Coatue Management (Laffont)
famous-pm, tech, growth, active
Quarter Analysis
13F change notes for Coatue Management (Laffont) in 2025-12-31.
Coatue's last 'wide' quarter before the Q1 concentration step-up: book steady at $40B / 52 names with all the mega-cap-tech anchors held flat. Notable single-quarter exit: CoreWeave dropped after 3 quarters held. Applied Materials nearly doubled (+79% shares), Netflix +1655% (a massive scale-up from a tiny prior sleeve), DoorDash +78%. Constellation Energy entered the persistence column at 5.2% (power play). No fundamental rotation yet — the AI-pivot fireworks are still one quarter away.
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× EXIT
COREWEAVE INC CRWV
Exited after 3 quarters held — opposite of Situational Awareness, which was scaling CoreWeave to 22% in the same quarter.
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▲ ADDED
APPLIED MATLS INC AMAT
Shares +79% to 3.8% weight — the early move toward the Q1-2026 semi-cap-equipment thesis.
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▲ ADDED
NETFLIX INC. NFLX
Shares grew 16x from a tiny prior sleeve — pushing NFLX into a real 2.5% position for the first time in years.
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★ HELD
CONSTELLATION ENERGY CORP CEG
9 quarters in the book, +81% unrealized — the AI-power thesis baked in well before it became consensus.
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★ HELD
NVIDIA CORPORATION NVDA
37 quarters held, +318% unrealized — held flat into the Q1 cuts that follow.
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▲ ADDED
DOORDASH INC DASH
Scaled +78% to 2.5% — Coatue building consumer exposure alongside the tech core.