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.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

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!