Coatue Management 13F: Q2 2026 Portfolio — $48.63B Across 66 Positions

Coatue Management · Philippe Laffont · Q2 2026

Coatue rotated within tech from large trims toward memory and select AI/compute exposure

Reported value

$48.6B

Filed 2026-08-14

Positions

Quarter ended 2026-06-30

Top 10 weight

61.9%

New9Added9Trimmed21Exited5View the SEC filing

Form 13F reports long US-listed positions only, up to 45 days after quarter end. It excludes shorts, cash, and non-US holdings, so the live book can differ.

Coatue Management reported a $48.63B US-listed portfolio in its Q2 2026 Form 13F, filed with the SEC on 2026-08-14 for the quarter ended 2026-06-30. The book holds 66 positions, led by Taiwan Semiconductor Manufac at 8.8% of reported value; the top three together account for 25%. Against the Q1 2026 filing, the manager opened 9 new positions, added to 9, trimmed 21, and exited 5.

Top 12 holdings

Portfolio allocation

Taiwan Semiconductor ManufacTSM8.8%
Lam ResearchLRCX8.4%
Micron TechnologyMU7.5%
Space Exploration TechnSPCX6.5%
Applied MatlsAMAT6.3%
Ge VernovaGEV6.2%
AmazonAMZN5.8%
BroadcomAVGO4.5%
EatonETN4.3%
AlphabetGOOGL3.6%
Other holdings38.1%

Share of reported 13F value

#	Holding	Action	Weight	Value	Shares vs prior quarter
1	Taiwan Semiconductor ManufacTSM	Trimmed	8.8%	$4.26B	-4.0%
2	Lam ResearchLRCX	Trimmed	8.4%	$4.09B	-6.0%
3	Micron TechnologyMU	Added	7.5%	$3.63B	+1793.7%
4	Space Exploration TechnSPCX	New	6.5%	$3.17B	New
5	Applied MatlsAMAT	Trimmed	6.3%	$3.05B	-19.7%
6	Ge VernovaGEV	Trimmed	6.2%	$3.01B	-0.6%
7	AmazonAMZN	Added	5.8%	$2.82B	+49.2%
8	BroadcomAVGO	Added	4.5%	$2.21B	+6.2%
9	EatonETN	Added	4.3%	$2.12B	+4.6%
10	AlphabetGOOGL	Added	3.6%	$1.74B	+12.6%
11	IntelINTC	New	3.5%	$1.69B	New
12	Cerebras SystemsCBRS	New	3.2%	$1.55B	New
	Other holdings		31.5%	$15.3B

Values and share counts as reported for 2026-06-30; weights are share of reported 13F value.

Actions compare share counts against the prior quarter's filing, so they do not move with price.

New positions and exits

New positions

Closed out

Read on the quarter

What the moves add up to

The quarter’s most consequential theme is a tech rotation that leans into semiconductors and compute-related themes while trimming parts of the earlier semiconductor and hardware exposure. The biggest top-10 reallocations include trims in Taiwan Semiconductor Manufac (8.76% of the portfolio) and Lam Research (8.41%), alongside a deeper trim in Applied Matls (6.26%), which all pulls weight away from those names. Offsetting that, new and add activity concentrates in memory and adjacent compute: Micron Technology was added to the top ranks (7.46% of the portfolio), while additional adds in Amazon (5.8%) and Broadcom (4.54%) broaden the exposure to infrastructure and accelerators.

The portfolio also shows a more explicit expansion of AI/compute breadth through several new positions in the related stack, including Space Exploration Techn (6.52%), Intel (3.47%), and Cerebras Systems (3.19%). Within that same top-10 context, additional adds in Eaton (4.35%) and Alphabet (3.57%) further diversify away from the specific chip equipment and foundry trims. At the portfolio level, top-10 concentration remains high at 61.9% while activity is balanced—9 new positions and 21 trims versus 27 holds—suggesting the quarter was less about reducing exposure overall and more about reshaping it within the tech-heavy core.

Context

How to read this filing

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.

Positions may have changed since the reporting date. Weight changes also reflect price moves, not only buying or selling — the action tags on this page are derived from share counts, which do not move with price.