![]() It is now near the bottom of that range at $14.09. Lucid Group ( LCID): LCID is a small 1.54% of the portfolio stake purchased during the last two quarters at prices between ~$14 and ~$46. The stake is now at 2.52% of the portfolio.Īlibaba Group Holding ( BABA): The 2.27% BABA stake was built this quarter at prices between ~$81 and ~$120 and the stock is now just below that range at $80.45. The stake was rebuilt last quarter at prices between ~$29 and ~$45. That was followed with a ~55% reduction in Q4 2021 at prices between ~$36 and ~$48. ![]() Q1 2021 saw a roughly one-third selling at prices between ~$48 and ~$63. The stake was rebuilt in the Q2 to Q4 2020 time period at prices between ~$23 and ~$55. Q4 2019 & Q1 2020 saw the stake sold down by ~90% at prices between ~$21 and ~$41. This is compared to the current market cap of ~$44B. Coatue's stake goes back to a funding round in 2018 when the valuation was ~$60B. Shares started trading at ~$42 and currently goes for $26.72. Uber Technologies ( UBER): UBER had an IPO in Q2 2019. The stock currently trades well above that range at $287. The stock currently trades at $49.52.Įnphase Energy ( ENPH): ENPH is a 3.23% of the portfolio stake primarily built this quarter at prices between ~$138 and ~$216. Last two quarters saw a ~55% reduction at prices between ~$43 and ~$88 while this quarter there was a ~75% increase at prices between ~$49 and ~$67. JD.com ( JD): JD.com is a ~5% of the portfolio position purchased in Q3 2021 at prices between ~$62 and ~$83. The stock is now at ~$116 and it is now at 5.29% of the portfolio. Q4 2021 saw a ~24% stake increase at prices between ~$155 and ~$185 while last quarter there was a ~45% selling at prices between ~$136 and ~$170. Next quarter saw a ~80% reduction at prices between ~$14 and ~$16. A similar stake build-up happened in H2 2013 at prices between ~$13 and ~$14. Stake Increases:Ī ( AMZN): A large stake in AMZN was built in the 2009-2011 timeframe but was sold down next year. ( EFX) and ( MNDY): These two very small (less than ~0.65% of the portfolio each) stakes were established this quarter. UPST is a 0.90% of the portfolio position purchased at prices between ~$28 and ~$114 and it currently trades well below that range at $20.54.Įquifax Inc. The 0.93% SOFI stake was established at prices between $5.25 and $9.77 and it currently goes for $5.13. PATH is a 0.93% of the portfolio position purchased at prices between ~$14 and ~$23 and it is now below the low end of that range at $12.75. The ~1% VEEV stake was established at prices between ~$153 and ~$216 and it is now at ~$167. ( PATH), SoFi Technologies ( SOFI), and Upstart Holdings ( UPST): DDOG is a ~1% of the portfolio position purchased this quarter at prices between ~$82 and ~$157 and the stock currently trades at $90.94. ( DDOG), Veeva Systems ( VEEV), UiPath Inc. To know more about Julian Robertson and his legendary Tiger Management, check out Julian Robertson: A Tiger in the Land of Bulls and Bears. He founded Coatue Management as a tech-focused long-short hedge fund in 1999 and is one of the most successful among the "tiger cubs". Philippe Laffont was a telecom analyst at Tiger Management from 1996. Please visit our Tracking Philippe Laffont's Coatue Portfolio series to get an idea of their investment philosophy and our previous update for the fund's moves during Q1 2022. They add up to ~38% of the entire portfolio. The largest five stakes are Tesla, Moderna, Rivian Automotive,, and JD.com. Recent 13F reports have shown around 70 individual stock positions in the portfolio. The 13F portfolio value decreased ~40% from $13.67B to $8.26B this quarter. It is based on Coatue's regulatory 13F Form filed on. This article is part of a series that provides an ongoing analysis of the changes made to Coatue Management's 13F stock portfolio on a quarterly basis.
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