Coatue

Q1 2021 13F · by Philippe Laffont, founder

As of: Mar 31, 2021
Filed: May 14, 2021
US stock: $18.2B · prev $26.7B
Positions: 66 · prev 76
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%

Moves92 since the prior filing

+19.3 pp in · −19.4 pp out

New 20 +6.30 pp
Added 13 +13.04 pp
Trimmed 29 −4.96 pp
Exited 30 −14.44 pp

The book

Focused · behaves like 26 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 54% a year, about 1.9 years per position

Low
Moderate
High

Top 5 positions31% of US stock

Positions66 in this filing · 30 exited


DASHDoorDash, Inc. Class A	6.66%	9,258,184	$1.2B	added+6%	+1.99 pp	2 q
SNOWSnowflake Inc.	6.59%	5,242,776	$1.2B	added+29%	+2.31 pp	3 q
DISThe Walt Disney Company	6.15%	6,082,125	$1.1B	trimmed−45%	−1.34 pp	7 q
TSLATesla, Inc.	5.95%	1,625,925	$1.1B	trimmed−24%	+0.27 pp	5 q
RUNSunrun Inc	5.64%	17,013,861	$1.0B	trimmed−9%	+0.79 pp	3 q
XYZBlock, Inc.	4.83%	3,880,031	$881M	trimmed−37%	−0.16 pp	8 q
AMZNAmazon.Com Inc	4.50%	265,455	$821M	added+27%	+1.95 pp	32 q
UBERUber Technologies, Inc.	3.99%	13,349,119	$728M	trimmed−37%	−0.05 pp	8 q
SESea Limited	3.92%	3,205,370	$716M	added+2%	+1.58 pp	8 q
PYPLPayPal Holdings, Inc.	3.91%	2,936,119	$713M	trimmed−57%	−2.09 pp	21 q
ZZillow Group, Inc. Class C	3.54%	4,975,368	$645M	trimmed−8%	+0.90 pp	3 q
METAMeta Platforms, Inc. Class A	3.44%	2,132,571	$628M	trimmed−2%	+1.23 pp	31 q
NUANNuance Communications, Inc.	3.41%	14,244,774	$622M	trimmed−14%	+0.67 pp	3 q
XPEVXPeng Inc.	3.27%	16,339,595	$597M	added+57%	+1.61 pp	2 q
NFLXNetFlix Inc	2.67%	932,694	$487M	trimmed−35%	−0.23 pp	32 q
APIAgora, Inc.	2.64%	9,562,594	$481M	trimmed−5%	+1.15 pp	2 q
ZMZoom Communications, Inc. Class A	2.07%	1,176,814	$378M	trimmed−53%	−1.10 pp	5 q
CRWDCrowdStrike Holdings, Inc. Class A	1.85%	1,845,197	$337M	trimmed−53%	−1.29 pp	5 q
LILi Auto Inc.	1.75%	12,787,010	$320M	added×8.7	+1.59 pp	3 q
GHGuardant Health, Inc.	1.69%	2,018,453	$308M	added+80%	+1.15 pp	8 q
PLANAnaplan, Inc.	1.63%	5,511,412	$297M	trimmed−35%	−0.64 pp	10 q
SHOPShopify Inc. Class A subordinate voting shares	1.57%	257,998	$285M	trimmed−41%	−0.28 pp	16 q
LBBath & Body Works, Inc.	1.54%	4,550,433	$281M	trimmed−28%	+0.66 pp	3 q
GPNGlobal Payments, Inc.	1.52%	1,375,454	$277M	trimmed−60%	−1.23 pp	8 q
PINSPinterest, Inc. Class A	1.51%	3,723,441	$276M	trimmed−12%	+0.46 pp	3 q
PODDInsulet Corporation	1.38%	967,339	$252M	trimmed−45%	−0.30 pp	7 q
ZGZillow Group Inc Class A	1.17%	1,621,042	$213M	trimmed−5%	+0.31 pp	3 q
PTONPeloton Interactive, Inc. Class A	0.97%	1,567,621	$176M	trimmed−69%	−1.93 pp	6 q
OSCROscar Health, Inc.	0.93%	6,325,613	$170M	new	+0.93 pp	new
MRNAModerna, Inc.	0.90%	1,257,685	$165M	new	+0.90 pp	new
RLXRLX Technology Inc.	0.85%	14,205,740	$155M	new	+0.85 pp	new
AVGOBroadcom Inc.	0.81%	317,584	$147M	trimmed−16%	+0.19 pp	12 q
FTCHQFarfetch Limited A	0.81%	2,794,750	$148M	new	+0.81 pp	new
TWLOTwilio Inc.	0.76%	406,465	$139M	new	+0.76 pp	new
unresolvedNikola Corp	0.74%	9,660,988	$134M	added×8.0	+0.67 pp	4 q
SFIXStitch Fix, Inc. Class A	0.44%	1,623,700	$80M	trimmed−7%	+0.06 pp	2 q
PARAParamount Global-class B	0.42%	1,710,417	$77M	new	+0.42 pp	new
DDOGDatadog, Inc. Class A	0.38%	831,798	$69M	trimmed−38%	−0.11 pp	7 q
AIC3.ai, Inc.	0.32%	892,570	$59M	new	+0.32 pp	new
ROOTRoot, Inc. Class A	0.32%	4,548,046	$58M	held	—	2 q
LMNDLemonade, Inc.	0.30%	582,106	$54M	new	+0.30 pp	new
DOCUDocuSign, Inc.	0.25%	227,691	$46M	trimmed−81%	−0.76 pp	4 q
OKTAOkta, Inc. Class A	0.25%	205,053	$45M	added+10%	+0.07 pp	9 q
BNTXBioNTech SE	0.20%	341,846	$37M	new	+0.20 pp	new
QSQuantumScape Corporation Class A	0.18%	719,678	$32M	new	+0.18 pp	new
unresolvedInovio Pharmaceuticals Inc	0.16%	3,126,923	$29M	trimmed−13%	+0.04 pp	4 q
DDD3D Systems Corporation	0.14%	961,067	$26M	new	+0.14 pp	new
unresolvedChurchill Capital Corp IV	0.11%	900,000	$21M	new	+0.11 pp	new
LSPDLightspeed Commerce Inc.	0.11%	333,372	$21M	added+34%	+0.04 pp	2 q
MSDAUMsd Acquisition Corp	0.11%	2,000,000	$20M	new	+0.11 pp	new
unresolvedRibbit Leap Ltd	0.11%	1,830,000	$20M	held	—	3 q
COUPCoupa Software Incorporated	0.10%	70,067	$18M	added+49%	+0.04 pp	3 q
STNEStoneCo Ltd. Class A	0.09%	278,061	$17M	added+40%	+0.03 pp	2 q
EAFGrafTech International Ltd.	0.07%	1,090,232	$13M	new	+0.07 pp	new
TALTAL Education Group	0.07%	245,598	$13M	new	+0.07 pp	new
BILLBILL Holdings, Inc.	0.06%	76,631	$11M	new	+0.06 pp	new
KODKEastman Kodak Company	0.04%	975,000	$8M	trimmed−13%	+0.01 pp	3 q
OPENOpendoor Technologies Inc	0.04%	337,760	$7M	held	—	2 q
SNAPSnap Inc.	0.04%	154,484	$8M	trimmed−55%	−0.02 pp	2 q
WKHSWorkhorse Group, Inc	0.03%	459,949	$6M	new	+0.03 pp	new
DXCMDexCom, Inc.	0.02%	9,513	$3M	held	—	4 q
unresolvedLuminar Technologies Inc	0.02%	158,946	$4M	new	+0.02 pp	new
VLDRVelodyne Lidar, Inc.	0.02%	269,142	$3M	added×3.6	+0.01 pp	2 q
MACThe Macerich Company	0.01%	85,238	$997,000	new	+0.01 pp	new
SSYSStratasys Inc (ISRAEL)	0.01%	60,000	$2M	new	+0.01 pp	new
BABoeing Company	0.00%	1,400	$357,000	trimmed−99%	−0.17 pp	2 q
LRCXLam Research Corp	—	−952,193	—	exited	−1.68 pp	—
JDJD.com, Inc.	—	−4,562,952	—	exited	−1.50 pp	—
AYXAlteryx, Inc.	—	−3,102,175	—	exited	−1.41 pp	—
NVDANvidia Corp	—	−625,897	—	exited	−1.22 pp	—
DTDynatrace, Inc.	—	−6,466,973	—	exited	−1.05 pp	—
BABAAlibaba Group Holding Limited	—	−1,167,006	—	exited	−1.02 pp	—
unresolvedCree Inc	—	−1,928,743	—	exited	−0.76 pp	—
EXPEExpedia Group, Inc.	—	−1,477,423	—	exited	−0.73 pp	—
GAPThe Gap, Inc.	—	−7,393,612	—	exited	−0.56 pp	—
MUMicron Technology, Inc.	—	−1,829,932	—	exited	−0.51 pp	—
BBYBest Buy Company, Inc.	—	−1,242,544	—	exited	−0.46 pp	—
WYNNWynn Resorts Ltd	—	−1,070,682	—	exited	−0.45 pp	—
LYVLive Nation Entertainment Inc.	—	−1,494,413	—	exited	−0.41 pp	—
DECKDeckers Outdoor Corp	—	−353,201	—	exited	−0.38 pp	—
MSFTMicrosoft Corp	—	−457,536	—	exited	−0.38 pp	—
TJXTJX Companies, Inc. (The)	—	−964,250	—	exited	−0.25 pp	—
UAAUnder Armour, Inc.	—	−3,884,714	—	exited	−0.25 pp	—
LYFTLyft, Inc. Class A	—	−1,041,995	—	exited	−0.19 pp	—
ALGNAlign Technology Inc	—	−87,875	—	exited	−0.18 pp	—
ROKURoku, Inc. Class A	—	−146,153	—	exited	−0.18 pp	—
UAUnder Armour, Inc. Class C, $0.0003 1/3 par value	—	−2,925,676	—	exited	−0.16 pp	—
GDOTGreen Dot Corporation	—	−711,040	—	exited	−0.15 pp	—
AEOAmerican Eagle Outfitters	—	−1,710,320	—	exited	−0.13 pp	—
FWONKLiberty Media Corporation Series C Liberty Formula One	—	−832,358	—	exited	−0.13 pp	—
URBNUrban Outfitters Inc	—	−1,005,942	—	exited	−0.10 pp	—
BEKEKE Holdings Inc.	—	−406,538	—	exited	−0.09 pp	—
MELIMercado Libre, Inc	—	−10,133	—	exited	−0.06 pp	—
GTMZoomInfo Technologies Inc	—	−189,144	—	exited	−0.03 pp	—
SRNESorrento Therapeutics Inc	—	−750,000	—	exited	−0.02 pp	—
unresolvedAtlassian Corp Plc	—	−891	—	exited	0.00 pp	—