Coatue Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Philippe Laffont's Coatue Management reported 73 stock positions worth $40.8 billion. Its top holding was Meta Platforms Class A (META) at 7.3% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Taiwan Semiconductor-SP ADR (TSM, 5.5%). Compared with Q2 2025, it opened 9 new positions, sold out of 5, added to 18 and reduced 19. The biggest buy was Alphabet Class A (GOOGL, shares +259%) and the biggest sale Coreweave Class A (CRWV, shares −62%).

Most Recent 13F
Q2 2026
Notable People
Philippe Laffont
Location
New York, NY
CIK
0001135730
Portfolio Value
$40.8B (Q3 2025)
SEC Filing
0000919574-25-006976 ↗ filed Nov 14, 2025

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $25.5B Q1 2024 Q2 2024: $25.7B Q2 2024 Q3 2024: $26.9B Q3 2024 Q4 2024: $29.7B Q4 2024 Q1 2025: $22.7B Q1 2025 Q2 2025: $35.9B Q2 2025 Q3 2025: $40.8B $40.8B Q3 2025 Q4 2025: $40.0B Q4 2025 Q1 2026: $29.1B Q1 2026 Q2 2026: $48.6B Q2 2026

Holdings 73 stocks · $40.8B
META Meta Platforms Inc. Class A 7.27% 4,035,717 $3.0B Add +9.7%
MSFT Microsoft Corp. 5.90% 4,643,050 $2.4B Add +18.1%
TSM Taiwan Semiconductor-SP ADR 5.53% 8,072,536 $2.3B Add +0.1%
GEV GE Vernova Inc. 5.48% 3,634,166 $2.2B Reduce -3.2%
AMZN Amazon.com Inc. 4.71% 8,743,095 $1.9B Reduce -13.9%
AVGO Broadcom Inc. 4.67% 5,767,559 $1.9B Add +2.1%
CEG Constellation Energy 4.62% 5,725,963 $1.9B Reduce -3.4%
NVDA Nvidia Corp. 4.52% 9,870,743 $1.8B Reduce -14.1%
ETN Eaton Corp. PLC 4.40% 4,794,777 $1.8B Add +2.3%
GOOGL Alphabet Inc. Class A 4.30% 7,221,115 $1.8B Add +259.1%
APP AppLovin Corp. Class A 4.00% 2,267,855 $1.6B Add +24.9%
RDDT Reddit Inc. Class A 3.33% 5,897,540 $1.4B Reduce -5.0%
ORCL Oracle Corp. 3.31% 4,796,157 $1.3B Add +24.3%
LRCX Lam Research Corp. 3.27% 9,954,492 $1.3B Reduce -5.3%
SPOT Spotify Technology SA 3.09% 1,803,173 $1.3B Add +13.3%
CRWV Coreweave Inc. Class A 2.26% 6,724,615 $920.3M Reduce -62.2%
SNPS Synopsys Inc. 2.19% 1,809,127 $892.6M New
TSLA Tesla Inc. 1.89% 1,729,211 $769.0M Reduce -15.1%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 1.86% 47,298,775 $757.3M Reduce -2.4%
CVNA Carvana Co. 1.85% 2,003,208 $755.7M Add +11.3%
NFLX Netflix Inc. 1.82% 618,735 $741.8M No change
AMAT Applied Materials Inc. 1.68% 3,349,048 $685.7M New
DASH DoorDash Inc. Class A 1.64% 2,454,877 $667.7M Add +12.3%
INTU Intuit Inc. 1.41% 839,460 $573.3M Reduce -19.8%
GOOG Alphabet Inc. Class C 1.25% 2,091,574 $509.4M New
SNOW Snowflake Inc. 1.08% 1,956,448 $441.3M New
FCNCA First Citizens Bcshs Class A 0.89% 202,258 $361.9M Reduce -4.2%
BABA Alibaba Group Holding-SP ADR 0.87% 1,996,593 $356.9M Add +130.1%
PYPL PayPal Holdings Inc. 0.86% 5,237,984 $351.3M Reduce -24.9%
TEAM Atlassian Corp. Class A 0.81% 2,077,303 $331.7M Reduce -10.0%
ARM Arm Holdings PLC-ADR 0.78% 2,259,826 $319.7M Reduce -51.2%
ISRG Intuitive Surgical Inc. 0.78% 710,649 $317.8M Reduce -3.6%
CAI Caris Life Sciences Inc. 0.75% 10,142,198 $306.8M No change
KKR KKR & Co. Inc. 0.71% 2,230,946 $289.9M Reduce -40.6%
HNGE Hinge Health Inc. Class A 0.57% 4,702,208 $230.8M No change
CHYM Chime Financial Inc. Class A 0.53% 10,716,284 $216.1M Reduce -1.0%
ADBE Adobe Inc. 0.53% 610,621 $215.4M No change
AMD Advanced Micro Devices 0.49% 1,239,043 $200.5M Reduce -19.0%
MRVL Marvell Technology Inc. 0.43% 2,079,046 $174.8M Add +245.1%
BULL Webull Corp. 0.42% 11,522,483 $170.4M Add +0.7%
FIG Figma Inc. Class A 0.41% 3,232,969 $167.7M New
CDNS Cadence Design SYS Inc. 0.41% 472,212 $165.9M Reduce -33.3%
SE Sea Ltd.-ADR 0.29% 666,305 $119.1M No change
CHA Chagee Holdings Ltd.-ADR 0.25% 6,174,115 $102.2M No change
VST Vistra Corp. 0.25% 512,811 $100.5M Add +7.7%
SWKS Skyworks Solutions Inc. 0.24% 1,272,952 $98.0M No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.17% 1,387,089 $68.0M Add +38.9%
ENPH Enphase Energy Inc. 0.14% 1,647,893 $58.3M Add +95.3%
Z Zillow Group Inc. Class C 0.14% 739,700 $57.0M No change
PINS Pinterest Inc. Class A 0.13% 1,678,764 $54.0M No change
QS Quantumscape Corp. 0.13% 4,294,995 $52.9M No change
MPT Medical Properties Trust Inc. 0.11% 9,050,796 $45.9M No change
UPST Upstart Holdings Inc. 0.11% 870,947 $44.2M No change
NVAX Novavax Inc. 0.08% 3,836,986 $33.3M No change
PATH Uipath Inc. Class A 0.07% 2,269,557 $30.4M No change
NTRA Natera Inc. 0.07% 170,326 $27.4M New
ZG Zillow Group Inc. Class A 0.06% 328,189 $24.4M No change
PTON Peloton Interactive Inc. Class A 0.06% 2,500,000 $22.5M No change
KLAR Klarna Group PLC 0.03% 330,000 $12.1M New
RNG Ringcentral Inc. Class A 0.03% 411,351 $11.7M No change
PLUG Plug Power Inc. 0.02% 4,098,713 $9.6M No change
JOYY Joyy Inc.-ADR 0.02% 155,705 $9.1M New
IBIT iShares Bitcoin Trust ETF 0.02% 132,640 $8.6M Add +134.7%
LCID Lucid Group Inc. 0.02% 295,393 $7.0M No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.01% 24,105 $4.2M New
SFIX Stitch Fix Inc. Class A 0.01% 790,167 $3.4M No change
MBLY Mobileye Global Inc. Class A 0.01% 226,558 $3.2M No change
CHPT Chargepoint Holdings Inc. 0.00% 154,086 $1.7M No change
OLPX Olaplex Holdings Inc. 0.00% 1,264,968 $1.7M No change
HTZ Hertz Global Hldgs Inc. 0.00% 106,823 $726K No change
AMC AMC Entertainment HLDS Class A 0.00% 228,136 $662K No change
BYND Beyond Meat Inc. 0.00% 343,393 $649K No change
API Agora Inc.-ADR 0.00% 93,700 $358K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.7M (not counted above)
SecurityClassShares / PrincipalValueChange
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 468,814$1.7MNo change

Total filed on the 13F, all lines: $40.8B.

Portfolio Sells Q2 2025 → Q3 2025
CRWV Coreweave Inc. Class A Reduce -62.2% 2.26% −5.83
AMZN Amazon.com Inc. Reduce -13.9% 4.71% −1.50
ARM Arm Holdings PLC-ADR Reduce -51.2% 0.78% −1.30
INTU Intuit Inc. Reduce -19.8% 1.41% −0.89
CEG Constellation Energy Reduce -3.4% 4.62% −0.71
KKR KKR & Co. Inc. Reduce -40.6% 0.71% −0.68
PM Philip Morris International Sold out 0.00% −0.66
PYPL PayPal Holdings Inc. Reduce -24.9% 0.86% −0.58
NVDA Nvidia Corp. Reduce -14.1% 4.52% −0.54
CHYM Chime Financial Inc. Class A Reduce -1.0% 0.53% −0.51
TEAM Atlassian Corp. Class A Reduce -10.0% 0.81% −0.49
ISRG Intuitive Surgical Inc. Reduce -3.6% 0.78% −0.34
FCNCA First Citizens Bcshs Class A Reduce -4.2% 0.89% −0.26
LLY Eli Lilly & Co. Sold out 0.00% −0.26
CDNS Cadence Design SYS Inc. Reduce -33.3% 0.41% −0.20
AMD Advanced Micro Devices Reduce -19.0% 0.49% −0.11
GNRC Generac Holdings Inc. Sold out 0.00% −0.09
GEV GE Vernova Inc. Reduce -3.2% 5.48% −0.06
YUMC Yum China Holdings Inc. Sold out 0.00% −0.03
LX Lexinfintech Holdings L-ADR Sold out 0.00% −0.03
NU Nu Holdings Ltd./Cayman Isl-A Reduce -2.4% 1.86% +0.01
TSLA Tesla Inc. Reduce -15.1% 1.89% +0.08
LRCX Lam Research Corp. Reduce -5.3% 3.27% +0.42
RDDT Reddit Inc. Class A Reduce -5.0% 3.33% +0.72

Portfolio Buys Q2 2025 → Q3 2025
GOOGL Alphabet Inc. Class A Add +259.1% 4.30% +3.32
APP AppLovin Corp. Class A Add +24.9% 4.00% +2.22
SNPS Synopsys Inc. New 2.19% +2.19
AMAT Applied Materials Inc. New 1.68% +1.68
GOOG Alphabet Inc. Class C New 1.25% +1.25
SNOW Snowflake Inc. New 1.08% +1.08
ORCL Oracle Corp. Add +24.3% 3.31% +0.96
BABA Alibaba Group Holding-SP ADR Add +130.1% 0.87% +0.60
MSFT Microsoft Corp. Add +18.1% 5.90% +0.45
TSM Taiwan Semiconductor-SP ADR Add +0.1% 5.53% +0.44
FIG Figma Inc. Class A New 0.41% +0.41
AVGO Broadcom Inc. Add +2.1% 4.67% +0.33
MRVL Marvell Technology Inc. Add +245.1% 0.43% +0.30
CVNA Carvana Co. Add +11.3% 1.85% +0.16
DASH DoorDash Inc. Class A Add +12.3% 1.64% +0.14
NTRA Natera Inc. New 0.07% +0.07
ENPH Enphase Energy Inc. Add +95.3% 0.14% +0.05
BULL Webull Corp. Add +0.7% 0.42% +0.04
KLAR Klarna Group PLC New 0.03% +0.03
JOYY Joyy Inc.-ADR New 0.02% +0.02
IBIT iShares Bitcoin Trust ETF Add +134.7% 0.02% +0.01
FUTU Futu Holdings Ltd.-ADR New 0.01% +0.01
VST Vistra Corp. Add +7.7% 0.25% −0.01
TTD Trade Desk Inc./the Class A Add +38.9% 0.17% −0.03
ETN Eaton Corp. PLC Add +2.3% 4.40% −0.26
META Meta Platforms Inc. Class A Add +9.7% 7.27% −0.30
SPOT Spotify Technology SA Add +13.3% 3.09% −0.32

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 65$48.6BTSM, LRCX, MU, SPCX, AMAT
Q1 2026 61$29.1BTSM, GEV, LRCX, AMAT, AVGO
Q4 2025Amended 52$40.0BTSM, MSFT, META, AMZN, GEV
Q3 2025 73$40.8BMETA, MSFT, TSM, GEV, AMZN
Q2 2025 69$35.9BCRWV, META, AMZN, GEV, MSFT
Q1 2025 69$22.7BMETA, AMZN, TSM, CEG, MSFT
Q4 2024 67$29.7BAMZN, META, TSM, MSFT, CEG
Q3 2024 80$26.9BMETA, AMZN, CEG, MSFT, TSM
Q2 2024 73$25.7BMETA, AMZN, TSM, NVDA, MSFT
Q1 2024 90$25.5BMETA, AMZN, MSFT, CRM, TSM