Coatue

Q3 2023 13F · by Philippe Laffont, founder

As of: Sep 30, 2023
Filed: Nov 13, 2023
US stock: $19.7B · prev $20.4B
Positions: 86 · prev 91
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%

Moves80 since the prior filing

+18.8 pp in · −18.7 pp out

New 10 +5.72 pp
Added 23 +13.10 pp
Trimmed 32 −15.18 pp
Exited 15 −3.47 pp

The book

Focused · behaves like 22 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 67% a year, about 1.5 years per position

Low
Moderate
High

Top 5 positions39% of US stock

Positions86 in this filing · 15 exited


NVDANvidia Corp	10.02%	4,541,040	$2.0B	trimmed−2%	+0.39 pp	10 q
METAMeta Platforms, Inc. Class A	9.40%	6,172,071	$1.9B	added+9%	+1.42 pp	41 q
AMZNAmazon.Com Inc	6.84%	10,605,668	$1.3B	trimmed−15%	−1.11 pp	42 q
AMDAdvanced Micro Devices	6.50%	12,462,515	$1.3B	trimmed−11%	−1.30 pp	5 q
MSFTMicrosoft Corp	6.14%	3,833,204	$1.2B	trimmed−28%	−2.69 pp	9 q
TSLATesla, Inc.	5.11%	4,025,494	$1.0B	trimmed−14%	−0.88 pp	15 q
ETNEaton Corporation, plc	4.10%	3,790,636	$808M	added×2.1	+2.35 pp	2 q
INTUIntuit Inc	3.89%	1,501,205	$767M	added×2.7	+2.62 pp	5 q
NFLXNetFlix Inc	3.83%	1,996,887	$754M	trimmed−0%	−0.48 pp	42 q
GOOGLAlphabet Inc. Class A	3.44%	5,183,473	$678M	trimmed−7%	+0.19 pp	4 q
ADBEAdobe Inc.	3.19%	1,232,163	$628M	added+24%	+0.80 pp	5 q
MRNAModerna, Inc.	2.57%	4,909,578	$507M	trimmed−25%	−1.33 pp	11 q
FCNCAFirst Citizens BancShares Inc	2.39%	340,844	$470M	added+6%	+0.37 pp	3 q
EQIXEquinix, Inc.	2.32%	629,487	$457M	added+28%	+0.44 pp	2 q
LRCXLam Research Corp	2.26%	711,661	$446M	trimmed−11%	−0.26 pp	5 q
VRTVertiv Holdings Co Class A	2.18%	11,562,495	$430M	added×2.5	+1.62 pp	2 q
NUNu Holdings Ltd.	2.03%	55,135,409	$400M	added×10.9	+1.83 pp	2 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.63%	636,966	$321M	added0%	+0.14 pp	3 q
UBERUber Technologies, Inc.	1.61%	6,909,419	$318M	held	—	18 q
CARTMaplebear Inc.	1.55%	10,277,443	$305M	new	+1.55 pp	new
SHOPShopify Inc. Class A subordinate voting shares	1.55%	5,616,241	$306M	new	+1.55 pp	new
DISThe Walt Disney Company	1.21%	2,950,000	$239M	held	—	17 q
ORCLOracle Corp	1.20%	2,236,145	$237M	trimmed−49%	−1.35 pp	2 q
ISRGIntuitive Surgical Inc.	1.16%	785,541	$230M	new	+1.16 pp	new
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.05%	2,371,563	$206M	trimmed−65%	−2.29 pp	3 q
AMATApplied Materials Inc	1.03%	1,468,915	$203M	trimmed−32%	−0.50 pp	5 q
CHTRCharter Comm Inc Del CL A New	0.95%	425,434	$187M	trimmed−19%	+0.01 pp	4 q
LLYEli Lilly & Co.	0.95%	349,650	$188M	added×2.0	+0.55 pp	2 q
GOOGAlphabet Inc. Class C	0.87%	1,294,258	$171M	new	+0.87 pp	new
DHRDanaher Corporation	0.83%	656,004	$163M	added0%	+0.06 pp	2 q
ALBAlbemarle Corporation	0.51%	591,603	$101M	trimmed−14%	−0.25 pp	2 q
PDDPDD Holdings Inc.	0.44%	876,210	$86M	added+8%	+0.17 pp	6 q
SEDGSolarEdge Technologies, Inc.	0.44%	676,475	$88M	added×5.3	+0.27 pp	2 q
CRWDCrowdStrike Holdings, Inc. Class A	0.41%	477,265	$80M	trimmed−50%	−0.28 pp	15 q
RIVNRivian Automotive, Inc. Class A	0.38%	3,073,203	$75M	trimmed−8%	+0.11 pp	8 q
PINSPinterest, Inc. Class A	0.35%	2,531,352	$68M	held	—	13 q
PARAParamount Global-class B	0.32%	4,894,992	$63M	trimmed−0%	−0.06 pp	3 q
GNRCGenerac Holdings Inc	0.31%	560,822	$61M	held	—	5 q
PATHUiPath, Inc.	0.30%	3,469,943	$59M	held	—	6 q
AIC3.ai, Inc.	0.29%	2,263,860	$58M	added+54%	+0.03 pp	3 q
ZZillow Group, Inc. Class C	0.28%	1,179,400	$54M	held	—	13 q
UPSTUpstart Holdings, Inc.	0.24%	1,664,843	$48M	held	—	6 q
APPApplovin Corporation Class A	0.23%	1,153,420	$46M	held	—	4 q
BEBloom Energy Corporation	0.23%	3,458,848	$46M	trimmed−16%	−0.10 pp	2 q
KWEBKraneShares CSI China Internet ETF	0.23%	1,659,177	$45M	new	+0.23 pp	new
NVONovo-Nordisk A/S	0.23%	490,716	$45M	added+81%	+0.12 pp	2 q
GAPThe Gap, Inc.	0.22%	4,011,859	$43M	trimmed−2%	+0.04 pp	2 q
QSQuantumScape Corporation Class A	0.20%	5,986,675	$40M	added+95%	+0.08 pp	11 q
XYZBlock, Inc.	0.19%	833,354	$37M	trimmed−90%	−2.58 pp	18 q
BABAAlibaba Group Holding Limited	0.16%	360,854	$31M	added×2.7	+0.11 pp	8 q
MPTMedical Properties Trust, Inc.	0.16%	5,745,671	$31M	new	+0.16 pp	new
NXPINXP Semiconductors N.V.	0.16%	154,818	$31M	added+74%	+0.07 pp	5 q
BEKEKE Holdings Inc.	0.15%	1,859,923	$29M	added×2.9	+0.10 pp	9 q
SESea Limited	0.15%	678,308	$30M	held	—	18 q
unresolvedChargePoint Holdings Inc	0.12%	4,866,418	$24M	added+2%	−0.09 pp	3 q
ONON Semiconductor Corp	0.12%	260,786	$24M	trimmed−6%	−0.01 pp	3 q
CCIVLucid Group, Inc.	0.11%	3,814,959	$21M	trimmed−42%	−0.11 pp	3 q
ZGZillow Group Inc Class A	0.11%	482,271	$22M	held	—	13 q
PLUGPlug Power Inc.	0.10%	2,606,524	$20M	trimmed−47%	−0.15 pp	4 q
EDUNew Oriental Education and Technology Group, Inc.	0.09%	288,126	$17M	new	+0.09 pp	new
HCPHashiCorp, Inc. Class A	0.08%	717,478	$16M	trimmed−29%	−0.05 pp	6 q
PLTRPalantir Technologies Inc. Class A	0.07%	893,931	$14M	new	+0.07 pp	new
NVCRNovoCure Limited	0.07%	885,675	$14M	held	—	2 q
SPAQFisker Inc	0.06%	1,901,861	$12M	trimmed−20%	−0.01 pp	3 q
HTHTH World Group Limited	0.06%	306,819	$12M	added+50%	+0.02 pp	4 q
PTONPeloton Interactive, Inc. Class A	0.06%	2,500,000	$13M	held	—	16 q
RNGRingcentral, Inc.	0.06%	411,351	$12M	held	—	3 q
RCIRogers Communications, Inc.	0.06%	303,876	$12M	trimmed−37%	−0.05 pp	2 q
CROXCrocs, Inc.	0.05%	109,930	$10M	added+89%	+0.02 pp	2 q
JDJD.com, Inc.	0.04%	252,186	$7M	trimmed−13%	−0.01 pp	10 q
unresolvedNikola Corp	0.04%	5,217,586	$8M	trimmed−1%	0.00 pp	3 q
VSXYVictorias Secret & Co.	0.04%	446,493	$7M	held	—	9 q
BZKANZHUN LIMITED American Depository Shares	0.03%	446,483	$7M	trimmed−0%	0.00 pp	6 q
PSAPublic Storage	0.03%	22,606	$6M	new	+0.03 pp	new
ZTOZTO Express (Cayman) Inc.	0.03%	256,171	$6M	trimmed−2%	0.00 pp	2 q
BYNDBeyond Meat, Inc.	0.02%	490,640	$5M	held	—	3 q
HTZWWHertz Global Holdings	0.02%	762,095	$5M	held	—	3 q
SFIXStitch Fix, Inc. Class A	0.02%	1,342,810	$5M	held	—	3 q
TCOMTrip.com Group Limited	0.02%	124,839	$4M	added+26%	0.00 pp	6 q
BTDRBitdeer Technologies Group Class A	0.02%	446,579	$4M	held	—	2 q
AMCAmc Entertainment Holdings, Inc.	0.01%	228,136	$2M	new	+0.01 pp	new
APIAgora, Inc.	0.01%	896,956	$2M	held	—	3 q
HTZHertz Global Holdings, Inc	0.01%	106,823	$1M	held	—	3 q
OLPXOlaplex Hldgs Inc	0.01%	1,416,810	$3M	trimmed−33%	−0.03 pp	2 q
PYPLPayPal Holdings, Inc.	0.01%	27,168	$2M	held	—	31 q
RUNSunrun Inc	0.01%	165,576	$2M	trimmed−73%	−0.04 pp	4 q
ULTAUlta Beauty, Inc.	—	−459,983	—	exited	−1.06 pp	—
0C3Endeavor Group Hold-class A	—	−6,628,602	—	exited	−0.78 pp	—
ENPHEnphase Energy, Inc.	—	−612,351	—	exited	−0.50 pp	—
DASHDoorDash, Inc. Class A	—	−933,456	—	exited	−0.35 pp	—
DOCUDocuSign, Inc.	—	−1,096,316	—	exited	−0.27 pp	—
ROKURoku, Inc. Class A	—	−428,806	—	exited	−0.13 pp	—
CEGConstellation Energy Corporation	—	−261,358	—	exited	−0.12 pp	—
unresolvedAmc Entmt Hldgs Inc	—	−3,297,756	—	exited	−0.07 pp	—
CVNACarvana Co.	—	−500,000	—	exited	−0.06 pp	—
NVAXNovavax Inc	—	−1,039,123	—	exited	−0.04 pp	—
BIDUBaidu, Inc.	—	−40,105	—	exited	−0.03 pp	—
LILi Auto Inc.	—	−132,835	—	exited	−0.02 pp	—
LINLinde plc	—	−11,206	—	exited	−0.02 pp	—
GDSGDS Holdings Limited	—	−140,044	—	exited	−0.01 pp	—
unresolvedSingular Genomics Systems In	—	−1,679,372	—	exited	−0.01 pp	—