Coatue

Q4 2024 13F · by Philippe Laffont, founder

As of: Dec 31, 2024
Filed: Feb 14, 2025
US stock: $29.7B · prev $26.9B
Positions: 68 · prev 81
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%

Moves81 since the prior filing

+15.5 pp in · −14.1 pp out

New 14 +8.66 pp
Added 12 +6.82 pp
Trimmed 28 −10.03 pp
Exited 27 −4.07 pp

The book

Focused · behaves like 26 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 47% a year, about 2.1 years per position

Low
Moderate
High

Top 5 positions32% of US stock

Positions68 in this filing · 27 exited


AMZNAmazon.Com Inc	7.89%	10,670,209	$2.3B	trimmed−5%	+0.09 pp	47 q
METAMeta Platforms, Inc. Class A	7.27%	3,686,378	$2.2B	trimmed−0%	−0.59 pp	46 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	6.63%	9,962,102	$2.0B	added+6%	+0.59 pp	8 q
MSFTMicrosoft Corp	5.01%	3,526,177	$1.5B	trimmed−8%	−1.15 pp	14 q
CEGConstellation Energy Corporation	5.00%	6,638,618	$1.5B	trimmed−14%	−2.46 pp	4 q
ETNEaton Corporation, plc	4.98%	4,450,018	$1.5B	trimmed−4%	−0.73 pp	7 q
NVDANvidia Corp	4.53%	10,006,488	$1.3B	trimmed−1%	−0.04 pp	15 q
GEVGE Vernova Inc.	4.28%	3,864,541	$1.3B	trimmed−2%	+0.54 pp	3 q
RDDTReddit, Inc.	3.60%	6,530,236	$1.1B	new	+3.60 pp	new
TSLATesla, Inc.	2.95%	2,171,723	$877M	trimmed−3%	+0.78 pp	20 q
TEAMAtlassian Corporation Class A	2.90%	3,535,799	$861M	added×7.1	+2.61 pp	2 q
NUNu Holdings Ltd.	2.78%	79,769,230	$826M	added+27%	−0.40 pp	7 q
AVGOBroadcom Inc.	2.75%	3,526,331	$818M	trimmed−18%	−0.02 pp	4 q
ADBEAdobe Inc.	2.64%	1,763,722	$784M	added+5%	−0.60 pp	10 q
APPApplovin Corporation Class A	2.51%	2,297,938	$744M	added+15%	+1.54 pp	9 q
VRTVertiv Holdings Co Class A	2.44%	6,375,917	$724M	trimmed−17%	−0.41 pp	7 q
PYPLPayPal Holdings, Inc.	2.29%	7,976,880	$681M	trimmed−3%	−0.10 pp	36 q
NFLXNetFlix Inc	2.09%	695,526	$620M	added+14%	+0.48 pp	47 q
GOOGLAlphabet Inc. Class A	2.06%	3,237,591	$613M	trimmed−12%	−0.21 pp	9 q
SPOTSpotify Technology S.A.	1.91%	1,268,324	$567M	added+67%	+0.87 pp	2 q
AMDAdvanced Micro Devices	1.73%	4,249,190	$513M	held	—	10 q
ISRGIntuitive Surgical Inc.	1.71%	972,878	$508M	trimmed−11%	−0.29 pp	6 q
FCNCAFirst Citizens BancShares Inc	1.56%	218,987	$463M	added+18%	+0.29 pp	8 q
DASHDoorDash, Inc. Class A	1.47%	2,591,995	$435M	added+32%	+0.43 pp	2 q
VSTVistra Corp.	1.38%	2,967,631	$409M	added+5%	+0.13 pp	4 q
KKRKKR & Co. Inc.	1.33%	2,661,938	$394M	trimmed−2%	+0.01 pp	2 q
NOWServicenow, Inc.	1.32%	369,342	$392M	new	+1.32 pp	new
INTUIntuit Inc	1.16%	547,938	$344M	added+10%	+0.01 pp	10 q
SCHWThe Charles Schwab Corporation	1.12%	4,510,020	$334M	new	+1.12 pp	new
LRCXLam Research Corp	0.98%	4,046,370	$292M	held	—	10 q
SHOPShopify Inc. Class A subordinate voting shares	0.91%	2,547,675	$271M	held	—	6 q
SMCISuper Micro Computer, Inc.	0.91%	8,866,735	$270M	added×36.7	+0.87 pp	2 q
HUBSHubspot, Inc.	0.88%	373,280	$260M	new	+0.88 pp	new
CDNSCadence Design Systems	0.81%	801,576	$241M	trimmed−40%	−0.53 pp	2 q
QCOMQualcomm Inc	0.64%	1,230,343	$189M	held	—	4 q
UBERUber Technologies, Inc.	0.59%	2,910,927	$176M	held	—	23 q
LLYEli Lilly & Co.	0.56%	213,984	$165M	trimmed−14%	−0.26 pp	7 q
AFRMAffirm Holdings, Inc. Class A	0.54%	2,633,442	$160M	new	+0.54 pp	new
DPZDomino's Pizza Inc.	0.46%	322,621	$135M	held	—	5 q
DOCUDocuSign, Inc.	0.41%	1,343,053	$121M	trimmed−6%	+0.08 pp	5 q
OKTAOkta, Inc. Class A	0.33%	1,254,080	$99M	new	+0.33 pp	new
DDOGDatadog, Inc. Class A	0.32%	669,972	$96M	new	+0.32 pp	new
DELLDell Technologies Inc.	0.30%	767,896	$88M	held	—	4 q
GOOGAlphabet Inc. Class C	0.26%	403,298	$77M	trimmed−39%	−0.15 pp	6 q
SESea Limited	0.24%	678,308	$72M	held	—	4 q
MNDYmonday.com Ltd.	0.23%	293,474	$69M	new	+0.23 pp	new
TTANServiceTitan, Inc. Class A	0.22%	631,258	$65M	new	+0.22 pp	new
PWRQuanta Services, Inc.	0.14%	134,911	$43M	held	—	4 q
PATHUiPath, Inc.	0.10%	2,436,400	$31M	held	—	11 q
PARAParamount Global-class B	0.09%	2,678,629	$28M	trimmed−27%	−0.06 pp	3 q
ZZillow Group, Inc. Class C	0.09%	369,850	$27M	trimmed−50%	−0.09 pp	18 q
BEKEKE Holdings Inc.	0.08%	1,231,471	$23M	trimmed−21%	−0.04 pp	14 q
ZGZillow Group Inc Class A	0.08%	318,176	$23M	trimmed−34%	−0.03 pp	18 q
JDJD.com, Inc.	0.07%	614,424	$21M	trimmed−93%	−1.16 pp	15 q
UPSTUpstart Holdings, Inc.	0.07%	349,060	$21M	trimmed−60%	−0.06 pp	11 q
BABAAlibaba Group Holding Limited	0.06%	192,728	$16M	trimmed−93%	−1.01 pp	13 q
HCPHashiCorp, Inc. Class A	0.06%	511,741	$18M	held	—	11 q
PDDPDD Holdings Inc.	0.06%	184,628	$18M	trimmed−93%	−1.24 pp	11 q
NVCRNovoCure Limited	0.06%	608,672	$18M	held	—	7 q
FUTUFutu Holdings Limited	0.03%	129,835	$10M	new	+0.03 pp	new
KWEBKraneShares CSI China Internet ETF	0.03%	301,743	$9M	trimmed−96%	−0.89 pp	2 q
MRNAModerna, Inc.	0.03%	191,074	$8M	new	+0.03 pp	new
LXLexinFintech Holdings Ltd.	0.02%	1,245,168	$7M	new	+0.02 pp	new
APIAgora, Inc.	0.01%	435,510	$2M	held	—	8 q
CPNGCoupang, Inc.	0.01%	150,936	$3M	new	+0.01 pp	new
QFINQfin Holdings, Inc.	0.01%	45,447	$2M	new	+0.01 pp	new
HTZWWHertz Global Holdings	0.00%	175,480	$377,282	trimmed−73%	−0.01 pp	8 q
SEDGSolarEdge Technologies, Inc.	0.00%	43,500	$591,600	held	—	3 q
CMGChipotle Mexican Grill, Inc.	—	−4,575,054	—	exited	−0.98 pp	—
FXIiShares China Large-Cap ETF	—	−4,932,011	—	exited	−0.58 pp	—
RMDResMed Inc.	—	−473,179	—	exited	−0.43 pp	—
ENPHEnphase Energy, Inc.	—	−960,700	—	exited	−0.40 pp	—
NEENextEra Energy, Inc.	—	−1,141,600	—	exited	−0.36 pp	—
GNRCGenerac Holdings Inc	—	−559,911	—	exited	−0.33 pp	—
PINSPinterest, Inc. Class A	—	−1,678,764	—	exited	−0.20 pp	—
NVONovo-Nordisk A/S	—	−326,363	—	exited	−0.14 pp	—
BXBlackstone Inc.	—	−195,969	—	exited	−0.11 pp	—
NVAXNovavax Inc	—	−2,224,319	—	exited	−0.10 pp	—
QSQuantumScape Corporation Class A	—	−4,553,617	—	exited	−0.10 pp	—
MPTMedical Properties Trust, Inc.	—	−2,524,429	—	exited	−0.05 pp	—
RNGRingcentral, Inc.	—	−411,351	—	exited	−0.05 pp	—
CCIVLucid Group, Inc.	—	−2,953,931	—	exited	−0.04 pp	—
PTONPeloton Interactive, Inc. Class A	—	−2,500,000	—	exited	−0.04 pp	—
NTESNetEase, inc.	—	−94,336	—	exited	−0.03 pp	—
unresolvedChargePoint Holdings Inc	—	−3,081,752	—	exited	−0.02 pp	—
BZKANZHUN LIMITED American Depository Shares	—	−253,957	—	exited	−0.02 pp	—
EDUNew Oriental Education and Technology Group, Inc.	—	−59,316	—	exited	−0.02 pp	—
PLUGPlug Power Inc.	—	−2,606,524	—	exited	−0.02 pp	—
TALTAL Education Group	—	−434,673	—	exited	−0.02 pp	—
BYNDBeyond Meat, Inc.	—	−343,393	—	exited	−0.01 pp	—
OLPXOlaplex Hldgs Inc	—	−1,264,968	—	exited	−0.01 pp	—
SFIXStitch Fix, Inc. Class A	—	−790,167	—	exited	−0.01 pp	—
AMCAmc Entertainment Holdings, Inc.	—	−228,136	—	exited	0.00 pp	—
HTZHertz Global Holdings, Inc	—	−106,823	—	exited	0.00 pp	—
NKLAQNikola Corp	—	−173,915	—	exited	0.00 pp	—