Tracking Philippe Laffont’s Coatue Management Portfolio - Q1 2017 Update



  • Philippe Laffont’s 13F portfolio value increased from $8.44B to $10.38B this quarter. 
  • Coatue Management added Snap and increased Brroadcom, Bank of America & Symantec.
  • The largest three positions are Facebook, Liberty Broadband, and Broadcom and they add up to ~23% of the portfolio.


Philippe Laffont’s 13F portfolio value increased ~23% from $8.44B to $10.38B. Recent 13F reports have shown a total of around 50 individual stock positions in the portfolio. The largest five stakes are Facebook Inc. (FB), Liberty Broadband (LBRDK), Broadcom Ltd. (AVGO), Activision Blizzard (ATVI), and Bank of America (BAC) and they add up to over one-third of the entire portfolio.

Philippe Laffont is one of the most successful among the "tiger cubs". To know more about Julian Robertson and his legendary Tiger Management, check out Julian Robertson: A Tiger in the Land of Bulls and Bears.

Below is a summary:

Apple Inc. (AAPL): AAPL is a fairly large ~4% of the portfolio stake. It was established in Q3 2016 at prices between $95 and $116. Last quarter saw a ~50% selling at prices between $106 and $118. The stock is now at $146. There was a ~8% trimming this quarter.

Note: Apple had a previous round-trip. A large ~7% long-term stake was disposed of in Q1 2016 at prices between $93 and $110.

Facebook Inc. (FB): FB is the largest position in the portfolio at 9.11%. The original stake is from Q3 2013 at prices between $24 and $51. The four quarters thru Q2 2016 had seen a ~50% combined reduction at prices between $86 and $120. There was an about turn in Q3 2016: ~50% increase at prices between $114 and $131. The stock currently trades at $155. There was a ~9% increase this quarter.

Alphabet Inc. (GOOG): GOOG is a long-term 4.41% portfolio stake. Recent activity follow: Q4 2015 saw a whopping ~330% stake increase at prices between $625 and $767. The following two quarters saw a reversal: ~45% reduction at prices between $668 and $767. There was another ~25% selling this quarter at prices between $786 and $852. The stock is now at $966.

Liberty Broadband (LBRDK): LBRDK is a top-three 7.2% portfolio stake established in Q2 2016 at prices between $55 and $60. The stock is now at $85.72. There was a marginal increase this quarter.

Symantec Corp. (SYMC): SYMC is a 4.55% portfolio stake established last quarter at prices between $23 and $25 and increased by a whopping 280% this quarter at prices between $24 and $31. The stock is now at $28.53.


Below is a spreadsheet that shows the changes to Philippe Laffont's Coatue Management US long portfolio holdings as of Q1 2017. For a look at how the portfolio has progressed, see our previous update:



To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    





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