Philippe Laffont’s Top 5 Stock Picks

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Below is the list of Philippe Laffont’s top 5 stock picks. For a detailed discussion about Laffont’s investment philosophy and portfolio management strategy please see Philippe Laffont’s Top 10 Stock Picks.

5. Meta Platforms, Inc. (NASDAQ:META)

Coatue Management’s stake value: $622 million

Percentage of portfolio: 4.55%

Number of hedge fund holders: 204

Shares of Meta Platforms, Inc. (NASDAQ: META) have been struggling to gain investors’ confidence in 2022 due to concerns over regulatory issues and slowing user growth. The company missed revenue and earnings expectations for the June quarter and market analysts are now anticipating a further drop in its revenue and earnings in the September quarter. Philippe Laffont, however, sees the volatility as a buying opportunity. His firm increased its stake in the company by 19% during the March quarter. 

The number of long hedge fund positions has also been declining in Meta Platforms over the past three successive quarters. Of the 912 hedge funds tracked by Insider Monkey, Meta Platforms was in 204 of their 13F portfolios compared to 230 positions in the previous quarter.

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