Coatue

Q2 2023 13F · by Philippe Laffont, founder

As of: Jun 30, 2023
Filed: Aug 11, 2023
US stock: $20.4B · prev $15.0B
Positions: 91 · prev 74
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

+21.9 pp in · −17.8 pp out

New 23 +11.42 pp
Added 21 +10.46 pp
Trimmed 27 −15.86 pp
Exited 6 −1.91 pp

The book

Concentrated · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 50% a year, about 2.0 years per position

Low
Moderate
High

Top 5 positions42% of US stock

Positions91 in this filing · 6 exited


NVDANvidia Corp	9.63%	4,644,970	$2.0B	trimmed−7%	+0.43 pp	9 q
MSFTMicrosoft Corp	8.83%	5,291,784	$1.8B	added+68%	+2.78 pp	8 q
METAMeta Platforms, Inc. Class A	7.98%	5,675,793	$1.6B	trimmed−30%	−3.38 pp	40 q
AMZNAmazon.Com Inc	7.95%	12,448,010	$1.6B	added×2.3	+4.15 pp	41 q
AMDAdvanced Micro Devices	7.80%	13,974,624	$1.6B	added+64%	+2.26 pp	4 q
TSLATesla, Inc.	5.99%	4,668,841	$1.2B	trimmed−4%	−0.70 pp	14 q
NFLXNetFlix Inc	4.31%	1,999,401	$881M	trimmed−27%	−1.96 pp	41 q
MRNAModerna, Inc.	3.90%	6,546,104	$795M	held	—	10 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	3.34%	6,758,691	$682M	added+15%	−0.31 pp	2 q
GOOGLAlphabet Inc. Class A	3.25%	5,548,338	$664M	added+11%	−0.20 pp	3 q
XYZBlock, Inc.	2.77%	8,491,001	$565M	trimmed−14%	−1.74 pp	17 q
ORCLOracle Corp	2.55%	4,363,761	$520M	new	+2.55 pp	new
LRCXLam Research Corp	2.52%	799,269	$514M	trimmed−3%	−0.40 pp	4 q
ADBEAdobe Inc.	2.39%	997,724	$488M	trimmed−36%	−1.61 pp	4 q
FCNCAFirst Citizens BancShares Inc	2.02%	321,575	$413M	added×2.5	+1.18 pp	2 q
EQIXEquinix, Inc.	1.88%	490,646	$385M	new	+1.88 pp	new
ETNEaton Corporation, plc	1.75%	1,778,533	$358M	new	+1.75 pp	new
AMATApplied Materials Inc	1.53%	2,162,584	$313M	added+4%	−0.16 pp	4 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.49%	634,947	$305M	added+25%	−0.11 pp	2 q
UBERUber Technologies, Inc.	1.46%	6,909,419	$298M	added+15%	+0.19 pp	17 q
DISThe Walt Disney Company	1.29%	2,950,000	$263M	held	—	16 q
INTUIntuit Inc	1.27%	564,322	$259M	added+25%	−0.07 pp	4 q
ULTAUlta Beauty, Inc.	1.06%	459,983	$216M	new	+1.06 pp	new
CHTRCharter Comm Inc Del CL A New	0.94%	524,128	$193M	trimmed−34%	−0.94 pp	3 q
0C3Endeavor Group Hold-class A	0.78%	6,628,602	$159M	trimmed−28%	−0.69 pp	9 q
DHRDanaher Corporation	0.77%	654,515	$157M	new	+0.77 pp	new
ALBAlbemarle Corporation	0.76%	691,853	$154M	new	+0.76 pp	new
CRWDCrowdStrike Holdings, Inc. Class A	0.69%	962,825	$141M	held	—	14 q
VRTVertiv Holdings Co Class A	0.56%	4,588,462	$114M	new	+0.56 pp	new
ENPHEnphase Energy, Inc.	0.50%	612,351	$103M	trimmed−14%	−0.50 pp	6 q
GNRCGenerac Holdings Inc	0.41%	560,822	$84M	held	—	4 q
LLYEli Lilly & Co.	0.40%	173,916	$82M	new	+0.40 pp	new
PARAParamount Global-class B	0.38%	4,895,917	$78M	added×4.6	+0.22 pp	2 q
DASHDoorDash, Inc. Class A	0.35%	933,456	$71M	held	—	11 q
PINSPinterest, Inc. Class A	0.34%	2,531,352	$69M	held	—	12 q
BEBloom Energy Corporation	0.33%	4,097,271	$67M	new	+0.33 pp	new
UPSTUpstart Holdings, Inc.	0.29%	1,664,843	$60M	held	—	5 q
ZZillow Group, Inc. Class C	0.29%	1,179,400	$59M	held	—	12 q
PATHUiPath, Inc.	0.28%	3,469,943	$57M	added+20%	−0.06 pp	5 q
DOCUDocuSign, Inc.	0.27%	1,096,316	$56M	trimmed−75%	−1.41 pp	6 q
PDDPDD Holdings Inc.	0.27%	811,523	$56M	trimmed−12%	−0.20 pp	5 q
RIVNRivian Automotive, Inc. Class A	0.27%	3,322,534	$55M	added+23%	−0.01 pp	7 q
AIC3.ai, Inc.	0.26%	1,474,430	$54M	trimmed−2%	−0.07 pp	2 q
PLUGPlug Power Inc.	0.25%	4,938,374	$51M	added×10.4	+0.21 pp	3 q
CCIVLucid Group, Inc.	0.22%	6,567,592	$45M	added×4.8	+0.15 pp	2 q
unresolvedChargePoint Holdings Inc	0.21%	4,761,822	$42M	added×7.3	+0.16 pp	2 q
NUNu Holdings Ltd.	0.20%	5,076,055	$40M	new	+0.20 pp	new
SESea Limited	0.19%	678,308	$39M	held	—	17 q
GAPThe Gap, Inc.	0.18%	4,097,135	$37M	new	+0.18 pp	new
NVCRNovoCure Limited	0.18%	885,675	$37M	new	+0.18 pp	new
SEDGSolarEdge Technologies, Inc.	0.17%	127,384	$34M	new	+0.17 pp	new
APPApplovin Corporation Class A	0.15%	1,153,420	$30M	held	—	3 q
HCPHashiCorp, Inc. Class A	0.13%	1,010,380	$26M	held	—	5 q
ONON Semiconductor Corp	0.13%	276,764	$26M	trimmed−64%	−0.29 pp	2 q
ROKURoku, Inc. Class A	0.13%	428,806	$27M	new	+0.13 pp	new
CEGConstellation Energy Corporation	0.12%	261,358	$24M	new	+0.12 pp	new
QSQuantumScape Corporation Class A	0.12%	3,065,753	$24M	added×2.2	+0.04 pp	10 q
ZGZillow Group Inc Class A	0.12%	482,271	$24M	added+24%	+0.01 pp	12 q
NVONovo-Nordisk A/S	0.11%	135,314	$22M	new	+0.11 pp	new
RCIRogers Communications, Inc.	0.11%	481,319	$22M	new	+0.11 pp	new
PTONPeloton Interactive, Inc. Class A	0.09%	2,500,000	$19M	trimmed−11%	−0.12 pp	15 q
NXPINXP Semiconductors N.V.	0.09%	89,049	$18M	trimmed−80%	−0.46 pp	4 q
unresolvedAmc Entmt Hldgs Inc	0.07%	3,297,756	$15M	trimmed−22%	−0.07 pp	6 q
SPAQFisker Inc	0.07%	2,380,754	$13M	added+28%	−0.01 pp	2 q
RNGRingcentral, Inc.	0.07%	411,351	$13M	held	—	2 q
CVNACarvana Co.	0.06%	500,000	$13M	trimmed−55%	−0.01 pp	2 q
BABAAlibaba Group Holding Limited	0.05%	133,003	$11M	trimmed−91%	−0.98 pp	7 q
JDJD.com, Inc.	0.05%	288,663	$10M	trimmed−57%	−0.15 pp	9 q
BEKEKE Holdings Inc.	0.05%	640,830	$10M	trimmed−77%	−0.30 pp	8 q
RUNSunrun Inc	0.05%	605,688	$11M	trimmed−28%	−0.06 pp	3 q
HTZWWHertz Global Holdings	0.04%	762,095	$8M	held	—	2 q
HTHTH World Group Limited	0.04%	203,961	$8M	trimmed−35%	−0.06 pp	3 q
unresolvedNikola Corp	0.04%	5,255,539	$7M	added×3.5	+0.03 pp	2 q
NVAXNovavax Inc	0.04%	1,039,123	$8M	trimmed−41%	−0.04 pp	6 q
OLPXOlaplex Hldgs Inc	0.04%	2,123,510	$8M	new	+0.04 pp	new
VSXYVictorias Secret & Co.	0.04%	446,493	$8M	held	—	8 q
BIDUBaidu, Inc.	0.03%	40,105	$5M	new	+0.03 pp	new
BYNDBeyond Meat, Inc.	0.03%	490,640	$6M	held	—	2 q
CROXCrocs, Inc.	0.03%	58,049	$7M	new	+0.03 pp	new
BZKANZHUN LIMITED American Depository Shares	0.03%	448,316	$7M	trimmed−57%	−0.10 pp	5 q
SFIXStitch Fix, Inc. Class A	0.03%	1,342,810	$5M	held	—	2 q
ZTOZTO Express (Cayman) Inc.	0.03%	262,184	$7M	new	+0.03 pp	new
LILi Auto Inc.	0.02%	132,835	$5M	trimmed−61%	−0.04 pp	3 q
TCOMTrip.com Group Limited	0.02%	99,142	$3M	added×2.4	+0.01 pp	5 q
BTDRBitdeer Technologies Group Class A	0.02%	446,579	$5M	new	+0.02 pp	new
LINLinde plc	0.02%	11,206	$4M	held	—	2 q
APIAgora, Inc.	0.01%	896,956	$3M	held	—	2 q
GDSGDS Holdings Limited	0.01%	140,044	$2M	new	+0.01 pp	new
HTZHertz Global Holdings, Inc	0.01%	106,823	$2M	held	—	2 q
PYPLPayPal Holdings, Inc.	0.01%	27,168	$2M	held	—	30 q
unresolvedSingular Genomics Systems In	0.01%	1,679,372	$1M	trimmed−14%	−0.01 pp	9 q
GOOGAlphabet Inc. Class C	—	−1,209,581	—	exited	−0.84 pp	—
CRMSalesforce, Inc.	—	−279,723	—	exited	−0.37 pp	—
COINCoinbase Global, Inc. Class A	—	−637,046	—	exited	−0.29 pp	—
GMEGameStop Corp. Class A	—	−1,217,228	—	exited	−0.19 pp	—
PLTRPalantir Technologies Inc. Class A	—	−2,166,246	—	exited	−0.12 pp	—
MNDYmonday.com Ltd.	—	−106,414	—	exited	−0.10 pp	—