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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!