In this article, we explore the Top 10 Growth Stocks in Billionaire Philippe Laffont’s Portfolio.
US equities are looking increasingly attractive as valuations have dropped in line with a deep correction from all-time highs. The Nasdaq 100, home to some of the biggest growth stocks, is already down by about 1.2% for the year after an initial 8% pullback. According to Goldman strategists, the underperformance is starting to generate attractive opportunities.
Growth stocks reached record highs last year, driven by robust revenue growth, booming profits, and dominant market positions. Fast forward, and they have pulled back due to concerns about ballooning spending in AI. The Goldman Sachs team, led by Peter Oppenheimer, is also wary that the disruptive impact of AI on existing business models has triggered the pullback.
“These factors have opened up an opportunity in the technology sector where growth rates remain strong, but valuations are now low,” Oppenheimer said. Tech stocks have seen strong earnings and positive earnings revisions, and return on equity has remained high, Oppenheimer added.
Any correction in the equity markets is a buying opportunity rather than the start of a bear market , according to the Goldman strategists, even though risk assets face headwinds from conflict in Iran and anxiety over AI. The strategists also noted that the markets have remained broadly stable.
“We see correction risks as high given current valuations, but expect this to present a buying opportunity with relatively low risk of a more protracted and deep bear market,” Oppenheimer said.
Morgan Stanley strategists also share similar sentiments, insisting that the deep correction in the equity market is nearing its final stage. According to the team led by Michael Wilson, there is growing evidence that equities sell off “is getting closer to its ending stages.”
“We think the equity market is less complacent on growth risks than the consensus believes,” the strategists said in a note.
Billionaire Philippe Laffont, $70 billion Coatue Management, is one hedge fund well-positioned to capitalize on a potential market bounce back. It ended 2025 on a high with a 19% return, having recorded 9% gain through the first half of the year. The impressive performance stemmed from the fund’s heavy concentration in growth stocks with significant exposure to artificial intelligence and market leaders in various segments.
With that in mind, let’s take a look at some of the top growth stocks in billionaire Philippe Laffont’s portfolio.
Philippe Laffont of Coatue Management
Our Methodology
To curate our list of Top 10 growth stocks in Billionaire Philippe Laffont’s portfolio, we scanned Coatue Management’s Q4 2024 13F filing. Next, we filtered for companies expected to grow earnings and revenues faster than the overall industry. Finally, we shortlisted the 10 stocks with upside potential of more than 20% and are popular among elite hedge funds in the fourth quarter of 2025. The stocks are ranked in ascending order based on Coatue Management’s equity stakes in the stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Top Growth Stocks in Billionaire Philippe Laffont’s Portfolio
10. Oracle Corporation (NYSE:ORCL)
Stock Upside Potential: 71.45%
Number of Hedge Fund Holders: 111
Coatue Management’s Stake Value: $865,401,960
Oracle Corp (NYSE:ORCL) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 8, Oracle Corp was a big mover in the market amid reports that Pacific Investment Management Co is in talks to provide the company with $14 billion in debt financing.
The $14 billion debt financing is to go towards a major data center project in Michigan. The financing could be structured as a bond, as Pimco could syndicate it to other investors. The company is working on a large data center in Saline township that will help power applications for OpenAI.
In a separate update, UBS reiterated a Buy rating on Oracle Corp and a $250 price target. The bullish stance is in response to the company confirming the appointment of Hilary Maxson as the next Chief Financial Officer. She takes over from Doug Kehring, who is stepping down as part of a planned transition. Maxson is helping the company navigate the massive development plans and the cash crunch it is facing.
Oracle Corporation is a global technology company specializing in enterprise software, database management systems, and cloud computing infrastructure. It helps businesses store, manage, and analyze large-scale data, powering core operations like banking, supply chain, and HR. Key offerings include Autonomous Database, cloud applications (ERP, CRM), and AI infrastructure.
9. DoorDash Inc. (NASDAQ:DASH)
Stock Upside Potential: 62.79%
Number of Hedge Fund Holders: 108
Coatue Management’s Stake Value: $988,667,865
DoorDash Inc. (NASDAQ:DASH) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On March 30, Wolfe Research reiterated DoorDash Inc. with an Outperform but cut the price target to $195 from $265.
The price target cut comes on the heels of the company announcing fuel price relief for delivery drivers. The fuel relief program also includes 10% cash back on gas for delivery drivers with a DoorDash Crimson Visa debit card, five times the standard 2% rate. Dashers who drive 125 miles or more are also entitled to a relief payment starting at $5 to a maximum of $15.
The firm expects the relief to trigger $15 million in costs in the next four weeks, with the majority of the impact, at $11 million, coming in the second quarter. If DoorDash decides to continue the fuel relief effort, the research firm expects the company to incur an incremental cost of $15 million monthly. It has also lowered its gross order value and EBITDA estimates to account for the fuel price relief.
DoorDash Inc. is a leading local commerce platform and technology company that facilitates on-demand delivery and pickup services. The company connects consumers with a variety of local businesses, including restaurants, grocery stores, retail shops, and convenience stores via its app and website.
8. AppLovin Corporation (NASDAQ:APP)
Stock Upside Potential: 57.18%
Number of Hedge Fund Holders: 108
Coatue Management’s Stake Value: $1,472,800,044
AppLovin Corporation (NASDAQ:APP) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 7, AppLovin Corporation stock rallied by about 6.7% as investors reacted to Wells Fargo raising the stock’s price target to $560 from $543 while reiterating an Overweight rating.
According to the research firm, the company is benefiting from improving industry checks and is well-positioned to deliver solid first-quarter earnings. Analyst Alec Brondolo has since raised the company’s first-quarter revenue estimates by 3%, buoyed by strong mobile game checks. The checks suggest that in-app advertising growth is above normal seasonality, with Applovin holding a significant share.
“Industry checks indicate 1Q mobile game IAA revs trended better than seasonal (1Q generally down ~LSD, 1Q:26 ~flat q/q). APP share of voice in IAA inventory ~flat y/y (even as META 1Q share ticked up to ~13-14% vs. ~11% in 4Q),” Brondolo said.
The investment bank expects Applovin to deliver first-quarter revenue of $1.82 billion, representing a 10% quarter-over-quarter increase. It also expects ecommerce revenue to come in at $235 million, up from $222 million in the fourth quarter, even though new advertiser growth has not yet inflected.
AppLovin Corporation is a technology company that provides AI-powered software solutions designed to help businesses, primarily mobile app developers, grow by acquiring users and monetizing their apps.
7. NVIDIA Corporation (NASDAQ:NVDA)
Stock Upside Potential: 53.22%
Number of Hedge Fund Holders: 264
Coatue Management’s Stake Value: $1,716,422,538
NVIDIA Corporation (NASDAQ:NVDA) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. In April, NVIDIA Corporation announced a strategic collaboration with Google to optimize Gemma 4 for NVIDIA GPUs. The two are joining forces to enable efficient performance across a range of systems from data center deployments to NVIDIA RTX-powered PCs and workstations.
Consequently, they have introduced new models, including E2B, E4B, 26B, and 31B variants designed to support various tasks such as reasoning, coding, and multimodal interactions. The models are designed for efficient deployment across devices to high-performance systems like RTX PCs and DGX Spark.
NVIDIA and Google’s collaboration on Gemma 4 aims to enable local, agentic AI capabilities, enabling users to automate tasks using personal context. In addition, the Gemma Models allow users to build capable local agents that automate tasks and draw context from personal files and workflows. NVIDIA has already collaborated with Ollama and llama.cpp to provide the best local deployment experience.
NVIDIA Corporation is a leading technology company that pioneered the graphics processing unit (GPU) in 1999, specializing in accelerated computing and artificial intelligence (AI). They design chips, software, and systems for data centers, gaming, professional visualization, and automotive markets, powering generative AI, robotics, and cloud computing.
6. Broadcom Inc. (NASDAQ:AVGO)
Stock Upside Potential: 39.97%
Number of Hedge Fund Holders: 202
Coatue Management’s Stake Value: $1,907,089,565
Broadcom Inc. (NASDAQ:AVGO) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 7, Mizuho reiterated its Outperform rating on Broadcom Inc. and raised its price target to $480. The positive stance is in response to the extension of the company’s strategic partnership with Google and Anthropic.
Under the terms of the agreement, Broadcom is to produce future versions of artificial intelligence chips for Google. It has also agreed to give Anthropic access to about 3.5 gigawatts of computing capacity, drawing on Google’s AI processors .
According to the analysts, the strategic partnership could result in cumulative revenue of more than $80 billion for Broadcom. The research firm also expects the company to pick $21 billion in AI revenue from Anthropic in 2026 and $42 billion in 2027.
Broadcom Inc. is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company acts as a critical supplier to the technology industry, with products supporting data centers, networking, software, broadband, wireless, and storage markets.
5. Constellation Energy Corporation (NASDAQ:CEG)
Stock Upside Potential: 39.50%
Number of Hedge Fund Holders: 76
Coatue Management’s Stake Value: $2,086,827,360
Constellation Energy Corporation (NASDAQ:CEG) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 4, analysts at Barclays reiterated Constellation Energy Corporation with an Overweight and raised the price target to $360 from $356.
The price target hike comes on the heels of Constellation Energy reiterating that it expects its 2026 earnings to come in at between $11 and $12 a share. According to Barclays, the earnings guidance appears conservative as it expects it to track towards $19 per share in 2029.
Philippe Laffont of Coatue Management
In addition to earnings growth, Constellation Energy plans $3.9 billion in capital spending in 2026. The company has also raised its share buyback authorization to $5 billion as it moves to meet growing demand for clean electricity in the US. The company is well-positioned to capitalize on strong US power demand after hitting a record high in 2025 due to rapid build-out in data centers for AI and cryptocurrency.
Constellation Energy Corporation is the largest producer of carbon-free energy in the U.S., generating and selling electricity and natural gas to commercial, industrial, and residential customers. They operate a massive fleet of nuclear, wind, solar, and hydro assets, and provide energy management services and sustainable solutions.
4. Alphabet Inc (NASDAQ:GOOGL)
Stock Upside Potential: 23.77%
Number of Hedge Fund Holders: 243
Coatue Management’s Stake Value: $2,141,369,468
Alphabet Inc (NASDAQ:GOOGL) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 7, Alphabet Inc.’s (NASDAQ:GOOGL) Waymo unit began offering a fully autonomous ride-hailing service in Nashville.
The autonomous ride-hailing service is designed to cover a 60-square-mile area, including downtown Broadway, 12 South, Midtown, and East Nashville. Waymo is also conducting testing at Nashville International Airport. While the service is currently available on the Waymo APP, there are plans to start offering it through the Lyft app, with Lyft serving as the fleet partner in Nashville.
On the other hand, research firm Citizens has reiterated an Outperform rating on Alphabet following the launch of the expansive ride-hailing autonomous service in Nashville. According to Citizens analyst Andree Boone, Waymo is slowly transitioning into a sixth-generation autonomous driving system with about 3,000 vehicles on the road.
It is a significant improvement given that the company had 2,700 vehicles on the road in November. In addition, data from over 170 million miles travelled shows the service has achieved a 13-fold reduction in crashes involving serious injuries.
Alphabet Inc is a holding company and the parent company of Google and several former Google subsidiaries, including Waymo (autonomous driving) and Calico. It manages a diverse portfolio in AI, digital advertising, search, cloud computing, software, hardware, and research, aiming to grow beyond internet services.
3. Amazon.com, Inc. (NASDAQ:AMZN)
Stock Upside Potential: 33.34%
Number of Hedge Fund Holders: 381
Coatue Management’s Stake Value: $2,292,565,408
Amazon.com, Inc. (NASDAQ:AMZN) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 7, Amazon.com, Inc.’s cloud unit, Amazon Web Services, entered into a 5-year strategic collaboration with Coupa. The ultimate goal is to deliver autonomous direct and indirect spend across the spend lifecycle from sourcing to payment and finally on supply chain execution.
Under the terms of the agreement, AWS AI capabilities are to be integrated into Coupa’s business intelligence network. The integration will enable customers to deploy Coupa Navi agents built on Amazon Bedrock using AWS AI and machine learning services. Additionally, it is expected to accelerate the path toward autonomous spend management.
Similarly, Uber is expanding its use of Amazon Web Services infrastructure as it looks to enhance its ride-sharing and delivery operations. The company is to deploy an AWS Graviton4 instance to support its Trip Serving Zones. The system, which processes ride and delivery requests, handles millions of predictions and location data, and is to leverage AWS for faster scaling during demand spikes.
Amazon.com, Inc. is a massive technology and retail company that operates a global e-commerce marketplace, provides cloud computing services via Amazon Web Services (AWS), produces consumer electronics (like Kindle and Echo), and offers digital streaming/entertainment services (Prime Video, Music, Audible).
2. Meta Platforms, Inc. (NASDAQ:META)
Stock Upside Potential: 49.09%
Number of Hedge Fund Holders: 256
Coatue Management’s Stake Value: $2,496,426,714
Meta Platforms, Inc. (NASDAQ:META) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 1, Bank of America touted Meta Platforms, Inc. as one of the top stock recommendations after the recent sell-off in the broader equity market.
According to the research firm, Meta is one of the companies well-positioned to benefit from market and business catalysts in the coming quarters. One of the catalysts expected to fuel a rally is a resolution around the Iran conflict that has acted as a major headwind.
Analysts at Citizens support similar sentiments and have also reiterated a Market Outperform rating on the stock with a $900 price target. The bullish stance comes on the heels of Meta confirming it will fund seven new natural gas power plants as part of its expanded partnership with Entergy. The power plants are to supply power to the company’s Hyperion AI data center campus, focused on compute workloads.
On the other hand, reports indicate Meta has paused its work with Mercor after a recent data breach at the AI training startup. The breach is reported to have exposed proprietary training data belonging to some of the world’s prominent AI laboratories.
Meta Platforms, Inc. builds technologies that help people connect, find communities, and grow businesses through social media, AI, and immersive technologies. Its core apps include Facebook, Instagram, Messenger, and WhatsApp, while its hardware division produces Meta Quest VR headsets and Ray-Ban Meta AI smart glasses.
1. Microsoft Corporation (NASDAQ:MSFT)
Stock Upside Potential: 56.89%
Number of Hedge Fund Holders: 312
Coatue Management’s Stake Value: $2,501,271,034
Microsoft Corporation (NASDAQ:MSFT) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 3, Microsoft Corp announced plans to invest $10 billion in Japan between 2026 and 2029.
The investment is part of the tech giant’s push to expand its artificial intelligence infrastructure in the country as it looks to capitalize on the AI boom. Microsoft is to expand its facilities in eastern and western Japan with AI chips and hardware to support advanced workloads and autonomous AI agents.
In addition, Microsoft plans to strengthen its cybersecurity cooperation with the government. As part of the investment, the company is to train 1 million engineers and developers by 2030 as it looks to boost growth through advanced and strategic technologies.
Microsoft is to work with domestic firms, including Softbank and Sakura Internet, to expand AI computing capacity in the country. By enhancing the infrastructure, companies and government agencies will be able to keep sensitive data within the country while leveraging Microsoft Azure services.
Microsoft Corporation is a multinational technology company that develops, licenses, and supports a wide range of software products, services, and hardware. Key offerings include the Windows operating system, Microsoft 365 (Office) productivity suite, Azure cloud computing, LinkedIn, and the Xbox gaming ecosystem. They are heavily invested in artificial intelligence (AI) with tools like Copilot.
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