Coatue

Q3 2020 13F · by Philippe Laffont, founder

As of: Sep 30, 2020
Filed: Nov 16, 2020
US stock: $19.1B · prev $11.4B
Positions: 73 · prev 88
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%

Moves96 since the prior filing

+22.4 pp in · −19.0 pp out

New 24 +18.51 pp
Added 15 +3.92 pp
Trimmed 18 −13.25 pp
Exited 39 −5.71 pp

The book

Focused · behaves like 27 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 25% a year, about 4.0 years per position

Low
Moderate
High

Top 5 positions32% of US stock

Positions73 in this filing · 39 exited


PYPLPayPal Holdings, Inc.	7.01%	6,776,793	$1.3B	trimmed−4%	−3.81 pp	19 q
TSLATesla, Inc.	7.00%	3,107,175	$1.3B	added×2.0	+4.06 pp	3 q
DISThe Walt Disney Company	6.14%	9,428,261	$1.2B	added+2%	−2.89 pp	5 q
ZMZoom Communications, Inc. Class A	6.11%	2,474,695	$1.2B	trimmed−2%	+0.49 pp	3 q
SNOWSnowflake Inc.	5.33%	4,044,220	$1.0B	new	+5.33 pp	new
XYZBlock, Inc.	4.70%	5,507,425	$895M	added+27%	+0.71 pp	6 q
PLANAnaplan, Inc.	3.99%	12,158,094	$761M	added+41%	+0.55 pp	8 q
NFLXNetFlix Inc	3.74%	1,425,300	$713M	added+1%	−1.88 pp	30 q
GPNGlobal Payments, Inc.	3.54%	3,800,889	$675M	added×3.3	+1.80 pp	6 q
AMZNAmazon.Com Inc	3.46%	209,134	$659M	trimmed−0%	−1.62 pp	30 q
RUNSunrun Inc	3.34%	8,260,971	$637M	new	+3.34 pp	new
METAMeta Platforms, Inc. Class A	3.21%	2,331,829	$611M	added+16%	−0.82 pp	29 q
CRWDCrowdStrike Holdings, Inc. Class A	3.01%	4,173,809	$573M	trimmed−6%	−0.90 pp	3 q
PTONPeloton Interactive, Inc. Class A	2.68%	5,140,586	$510M	held	—	4 q
VSLRVivint Solar, Inc.	2.58%	11,627,907	$492M	new	+2.58 pp	new
SESea Limited	2.52%	3,118,998	$480M	trimmed−6%	−0.60 pp	6 q
SHOPShopify Inc. Class A subordinate voting shares	2.36%	439,602	$450M	added×2.6	+0.97 pp	14 q
UBERUber Technologies, Inc.	2.27%	11,832,404	$432M	added×5.6	+1.70 pp	6 q
JDJD.com, Inc.	1.86%	4,562,952	$354M	trimmed−2%	−0.60 pp	3 q
PODDInsulet Corporation	1.81%	1,461,213	$346M	added0%	−0.68 pp	5 q
BABAAlibaba Group Holding Limited	1.80%	1,167,006	$343M	held	—	17 q
NVDANvidia Corp	1.78%	625,897	$339M	held	—	17 q
LRCXLam Research Corp	1.66%	952,193	$316M	trimmed0%	−1.05 pp	3 q
ZZillow Group, Inc. Class C	1.63%	3,066,462	$312M	new	+1.63 pp	new
NUANNuance Communications, Inc.	1.58%	9,058,552	$301M	new	+1.58 pp	new
DOCUDocuSign, Inc.	1.48%	1,311,092	$282M	added+53%	+0.18 pp	2 q
DTDynatrace, Inc.	1.42%	6,601,809	$271M	held	—	5 q
SMARSmartsheet Inc.	1.16%	4,487,942	$222M	trimmed−11%	−1.09 pp	6 q
LBBath & Body Works, Inc.	1.13%	6,743,189	$215M	new	+1.13 pp	new
unresolvedCree Inc	0.76%	2,262,221	$144M	held	—	3 q
DDOGDatadog, Inc. Class A	0.73%	1,355,596	$138M	trimmed−4%	−0.35 pp	5 q
GHGuardant Health, Inc.	0.66%	1,118,537	$125M	trimmed−29%	−0.46 pp	6 q
AVGOBroadcom Inc.	0.61%	317,584	$116M	held	—	10 q
ZGZillow Group Inc Class A	0.53%	999,008	$101M	new	+0.53 pp	new
MSFTMicrosoft Corp	0.51%	457,536	$96M	held	—	12 q
GAPThe Gap, Inc.	0.46%	5,109,757	$87M	new	+0.46 pp	new
MUMicron Technology, Inc.	0.45%	1,829,932	$86M	trimmed0%	−0.38 pp	5 q
unresolvedNikola Corp	0.40%	3,697,467	$76M	added×28.4	+0.32 pp	2 q
GDOTGreen Dot Corporation	0.33%	1,251,295	$63M	held	—	6 q
WYNNWynn Resorts Ltd	0.33%	864,119	$62M	held	—	2 q
DECKDeckers Outdoor Corp	0.31%	268,302	$59M	new	+0.31 pp	new
AEOAmerican Eagle Outfitters	0.29%	3,775,399	$56M	new	+0.29 pp	new
LBRDKLiberty Broadband Corporation Class C	0.27%	365,677	$52M	trimmed−81%	−1.86 pp	18 q
LYVLive Nation Entertainment Inc.	0.26%	928,113	$50M	trimmed−0%	−0.10 pp	2 q
URBNUrban Outfitters Inc	0.25%	2,243,516	$47M	new	+0.25 pp	new
unresolvedInovio Pharmaceuticals Inc	0.22%	3,576,923	$41M	added+30%	−0.43 pp	2 q
EXPEExpedia Group, Inc.	0.21%	431,902	$40M	new	+0.21 pp	new
OKTAOkta, Inc. Class A	0.21%	186,639	$40M	trimmed−39%	−0.33 pp	7 q
UAAUnder Armour, Inc.	0.20%	3,327,365	$37M	added×184.5	+0.20 pp	2 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.17%	885,059	$32M	held	—	2 q
BEKEKE Holdings Inc.	0.16%	500,000	$31M	new	+0.16 pp	new
ALGNAlign Technology Inc	0.15%	87,875	$29M	held	—	2 q
PINSPinterest, Inc. Class A	0.14%	620,000	$26M	new	+0.14 pp	new
TJXTJX Companies, Inc. (The)	0.13%	432,724	$24M	added×92.3	+0.13 pp	2 q
UAUnder Armour, Inc. Class C, $0.0003 1/3 par value	0.13%	2,513,482	$25M	new	+0.13 pp	new
FITFitbit, Inc. Class A	0.12%	3,178,570	$22M	held	—	3 q
unresolvedRibbit Leap Ltd	0.12%	1,830,000	$24M	new	+0.12 pp	new
DXCMDexCom, Inc.	0.08%	36,226	$15M	trimmed−78%	−0.50 pp	2 q
COUPCoupa Software Incorporated	0.06%	42,560	$12M	new	+0.06 pp	new
KODKEastman Kodak Company	0.06%	1,250,000	$11M	new	+0.06 pp	new
LILi Auto Inc.	0.05%	537,555	$9M	new	+0.05 pp	new
SDCCQSmiledirectclub Inc A	0.05%	848,957	$10M	trimmed−14%	−0.02 pp	3 q
NATNordic American Tanker	0.05%	2,617,878	$9M	new	+0.05 pp	new
DHTDht Holdings, Inc.	0.05%	1,763,131	$9M	held	—	2 q
CTLLumen Technologies, Inc.	0.04%	716,117	$7M	new	+0.04 pp	new
EAFGrafTech International Ltd.	0.04%	1,090,232	$7M	new	+0.04 pp	new
SRNESorrento Therapeutics Inc	0.04%	750,000	$8M	trimmed−44%	−0.03 pp	2 q
TNKTeekay Tankers Ltd.	0.04%	684,621	$7M	held	—	2 q
SSYSStratasys Inc (ISRAEL)	0.03%	456,847	$6M	held	—	3 q
BBYBest Buy Company, Inc.	0.02%	30,686	$3M	new	+0.02 pp	new
DDD3D Systems Corporation	0.02%	961,067	$5M	trimmed0%	−0.04 pp	3 q
HTZGQHertz Global Holdings Inc	0.01%	1,114,411	$1M	held	—	10 q
MACThe Macerich Company	0.00%	85,238	$579,000	new	0.00 pp	new
BABoeing Company	—	−2,750,028	—	exited	−4.44 pp	—
HWMHowmet Aerospace Inc.	—	−2,785,176	—	exited	−0.39 pp	—
SFIXStitch Fix, Inc. Class A	—	−937,829	—	exited	−0.21 pp	—
NOWServicenow, Inc.	—	−56,500	—	exited	−0.20 pp	—
TDGTransDigm Group Incorporated	—	−48,400	—	exited	−0.19 pp	—
BBYD20230930-DK-BUTTERFLY-1 Inc	—	−1,837,365	—	exited	−0.17 pp	—
TWTRTwitter, Inc.	—	−353,829	—	exited	−0.09 pp	—
SKTTanger Inc.	—	−290,628	—	exited	−0.02 pp	—
AAPAdvance Auto Parts Inc	—	−2,911	—	exited	0.00 pp	—
HOMEAt Home Group Inc.	—	−20,986	—	exited	0.00 pp	—
AZOAutoZone, Inc.	—	−267	—	exited	0.00 pp	—
CVSCvs Health Corporation	—	−4,463	—	exited	0.00 pp	—
CATOCato Corp	—	−10,544	—	exited	0.00 pp	—
CHGGChegg, Inc.	—	−3,483	—	exited	0.00 pp	—
CHUYChuy's Holdings, Inc.	—	−10,699	—	exited	0.00 pp	—
KOCoca-Cola Company	—	−4,774	—	exited	0.00 pp	—
COSTCostco Wholesale Corp	—	−798	—	exited	0.00 pp	—
FDXFedEx Corporation	—	−2,512	—	exited	0.00 pp	—
FNDFloor & Decor Holdings, Inc.	—	−4,637	—	exited	0.00 pp	—
HDHome Depot, Inc.	—	−2,116	—	exited	0.00 pp	—
JBLUJetBlue Airways Corp	—	−11,418	—	exited	0.00 pp	—
LELands' End, Inc.	—	−26,265	—	exited	0.00 pp	—
NGVCNatural Grocers By Vitamin Cottage, Inc	—	−16,205	—	exited	0.00 pp	—
NKENike, Inc.	—	−2,305	—	exited	0.00 pp	—
NDLSNoodles & Company Class A	—	−15,581	—	exited	0.00 pp	—
ODPOffice Depot Inc	—	−1,232	—	exited	0.00 pp	—
RHRh	—	−818	—	exited	0.00 pp	—
RVLVRevolve Group, Inc.	—	−10,268	—	exited	0.00 pp	—
SKAASkechers USA Inc-cl A	—	−7,127	—	exited	0.00 pp	—
LUVSouthwest Airlines Co.	—	−5,879	—	exited	0.00 pp	—
TGTTarget Corporation	—	−1,858	—	exited	0.00 pp	—
TXRHTexas Roadhouse, Inc.	—	−4,064	—	exited	0.00 pp	—
REALThe RealReal, Inc.	—	−17,441	—	exited	0.00 pp	—
TLYSTilly's Inc.	—	−29,468	—	exited	0.00 pp	—
TSCOTractor Supply Co	—	−1,590	—	exited	0.00 pp	—
UPWKUpwork Inc.	—	−14,123	—	exited	0.00 pp	—
VRAVera Bradley, Inc.	—	−17,995	—	exited	0.00 pp	—
WWEWorld Wrestling Entertainment	—	−4,834	—	exited	0.00 pp	—
ZNGAZynga Inc. Cl A	—	−12,928	—	exited	0.00 pp	—