This year, Coatue Management, owned by Philippe Laffont, saw a 17 percent value decline. Without changing his approach in January, losses would have hit 40%. Coatue has traditionally responded to market downturns by reducing its equity exposure and building up its cash reserves. 80 percent of the portfolio was cash as of May 2022, and 20 percent was invested in stocks. Coatue Management’s Q1 2022 portfolio is valued at $13.6 billion, down from $22.5 billion in the previous quarter. The healthcare, financial, information technology, consumer discretionary, and communications sectors are where the hedge fund primarily invests. It has done better than the Nasdaq benchmark, which is heavily weighted toward technology and has been down over 27% thus far this year.
Insider Monkey highlighted 10 stocks that billionaire Philippe Laffont is selling. Snap Inc. reported GAAP earnings per share of $0.21 and $1.11 billion in revenue. In the fourth quarter of 2021, 2.4 million Snap Inc. shares valued at $113.78 million were owned by billionaire Philippe Laffont. In Q2 2019, Coatue Management made its initial investment in Global Payments Inc. About 1.3 million of the company’s shares, worth $174.8 million, were held by the hedge fund. Coatue Management completely sold the stake in Q1 2022. In the first quarter of 2022, Coatue Management, owned by billionaire Philippe Laffont, sold its Twitter holding. In the fourth quarter of 2021, the hedge fund had 34,753 shares of Twitter, Inc., valued at $1.5 million. Canada-based Shopify Inc. operates online stores. The business received its first investment from Coatue Management, owned by billionaire Philippe Laffont, in the second quarter of 2017. With the exception of one quarter, the hedge fund has maintained a generally steady position over the years. The semiconductor, display, and related industries can purchase manufacturing tools and software from Applied Materials, Inc., a business with headquarters in California. The expert warned investors that the current semiconductor surge should end because it is “far too early to purchase the drop.” For more details, click 10 Stocks That Billionaire Philippe Laffont Is Selling.
