Coatue Management Q2 2025 Portfolio Update: Tracking Philippe Laffont's $36B Stock Holdings

Coatue Management's Q2 2025 portfolio update shows a ~$36B portfolio with changes made on a quarterly basis. The update is part of a series analyzing the changes in Coatue's 13F stock portfolio.

Coatue Management's latest 13F stock portfolio update reveals a significant increase in value, with the portfolio growing from $22.68 billion to $35.90 billion in the second quarter of 2025. The update, part of a series analyzing the hedge fund's quarterly changes, provides insights into the fund's investment strategy and recent portfolio adjustments.

The portfolio, as of the end of Q2 2025, comprises around 75 individual stock positions. The largest five stakes—CoreWeave, Meta Platforms, Amazon, GE Vernova, and Microsoft—account for approximately 33% of the entire portfolio. Notable additions to the portfolio this quarter include Oracle Corporation (ORCL) and Arm Holdings (ARM), while Chime Financial (CHYM), Caris Life Sciences (CAI), and Hinge Health (HNGE) were added through their respective IPOs.

Coatue Management also made several stake disposals and increases. The small stake in Super Micro Computer (SMCI) was disposed of during the quarter. CoreWeave (CRWV), which had an IPO in March, saw a significant ~25% stake increase this quarter. Microsoft Corporation (MSFT) experienced a ~20% stake increase, while Taiwan Semiconductor (TSM) saw a marginal increase. NVIDIA Corporation (NVDA) had a ~35% stake increase, and Broadcom Inc. (AVGO) saw a ~60% stake increase.

Additionally, Coatue Management launched the Coatue Innovation Fund (CTEK) in May 2025, a closed-end fund with a $50K minimum and access only to accredited investors.

The portfolio also includes notable long-term stakes, such as Netflix, Inc. (NFLX), which has been part of the portfolio since 2012. The fund's investment philosophy and previous updates can be found in the Tracking Philippe Laffont’s Coatue Portfolio series Tracking Philippe Laffont's ~$36B Coatue Management Portfolio - Q2 2025 Update^[1].