Philippe Laffont Profile
Coatue Management is a private hedge fund sponsor that is wholly owned by its employees and is headquartered in New York. Coatue Management was founded in 1999 and has additional offices in Edison, New Jersey, and Menlo Park, California. The company is best known for its tech focused hedge fund, providing its services to pooled investment vehicles, launching and managing various hedge funds for its clients. The company utilizes a fundamental analysis with both long/ short strategies and top down stock picking in order to create and manage its portfolios. Coatue Management invests primarily in US and Non-US publicly traded equity securities and related securities, although it also invests in hedging markets and private equity including equity swaps and options. The company has the majority of its assets invested in the information technology sector, which along makes up over half of its total allocated assets, and also invests in consumer discretionary, the next most heavily invested that makes up a third of its total invested assets, and health care, utilities and telecommunications, and energy, among others, listed in order of amount allocated. Its top holdings include Aplle, Avago Technologies, Netflix, Charter Communications, and Facebook, with its top 10 holdings alone making up over 60% of its invested total. The company’s market value is currently at $10.5 billion, an improvement from its $9 billion valuation two years ago, although it did drop to as low as $5.6 billion in 2014. The company currently has 89 employees overseeing its total of $17 billion in assets under management. Coatue Management has 4 accounts under management, averaging out to $4.25 billion per account. While the number of accounts under the company’s management has not really changed since 2012, the company’s total assets under management has seen significant growth, increasing from its $7.1 billion under management to over twice that amount today.