Coatue

Q1 2024 13F · by Philippe Laffont, founder

As of: Mar 31, 2024
Filed: May 14, 2024
US stock: $25.5B · prev $23.8B
Positions: 91 · prev 100
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%

Moves115 since the prior filing

+28.3 pp in · −29.2 pp out

New 21 +11.73 pp
Added 36 +16.55 pp
Trimmed 28 −15.89 pp
Exited 30 −13.31 pp

The book

Focused · behaves like 26 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 107% a year, about 0.9 years per position

Low
Moderate
High

Top 5 positions32% of US stock

Positions91 in this filing · 30 exited


METAMeta Platforms, Inc. Class A	8.22%	4,316,144	$2.1B	trimmed−23%	−0.14 pp	43 q
AMZNAmazon.Com Inc	7.12%	10,070,576	$1.8B	added+2%	+0.86 pp	44 q
MSFTMicrosoft Corp	6.07%	3,680,970	$1.5B	trimmed−3%	+0.06 pp	11 q
CRMSalesforce, Inc.	5.55%	4,700,836	$1.4B	added×2.2	+3.18 pp	2 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	5.52%	10,340,018	$1.4B	added×33.1	+5.38 pp	5 q
ETNEaton Corporation, plc	5.09%	4,148,387	$1.3B	added+4%	+1.06 pp	4 q
NVDANvidia Corp	4.91%	1,385,141	$1.3B	trimmed−68%	−4.07 pp	12 q
AMDAdvanced Micro Devices	4.80%	6,781,846	$1.2B	trimmed−46%	−2.92 pp	7 q
VRTVertiv Holdings Co Class A	2.96%	9,245,342	$755M	trimmed−33%	+0.18 pp	4 q
NUNu Holdings Ltd.	2.94%	62,812,967	$749M	trimmed−0%	+0.74 pp	4 q
ADBEAdobe Inc.	2.83%	1,431,302	$722M	trimmed−3%	−0.86 pp	7 q
GOOGLAlphabet Inc. Class A	2.65%	4,478,469	$676M	added×2.4	+1.55 pp	6 q
NFLXNetFlix Inc	2.52%	1,057,004	$642M	trimmed−54%	−2.14 pp	44 q
QCOMQualcomm Inc	2.43%	3,663,166	$620M	new	+2.43 pp	new
AVGOBroadcom Inc.	2.17%	416,460	$552M	new	+2.17 pp	new
PYPLPayPal Holdings, Inc.	2.11%	8,041,327	$539M	added×296.0	+2.10 pp	33 q
ISRGIntuitive Surgical Inc.	2.00%	1,277,580	$510M	trimmed−2%	+0.16 pp	3 q
DELLDell Technologies Inc.	1.89%	4,220,918	$482M	new	+1.89 pp	new
FCNCAFirst Citizens BancShares Inc	1.84%	286,393	$468M	trimmed−16%	−0.19 pp	5 q
TSLATesla, Inc.	1.76%	2,559,248	$450M	trimmed−37%	−2.47 pp	17 q
LRCXLam Research Corp	1.69%	444,516	$432M	trimmed−35%	−0.55 pp	7 q
CARTMaplebear Inc.	1.50%	10,277,443	$383M	held	—	3 q
CEGConstellation Energy Corporation	1.49%	2,049,693	$379M	new	+1.49 pp	new
EQIXEquinix, Inc.	1.33%	411,492	$340M	trimmed−27%	−0.57 pp	4 q
INTUIntuit Inc	1.31%	515,578	$335M	trimmed−33%	−0.71 pp	7 q
DPZDomino's Pizza Inc.	1.24%	635,602	$316M	trimmed−19%	−0.11 pp	2 q
UBERUber Technologies, Inc.	1.22%	4,041,892	$311M	held	—	20 q
SHOPShopify Inc. Class A subordinate voting shares	1.11%	3,651,458	$282M	trimmed−37%	−0.79 pp	3 q
DOCUDocuSign, Inc.	1.06%	4,530,928	$270M	trimmed−7%	−0.15 pp	2 q
VSTVistra Corp.	0.88%	3,216,578	$224M	new	+0.88 pp	new
XYZBlock, Inc.	0.76%	2,290,763	$194M	added×4.3	+0.59 pp	20 q
LLYEli Lilly & Co.	0.74%	244,110	$190M	added+14%	+0.22 pp	4 q
BURLBurlington Stores, Inc.	0.73%	805,892	$187M	added×2.0	+0.40 pp	2 q
GOOGAlphabet Inc. Class C	0.70%	1,172,016	$178M	added×3.5	+0.50 pp	3 q
ASMLASML Holding NV	0.70%	184,927	$179M	new	+0.70 pp	new
CRWDCrowdStrike Holdings, Inc. Class A	0.60%	477,265	$153M	held	—	17 q
NOWServicenow, Inc.	0.48%	158,942	$121M	trimmed−33%	−0.23 pp	2 q
ENPHEnphase Energy, Inc.	0.47%	989,200	$120M	new	+0.47 pp	new
PLTRPalantir Technologies Inc. Class A	0.43%	4,816,195	$111M	added+40%	+0.18 pp	3 q
DKNGDraftKings Inc. Class A	0.41%	2,296,623	$104M	new	+0.41 pp	new
PDDPDD Holdings Inc.	0.41%	902,378	$105M	added+22%	−0.04 pp	8 q
DHRDanaher Corporation	0.33%	334,127	$83M	trimmed−44%	−0.25 pp	4 q
APPApplovin Corporation Class A	0.31%	1,153,420	$80M	held	—	6 q
GMGeneral Motors Company	0.28%	1,546,994	$70M	trimmed−3%	+0.04 pp	2 q
LILi Auto Inc.	0.26%	2,218,425	$67M	new	+0.26 pp	new
GNRCGenerac Holdings Inc	0.24%	477,108	$60M	added×2.0	+0.11 pp	7 q
KWEBKraneShares CSI China Internet ETF	0.24%	2,332,408	$61M	added+40%	+0.05 pp	3 q
AIC3.ai, Inc.	0.22%	2,084,198	$56M	trimmed−26%	−0.12 pp	5 q
PINSPinterest, Inc. Class A	0.22%	1,594,764	$55M	added+11%	0.00 pp	15 q
PATHUiPath, Inc.	0.22%	2,436,400	$55M	added+8%	−0.01 pp	8 q
FXIiShares China Large-Cap ETF	0.20%	2,067,034	$50M	new	+0.20 pp	new
BEKEKE Holdings Inc.	0.20%	3,799,899	$52M	trimmed−24%	−0.14 pp	11 q
NEENextEra Energy, Inc.	0.20%	783,539	$50M	added+45%	+0.06 pp	2 q
PWRQuanta Services, Inc.	0.20%	194,386	$51M	new	+0.20 pp	new
NXPINXP Semiconductors N.V.	0.18%	188,526	$47M	added+10%	+0.01 pp	7 q
DASHDoorDash, Inc. Class A	0.16%	305,376	$42M	new	+0.16 pp	new
ONON Semiconductor Corp	0.16%	560,315	$41M	added×2.5	+0.08 pp	5 q
NVONovo-Nordisk A/S	0.15%	307,133	$39M	trimmed−1%	+0.02 pp	4 q
SESea Limited	0.14%	678,308	$36M	new	+0.14 pp	new
ZZillow Group, Inc. Class C	0.13%	702,200	$34M	added+19%	−0.01 pp	15 q
MNDYmonday.com Ltd.	0.13%	142,182	$32M	new	+0.13 pp	new
QSQuantumScape Corporation Class A	0.11%	4,553,617	$29M	added+36%	+0.01 pp	13 q
BABAAlibaba Group Holding Limited	0.09%	304,358	$22M	added+93%	+0.04 pp	10 q
UPSTUpstart Holdings, Inc.	0.09%	870,947	$23M	added+27%	−0.03 pp	8 q
ZGZillow Group Inc Class A	0.09%	458,581	$22M	added×2.5	+0.05 pp	15 q
MPTMedical Properties Trust, Inc.	0.07%	3,976,560	$19M	trimmed−42%	−0.07 pp	3 q
RNGRingcentral, Inc.	0.06%	411,351	$14M	new	+0.06 pp	new
TCOMTrip.com Group Limited	0.06%	337,099	$15M	trimmed−34%	−0.02 pp	8 q
HCPHashiCorp, Inc. Class A	0.05%	511,741	$14M	added×2.5	+0.03 pp	8 q
JDJD.com, Inc.	0.05%	460,351	$13M	added×28.0	+0.05 pp	12 q
PLUGPlug Power Inc.	0.05%	3,439,975	$12M	new	+0.05 pp	new
NTESNetEase, inc.	0.04%	104,188	$11M	trimmed−82%	−0.18 pp	2 q
PTONPeloton Interactive, Inc. Class A	0.04%	2,500,000	$11M	new	+0.04 pp	new
TALTAL Education Group	0.04%	849,164	$10M	trimmed−20%	−0.02 pp	2 q
TMETencent Music Entertainment Group	0.04%	843,262	$9M	added×4.7	+0.03 pp	2 q
NVCRNovoCure Limited	0.04%	608,672	$10M	added+75%	+0.02 pp	4 q
BIDUBaidu, Inc.	0.03%	80,484	$8M	added×14.5	+0.03 pp	2 q
BZKANZHUN LIMITED American Depository Shares	0.03%	428,019	$8M	added+6%	0.00 pp	8 q
CCIVLucid Group, Inc.	0.03%	2,953,931	$8M	new	+0.03 pp	new
NVAXNovavax Inc	0.03%	1,519,594	$7M	held	—	2 q
unresolvedChargePoint Holdings Inc	0.02%	3,081,752	$6M	new	+0.02 pp	new
HTHTH World Group Limited	0.02%	161,567	$6M	held	—	6 q
unresolvedNikola Corp	0.02%	5,217,586	$5M	added×4.3	+0.02 pp	5 q
BYNDBeyond Meat, Inc.	0.01%	343,393	$3M	added×2.3	0.00 pp	5 q
CROXCrocs, Inc.	0.01%	19,419	$3M	trimmed−98%	−0.39 pp	4 q
HTZWWHertz Global Holdings	0.01%	644,294	$3M	added×5.5	+0.01 pp	5 q
OLPXOlaplex Hldgs Inc	0.01%	1,264,968	$2M	added×8.3	+0.01 pp	4 q
SFIXStitch Fix, Inc. Class A	0.01%	603,767	$2M	added×4.6	+0.01 pp	5 q
AMCAmc Entertainment Holdings, Inc.	0.00%	228,136	$848,666	new	0.00 pp	new
APIAgora, Inc.	0.00%	353,353	$886,916	added+28%	0.00 pp	5 q
HTZHertz Global Holdings, Inc	0.00%	106,823	$836,424	new	0.00 pp	new
AAPLApple Inc.	—	−2,444,368	—	exited	−1.97 pp	—
MRNAModerna, Inc.	—	−3,273,052	—	exited	−1.37 pp	—
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	—	−530,384	—	exited	−1.17 pp	—
DISThe Walt Disney Company	—	−2,950,000	—	exited	−1.12 pp	—
AMATApplied Materials Inc	—	−1,446,802	—	exited	−0.98 pp	—
ORCLOracle Corp	—	−2,176,533	—	exited	−0.96 pp	—
BILLBILL Holdings, Inc.	—	−2,000,466	—	exited	−0.68 pp	—
FFord Motor Company	—	−12,235,585	—	exited	−0.63 pp	—
CFLTConfluent, Inc. Class A	—	−5,732,133	—	exited	−0.56 pp	—
CHTRCharter Comm Inc Del CL A New	—	−330,233	—	exited	−0.54 pp	—
GTMZoomInfo Technologies Inc	—	−6,523,489	—	exited	−0.51 pp	—
ILMNIllumina Inc	—	−856,689	—	exited	−0.50 pp	—
ALBAlbemarle Corporation	—	−591,603	—	exited	−0.36 pp	—
BEBloom Energy Corporation	—	−4,436,901	—	exited	−0.28 pp	—
SEDGSolarEdge Technologies, Inc.	—	−676,475	—	exited	−0.27 pp	—
RIVNRivian Automotive, Inc. Class A	—	−2,585,322	—	exited	−0.25 pp	—
UBSUBS Group AG	—	−1,778,323	—	exited	−0.23 pp	—
CDNSCadence Design Systems	—	−186,048	—	exited	−0.21 pp	—
SNPSSynopsys Inc	—	−95,058	—	exited	−0.21 pp	—
INTCIntel Corp	—	−817,955	—	exited	−0.17 pp	—
ALLYAlly Financial Inc.	—	−473,161	—	exited	−0.07 pp	—
IGViShares Expanded Tech-Software Sector ETF	—	−197,485	—	exited	−0.07 pp	—
AFRMAffirm Holdings, Inc. Class A	—	−305,104	—	exited	−0.06 pp	—
SYMSymbotic Inc. Class A	—	−216,010	—	exited	−0.05 pp	—
VSXYVictorias Secret & Co.	—	−446,493	—	exited	−0.05 pp	—
FUTUFutu Holdings Limited	—	−30,161	—	exited	−0.01 pp	—
GMEGameStop Corp. Class A	—	−75,000	—	exited	−0.01 pp	—
TANInvesco Solar ETF	—	−47,291	—	exited	−0.01 pp	—
EDUNew Oriental Education and Technology Group, Inc.	—	−46,352	—	exited	−0.01 pp	—
ZTOZTO Express (Cayman) Inc.	—	−34,741	—	exited	0.00 pp	—