Coatue

Q4 2020 13F · by Philippe Laffont, founder

As of: Dec 31, 2020
Filed: Feb 16, 2021
US stock: $26.7B · prev $19.1B
Positions: 76 · prev 73
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%

Moves77 since the prior filing

+14.6 pp in · −11.8 pp out

New 17 +10.74 pp
Added 26 +3.90 pp
Trimmed 20 −7.35 pp
Exited 14 −4.46 pp

The book

Focused · behaves like 29 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 33% a year, about 3.0 years per position

Low
Moderate
High

Top 5 positions29% of US stock

Positions76 in this filing · 14 exited


DISThe Walt Disney Company	7.49%	11,056,268	$2.0B	added+17%	+1.35 pp	6 q
PYPLPayPal Holdings, Inc.	6.00%	6,846,512	$1.6B	added+1%	−1.01 pp	20 q
TSLATesla, Inc.	5.68%	2,150,589	$1.5B	trimmed−31%	−1.32 pp	4 q
XYZBlock, Inc.	4.99%	6,135,041	$1.3B	added+11%	+0.29 pp	7 q
RUNSunrun Inc	4.85%	18,692,965	$1.3B	added×2.3	+1.51 pp	2 q
DASHDoorDash, Inc. Class A	4.67%	8,750,705	$1.2B	new	+4.67 pp	new
SNOWSnowflake Inc.	4.28%	4,067,911	$1.1B	added+1%	−1.05 pp	2 q
UBERUber Technologies, Inc.	4.04%	21,166,062	$1.1B	added+79%	+1.77 pp	7 q
ZMZoom Communications, Inc. Class A	3.17%	2,515,435	$849M	added+2%	−2.94 pp	4 q
CRWDCrowdStrike Holdings, Inc. Class A	3.14%	3,964,289	$840M	trimmed−5%	+0.13 pp	4 q
NFLXNetFlix Inc	2.90%	1,435,187	$776M	added+1%	−0.84 pp	31 q
PTONPeloton Interactive, Inc. Class A	2.90%	5,109,019	$775M	trimmed−1%	+0.22 pp	5 q
GPNGlobal Payments, Inc.	2.75%	3,409,289	$734M	trimmed−10%	−0.79 pp	7 q
NUANNuance Communications, Inc.	2.74%	16,614,864	$733M	added+83%	+1.16 pp	2 q
ZZillow Group, Inc. Class C	2.64%	5,431,792	$705M	added+77%	+1.01 pp	2 q
AMZNAmazon.Com Inc	2.55%	209,134	$681M	held	—	31 q
SESea Limited	2.34%	3,144,837	$626M	added+1%	−0.18 pp	7 q
PLANAnaplan, Inc.	2.27%	8,450,990	$607M	trimmed−30%	−1.72 pp	9 q
METAMeta Platforms, Inc. Class A	2.21%	2,165,203	$591M	trimmed−7%	−1.00 pp	30 q
SHOPShopify Inc. Class A subordinate voting shares	1.85%	437,764	$496M	trimmed−0%	−0.51 pp	15 q
PODDInsulet Corporation	1.68%	1,754,246	$448M	added+20%	−0.13 pp	6 q
LRCXLam Research Corp	1.68%	952,193	$450M	held	—	4 q
XPEVXPeng Inc.	1.66%	10,379,425	$445M	new	+1.66 pp	new
JDJD.com, Inc.	1.50%	4,562,952	$401M	held	—	4 q
APIAgora, Inc.	1.49%	10,070,026	$398M	new	+1.49 pp	new
AYXAlteryx, Inc.	1.41%	3,102,175	$378M	new	+1.41 pp	new
NVDANvidia Corp	1.22%	625,897	$327M	held	—	18 q
DTDynatrace, Inc.	1.05%	6,466,973	$280M	trimmed−2%	−0.37 pp	6 q
PINSPinterest, Inc. Class A	1.05%	4,254,228	$280M	added×6.9	+0.91 pp	2 q
BABAAlibaba Group Holding Limited	1.02%	1,167,006	$272M	held	—	18 q
DOCUDocuSign, Inc.	1.01%	1,219,968	$271M	trimmed−7%	−0.47 pp	3 q
LBBath & Body Works, Inc.	0.88%	6,330,104	$235M	trimmed−6%	−0.25 pp	2 q
ZGZillow Group Inc Class A	0.86%	1,698,086	$231M	added+70%	+0.33 pp	2 q
unresolvedCree Inc	0.76%	1,928,743	$204M	trimmed−15%	0.00 pp	4 q
EXPEExpedia Group, Inc.	0.73%	1,477,423	$196M	added×3.4	+0.52 pp	2 q
AVGOBroadcom Inc.	0.62%	376,528	$165M	added+19%	+0.01 pp	11 q
GAPThe Gap, Inc.	0.56%	7,393,612	$149M	added+45%	+0.10 pp	2 q
GHGuardant Health, Inc.	0.54%	1,118,537	$144M	held	—	7 q
MUMicron Technology, Inc.	0.51%	1,829,932	$138M	held	—	6 q
DDOGDatadog, Inc. Class A	0.49%	1,333,596	$131M	trimmed−2%	−0.24 pp	6 q
BBYBest Buy Company, Inc.	0.46%	1,242,544	$124M	added×40.5	+0.44 pp	2 q
WYNNWynn Resorts Ltd	0.45%	1,070,682	$121M	added+24%	+0.12 pp	3 q
LYVLive Nation Entertainment Inc.	0.41%	1,494,413	$110M	added+61%	+0.15 pp	3 q
DECKDeckers Outdoor Corp	0.38%	353,201	$101M	added+32%	+0.07 pp	2 q
MSFTMicrosoft Corp	0.38%	457,536	$102M	held	—	13 q
SFIXStitch Fix, Inc. Class A	0.38%	1,739,529	$102M	new	+0.38 pp	new
ROOTRoot, Inc. Class A	0.27%	4,548,046	$71M	new	+0.27 pp	new
TJXTJX Companies, Inc. (The)	0.25%	964,250	$66M	added×2.2	+0.12 pp	3 q
UAAUnder Armour, Inc.	0.25%	3,884,714	$67M	added+17%	+0.05 pp	3 q
LYFTLyft, Inc. Class A	0.19%	1,041,995	$51M	new	+0.19 pp	new
ALGNAlign Technology Inc	0.18%	87,875	$47M	held	—	3 q
OKTAOkta, Inc. Class A	0.18%	186,639	$47M	held	—	8 q
ROKURoku, Inc. Class A	0.18%	146,153	$49M	new	+0.18 pp	new
BABoeing Company	0.17%	209,359	$45M	new	+0.17 pp	new
LILi Auto Inc.	0.16%	1,475,012	$43M	added×2.7	+0.11 pp	2 q
UAUnder Armour, Inc. Class C, $0.0003 1/3 par value	0.16%	2,925,676	$44M	added+16%	+0.03 pp	2 q
GDOTGreen Dot Corporation	0.15%	711,040	$40M	trimmed−43%	−0.18 pp	7 q
AEOAmerican Eagle Outfitters	0.13%	1,710,320	$34M	trimmed−55%	−0.16 pp	2 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.13%	832,358	$35M	trimmed−6%	−0.04 pp	3 q
unresolvedInovio Pharmaceuticals Inc	0.12%	3,576,923	$32M	held	—	3 q
URBNUrban Outfitters Inc	0.10%	1,005,942	$26M	trimmed−55%	−0.15 pp	2 q
unresolvedRibbit Leap Ltd	0.10%	1,830,000	$27M	held	—	2 q
BEKEKE Holdings Inc.	0.09%	406,538	$25M	trimmed−19%	−0.07 pp	2 q
LSPDLightspeed Commerce Inc.	0.07%	248,162	$17M	new	+0.07 pp	new
unresolvedNikola Corp	0.07%	1,203,517	$18M	trimmed−67%	−0.33 pp	3 q
COUPCoupa Software Incorporated	0.06%	47,005	$16M	added+10%	0.00 pp	2 q
MELIMercado Libre, Inc	0.06%	10,133	$17M	new	+0.06 pp	new
SNAPSnap Inc.	0.06%	343,000	$17M	new	+0.06 pp	new
STNEStoneCo Ltd. Class A	0.06%	198,455	$17M	new	+0.06 pp	new
KODKEastman Kodak Company	0.03%	1,125,000	$9M	trimmed−10%	−0.03 pp	2 q
OPENOpendoor Technologies Inc	0.03%	337,760	$8M	new	+0.03 pp	new
GTMZoomInfo Technologies Inc	0.03%	189,144	$9M	new	+0.03 pp	new
SRNESorrento Therapeutics Inc	0.02%	750,000	$5M	held	—	3 q
DXCMDexCom, Inc.	0.01%	9,513	$4M	trimmed−74%	−0.07 pp	3 q
VLDRVelodyne Lidar, Inc.	0.01%	75,000	$2M	new	+0.01 pp	new
unresolvedAtlassian Corp Plc	0.00%	891	$208,000	new	0.00 pp	new
VSLRVivint Solar, Inc.	—	−11,627,907	—	exited	−2.58 pp	—
SMARSmartsheet Inc.	—	−4,487,942	—	exited	−1.16 pp	—
LBRDKLiberty Broadband Corporation Class C	—	−365,677	—	exited	−0.27 pp	—
FITFitbit, Inc. Class A	—	−3,178,570	—	exited	−0.12 pp	—
SDCCQSmiledirectclub Inc A	—	−848,957	—	exited	−0.05 pp	—
NATNordic American Tanker	—	−2,617,878	—	exited	−0.05 pp	—
DHTDht Holdings, Inc.	—	−1,763,131	—	exited	−0.05 pp	—
CTLLumen Technologies, Inc.	—	−716,117	—	exited	−0.04 pp	—
EAFGrafTech International Ltd.	—	−1,090,232	—	exited	−0.04 pp	—
TNKTeekay Tankers Ltd.	—	−684,621	—	exited	−0.04 pp	—
SSYSStratasys Inc (ISRAEL)	—	−456,847	—	exited	−0.03 pp	—
DDD3D Systems Corporation	—	−961,067	—	exited	−0.02 pp	—
HTZGQHertz Global Holdings Inc	—	−1,114,411	—	exited	−0.01 pp	—
MACThe Macerich Company	—	−85,238	—	exited	0.00 pp	—