Coatue

Q4 2023 13F · by Philippe Laffont, founder

As of: Dec 31, 2023
Filed: Feb 13, 2024
US stock: $23.8B · prev $19.7B
Positions: 100 · prev 86
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%

Moves107 since the prior filing

+16.5 pp in · −15.6 pp out

New 29 +12.62 pp
Added 19 +3.87 pp
Trimmed 44 −14.24 pp
Exited 15 −1.34 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

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

Low
Moderate
High

Top 5 positions37% of US stock

Positions100 in this filing · 15 exited


NVDANvidia Corp	8.98%	4,322,201	$2.1B	trimmed−5%	−1.04 pp	11 q
METAMeta Platforms, Inc. Class A	8.36%	5,629,672	$2.0B	trimmed−9%	−1.04 pp	42 q
AMDAdvanced Micro Devices	7.72%	12,485,898	$1.8B	added0%	+1.22 pp	6 q
AMZNAmazon.Com Inc	6.26%	9,829,062	$1.5B	trimmed−7%	−0.58 pp	43 q
MSFTMicrosoft Corp	6.01%	3,811,935	$1.4B	trimmed−1%	−0.13 pp	10 q
NFLXNetFlix Inc	4.66%	2,280,785	$1.1B	added+14%	+0.83 pp	43 q
TSLATesla, Inc.	4.23%	4,056,841	$1.0B	added+1%	−0.88 pp	16 q
ETNEaton Corporation, plc	4.03%	3,986,445	$960M	added+5%	−0.07 pp	3 q
ADBEAdobe Inc.	3.69%	1,475,381	$880M	added+20%	+0.50 pp	6 q
VRTVertiv Holdings Co Class A	2.78%	13,811,848	$663M	added+19%	+0.60 pp	3 q
CRMSalesforce, Inc.	2.37%	2,144,062	$564M	new	+2.37 pp	new
LRCXLam Research Corp	2.24%	681,114	$533M	trimmed−4%	−0.02 pp	6 q
NUNu Holdings Ltd.	2.20%	63,021,947	$525M	added+14%	+0.17 pp	3 q
FCNCAFirst Citizens BancShares Inc	2.03%	341,114	$484M	added0%	−0.36 pp	4 q
INTUIntuit Inc	2.02%	771,339	$482M	trimmed−49%	−1.87 pp	6 q
AAPLApple Inc.	1.97%	2,444,368	$471M	new	+1.97 pp	new
EQIXEquinix, Inc.	1.90%	561,562	$452M	trimmed−11%	−0.42 pp	3 q
SHOPShopify Inc. Class A subordinate voting shares	1.90%	5,817,201	$453M	added+4%	+0.35 pp	2 q
ISRGIntuitive Surgical Inc.	1.84%	1,301,595	$439M	added+66%	+0.68 pp	2 q
MRNAModerna, Inc.	1.37%	3,273,052	$326M	trimmed−33%	−1.20 pp	12 q
DPZDomino's Pizza Inc.	1.35%	783,202	$323M	new	+1.35 pp	new
DOCUDocuSign, Inc.	1.21%	4,849,014	$288M	new	+1.21 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.17%	530,384	$279M	trimmed−17%	−0.46 pp	4 q
DISThe Walt Disney Company	1.12%	2,950,000	$266M	held	—	18 q
GOOGLAlphabet Inc. Class A	1.10%	1,881,131	$263M	trimmed−64%	−2.34 pp	5 q
UBERUber Technologies, Inc.	1.04%	4,041,892	$249M	trimmed−42%	−0.57 pp	19 q
CARTMaplebear Inc.	1.01%	10,277,443	$241M	held	—	2 q
AMATApplied Materials Inc	0.98%	1,446,802	$234M	trimmed−2%	−0.05 pp	6 q
ORCLOracle Corp	0.96%	2,176,533	$229M	trimmed−3%	−0.24 pp	3 q
NOWServicenow, Inc.	0.71%	238,102	$168M	new	+0.71 pp	new
BILLBILL Holdings, Inc.	0.68%	2,000,466	$163M	new	+0.68 pp	new
FFord Motor Company	0.63%	12,235,585	$149M	new	+0.63 pp	new
DHRDanaher Corporation	0.58%	597,110	$138M	trimmed−9%	−0.25 pp	3 q
CFLTConfluent, Inc. Class A	0.56%	5,732,133	$134M	new	+0.56 pp	new
CHTRCharter Comm Inc Del CL A New	0.54%	330,233	$128M	trimmed−22%	−0.41 pp	5 q
LLYEli Lilly & Co.	0.52%	213,340	$124M	trimmed−39%	−0.43 pp	3 q
CRWDCrowdStrike Holdings, Inc. Class A	0.51%	477,265	$122M	held	—	16 q
GTMZoomInfo Technologies Inc	0.51%	6,523,489	$121M	new	+0.51 pp	new
ILMNIllumina Inc	0.50%	856,689	$119M	new	+0.50 pp	new
PDDPDD Holdings Inc.	0.45%	738,420	$108M	trimmed−16%	+0.01 pp	7 q
CROXCrocs, Inc.	0.40%	1,029,765	$96M	added×9.4	+0.35 pp	3 q
ALBAlbemarle Corporation	0.36%	591,603	$85M	held	—	3 q
AIC3.ai, Inc.	0.34%	2,832,229	$81M	added+25%	+0.05 pp	4 q
BEKEKE Holdings Inc.	0.34%	5,015,918	$81M	added×2.7	+0.19 pp	10 q
BURLBurlington Stores, Inc.	0.33%	399,709	$78M	new	+0.33 pp	new
BEBloom Energy Corporation	0.28%	4,436,901	$66M	added+28%	+0.05 pp	3 q
SEDGSolarEdge Technologies, Inc.	0.27%	676,475	$63M	held	—	3 q
PLTRPalantir Technologies Inc. Class A	0.25%	3,447,363	$59M	added×3.9	+0.18 pp	2 q
RIVNRivian Automotive, Inc. Class A	0.25%	2,585,322	$61M	trimmed−16%	−0.13 pp	9 q
GMGeneral Motors Company	0.24%	1,596,001	$57M	new	+0.24 pp	new
PATHUiPath, Inc.	0.23%	2,255,011	$56M	trimmed−35%	−0.07 pp	7 q
UBSUBS Group AG	0.23%	1,778,323	$55M	new	+0.23 pp	new
NTESNetEase, inc.	0.22%	563,890	$53M	new	+0.22 pp	new
PINSPinterest, Inc. Class A	0.22%	1,441,588	$53M	trimmed−43%	−0.13 pp	14 q
CDNSCadence Design Systems	0.21%	186,048	$51M	new	+0.21 pp	new
SNPSSynopsys Inc	0.21%	95,058	$49M	new	+0.21 pp	new
GOOGAlphabet Inc. Class C	0.20%	337,422	$48M	trimmed−74%	−0.67 pp	2 q
APPApplovin Corporation Class A	0.19%	1,153,420	$46M	held	—	5 q
KWEBKraneShares CSI China Internet ETF	0.19%	1,664,814	$45M	added0%	−0.04 pp	2 q
INTCIntel Corp	0.17%	817,955	$41M	new	+0.17 pp	new
XYZBlock, Inc.	0.17%	536,355	$41M	trimmed−36%	−0.02 pp	19 q
NXPINXP Semiconductors N.V.	0.17%	171,850	$39M	added+11%	+0.01 pp	6 q
MPTMedical Properties Trust, Inc.	0.14%	6,806,501	$33M	added+18%	−0.02 pp	2 q
NEENextEra Energy, Inc.	0.14%	540,850	$33M	new	+0.14 pp	new
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.14%	312,466	$32M	trimmed−87%	−0.91 pp	4 q
ZZillow Group, Inc. Class C	0.14%	589,700	$34M	trimmed−50%	−0.14 pp	14 q
GNRCGenerac Holdings Inc	0.13%	235,911	$30M	trimmed−58%	−0.18 pp	6 q
NVONovo-Nordisk A/S	0.13%	311,011	$32M	trimmed−37%	−0.10 pp	3 q
UPSTUpstart Holdings, Inc.	0.12%	684,792	$28M	trimmed−59%	−0.12 pp	7 q
QSQuantumScape Corporation Class A	0.10%	3,344,927	$23M	trimmed−44%	−0.10 pp	12 q
ONON Semiconductor Corp	0.08%	220,296	$18M	trimmed−16%	−0.04 pp	4 q
TCOMTrip.com Group Limited	0.08%	514,396	$19M	added×4.1	+0.06 pp	7 q
ALLYAlly Financial Inc.	0.07%	473,161	$17M	new	+0.07 pp	new
IGViShares Expanded Tech-Software Sector ETF	0.07%	39,497	$16M	new	+0.07 pp	new
AFRMAffirm Holdings, Inc. Class A	0.06%	305,104	$15M	new	+0.06 pp	new
TALTAL Education Group	0.06%	1,061,714	$13M	new	+0.06 pp	new
BABAAlibaba Group Holding Limited	0.05%	157,774	$12M	trimmed−56%	−0.11 pp	9 q
SYMSymbotic Inc. Class A	0.05%	216,010	$11M	new	+0.05 pp	new
VSXYVictorias Secret & Co.	0.05%	446,493	$12M	held	—	10 q
ZGZillow Group Inc Class A	0.04%	185,681	$11M	trimmed−62%	−0.07 pp	14 q
BZKANZHUN LIMITED American Depository Shares	0.03%	404,846	$7M	trimmed−9%	0.00 pp	7 q
NVAXNovavax Inc	0.03%	1,519,594	$7M	new	+0.03 pp	new
HCPHashiCorp, Inc. Class A	0.02%	205,737	$5M	trimmed−71%	−0.06 pp	7 q
HTHTH World Group Limited	0.02%	161,567	$5M	trimmed−47%	−0.04 pp	5 q
NVCRNovoCure Limited	0.02%	348,119	$5M	trimmed−61%	−0.05 pp	3 q
BYNDBeyond Meat, Inc.	0.01%	147,247	$1M	trimmed−70%	−0.01 pp	4 q
FUTUFutu Holdings Limited	0.01%	30,161	$2M	new	+0.01 pp	new
GMEGameStop Corp. Class A	0.01%	75,000	$1M	new	+0.01 pp	new
TANInvesco Solar ETF	0.01%	47,291	$3M	new	+0.01 pp	new
EDUNew Oriental Education and Technology Group, Inc.	0.01%	46,352	$3M	trimmed−84%	−0.08 pp	2 q
PYPLPayPal Holdings, Inc.	0.01%	27,168	$2M	held	—	32 q
TMETencent Music Entertainment Group	0.01%	178,670	$2M	new	+0.01 pp	new
APIAgora, Inc.	0.00%	275,427	$724,373	trimmed−69%	−0.01 pp	4 q
BIDUBaidu, Inc.	0.00%	5,545	$660,354	new	0.00 pp	new
HTZWWHertz Global Holdings	0.00%	117,801	$645,549	trimmed−85%	−0.02 pp	4 q
JDJD.com, Inc.	0.00%	16,431	$474,692	trimmed−93%	−0.04 pp	11 q
unresolvedNikola Corp	0.00%	1,214,945	$1M	trimmed−77%	−0.04 pp	4 q
OLPXOlaplex Hldgs Inc	0.00%	151,842	$385,679	trimmed−89%	−0.01 pp	3 q
SFIXStitch Fix, Inc. Class A	0.00%	131,606	$469,833	trimmed−90%	−0.02 pp	4 q
ZTOZTO Express (Cayman) Inc.	0.00%	34,741	$739,288	trimmed−86%	−0.03 pp	3 q
PARAParamount Global-class B	—	−4,894,992	—	exited	−0.32 pp	—
GAPThe Gap, Inc.	—	−4,011,859	—	exited	−0.22 pp	—
SESea Limited	—	−678,308	—	exited	−0.15 pp	—
unresolvedChargePoint Holdings Inc	—	−4,866,418	—	exited	−0.12 pp	—
CCIVLucid Group, Inc.	—	−3,814,959	—	exited	−0.11 pp	—
PLUGPlug Power Inc.	—	−2,606,524	—	exited	−0.10 pp	—
SPAQFisker Inc	—	−1,901,861	—	exited	−0.06 pp	—
PTONPeloton Interactive, Inc. Class A	—	−2,500,000	—	exited	−0.06 pp	—
RNGRingcentral, Inc.	—	−411,351	—	exited	−0.06 pp	—
RCIRogers Communications, Inc.	—	−303,876	—	exited	−0.06 pp	—
PSAPublic Storage	—	−22,606	—	exited	−0.03 pp	—
BTDRBitdeer Technologies Group Class A	—	−446,579	—	exited	−0.02 pp	—
AMCAmc Entertainment Holdings, Inc.	—	−228,136	—	exited	−0.01 pp	—
HTZHertz Global Holdings, Inc	—	−106,823	—	exited	−0.01 pp	—
RUNSunrun Inc	—	−165,576	—	exited	−0.01 pp	—