Billionaire Philippe Laffont holds 2.2 million shares of Sea Limited (NYSE:SE), worth $702.5 million, representing 2.85% of his total Q3 investments. The combined business has grown gross profit at a 37% CAGR over the past five years to $2.7 billion (due to pass through costs, gross profit is more reflective of top-line growth) and we believe that the company has an enormous long-term runway, as it has less than a 2% share of a more than $160 billion market. The funding values Aurora . Philippe Laffont graduated from MIT in 1991 in computer science. organisation Wedbush analyst Moshe Katri on December 20 lowered the price target on Block, Inc. (NYSE:SQ) to $190 from $250 and kept a Neutral rating on the shares. And how many years were you there? SvS: And you guys are long-short, how do you how do you go about picking short stocks? Coatue Management recently acquired KE Holdings Inc. (NYSE:BEKE), purchasing 6.89 million shares of the company in Q3 2021, worth $125.8 million, representing 0.51% of the firms total 13F portfolio. SvS: And what was it like meeting with Julian Robertson? Laffont currently serves as the portfolio manager of Coatue Management, and oversees a 13F portfolio worth $24.5 billion as of Q3 2021. Given this background, I thoroughly reviewed all our Chinese holdings and made a few changes. On the ecommerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. And I looked for a job. And its sort of a culture engineering where a lot of stuff you create on your own you work late at night, this was just not for me. It is our view that the companys Cash App (which has grown from nothing in 2015 to $1.2 billion gross profit last year) has a particularly large opportunity with its powerful ecosystem of digital financial services including digital wallets, direct deposits, stock trading, bitcoin trading, and business and tax services, which are all relatively new. Coatue famously is very private, but with Philippe sending out his first Tweet (not a comment), I figured it would be a good time to resurface this video and share the transcription I made of it back in 2013. offers FT membership to read for free. People dont expect you to be prepared at JPMorgan on day one. The $131.51 million revenue outperformed estimates by $12.29 million. After working as an independent consultant, he joined Tiger Management LLC as a research analyst in 1996, focusing on telecommunications stocks. Any hedge fund managing over $100M is required to submit a 13F form to the SEC which lists their current holdings at the end of each fiscal quarter. Cette aventure d'exception a t pour Philippe Frey, tout au long de cette " traverse ", une aventure de tous les dangers, ceux de la chaleur, ceux du . Disclosure: None. We initially share this idea in October 2018 and the stock already returned more than 150%. RLX Technology Inc. (NYSE:RLX), on December 3, posted its Q3 results. We exited KE holdings (ticker: BEKE), for high potential regulatory risk and the passing of the visionary founder & CEO Zuo Hui (who was a core tenet of our original thesis).. On Wall Street, theres sort of a true and proven way to succeed when youre young,Laffontinsists. And so I started buying the Herald Tribune and reading stocks. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. He began his career at McKinsey and Co. in Madrid, Spain. In this article, we discuss 10 stocks under $25 to buy according to billionaire Philippe Laffont. So of course our stocks were going up. So the short side is more about pattern recognition, and seeing a lot of odd things. One source I spoke with suggested its assets under management may now reach as high as $90 billion. Mr. . The hedge funds top buys for the third quarter included JD.com, Inc. (NASDAQ:JD), Microsoft Corporation (NASDAQ:MSFT), and Confluent, Inc. (NASDAQ:CFLT). You can enter your email below to get our FREE report. Coatue Management, a technology-themed investment management company, was founded by Philippe Laffont in 1999. He worked as an analyst in management consulting for McKinsey & Co. from 1992 to 1994 in Madrid, Spain. 367 followers 362 connections Philippe P. Laffont is the founder and portfolio manager of Coatue Management. In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. On December 8, RLX Technology Inc. (NYSE:RLX) announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $500 million of its shares over a period until December 31, 2023. Or watch Part I here. By June 2020, Coatue returned what outside capital remained and laid off a substantial chunk of the team. As of May. Venture Capital and Private Equity; Technology. The analyst stated that he is concerned about the valuations in the growth software portion of the market, inflation, and interest rates. Hertz is a car rental firm operating in 150 countries worldwide. SvS: And so you ended up going to tiger, which was obviously one of the best hedge funds out there on the street. Later, he worked as an analyst for McKinsey & Company. Here is what ClearBridge Investments has to say about UiPath Inc. (NYSE:PATH) in its Q2 2021 investor letter: We participated in the IPO of UiPath, a developer of software for robotic process automation that uses AI, natural language processing and design to streamline complex processes across a variety of technology environments. Enqute aux frontires de la loi, Philippe Bordes, Robert Laffont. Rayons. or Having started Coatue with a focus on public equities, the fund has since developed a reputation for supporting some of the most innovative technology businesses in the world. Philippe Laffont, CEO of Coatue. 10 Best High Dividend Stocks in Canada for 202210 Dividend Stocks to Buy According to Billionaire Jim Simons' Hedge Fund10 Stocks Under $30 to Buy According to David Einhorn's Greenlight Capital10 Tech Stocks To Buy According to Billionaire Philippe LaffontAmazon.com Inc. (NASDAQ:AMZN)Block Inc. (NYSE:SQ)Daily NewsletterHeadlineMarqeta Inc (NASDAQ:MQ)NASDAQ:AMZNNASDAQ:MQNYSE:PATHNYSE:SENYSE:SQSea Limited (NYSE:SE)UiPath Inc. (NYSE:PATH)Yahoo FinanceShow moreShow less. Last week OneWire published their first interview with Philippe Laffont, Founder and CEO of Coatue Management. And if theres enough odd things that leads you to believe the company is wrong. With a history of investing in numerous technology companies in China, Laffont and Coatue also host the annual East Meets West conference, which seeks to bring together the brightest minds in the technology industry from both the US and China. Wildcat Capital Management is the largest RLX Technology Inc. (NYSE:RLX) stakeholder as of September, increasing its stake in the company by 2762%, holding a $107.7 million position. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Laffonts Coatue Management owns 7.59 million Nikola Corporation (NASDAQ:NKLA) shares, worth over $81 million, representing 0.32% of the firms Q3 investments. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. And I want to pick tech names. organisation With shares pulling back during the quarter, we initiated a small GardenSM position., Coatue Managements Stake Value: $702,579,000, Percentage of Coatue Managements 13F Portfolio: 2.85%. We still like this investment. We get a lot of resumes and stuff. A total of 30 hedge funds reported owning stakes worth $600.6 million in Stitch Fix, Inc. (NASDAQ:SFIX) during Q3 2021, as compared to 35 funds in the preceding quarter, holding stakes in the company amounting to $702.7 million. 11 hedge funds monitored by Insider Monkey were bullish on RLX Technology Inc. (NYSE:RLX) in the third quarter, with total stakes valued at $251.8 million. Citi analyst Lydia Ling on December 6 lowered the price target on RLX Technology Inc. (NYSE:RLX) to $11.50 from $15.10 and kept a Buy rating on the shares post the Q3 results. But what a great training ground. Theres a second type of shorts, which is the opposite of your long, which is, if Google does really well, the Yellow Pages are probably not gonna do well. Cathie Wood purchased 303,700 shares in UiPath Inc. (NYSE:PATH) on December 13, which increased her total position in the company to 23.93 million shares worth $1.25 billion. Wall Street is a very competitive environment full of smart people. And then, I got a job at a mutual fund, very small mutual fund, where I worked for free. Last weekOneWirepublished their firstinterview with PhilippeLaffont,Founder and CEO of Coatue Management. cookies But then really dedicate your wealth for two or three years to take and learn the most that you can from there. Marqetas growth over the years has been largely attributed to its partnership with Squares Cash Appmore than 70% of revenuesbut we believe recent client wins (Google Pay) and the continued emergence of innovative digital payment services who need Marqetas technology infrastructure make for a compelling profit cycle ahead. or I arrived in New York and I knew nobody. But let me tell you, if the market had gone down the three years that I did this, I would have for sure given up and done something else. Joshua Kushners, KE Holdings Inc. (NYSE:BEKE) is a notable stock pick of billionaire Philippe Laffont, just like. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. The second one is that on Wall Street, theres sort of a true and proven way to succeed when youre young. As per the 13F filings from September, Coatue Management purchased 13 new stocks, reduced holdings in 37 equities, sold out of 13 companies, and bought additional stakes in 11 securities. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Theres so many people right now who say, oh, working on Wall Street, youre not gonna learn anything, youre not adding any value. And then theres ways to migrate from that. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. The Q3 database of Insider Monkey reported that 17 hedge funds were long Oscar Health, Inc. (NYSE:OSCR), up from 16 funds in the prior quarter. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. For a full comparison of Standard and Premium Digital, click here. Coatue Managements Stake Value: $64,867,000. Skiddy von Stade (SvS): Today, Im here with my good friend Philippe Laffont, who is the CEO of Coatue, which is one of the most successful technology oriented hedge funds on the street today. Amazon.com, Inc. (NASDAQ:AMZN) makes up 2.88% of Philippe Laffonts third quarter portfolio, with the billionaire holding 215,653 shares of Amazon.com, Inc. (NASDAQ:AMZN), worth $708.4 million. 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SvS: Okay. But nevertheless, it gave us the passion. commentary and analysis you can trust. and M.Sc. Make sure youve got the basics down and you are ready to add value the minute you walk in the door.People dont expect you to be prepared at JP Morgan on day one. Publishing its Q3 results on November 10, Oscar Health, Inc. (NYSE:OSCR) posted a loss per share of $1.02, missing estimates by $0.37. Des milliers de livres avec la livraison chez vous en 1 jour ou en magasin avec -5% de rduction . When I was 16, I either did not have the confidence or my parents did not let me go out enough. Laffont attributes this success to a patient and long-term investment philosophy, which has seen Coatue grow from $45 million in 1999 to over $25 billion in 2020. for Mr. Laffontwill be openedin the link below soon. In 2022, the analyst expects the internet group to be in a stronger position than pre-pandemic levels due to increased digitization of the economy, and he prefers e-commerce and subscription based names over online advertising. You may change or cancel your subscription or trial at any time online. SvS: Thats great. Here is what Tao Value has to say about Sea Limited (NYSE:SE) in its Q2 2021 investor letter: Sea continued to execute above expectation. KE Holdings Inc. (NYSE:BEKE) is a notable stock pick of billionaire Philippe Laffont, just like Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ:FB), and Netflix, Inc. (NASDAQ:NFLX). We see several investors trying to strike it rich in options market by risking their entire savings. The engineering world is very interesting intellectually, but its not where youre going to necessarily find the most sort of not interesting, because the people are very interesting, but animated. Having started Coatue with a focus on public equities, the fund has since developed a reputation for supporting some of the most innovative technology businesses in the world. in Computer Science. Since I first learned of hedge funds, Ive been fascinated by Julian Robertson and the Tiger Cubs. Change). In addition to The Walt Disney Company (NYSE:DIS), Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), and Netflix, Inc. (NASDAQ:NFLX), Block, Inc. (NYSE:SQ) is a notable stock from Philippe Laffonts Q3 portfolio. Prior to founding Coatue, Mr Laffont worked at McKinsey & Co. in Madrid and graduated from MIT with a degree in Computer Science. And I got to meet him for two minutes. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. The same 10-year period job at a mutual fund, where I worked for FREE FREE report very competitive full! 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