Insight into Philippe Laffont (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing

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Philippe Laffont (Trades, Portfolio), a prominent figure in the investment world, recently submitted his 13F filing for the fourth quarter of 2024, revealing strategic shifts in his portfolio. As the founder of Coatue Management, Laffont has built a reputation for his tech-focused investment strategies. Coatue Management, headquartered in New York, is a private hedge fund sponsor known for its expertise in technology investments. The firm employs a fundamental analysis approach, utilizing both long and short strategies, and focuses on top-down stock picking. With a significant portion of its assets in the information technology sector, Coatue also invests in consumer discretionary, healthcare, utilities, telecommunications, and energy. This diversified approach allows the firm to manage portfolios effectively, catering to both US and non-US publicly traded equity securities, as well as private equity.

Summary of New Buy

Philippe Laffont (Trades, Portfolio) added a total of 14 stocks to his portfolio, with notable additions including:

• The most significant addition was Reddit Inc (NYSE:RDDT), with 6,530,236 shares, accounting for 3.6% of the portfolio and a total value of $1.067 billion.
• The second largest addition was ServiceNow Inc (NYSE:NOW), consisting of 369,342 shares, representing approximately 1.32% of the portfolio, with a total value of $391.5 million.
• The third largest addition was Charles Schwab Corp (NYSE:SCHW), with 4,510,020 shares, accounting for 1.12% of the portfolio and a total value of $333.8 million.

Key Position Increases

Philippe Laffont (Trades, Portfolio) also increased stakes in a total of 12 stocks, with significant increases including:

• The most notable increase was in Atlassian Corp (NASDAQ:TEAM), with an additional 3,039,668 shares, bringing the total to 3,535,799 shares. This adjustment represents a significant 612.67% increase in share count, a 2.49% impact on the current portfolio, with a total value of $860.5 million.
• The second largest increase was in Super Micro Computer Inc (NASDAQ:SMCI), with an additional 8,625,125 shares, bringing the total to 8,866,735. This adjustment represents a significant 3,569.85% increase in share count, with a total value of $270.3 million.

Summary of Sold Out

Philippe Laffont (Trades, Portfolio) completely exited 27 holdings in the fourth quarter of 2024, including:

• Chipotle Mexican Grill Inc (NYSE:CMG): Philippe Laffont (Trades, Portfolio) sold all 4,575,054 shares, resulting in a -0.98% impact on the portfolio.
• iShares China Large-Cap ETF (FXI): Philippe Laffont (Trades, Portfolio) liquidated all 4,932,011 shares, causing a -0.58% impact on the portfolio.

Key Position Reduces

Philippe Laffont (Trades, Portfolio) also reduced positions in 28 stocks, with significant changes including:

• Reduced PDD Holdings Inc (NASDAQ:PDD) by 2,402,908 shares, resulting in a -92.86% decrease in shares and a -1.21% impact on the portfolio. The stock traded at an average price of $115.88 during the quarter and has returned 11.24% over the past 3 months and 28.84% year-to-date.
• Reduced JD.com Inc (NASDAQ:JD) by 7,633,624 shares, resulting in a -92.55% reduction in shares and a -1.14% impact on the portfolio. The stock traded at an average price of $38.64 during the quarter and has returned 24.17% over the past 3 months and 19.44% year-to-date.

Portfolio Overview

At the end of the fourth quarter of 2024, Philippe Laffont (Trades, Portfolio)'s portfolio included 68 stocks. The top holdings were:

• 7.89% in Amazon.com Inc (NASDAQ:AMZN)
• 7.27% in Meta Platforms Inc (NASDAQ:META)
• 6.63% in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM)
• 5.01% in Microsoft Corp (NASDAQ:MSFT)
• 5% in Constellation Energy Corp (NASDAQ:CEG)

The holdings are mainly concentrated in 8 of the 11 industries: Technology, Communication Services, Consumer Cyclical, Utilities, Financial Services, Industrials, Healthcare, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.