Coatue

Q1 2023 13F · by Philippe Laffont, founder

As of: Mar 31, 2023
Filed: May 12, 2023
US stock: $15.0B · prev $8.9B
Positions: 74 · prev 72
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%

Moves93 since the prior filing

+25.7 pp in · −25.6 pp out

New 23 +9.28 pp
Added 36 +16.46 pp
Trimmed 13 −15.98 pp
Exited 21 −9.67 pp

The book

Concentrated · behaves like 19 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

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

Low
Moderate
High

Top 5 positions40% of US stock

Positions74 in this filing · 21 exited


METAMeta Platforms, Inc. Class A	11.36%	8,061,803	$1.7B	added×2.1	+6.26 pp	39 q
NVDANvidia Corp	9.20%	4,980,202	$1.4B	added+7%	+1.60 pp	8 q
TSLATesla, Inc.	6.69%	4,850,954	$1.0B	added+15%	+0.87 pp	13 q
MRNAModerna, Inc.	6.68%	6,546,104	$1.0B	added+2%	−6.20 pp	9 q
NFLXNetFlix Inc	6.27%	2,727,906	$942M	added×2.0	+1.85 pp	40 q
MSFTMicrosoft Corp	6.05%	3,156,034	$910M	added+100%	+1.80 pp	7 q
AMDAdvanced Micro Devices	5.54%	8,507,170	$834M	added+51%	+1.44 pp	3 q
XYZBlock, Inc.	4.51%	9,882,541	$678M	added+84%	+0.72 pp	16 q
ADBEAdobe Inc.	4.00%	1,560,162	$601M	added+34%	−0.39 pp	3 q
AMZNAmazon.Com Inc	3.80%	5,529,793	$571M	added+13%	−0.83 pp	40 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	3.65%	5,900,863	$549M	new	+3.65 pp	new
GOOGLAlphabet Inc. Class A	3.45%	5,003,268	$519M	added×13.9	+3.09 pp	2 q
LRCXLam Research Corp	2.92%	827,547	$439M	added+72%	+0.65 pp	3 q
DISThe Walt Disney Company	1.96%	2,950,000	$295M	added×20.1	+1.82 pp	15 q
CHTRCharter Comm Inc Del CL A New	1.88%	791,742	$283M	added×4.8	+1.25 pp	2 q
AMATApplied Materials Inc	1.69%	2,072,390	$255M	added×2.8	+0.87 pp	3 q
DOCUDocuSign, Inc.	1.68%	4,329,808	$252M	added+58%	−0.02 pp	5 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.60%	507,817	$240M	new	+1.60 pp	new
0C3Endeavor Group Hold-class A	1.47%	9,244,190	$221M	trimmed−35%	−2.11 pp	8 q
INTUIntuit Inc	1.34%	451,266	$201M	added+20%	−0.31 pp	3 q
UBERUber Technologies, Inc.	1.27%	6,021,805	$191M	added+63%	+0.25 pp	16 q
BABAAlibaba Group Holding Limited	1.03%	1,516,924	$155M	trimmed−70%	−3.91 pp	6 q
ENPHEnphase Energy, Inc.	1.00%	714,442	$150M	trimmed−37%	−2.39 pp	5 q
CRWDCrowdStrike Holdings, Inc. Class A	0.88%	962,825	$132M	added×33.5	+0.85 pp	13 q
GOOGAlphabet Inc. Class C	0.84%	1,209,581	$126M	new	+0.84 pp	new
FCNCAFirst Citizens BancShares Inc	0.84%	129,352	$126M	new	+0.84 pp	new
NXPINXP Semiconductors N.V.	0.55%	446,673	$83M	added+31%	−0.05 pp	3 q
PDDPDD Holdings Inc.	0.47%	922,084	$70M	added+42%	−0.12 pp	4 q
PINSPinterest, Inc. Class A	0.46%	2,531,352	$69M	added×2.0	+0.12 pp	11 q
ONON Semiconductor Corp	0.42%	767,470	$63M	new	+0.42 pp	new
GNRCGenerac Holdings Inc	0.40%	560,822	$61M	added+49%	−0.03 pp	3 q
DASHDoorDash, Inc. Class A	0.39%	933,456	$59M	trimmed−67%	−1.14 pp	10 q
SESea Limited	0.39%	678,308	$59M	added×11.3	+0.35 pp	16 q
CRMSalesforce, Inc.	0.37%	279,723	$56M	new	+0.37 pp	new
BEKEKE Holdings Inc.	0.35%	2,825,761	$53M	added+65%	+0.08 pp	7 q
ZZillow Group, Inc. Class C	0.35%	1,179,400	$52M	held	—	11 q
PATHUiPath, Inc.	0.34%	2,897,402	$51M	added+68%	+0.09 pp	4 q
AIC3.ai, Inc.	0.33%	1,500,000	$50M	new	+0.33 pp	new
COINCoinbase Global, Inc. Class A	0.29%	637,046	$43M	new	+0.29 pp	new
RIVNRivian Automotive, Inc. Class A	0.28%	2,706,705	$42M	trimmed−68%	−1.44 pp	6 q
PTONPeloton Interactive, Inc. Class A	0.21%	2,818,787	$32M	trimmed−71%	−0.66 pp	14 q
HCPHashiCorp, Inc. Class A	0.20%	1,010,380	$30M	added×4.8	+0.14 pp	4 q
JDJD.com, Inc.	0.20%	668,417	$29M	trimmed−83%	−2.35 pp	8 q
GMEGameStop Corp. Class A	0.19%	1,217,228	$28M	added×3.2	+0.11 pp	5 q
UPSTUpstart Holdings, Inc.	0.18%	1,664,843	$26M	added×2.0	+0.06 pp	4 q
PARAParamount Global-class B	0.16%	1,056,068	$24M	new	+0.16 pp	new
unresolvedAmc Entmt Hldgs Inc	0.14%	4,212,158	$21M	added+39%	0.00 pp	5 q
BZKANZHUN LIMITED American Depository Shares	0.13%	1,037,548	$20M	added×2.5	+0.04 pp	4 q
APPApplovin Corporation Class A	0.12%	1,153,420	$18M	added×3.2	+0.08 pp	2 q
PLTRPalantir Technologies Inc. Class A	0.12%	2,166,246	$18M	new	+0.12 pp	new
RUNSunrun Inc	0.11%	838,677	$17M	added0%	−0.12 pp	2 q
ZGZillow Group Inc Class A	0.11%	387,889	$17M	trimmed−7%	−0.04 pp	11 q
HTHTH World Group Limited	0.10%	312,833	$15M	added+86%	+0.02 pp	2 q
VSXYVictorias Secret & Co.	0.10%	446,493	$15M	trimmed−45%	−0.23 pp	7 q
MNDYmonday.com Ltd.	0.10%	106,414	$15M	new	+0.10 pp	new
SPAQFisker Inc	0.08%	1,854,445	$11M	new	+0.08 pp	new
NVAXNovavax Inc	0.08%	1,766,059	$12M	added×5.8	+0.04 pp	5 q
QSQuantumScape Corporation Class A	0.08%	1,409,545	$12M	added×58.0	+0.08 pp	9 q
RNGRingcentral, Inc.	0.08%	411,351	$13M	new	+0.08 pp	new
CVNACarvana Co.	0.07%	1,115,980	$11M	new	+0.07 pp	new
CCIVLucid Group, Inc.	0.07%	1,372,656	$11M	new	+0.07 pp	new
LILi Auto Inc.	0.06%	336,306	$8M	trimmed−76%	−0.26 pp	2 q
BYNDBeyond Meat, Inc.	0.05%	490,640	$8M	new	+0.05 pp	new
unresolvedChargePoint Holdings Inc	0.05%	653,642	$7M	new	+0.05 pp	new
SFIXStitch Fix, Inc. Class A	0.05%	1,342,810	$7M	new	+0.05 pp	new
HTZWWHertz Global Holdings	0.04%	762,095	$7M	new	+0.04 pp	new
PLUGPlug Power Inc.	0.04%	475,000	$6M	held	—	2 q
LINLinde plc	0.03%	11,206	$4M	new	+0.03 pp	new
APIAgora, Inc.	0.02%	896,956	$3M	new	+0.02 pp	new
unresolvedSingular Genomics Systems In	0.02%	1,947,472	$2M	trimmed−8%	−0.03 pp	8 q
HTZHertz Global Holdings, Inc	0.01%	106,823	$2M	new	+0.01 pp	new
unresolvedNikola Corp	0.01%	1,517,213	$2M	new	+0.01 pp	new
PYPLPayPal Holdings, Inc.	0.01%	27,168	$2M	trimmed−98%	−1.27 pp	29 q
TCOMTrip.com Group Limited	0.01%	40,693	$2M	trimmed−90%	−0.15 pp	4 q
AVGOBroadcom Inc.	—	−317,584	—	exited	−1.99 pp	—
BBWIBath & Body Works, Inc.	—	−3,214,424	—	exited	−1.52 pp	—
BNTXBioNTech SE	—	−618,231	—	exited	−1.04 pp	—
GTLBGitLab Inc. Class A	—	−1,610,357	—	exited	−0.82 pp	—
EFXEquifax, Incorporated	—	−295,362	—	exited	−0.64 pp	—
OKTAOkta, Inc. Class A	—	−771,743	—	exited	−0.59 pp	—
MRVLMarvell Technology, Inc.	—	−1,071,715	—	exited	−0.45 pp	—
SOFISoFi Technologies, Inc.	—	−8,266,520	—	exited	−0.43 pp	—
TWLOTwilio Inc.	—	−679,903	—	exited	−0.37 pp	—
SNOWSnowflake Inc.	—	−223,080	—	exited	−0.36 pp	—
SIVBQSvb Financial Group	—	−111,447	—	exited	−0.29 pp	—
MELIMercado Libre, Inc	—	−29,529	—	exited	−0.28 pp	—
SYNASynaptics Inc	—	−234,521	—	exited	−0.25 pp	—
CFLTConfluent, Inc. Class A	—	−964,582	—	exited	−0.24 pp	—
MLCOMelco Resorts & Entertainment Limited	—	−988,981	—	exited	−0.13 pp	—
SNAPSnap Inc.	—	−1,106,403	—	exited	−0.11 pp	—
TALTAL Education Group	—	−703,173	—	exited	−0.06 pp	—
EDUNew Oriental Education and Technology Group, Inc.	—	−134,939	—	exited	−0.05 pp	—
BIDUBaidu, Inc.	—	−15,526	—	exited	−0.02 pp	—
GDSGDS Holdings Limited	—	−93,764	—	exited	−0.02 pp	—
ASMLASML Holding NV	—	−1,364	—	exited	−0.01 pp	—