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Investors / Coatue
Philippe Laffont / Coatue
Pure-TMT bet on the AI supercycle — TSM-anchored chip foundry concentration with hyperscaler models and data-center infrastructure
13F
65 positions · Q1 2026AI holdings · 21 tickers
$21.33B| # | Ticker | Company | Layer | Value | Shares | % of AUM | Entry quarter |
|---|---|---|---|---|---|---|---|
| 1 | TSM | $3.1B | 10.8% | ||||
| 2 |
This page covers Coatue Management LLC's 13F-HR filings only — its US-equity book, currently $29.06B AUM across 198 holdings. The AI universe filter surfaces $14.61B (50.3% AUM) across 16 positions spanning chip (TSM/AVGO/NVDA/ASML/SNPS/QCOM/MU), models (GOOGL/META/MSFT/GOOG), data-center infrastructure (AMZN/EQIX/VRT), medical AI (ISRG), and autonomy (TSLA).
TSM is the anchor — $3.14B / 9.28M shares = 21.5% of the AI book, the deepest single-ticker TSM bet on the site. Laffont's framing: TSM is the only foundry that can manufacture leading-edge AI silicon at scale, making it the universal tax on the AI supercycle regardless of which model or cloud wins.
Coatue runs both public and private AI investment books. The $14.61B public exposure on this page is paired with a curated venture portfolio below — see Private AI Investments for the structured list of confirmed positions (Anthropic, OpenAI, Cursor, Harvey, and more).
13G/13D
0 active stakes · SEC ≥5% filingsNo active major stakes since latest 13F.
Per SEC rules, investors must disclose ≥5% positions within 5-10 days of crossing the threshold; this section reflects filings since the latest 13F.
Private AI Investments
13 private AI bets · source-verified| Company | Layer | Round | Date | Source |
|---|---|---|---|---|
| Anthropiclead Co-led with GIC; $380B post-money valuation | Model | $30.0B Series G | 2026-02-12 | Press release ↗ |
| Cerebras Systems $8B valuation; pre-IPO | Chip | $1.0B Series H | 2026-02-04 | Press release ↗ |
| Cursor |
Holdings Timeline
Include non-AI changes (271)
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
TSM
ADD+596K
TRIM−2M
ADD+108K
ADD+4K
ADD+557K
ADD+654K
GEV
TRIM−79K
TRIM−105K
TRIM−5K
TRIM−121K
DROP
ADD+3M
LRCX
NEW+4M
ADD+4M
ADD+2M
TRIM−553K
DROP
ADD+10M
AMAT
—
—
—
ADD+2M
ADD+3M
TRIM−736K
AVGO
TRIM−797K
ADD+46K
ADD+2M
ADD+120K
TRIM−257K
TRIM−6K
AMZN
TRIM−599K
ADD+84K
TRIM−596K
TRIM−1M
ADD+1M
TRIM−2M
META
TRIM−8K
ADD+71K
TRIM−77K
ADD+355K
TRIM−254K
TRIM−970K
GOOGL
TRIM−445K
TRIM−1M
HOLD
ADD+5M
TRIM−380K
TRIM−3M
NVDA
TRIM−132K
TRIM−1M
ADD+3M
TRIM−2M
TRIM−667K
TRIM−3M
EQIX
—
—
—
—
—
ADD+734K
MSFT
TRIM−327K
TRIM−257K
ADD+663K
ADD+711K
ADD+529K
TRIM−3M
ASML
—
—
—
—
—
ADD+383K
APP
ADD+304K
TRIM−202K
TRIM−280K
ADD+452K
DROP
ADD+1M
ISRG
TRIM−121K
TRIM−275K
ADD+40K
TRIM−27K
ADD+97K
ADD+48K
GOOG
TRIM−260K
—
—
ADD+2M
TRIM−91K
TRIM−885K
SNPS
—
—
—
ADD+2M
TRIM−153K
TRIM−895K
VRT
TRIM−1M
—
—
—
TRIM−6M
ADD+153K
QCOM
HOLD
—
—
—
—
ADD+157K
MU
—
—
—
—
—
TRIM−2M
PATH
HOLD
HOLD
TRIM−167K
HOLD
DROP
ADD+2M
TSLA
TRIM−62K
TRIM−532K
ADD+397K
TRIM−308K
TRIM−88K
TRIM−2M
ORCL
—
—
ADD+2M
ADD+939K
TRIM−356K
DROP
MRVL
—
—
TRIM−469K
ADD+1M
DROP
DROP
SNOW
—
—
—
ADD+2M
ADD+525K
DROP
ARM
—
—
NEW+5M
TRIM−2M
DROP
DROP
ADBE
ADD+79K
TRIM−1M
TRIM−83K
HOLD
ADD+264K
DROP
INFY
—
—
—
—
NEW+5M
DROP
AMD
HOLD
TRIM−1M
TRIM−2M
TRIM−291K
HOLD
DROP
CRWV
—
NEW+14M
ADD+3M
TRIM−11M
DROP
—
CDNS
TRIM−525K
ADD+169K
TRIM−263K
TRIM−236K
DROP
—
MBLY
—
NEW+227K
HOLD
HOLD
DROP
—
TEAM
ADD+3M
TRIM−266K
TRIM−962K
TRIM−231K
DROP
—
BABA
TRIM−3M
ADD+4M
TRIM−3M
ADD+1M
DROP
—
SMCI
ADD+9M
HOLD
DROP
—
—
—
ALAB
—
NEW+677K
DROP
—
—
—
TEM
—
NEW+936K
DROP
—
—
—
DELL
HOLD
DROP
—
—
—
—
DDOG
ADD+210K
DROP
—
—
—
—
HUBS
ADD+306K
DROP
—
—
—
—
NOW
ADD+210K
DROP
—
—
—
—
NEE
DROP
—
—
—
—
—
NEW
ADD
HOLD
TRIM (light → heavy)
Not held
Hover any cell for share + value delta| Period | Action | Ticker | Δ Shares | Δ Value |
|---|---|---|---|---|
| Q1 2026 | ADD | GEV | +2,572,358 | +$2.2B |
| Q1 2026 | ADD | LRCX | +10,043,505 | +$2.1B |
| Q1 2026 | TRIM | MSFT | -2,691,959 | $-1.6B |
| Q1 2026 | TRIM | GOOGL | -2,528,010 | $-901M |
| Q1 2026 | TRIM | META | -969,893 | $-887.6M |
| Q1 2026 | DROP | ORCL | -4,440,008 | $-865.4M |
| Q1 2026 | ADD | EQIX | +733,855 | +$799.2M |
| Q1 2026 | TRIM | TSLA | -1,582,568 | $-716.3M |
| Q1 2026 | TRIM | AMZN | -2,001,499 | $-640.8M |
| Q1 2026 | TRIM | NVDA | -2,871,718 | $-612.2M |
| Q1 2026 | DROP | SNOW | -2,480,963 | $-544.2M |
| Q1 2026 | ADD | ASML | +382,803 | +$539.4M |
| Q1 2026 | ADD | TSM | +654,023 | +$514.9M |
| Q1 2026 | ADD | APP | +1,290,008 | +$513.4M |
| Q1 2026 | TRIM | SNPS | -894,729 | $-476.1M |
| Q1 2026 | TRIM | GOOG | -884,651 | $-307.7M |
| Q1 2026 | DROP | ADBE | -874,150 | $-305.9M |
| Q1 2026 | DROP | AMD | -1,239,043 | $-265.4M |
| Q1 2026 | TRIM | AMAT | -736,130 | +$255.9M |
| Q1 2026 | TRIM | AVGO | -6,375 | $-203.6M |
| Q1 2026 | ADD | VRT | +152,686 | +$111.7M |
| Q1 2026 | DROP | INFY | -4,574,706 | $-81.5M |
| Q1 2026 | TRIM | MU | -1,664,001 | $-81.5M |
| Q1 2026 | ADD | ISRG | +47,991 | $-62.9M |
| Q1 2026 | ADD | PATH | +2,269,557 | +$25.2M |
| Q1 2026 | ADD | QCOM | +156,969 | $-10.3M |
| Q1 2026 | DROP | MRVL | 0 | $0 |
| Q1 2026 | DROP | ARM | 0 | $0 |
| Q4 2025 | DROP | GEV | -3,634,166 | $-2.2B |
| Q4 2025 | DROP | APP | -2,267,855 | $-1.6B |
| Q4 2025 | DROP | LRCX | -9,954,492 | $-1.3B |
| Q4 2025 | DROP | CRWV | -6,724,615 | $-920.3M |
| Q4 2025 | ADD | AMAT | +2,635,284 | +$852.2M |
| Q4 2025 | TRIM | VRT | -5,546,970 | $-590.1M |
| Q4 2025 | TRIM | ORCL | -356,149 | $-483.5M |
| Q4 2025 | TRIM | META | -253,768 | $-467.3M |
| Q4 2025 | TRIM | GOOGL | -379,679 | +$385.9M |
| Q4 2025 | ADD | AMZN | +1,189,170 | +$372.8M |
| Q4 2025 | ADD | TSM | +556,988 | +$367.8M |
| Q4 2025 | DROP | BABA | -1,996,593 | $-356.9M |
| Q4 2025 | DROP | TEAM | -2,077,303 | $-331.7M |
| Q4 2025 | DROP | ARM | -2,259,826 | $-319.7M |
| Q4 2025 | DROP | MRVL | -2,079,046 | $-174.8M |
| Q4 2025 | DROP | CDNS | -472,212 | $-165.9M |
| Q4 2025 | ADD | ISRG | +96,585 | +$139.4M |
| Q4 2025 | TRIM | NVDA | -667,405 | $-125.3M |
| Q4 2025 | TRIM | GOOG | -91,038 | +$118.4M |
| Q4 2025 | TRIM | SNPS | -152,638 | $-114.5M |
| Q4 2025 | ADD | SNOW | +524,515 | +$102.9M |
| Q4 2025 | ADD | MSFT | +528,926 | +$96.4M |
| Q4 2025 | ADD | ADBE | +263,529 | +$90.5M |
| Q4 2025 | NEW | INFY | +4,574,706 | +$81.5M |
| Q4 2025 | TRIM | TSLA | -87,805 | $-30.8M |
| Q4 2025 | DROP | PATH | -2,269,557 | $-30.4M |
| Q4 2025 | TRIM | AVGO | -257,332 | +$4.3M |
| Q4 2025 | DROP | MBLY | -226,558 | $-3.2M |
| Q3 2025 | TRIM | CRWV | -11,072,958 | $-2B |
| Q3 2025 | ADD | GOOGL | +5,210,434 | +$1.4B |
| Q3 2025 | ADD | APP | +452,040 | +$993.9M |
| Q3 2025 | ADD | SNPS | +1,714,069 | +$843.7M |
| Q3 2025 | ADD | ORCL | +938,895 | +$505.6M |
| Q3 2025 | ADD | AMAT | +1,902,246 | +$451.2M |
| Q3 2025 | ADD | MSFT | +710,653 | +$448.9M |
| Q3 2025 | ADD | GOOG | +1,688,276 | +$432.6M |
| Q3 2025 | TRIM | ARM | -2,373,628 | $-429.7M |
| Q3 2025 | ADD | TSM | +4,335 | +$427.2M |
| Q3 2025 | ADD | SNOW | +1,733,368 | +$409.3M |
| Q3 2025 | ADD | AVGO | +120,052 | +$346M |
| Q3 2025 | TRIM | LRCX | -553,000 | +$310.1M |
| Q3 2025 | TRIM | AMZN | -1,414,529 | $-308.8M |
| Q3 2025 | ADD | BABA | +1,128,826 | +$258.4M |
| Q3 2025 | TRIM | GEV | -121,094 | +$247.6M |
| Q3 2025 | ADD | META | +355,090 | +$247.1M |
| Q3 2025 | TRIM | TEAM | -230,583 | $-137M |
| Q3 2025 | ADD | MRVL | +1,476,657 | +$128.2M |
| Q3 2025 | TRIM | TSLA | -307,780 | +$121.9M |
| Q3 2025 | TRIM | ISRG | -26,930 | $-83M |
| Q3 2025 | TRIM | CDNS | -235,725 | $-52.3M |
| Q3 2025 | TRIM | NVDA | -1,617,786 | +$26.6M |
| Q3 2025 | TRIM | AMD | -291,198 | $-16.7M |
| Q2 2025 | ADD | CRWV | +3,394,574 | +$2.4B |
| Q2 2025 | ADD | AVGO | +2,075,267 | +$958.6M |
| Q2 2025 | ADD | NVDA | +2,942,694 | +$888.9M |
| Q2 2025 | TRIM | GEV | -4,700 | +$839.3M |
| Q2 2025 | NEW | ARM | +4,633,454 | +$749.4M |
| Q2 2025 | ADD | MSFT | +663,073 | +$728.7M |
| Q2 2025 | ADD | ORCL | +1,680,729 | +$613.8M |
| Q2 2025 | TRIM | META | -76,984 | +$550.9M |
| Q2 2025 | ADD | TSM | +108,164 | +$506M |
| Q2 2025 | ADD | LRCX | +2,297,923 | +$426M |
| Q2 2025 | TRIM | BABA | -2,933,936 | $-404.3M |
| Q2 2025 | DROP | SMCI | -8,866,735 | $-303.6M |
| Q2 2025 | TRIM | TEAM | -962,199 | $-225.2M |
| Q2 2025 | ADD | TSLA | +397,022 | +$222.1M |
| Q2 2025 | TRIM | AMZN | -596,184 | +$182.5M |
| Q2 2025 | TRIM | AMD | -1,709,930 | $-115.8M |
| Q2 2025 | TRIM | APP | -280,339 | +$80.3M |
| Q2 2025 | ADD | ISRG | +39,512 | +$55.1M |
| Q2 2025 | DROP | TEM | -935,562 | $-45.1M |
| Q2 2025 | DROP | ALAB | -676,586 | $-40.4M |
| Q2 2025 | TRIM | ADBE | -83,411 | $-29.9M |
| Q2 2025 | TRIM | CDNS | -262,840 | $-28.7M |
| Q2 2025 | TRIM | MRVL | -469,326 | +$6.9M |
| Q2 2025 | TRIM | PATH | -166,843 | +$4M |
| Q1 2025 | TRIM | TSM | -2,002,065 | $-646M |
| Q1 2025 | NEW | CRWV | +14,402,999 | +$534.1M |
| Q1 2025 | TRIM | ADBE | -1,069,690 | $-518.1M |
| Q1 2025 | ADD | BABA | +3,608,975 | +$486.4M |
| Q1 2025 | TRIM | TSLA | -531,754 | $-452M |
| Q1 2025 | TRIM | NVDA | -1,460,653 | $-417.6M |
| Q1 2025 | DROP | NOW | -369,342 | $-391.5M |
| Q1 2025 | ADD | LRCX | +4,163,199 | +$304.6M |
| Q1 2025 | TRIM | GOOGL | -1,226,910 | $-301.9M |
| Q1 2025 | ADD | AMZN | +83,599 | $-294.9M |
| Q1 2025 | DROP | HUBS | -373,280 | $-260.1M |
| Q1 2025 | TRIM | MSFT | -256,853 | $-259M |
| Q1 2025 | ADD | AVGO | +45,909 | $-219.4M |
| Q1 2025 | TRIM | APP | -201,784 | $-188.7M |
| Q1 2025 | TRIM | AMD | -1,009,019 | $-180.4M |
| Q1 2025 | TRIM | TEAM | -265,714 | $-166.6M |
| Q1 2025 | TRIM | ISRG | -274,811 | $-162.1M |
| Q1 2025 | TRIM | GEV | -104,581 | $-123.3M |
| Q1 2025 | DROP | DDOG | -669,972 | $-95.7M |
| Q1 2025 | DROP | DELL | -767,896 | $-88.5M |
| Q1 2025 | NEW | TEM | +935,562 | +$45.1M |
| Q1 2025 | NEW | ALAB | +676,586 | +$40.4M |
| Q1 2025 | ADD | META | +71,233 | +$7.3M |
| Q1 2025 | ADD | CDNS | +169,201 | +$6.1M |
| Q1 2025 | NEW | MBLY | +226,558 | +$3.3M |
| Q4 2024 | ADD | TEAM | +3,039,668 | +$781.8M |
| Q4 2024 | ADD | APP | +304,342 | +$483.9M |
| Q4 2024 | ADD | TSM | +596,342 | +$340.9M |
| Q4 2024 | TRIM | TSLA | -62,466 | +$292.5M |
| Q4 2024 | NEW | LRCX | +4,046,370 | +$292.3M |
| Q4 2024 | TRIM | BABA | -2,521,488 | $-271.7M |
| Q4 2024 | ADD | NOW | +210,400 | +$270.4M |
| Q4 2024 | TRIM | GEV | -78,616 | +$265.7M |
| Q4 2024 | ADD | SMCI | +8,842,574 | +$260.2M |
| Q4 2024 | TRIM | AMZN | -598,820 | +$241.2M |
| Q4 2024 | ADD | HUBS | +305,757 | +$215.6M |
| Q4 2024 | TRIM | MSFT | -326,683 | $-171.6M |
| Q4 2024 | TRIM | CDNS | -524,523 | $-118.6M |
| Q4 2024 | TRIM | NVDA | -131,673 | +$112.6M |
| Q4 2024 | DROP | NEE | -1,141,600 | $-96.5M |
| Q4 2024 | ADD | ADBE | +79,486 | $-87.8M |
| Q4 2024 | TRIM | AVGO | -796,695 | +$71.8M |
| Q4 2024 | ADD | DDOG | +210,162 | +$54.9M |
| Q4 2024 | TRIM | META | -7,881 | +$43.7M |
| Q4 2024 | TRIM | VRT | -1,340,206 | $-43.3M |
| Q4 2024 | TRIM | GOOG | -259,998 | $-34.1M |
| Q4 2024 | TRIM | ISRG | -121,298 | $-29.7M |
| Q4 2024 | TRIM | GOOGL | -444,638 | +$2.2M |