Welcome to Extreme Investor Network, where we provide unique insights and information to help you navigate the world of investing. Today, we’ll be diving into the latest moves made by Philippe Laffont’s Coatue Management in the third quarter, as reported in their 13F filing with the U.S. Securities and Exchange Commission.
Laffont, a seasoned “Tiger Cub” fund manager who honed his skills under the legendary Julian Robertson at Tiger Management, made some interesting moves in his portfolio. He significantly increased his stake in major Chinese e-commerce companies, such as Alibaba, JD.com, and PDD Holdings. This comes amidst a backdrop of volatility in the Chinese stock market, driven by factors like President-elect Donald Trump’s stance towards China and recent stimulus measures implemented by Chinese authorities.
In addition to his bets on Chinese e-commerce, Laffont also added to his holdings in anti-obesity focused drugmakers Eli Lilly and Novo Nordisk. Both companies have shown strong performance this year, with Eli Lilly’s shares up nearly 35% and Novo Nordisk’s ADRs gaining about 2%.
Furthermore, Laffont made adjustments to his tech holdings, increasing positions in Alphabet, Amazon, Broadcom, and Microsoft, while reducing holdings in Meta Platforms and Nvidia. Facebook parent Meta still remains the fund’s largest holding, highlighting Laffont’s confidence in the social media giant.
One interesting addition to Laffont’s portfolio is a increased bet on Eaton Corporation, a company closely tied to the AI-related energy infrastructure boom. This move underscores Laffont’s focus on emerging trends and innovative sectors.
As you can see, Philippe Laffont’s strategic moves in the third quarter reveal a mix of bets on Chinese e-commerce, healthcare, and technology companies. Stay tuned to Extreme Investor Network for more unique insights and analysis on the world of investing. Join us as we uncover hidden gems and opportunities in the market to help you achieve your financial goals.