Apple Inc. (AAPL), Netflix Inc. (NFLX), Micron Technology Inc (MU): Philippe Laffont’s Coatue Management Loves Large-Cap Tech Companies

Philippe Laffont’s Coatue Management recently filed with the SEC its 13F for the second quarter of 2014, disclosing its long equity positions as of June 30. The fund declared an equity portfolio, worth more than $8 billion, with a strong focus on technology (53%) and consumer discretionary (40%) stocks. In this article we will take a look at Apple Inc. (NASDAQ:AAPL), Netflix, Inc. (NASDAQ:NFLX), and Micron Technology Inc (NASDAQ:MU), as Coatue’s most valuable equity positions for the second quarter of the year.

First off is Apple Inc. (NASDAQ:AAPL), the $611 billion market cap tech giant. After boosting its stake by more than 500%, Coatue Management owns over 10 million shares of the company, worth more than $938 million. This position accounts for roughly 11.6% of the fund’s equity portfolio’s total value.

COATUE MANAGEMENT

Other big names with big stakes in Apple Inc. (NASDAQ:AAPL) are Carl Icahn of Icahn Capital LP, who owns 52.76 million shares, worth almost $5 billion, and D.E. Shaw, who last disclosed ownership of 11.88 million shares, worth about $1.1 billion.

Netflix, Inc. (NASDAQ:NFLX) came in second. The $28 billion market cap internet television network saw the fund acquire 539,692 shares over the quarter. Following this 35% increase in its position, Coatue owns more than 2 million shares, worth over $918 million. As Netflix, Inc. (NASDAQ:NFLX)’s stock traded at relatively low prices over the second quarter one can understand the fund’s purchase as an opportunistic one. Since the end of the quarter, the stock has already returned 8%, recuperating from a steep fall in July.

Mr. Laffont’s fund holdings make it the largest hedge fund shareholder at the company – amongst those we track. Once again – and in spite of a 22% reduction in its stake, Carl Icahn is among the largest hedge fund investors, with 1.76 million shares of Netflix, Inc. (NASDAQ:NFLX). Andreas Halvorsen of Viking Global also seems quite bullish on the company, as his fund started a position, with 1.31 million shares, between April 1 and June 30, inclusive.

Coatue’s third largest bet was placed on Micron Technology Inc (NASDAQ:MU), a $35 billion market cap semiconductor manufacturer. After adding about 36% to its holdings, the fund owns 16.17 million shares of the company, worth more than half a billion dollars. The stock has returned by almost 50% year-to-date, and 55% over the second quarter.

Seth Klarman’s Baupost Group is the largest hedge fund shareholder of record at Micron Technology Inc (NASDAQ:MU), with 51.65 million shares of the company, which have a market value of more than $1.7 billion. The fund is trailed by David Einhorn’s Greenlight Capital and Andreas Halvorsen’s Viking Global, which own 40.34 million shares and 17.69 million shares, respectively. However, both these funds trimmed their stakes in the company over the second quarter of 2014.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!