Tracking Philippe Laffont’s Coatue Management Portfolio – Q4 2019 Update

• Philippe Laffont’s 13F portfolio value increased from $11.67B to $12.57B this quarter. 
• Coatue Management increased Twitter (TWTR), Nvidia (NVDA), Insulet (PODD), Dynatrace (DT), and Smartsheet (SMAR) during the quarter. 
• The largest three positions are Liberty Broadband (LBRDK), Alibaba Group Holdings (BABA), and ServiceNow (NOW) and they add up to ~21% of the portfolio. 

Philippe Laffont’s 13F portfolio value increased ~8% from $11.67B to $12.57B this quarter. Recent 13F reports have shown a total of around 50 individual stock positions in the portfolio. The largest five stakes are Liberty Broadband (LBRDK), Alibaba Group Holdings (BABA), ServiceNow (NOW), Facebook Inc. (FB), and Microsoft (MSFT) and they add up to around ~32% of the entire portfolio.

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Below is a summary:

Facebook Inc. (FB): FB is a large (top five) 5.74% of the portfolio position. The original stake is from Q3 2013 at prices between $24 and $51. The position has wavered. Recent activity follow. H1 2018 saw a ~30% increase at prices between $152 and $202 while next quarter there was a similar reduction at prices between $160 and $218. There was a ~10% stake increase in Q4 2018 while next quarter saw a ~18% selling. Last three quarters have seen only minor adjustments. The stock is now at $190.

Liberty Broadband (LBRDK): LBRDK is currently the largest position at ~8% of the portfolio. It was established in Q2 2016 at prices between $55 and $60. The stock is now at $126.

Below is a spreadsheet that shows the changes to Philippe Laffont's Coatue Management 13F long portfolio holdings as of Q4 2019. For a look at how the portfolio has progressed, see our previous update:

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