pp	—
AANAaron's Inc	—	−9,287	—	exited	0.00 pp	—
ANFAbercrombie & Fitch Co.	—	−22,402	—	exited	0.00 pp	—
ATECAlphatec Holdings, Inc.	—	−28,958	—	exited	0.00 pp	—
AALAmerican Airlines Group Inc.	—	−19,415	—	exited	0.00 pp	—
CARAvis Budget Group, Inc.	—	−18,610	—	exited	0.00 pp	—
AXGNAxogen, Inc.	—	−16,474	—	exited	0.00 pp	—
CALMCal-Maine Foods Inc	—	−7,279	—	exited	0.00 pp	—
CALCaleres Inc	—	−48,472	—	exited	0.00 pp	—
CENTACentral Garden & Pet Company	—	−8,746	—	exited	0.00 pp	—
CAKECheesecake Factory (The)	—	−12,282	—	exited	0.00 pp	—
CTRNCiti Trends, Inc.	—	−23,961	—	exited	0.00 pp	—
CLColgate-Palmolive Company	—	−5,350	—	exited	0.00 pp	—
CAGConagra Brands, Inc.	—	−10,013	—	exited	0.00 pp	—
CONNQConn's Inc	—	−40,328	—	exited	0.00 pp	—
COTYCoty Inc	—	−12,046	—	exited	0.00 pp	—
DISHDISH Network Corp.	—	−11,993	—	exited	0.00 pp	—
LOCOEl Pollo Loco Holdings, Inc.	—	−30,599	—	exited	0.00 pp	—
ENREnergizer Holdings, Inc	—	−9,590	—	exited	0.00 pp	—
ETDEthan Allen Interiors Inc	—	−10,206	—	exited	0.00 pp	—
FOSLFossil Group, Inc.	—	−55,683	—	exited	0.00 pp	—
FTRFrontier Communications Corp.	—	−848,516	—	exited	0.00 pp	—
GIIIG-Iii Apparel Group Ltd	—	−33,564	—	exited	0.00 pp	—
TDAYUSA TODAY Co., Inc.	—	−13,439	—	exited	0.00 pp	—
GU9Guess? Inc	—	−55,698	—	exited	0.00 pp	—
HB6Hibbett Inc	—	−11,278	—	exited	0.00 pp	—
HRLHormel Foods Corporation	—	−5,151	—	exited	0.00 pp	—
IMKTAIngles Markets Inc	—	−9,234	—	exited	0.00 pp	—
KDPKeurig Dr Pepper Inc.	—	−10,898	—	exited	0.00 pp	—
LBBath & Body Works, Inc.	—	−14,559	—	exited	0.00 pp	—
MMacy's Inc.	—	−22,770	—	exited	0.00 pp	—
MARMarriott International Class A	—	−4,705	—	exited	0.00 pp	—
NYTNew York Times Co.	—	−7,985	—	exited	0.00 pp	—
PVHPVH Corp.	—	−9,021	—	exited	0.00 pp	—
PETQPetIQ, Inc. Class A	—	−11,219	—	exited	0.00 pp	—
PLNTPlanet Fitness, Inc.	—	−4,476	—	exited	0.00 pp	—
UPBDUpbound Group, Inc.	—	−12,140	—	exited	0.00 pp	—
FRBKQRepublic First Bancorp	—	−10,593	—	exited	0.00 pp	—
SBHSally Beauty Holdings, Inc.	—	−14,475	—	exited	0.00 pp	—
SHOEShoe Station Group, Inc.	—	−17,303	—	exited	0.00 pp	—
SITESiteOne Landscape Supply, Inc.	—	−4,423	—	exited	0.00 pp	—
SPWHSportsman's Warehouse Holdings, Inc.	—	−12,445	—	exited	0.00 pp	—
SFMSprouts Farmers Market, Inc.	—	−12,324	—	exited	0.00 pp	—
SGISomnigroup International Inc.	—	−4,745	—	exited	0.00 pp	—
HWAYTivity Health Inc	—	−16,219	—	exited	0.00 pp	—
TPBTurning Point Brands, Inc.	—	−10,904	—	exited	0.00 pp	—
WWayfair Inc.	—	−6,084	—	exited	0.00 pp	—
WMKWeis Markets, Inc.	—	−7,178	—	exited	0.00 pp	—