Philippe Laffont’s Top 5 Stock Picks

1. Tesla, Inc. (NASDAQ:TSLA)

Coatue Management’s stake value: $1.64 billion

Percentage of portfolio: 12.04%

Number of hedge fund holders: 80

Tesla, Inc. (NASDAQ:TSLA) is the largest stock holding of Philippe Laffont’s hedge fund, with the firm’s stake worth $1.64 billion as of March 31. The firm is bullish on the fundamentals of the electric vehicle maker and expects it to continue growing. Tesla has generated robust returns for its shareholders over the years, thanks to its aggressive growth plans combined with the world’s move towards alternative clean energy sources. 

In its first quarter investor letter, Grantham Mayo Van Otterloo & Co. LLC, an asset management firm, mentioned a few stocks including Tesla. Here is what the firm said: 

“To put the demand growth for clean energy materials into perspective, let’s look at Tesla (NASDAQ:TSLA). At its Battery Day last year, Tesla projected three terawatt hours of lithium-ion battery capacity needed in 2030 for the EVs and storage they expect to produce. To reach this target, Tesla alone would gobble up approximately 75% of the world’s current nickel production and four times the world’s current lithium production. These numbers are astounding enough, but when one considers that EVs currently represent just 15% of global nickel demand and about 45% of lithium demand and that Tesla will likely be producing only a small proportion of the world’s EVs in 2030, the implications are staggering. Clean energy materials companies will make a lot more money in the decades to come than they ever have both because they will be selling a lot more metric tons of material and because there are certain to be shortages where supply can’t keep up with the rapidly growing demand.”

You can also take a look at the Billionaire Dan Loeb is Adding These 9 Stocks in his Portfolio and Jim Cramer Is Talking About These 10 Stocks.

Follow Insider Monkey on Twitter