Great investors · Philippe Laffont · Q4 2024
What Philippe Laffont bought and sold in Q4 2024
Coatue Management 13F portfolio as of Dec 31, 2024: 68 positions worth $29.7 bn. Largest: AMZN, META, TSM, MSFT. Filed with the SEC on Feb 14, 2025.
The 13F is filed by Coatue Management, not by Philippe Laffont personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q4 2024
- NewRedditRDDT+3.6 pp
- IncreasedAtlassianTEAM+2.5 pp
- NewServiceNowNOW+1.3 pp
- NewCharles SchwabSCHW+1.1 pp
- IncreasedSuper Micro ComputerSMCI+0.9 pp
- NewHubSpotHUBS+0.9 pp
- IncreasedSpotify TechnologySPOT+0.8 pp
- IncreasedNu HoldingsNU+0.6 pp
- NewAffirm HoldingsAFRM+0.5 pp
Sells in Q4 2024
- ReducedLam ResearchLRCX−1.1 pp
- ReducedJD.comJD−0.9 pp
- Sold outChipotle Mexican GrillCMG−0.9 pp
- ReducedConstellation EnergyCEG−0.8 pp
- ReducedPDD HoldingsPDD−0.8 pp
- ReducedAlibaba Group HoldingBABA−0.7 pp
- ReducedKranesh CSI China Internet ETFKWEB−0.7 pp
- ReducedBroadcomAVGO−0.6 pp
- ReducedCadence Design SystemsCDNS−0.5 pp
- Sold outiShares China Large-cap ETFFXI−0.5 pp
- ReducedVertiv HoldingsVRT−0.5 pp
20 companies with material moves, out of 80 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Coatue Management's Q4 2024 13F lists 68 lines of US-listed securities worth $29.7 bn; the largest is AMZN at 7.89% of the portfolio. It was accepted by the SEC on Feb 14, 2025 at 12:07 PM ET.
Against the previous quarter, it opened 14 positions (RDDT, NOW, SCHW and HUBS and 10 more), closed 27 (CMG, FXI, RMD and ENPH and 23 more), added to 12 (SMCI, TEAM, SPOT and NU and 8 more) and trimmed 28 (LRCX, CEG, AVGO and MSFT and 24 more). 14 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Amazon.com AMZN | 10.7 M | $2.3 bn | 7.89% | −5.3% |
| 2 | Meta Platforms META | 3.7 M | $2.2 bn | 7.27% | no change |
| 3 | Taiwan Semiconductor Manufacturing TSM | 10.0 M | $2.0 bn | 6.63% | +6.4% |
| 4 | Microsoft MSFT | 3.5 M | $1.5 bn | 5.01% | −8.5% |
| 5 | Constellation Energy CEG | 6.6 M | $1.5 bn | 5.00% | −14% |
| 6 | Eaton ETN | 4.5 M | $1.5 bn | 4.98% | −4.1% |
| 7 | NVIDIA NVDA | 10.0 M | $1.3 bn | 4.53% | −1.3% |
| 8 | GE Vernova GEV | 3.9 M | $1.3 bn | 4.28% | −2% |
| 9 | Reddit RDDT | 6.5 M | $1.1 bn | 3.60% | new |
| 10 | Tesla TSLA | 2.2 M | $877M | 2.96% | −2.8% |
| 11 | Atlassian TEAM | 3.5 M | $861M | 2.90% | +613% |
| 12 | Nu Holdings NU | 79.8 M | $826M | 2.78% | +27% |
| 13 | Broadcom AVGO | 3.5 M | $818M | 2.75% | −18% |
| 14 | Adobe ADBE | 1.8 M | $784M | 2.64% | +4.7% |
| 15 | AppLovin APP | 2.3 M | $744M | 2.51% | +15% |
| 16 | Vertiv Holdings VRT | 6.4 M | $724M | 2.44% | −17% |
| 17 | PayPal Holdings PYPL | 8.0 M | $681M | 2.29% | −3.4% |
| 18 | Netflix NFLX | 695,526 | $620M | 2.09% | +14% |
| 19 | Alphabet GOOGL | 3.2 M | $613M | 2.07% | −12% |
| 20 | Spotify Technology SPOT | 1.3 M | $567M | 1.91% | +67% |
| 21 | Advanced Micro Devices AMD | 4.2 M | $513M | 1.73% | no change |
| 22 | Intuitive Surgical ISRG | 972,878 | $508M | 1.71% | −11% |
| 23 | First Citizens Bancshares FCNCA | 218,987 | $463M | 1.56% | +18% |
| 24 | DoorDash DASH | 2.6 M | $435M | 1.47% | +32% |
| 25 | Vistra Operations VST | 3.0 M | $409M | 1.38% | +4.9% |
| 26 | KKR KKR | 2.7 M | $394M | 1.33% | −2.1% |
| 27 | ServiceNow NOW | 369,342 | $392M | 1.32% | new |
| 28 | Intuit INTU | 547,938 | $344M | 1.16% | +9.5% |
| 29 | Charles Schwab SCHW | 4.5 M | $334M | 1.12% | new |
| 30 | Lam Research LRCX | 4.0 M | $292M | 0.98% | −90% |
| 31 | Shopify SHOP | 2.5 M | $271M | 0.91% | no change |
| 32 | Super Micro Computer SMCI | 8.9 M | $270M | 0.91% | ×38 |
| 33 | HubSpot HUBS | 373,280 | $260M | 0.88% | new |
| 34 | Cadence Design Systems CDNS | 801,576 | $241M | 0.81% | −40% |
| 35 | Qualcomm QCOM | 1.2 M | $189M | 0.64% | no change |
| 36 | UBER Technologies UBER | 2.9 M | $176M | 0.59% | no change |
| 37 | Eli Lilly LLY | 213,984 | $165M | 0.56% | −14% |
| 38 | Affirm Holdings AFRM | 2.6 M | $160M | 0.54% | new |
| 39 | Domino’s Pizza DPZ | 322,621 | $135M | 0.46% | no change |
| 40 | Docusign DOCU | 1.3 M | $121M | 0.41% | −5.6% |
| 41 | Okta OKTA | 1.3 M | $98.8M | 0.33% | new |
| 42 | Datadog DDOG | 669,972 | $95.7M | 0.32% | new |
| 43 | Dell Technologies DELL | 767,896 | $88.5M | 0.30% | no change |
| 44 | Alphabet GOOG | 403,298 | $76.8M | 0.26% | −39% |
| 45 | Sea SE | 678,308 | $72.0M | 0.24% | no change |
| 46 | monday.com MNDY | 293,474 | $69.1M | 0.23% | new |
| 47 | ServiceTitan TTAN | 631,258 | $64.9M | 0.22% | new |
| 48 | Quanta Services PWR | 134,911 | $42.6M | 0.14% | no change |
| 49 | UiPath PATH | 2.4 M | $31.0M | 0.10% | no change |
| 50 | Paramount Skydance | 2.7 M | $28.0M | 0.09% | −27% |
| 51 | Zillow Group Z | 369,850 | $27.4M | 0.09% | −50% |
| 52 | KE Holdings BEKE | 1.2 M | $22.7M | 0.08% | −21% |
| 53 | Zillow Group ZG | 318,176 | $22.5M | 0.08% | −34% |
| 54 | Upstart Holdings UPST | 349,060 | $21.5M | 0.07% | −60% |
| 55 | JD.com JD | 614,424 | $21.3M | 0.07% | −93% |
| 56 | NovoCure NVCR | 608,672 | $18.1M | 0.06% | no change |
| 57 | PDD Holdings PDD | 184,628 | $17.9M | 0.06% | −93% |
| 58 | HashiCorp HCP | 511,741 | $17.5M | 0.06% | no change |
| 59 | Alibaba Group Holding BABA | 192,728 | $16.3M | 0.06% | −93% |
| 60 | Futu Holdings FUTU | 129,835 | $10.4M | 0.03% | new |
| 61 | Kranesh CSI China Internet ETF KWEB | 301,743 | $8.8M | 0.03% | −96% |
| 62 | Moderna MRNA | 191,074 | $7.9M | 0.03% | new |
| 63 | LexinFintech Holdings LX | 1.2 M | $7.2M | 0.02% | new |
| 64 | Coupang CPNG | 150,936 | $3.3M | 0.01% | new |
| 65 | Agora API | 435,510 | $1.8M | 0.01% | no change |
| 66 | Qfin Holdings QFIN | 45,447 | $1.7M | 0.01% | new |
| 67 | Solaredge Technologies SEDG | 43,500 | $592K | 0.00% | no change |
| 68 | Hertz Global Holdings HTZWW | 175,480 | $377K | 0.00% | −73% |
Positions it closed (27)
- Chipotle Mexican Grill CMGwas 0.98% · 4.6 M shares
- Ishares Tr FXIwas 0.58% · 4.9 M shares
- ResMed RMDwas 0.43% · 473,179 shares
- Enphase Energy ENPHwas 0.40% · 960,700 shares
- Nextera Energy NEEwas 0.36% · 1.1 M shares
- Generac Holdings GNRCwas 0.33% · 559,911 shares
- Pinterest PINSwas 0.20% · 1.7 M shares
- Novo Nordisk A/s NVOwas 0.14% · 326,363 shares
- Blackstone BXwas 0.11% · 195,969 shares
- Novavax NVAXwas 0.10% · 2.2 M shares
- Quantumscape QSwas 0.10% · 4.6 M shares
- Medical Properties Trust MPTwas 0.05% · 2.5 M shares
- RingCentral RNGwas 0.05% · 411,351 shares
- Peloton Interactive PTONwas 0.04% · 2.5 M shares
- Lucid Group LCIDwas 0.04% · 3.0 M shares
- Netease NTESwas 0.03% · 94,336 shares
- PLUG Power PLUGwas 0.02% · 2.6 M shares
- TAL Education Group TALwas 0.02% · 434,673 shares
- New Oriental Education & Technology Group EDUwas 0.02% · 59,316 shares
- Kanzhun BZwas 0.02% · 253,957 shares
- ChargePoint Holdings was 0.02% · 3.1 M shares
- Olaplex Hldgs was 0.01% · 1.3 M shares
- Beyond Meat BYNDwas 0.01% · 343,393 shares
- Stitch FIX SFIXwas 0.01% · 790,167 shares
- AMC Entertainment Holdings AMCwas 0.00% · 228,136 shares
- Nikola was 0.00% · 173,915 shares
- Hertz Global Holdings HTZwas 0.00% · 106,823 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Coatue Management's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.