Coatue Management
Coatue Management, led by founder Philippe Laffont, is a technology-focused hedge fund with a strong reputation for leveraging deep industry knowledge and extensive research to drive its investment decisions. Laffont, a former protégé of Julian Robertson at Tiger Management, applies a fundamental analysis approach, often focusing on growth-oriented tech companies. The firm's strategy typically involves both long and short positions across the technology spectrum, from semiconductors to software and internet services.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings — not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares — not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with ≥$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 30 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| TSM | $3.14B | 10.80% | $337.16 | $432.15 | +28.2% | 10.8% | |
| GEV | $2.25B | 7.73% | $872.45 | $1069.44 | +22.6% | 7.7% | |
| LRCX | $2.15B | 7.39% | $213.51 | $322.74 | +51.2% | 7.4% | |
| AMAT | $1.79B | 6.17% | $341.37 | $546.99 | +60.2% | 6.2% | |
| AVGO | $1.70B | 5.86% | $309.02 | $370.05 | +19.8% | 5.9% | |
| ETN | $1.70B | 5.85% | $356.68 | $393.48 | +10.3% | 5.8% | |
| AMZN | $1.65B | 5.68% | $208.27 | $245.92 | +18.1% | 5.7% | |
| META | $1.61B | 5.54% | $571.60 | $619.04 | +8.3% | 5.5% | |
| CEG | $1.29B | 4.45% | $278.82 | $239.09 | -14.3% | 4.5% | |
| GOOGL | $1.24B | 4.27% | $287.39 | $369.26 | +28.5% | 4.3% | |
| NVDA | $1.10B | 3.80% | $174.40 | $197.06 | +13.0% | 3.8% | |
| EQIX | $1.07B | 3.68% | $975.42 | $1023.28 | +4.9% | 3.7% | |
| MSFT | $918.0M | 3.16% | $369.37 | $391.78 | +6.1% | 3.2% | |
| NFLX | $662.8M | 2.28% | $96.15 | $76.46 | -20.5% | 2.3% | |
| ASML | $655.4M | 2.26% | $1317.95 | $1744.25 | +32.4% | 2.3% | |
| SPOT | $640.5M | 2.20% | $484.91 | $492.64 | +1.6% | 2.2% | |
| APP | $513.4M | 1.77% | $398.00 | $536.44 | +34.8% | 1.8% | |
| NTRA | $508.3M | 1.75% | $199.99 | $282.61 | +41.3% | 1.8% | |
| NU | $421.5M | 1.45% | $14.37 | $13.69 | -4.7% | 1.4% | |
| ISRG | $394.3M | 1.36% | $460.99 | $426.41 | -7.5% | 1.4% | |
| RDDT | $375.7M | 1.29% | $134.65 | $204.07 | +51.6% | 1.3% | |
| GOOG | $320.1M | 1.10% | $286.69 | $365.99 | +27.7% | 1.1% | |
| SNPS | $302.0M | 1.04% | $396.48 | $435.79 | +9.9% | 1.0% | |
| FCNCA | $262.9M | 0.90% | $1882.69 | $2107.93 | +12.0% | 0.9% | |
| VRT | $246.0M | 0.85% | $250.53 | $302.67 | +20.8% | 0.8% | |
| V | $217.2M | 0.75% | $301.61 | $351.56 | +16.6% | 0.8% | |
| CVNA | $214.1M | 0.74% | $62.88 | $69.77 | +11.0% | 0.7% | |
| CHYM | $188.7M | 0.65% | $18.73 | $21.53 | +14.9% | 0.7% | |
| MTZ | $187.8M | 0.65% | $321.74 | $358.57 | +11.4% | 0.7% | |
| QCOM | $178.7M | 0.61% | $128.78 | $182.28 | +41.5% | 0.6% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (8)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| EQIX | $1.07B | +4.9% | |
| ASML | $655.4M | +32.4% | |
| V | $217.2M | +16.6% | |
| QCOM | $178.7M | +41.5% | |
| SOLS | $126.0M | ||
| ENPH | $62.3M | ||
| MU | $56.1M | ||
| ABR | $32.4M |
Exited Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| ORCL | $865.4M | |
| SNOW | $544.2M | |
| ADBE | $305.9M | |
| AMD | $265.4M | |
| ARM | $251.4M | |
| MRVL | $176.7M | |
| RKT | $130.6M | |
| AXON | $88.3M |
Increased (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| SFM | $44.9M | +100.0% | ||
| CHRW | $40.3M | +68.0% | ||
| VRT | $111.7M | +18.4% | +20.8% | |
| QS | $-11.1M | +16.2% | ||
| TSM | $515.0M | +7.6% | +28.2% | |
| ISRG | $-62.9M | +5.9% | -7.5% | |
| GNRC | $25.9M | +5.8% | ||
| LRCX | $467.4M | +2.4% | +51.2% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| TSLA | $-716.3M | -96.4% | ||
| DASH | $-905.8M | -87.4% | ||
| CVNA | $-612.3M | -65.2% | +11.0% | |
| SNPS | $-476.1M | -54.0% | +9.9% | |
| MSFT | $-1583.2M | -52.0% | +6.1% | |
| RDDT | $-900.2M | -49.7% | +51.6% | |
| SPOT | $-782.7M | -46.1% | +1.6% | |
| GOOG | $-307.7M | -44.2% | +27.7% |
Quarter Activity
During the quarter, Coatue Management initiated significant new positions in Equinix and ASML, valued at approximately $1069 million and $655 million respectively, indicating a strategic focus on technology and infrastructure sectors. The fund also exited substantial holdings in Oracle and Snowflake, which had previously represented major components of their portfolio. Additionally, there was a notable reduction in their stakes in Tesla and DoorDash, alongside moderate increases in positions such as Sprouts Farmers Market and C.H. Robinson Worldwide.
AI Commentary
<p>Coatue Management's portfolio showcases a strong emphasis on the technology and semiconductor sectors, with top holdings including Taiwan Semiconductor Manufacturing (TSM), Lam Research Corp (LRCX), and Applied Materials Inc (AMAT), which collectively make up 24.4% of their total assets under management. This focus is further underscored by significant investments in Broadcom Inc (AVGO) and other tech giants like Amazon (AMZN), Meta Platforms (META), and Alphabet Inc (GOOGL). The fund's sector concentration highlights a bullish stance on the technology sector, particularly in semiconductor manufacturing and digital services.</p> <p>The recent quarter's activity indicates a strategic shift in Coatue Management's investment thesis. The initiation of substantial positions in Equinix (EQIX), ASML Holding (ASML), and Visa (V), alongside the closure of positions in Oracle (ORCL), Snowflake (SNOW), and Adobe (ADBE), suggests a pivot towards infrastructure and payment processing technologies while moving away from enterprise software and cloud services. The significant reduction in Tesla (TSLA) and other tech-related consumer services like DoorDash (DASH) and Carvana (CVNA) reflects a cautious approach towards high-growth consumer tech amidst potentially shifting market dynamics. This rebalancing underscores a nuanced view on the tech sector, favoring foundational technology and hardware over more volatile tech growth stocks.</p>