Philippe Laffont’s Top Tech Stocks: Apple Inc. (AAPL), Avago Technologies Ltd (AVGO), Netflix Inc. (NFLX), Facebook Inc (FB)

The third position is held by Netflix Inc. (NASDAQ:NFLX), in which Coatue trimmed its stake by 2% to 1.76 million shares valued at $734.69 million. Shares of Netflix Inc. (NASDAQ:NFLX) are up by 81.82% year-to-date, rather stunning growth for a large-cap stock as it continues to expand its online video streaming services around the globe at an impressive pace. FBR Capital Markets has an ‘Outperform’ rating with a staggering price target of $900 on the stock, showing potential upside of nearly 50% more. Netflix Inc. (NASDAQ:NFLX) is planning to offer its content in China, which is estimated to be a $5.9 billion market for the company, according to CNBC’s Jim Cramer, who talked on CNBC about Netflix venturing into China and the growth opportunities associated with it for the company. He said that Netflix Inc. (NASDAQ:NFLX) is in talks with Chinese media company Wasu Media, which is backed by Alibaba Group Holding Ltd (NYSE:BABA) founder Jack Ma. Karthik Sarma’s SRS Investment Management boosted its position in Netflix by 400% to 750,000 shares during the first quarter.

In Facebook Inc (NASDAQ:FB), Mr. Laffont upped his stake by over 10% to 7.91 million shares worth $650.23 million. Facebook Inc (NASDAQ:FB) is one of the most popular technology stocks among billionaires and reported strong financial results for the first quarter, with revenue growing to $3.54 billion, compared to $2.50 billion year-over-year. In addition, the company managed to increase its monthly active users to 1.44 billion. Shares of Facebook Inc (NASDAQ:FB) have gained 25.1% during the last year. Stephen Mandel’s Lone Pine Capital is among the top billionaire shareholders of Facebook Inc (NASDAQ:FB), holding 8.11 million shares as of March 31.

Lastly is Baidu Inc (ADR) (NASDAQ:BIDU), in which Mr. Laffont’s position contains 3.02 million shares valued at $628.92 million. The stake was increased by 3% from the previous reporting period. Baidu Inc (ADR) (NASDAQ:BIDU), an online search provider in China dubbed “the Chinese Google”, posted a 34% year-over-year revenue increase in the first quarter of 2015 to $2.05 billion. Baidu Inc (ADR) (NASDAQ:BIDU)’s stock has risen by 19.05% since May 2014. Viking Global, led by Andreas Halvorsen, held 2.43 million shares of Baidu Inc (ADR) (NASDAQ:BIDU) at the end of March.

Disclosure: None