2026년 2월 18일 · Unknown · financial · 출처 Seeking Alpha
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Coatue Management, the technology-focused investment firm led by founder and portfolio manager Philippe Laffont, made significant adjustments to its equity portfolio between the third and fourth quarters, according to the latest 13F filings [https://www.sec.gov/Archives/edgar/data/1135730/000091957426001239/xslForm13F_X02/infotable.xml]. The hedge fund’s moves reveal a strategic pivot toward streaming and e-commerce giants while trimming exposure to several mega-cap technology names.
The most dramatic shift came in Netflix (NFLX [https://seekingalpha.com/symbol/NFLX]), where Coatue dramatically expanded its position from approximately 618,735 shares in Q3 to over 6.1M shares in Q4, adding roughly 5.5M shares to the streaming leader.
Amazon (AMZN [https://seekingalpha.com/symbol/AMZN]) also saw notable accumulation, with total holdings climbing from approximately 8.7M shares to around 9.9M shares, representing an increase of approximately 1.2M shares.
Conversely, Coatue reduced its exposure to several prominent technology and artificial intelligence plays. Alphabet Inc. Class A shares (GOOGL [https://seekingalpha.com/symbol/GOOGL]) decreased from approximately 7.2M shares to roughly 6.8M shares, a reduction of about 400,000 shares.
Meta Platforms (META [https://seekingalpha.com/symbol/META]) saw its position trimmed from approximately 4M shares to around 3.8M shares. The fund also slightly reduced its stake in NVIDIA (NVDA [https://seekingalpha.com/symbol/NVDA]), the flagship AI chipmaker, cutting holdings from approximately 9.8M shares to roughly 9.2M shares.
Tesla (TSLA [https://seekingalpha.com/symbol/TSLA]) exposure also declined modestly from approximately 1.7M shares to 1.6M.
The quarter also brought new portfolio entries and strategic exits. Coatue initiated positions in Vertiv Holdings (VRT [https://seekingalpha.com/symbol/VRT]), accumulating over 800,000 shares of the data center infrastructure company, and Sprouts Farmers Market (SFM [https://seekingalpha.com/symbol/SFM]) with approximately 601,886 shares.
Meanwhile, the fund cut its stake in Medical Properties Trust (MPT [https://seekingalpha.com/symbol/MPT]) nearly in half, reducing holdings from approximately 9M shares to 4.5M shares.
MORE ON NETFLIX, AMAZON, ETC.
* Amazon: After Nine Consecutive Days Of Declines, History Suggests Backing Up The Truck [https://seekingalpha.com/article/4871080-amazon-after-9-consecutive-days-of-declines-history-suggests-backing-up-the-truck]
* Amazon Just Got Crushed, And The Market Is Dead Wrong [https://seekingalpha.com/article/4870883-amzn-just-got-crushed-and-the-market-is-dead-wrong]
* Netflix Is A Dip Worth Buying With Its Warner Bros. Acquisition [https://seekingalpha.com/article/4870624-netflix-is-dip-worth-buying-with-its-warner-bros-acquisition]
* 3G Capital adds Amazon, exits Broadcom, ups stake in Meta, cuts in Alphabet among Q4 trades [https://seekingalpha.com/news/4552954-3g-capital-adds-amazon-exits-broadcom-ups-stake-in-meta-cuts-in-alphabet-among-q4-trades]
* Eminence Capital cuts stake in Advanced Micro Devices, Amazon, adds to Meta, Salesforce in Q4 [https://seekingalpha.com/news/4552859-eminence-capital-cuts-stake-in-advanced-micro-devices-amazon-adds-to-meta-salesforce-in-q4]