The latest 13F filing with the U.S. Securities and Exchange Commission (SEC) reveals the third-quarter portfolio adjustments of Coatue Management, a prominent tech-focused hedge fund led by billionaire Philippe Laffont. Known for targeting high-growth sectors like AI infrastructure, cloud computing, semiconductors, and digital platforms, Laffont prioritizes companies with network effects, high margins, rapid innovation, strong moats, and leadership aligned with AI and digital transformation trends.
Coatue’s Q3 portfolio totaled $40.8 billion, up 13.6% from $35.9 billion in Q2. The fund added nine new stocks, increased positions in 18, trimmed 21, and exited five. Its top 10 holdings accounted for 51.38% of the portfolio.
**Top Five Holdings:** 1. **Meta Platforms, Inc. (META.US)** claimed the top spot with 4.04 million shares ($3 billion), representing 7.27% of the portfolio—a 9.65% increase from Q2. 2. **Microsoft (MSFT.US)** held second place with 4.64 million shares ($2.4 billion, 5.90% of the portfolio), up 18.07% quarter-over-quarter. 3. **Taiwan Semiconductor (TSM.US)** ranked third with 8.07 million shares ($2.3 billion, 5.53%), seeing a marginal 0.05% uptick. 4. **GE Vernova (GEV.US)** took fourth with 3.63 million shares ($2.2 billion, 5.48%), down 3.22%. 5. **Amazon (AMZN.US)** rounded out the top five with 8.74 million shares ($1.9 billion, 4.71%), reduced by 13.93%.
**Other Key Moves:** - **Alphabet (GOOGL.US)** saw a massive 259% boost in shares, landing it in the top 10. - Coatue diverged on "Magnificent Seven" stocks: while increasing Meta, Microsoft, and Alphabet, it cut Amazon, Nvidia (NVDA.US) (-14.08%), and Tesla (TSLA.US) (-15.11%). - **CoreWeave (CRWV.US)** was slashed by 62.22%, dropping it to the 16th position, while **Arm (ARM.US)** holdings fell 51.23%. - New positions included **Synopsys (SNPS.US)** and **Applied Materials (AMAT.US)**, while exits included Eli Lilly (LLY.US) and Philip Morris (PM.US).
**Top Buys/Sells:** - **Buys:** Alphabet (GOOGL.US), Applovin (APP.US), Synopsys, Applied Materials, Alphabet (GOOG.US). - **Sells:** CoreWeave, Amazon, Arm, Intuit (INTU.US), Constellation Energy (CEG.US).