Philippe Laffont's AI Stock Portfolio
Founder of Coatue Management, a technology-focused crossover fund and one of the most-watched AI bulls on Wall Street. This page filters Coatue Management's Q2 2026 13F filing through the Supercycle universe: 35 of its reported positions are AI buildout companies, together 94.6% of the portfolio by value.
From the 13F-HR filed for the quarter ended . 13F filings cover long US-listed positions only and lag the quarter by up to 45 days; positions may have changed since. Not investment advice.
AI holdings, scored
| # | Holding | Value | % of portfolio | AI score | Layer | Q/Q |
|---|---|---|---|---|---|---|
| 1 | TSMTaiwan Semiconductor | $4.26B | 8.8% | 78 | Chip Equipment & Foundries | Trimmed -4% |
| 2 | LRCXLam Research | $4.09B | 8.4% | 50 | Chip Equipment & Foundries | Trimmed -6% |
| 3 | MUMicron Technology | $3.63B | 7.5% | 78 | Memory & Storage | Added +1794% |
| 4 | SPCXSpaceX | $3.17B | 6.5% | 35 | Defense & Aerospace AI | New |
| 5 | AMATApplied Materials | $3.05B | 6.3% | 78 | Chip Equipment & Foundries | Trimmed -20% |
| 6 | GEVGE Vernova | $3.01B | 6.2% | 55 | Power & Energy | Trimmed -1% |
| 7 | AMZNAmazon | $2.82B | 5.8% | 58 | Cloud & Hyperscalers | Added +49% |
| 8 | AVGOBroadcom | $2.21B | 4.5% | 78 | Semiconductors | Added +6% |
| 9 | ETNEaton | $2.12B | 4.4% | 50 | Utilities & Grid | Added +5% |
| 10 | GOOGLAlphabet | $1.74B | 3.6% | 70 | Cloud & Hyperscalers | Added +335% |
| 11 | INTCIntel | $1.69B | 3.5% | 30 | Semiconductors | New |
| 12 | CBRSCerebras Systems | $1.55B | 3.2% | 100 | Semiconductors | New |
| 13 | METAMeta Platforms | $1.42B | 2.9% | 60 | Foundation Models | Trimmed -10% |
| 14 | EQIXEquinix | $1.33B | 2.7% | 55 | Data Centers & Hardware | Added +17% |
| 15 | NVDANVIDIA | $1.21B | 2.5% | 97 | Semiconductors | Trimmed -4% |
| 16 | CEGConstellation Energy | $1.15B | 2.4% | 68 | Power & Energy | Unchanged |
| 17 | FPSForgent Power Solutions | $1.15B | 2.4% | 50 | Utilities & Grid | New |
| 18 | HUTHut 8 | $1.12B | 2.3% | 72 | Data Centers & Hardware | New |
| 19 | MSFTMicrosoft | $1.10B | 2.3% | 75 | Cloud & Hyperscalers | Added +18% |
| 20 | NTRANatera | $680.01M | 1.4% | 15 | AI Healthcare | Trimmed -1% |
| 21 | APPAppLovin | $603.43M | 1.2% | 85 | AI Applications | Trimmed -9% |
| 22 | ASMLASML Holding | $587.69M | 1.2% | 70 | Chip Equipment & Foundries | Trimmed -40% |
| 23 | RDDTReddit | $484.27M | 1.0% | 32 | AI Software & Platforms | Unchanged |
| 24 | GOOGLAlphabet | $320.96M | 0.7% | 70 | Cloud & Hyperscalers | Trimmed -19% |
| 25 | ISRGIntuitive Surgical | $315.64M | 0.6% | 70 | Robotics & Automation | Trimmed -7% |
| 26 | VRTVertiv Holdings | $270.06M | 0.6% | 85 | Data Centers & Hardware | Trimmed -18% |
| 27 | QCOMQualcomm | $256.36M | 0.5% | 45 | Semiconductors | Unchanged |
| 28 | MTZMasTec | $215.21M | 0.4% | 38 | Utilities & Grid | Trimmed -11% |
| 29 | CAICaris Life Sciences | $174.99M | 0.4% | 78 | AI Healthcare | Unchanged |
| 30 | SNPSSynopsys | $141.61M | 0.3% | 60 | Semiconductors | Trimmed -58% |
| 31 | AMDAdvanced Micro Devices | $55.76M | 0.1% | 75 | Semiconductors | New |
| 32 | AGXArgan | $28.83M | 0.1% | 60 | Power & Energy | New |
| 33 | TSLATesla | $25.22M | 0.1% | 60 | Autonomous Vehicles | Added +2% |
| 34 | TTDThe Trade Desk | $25.08M | 0.1% | 25 | AI Applications | Unchanged |
| 35 | PATHUiPath | $21.32M | 0.0% | 60 | AI Software & Platforms | Trimmed -14% |
Where the AI money sits in the buildout
What changed: Q1 2026 to Q2 2026
- Trimmed TSM (-4% shares)
- Trimmed LRCX (-6% shares)
- Added MU (+1794% shares)
- New SPCX
- Trimmed AMAT (-20% shares)
- Trimmed GEV (-1% shares)
- Added AMZN (+49% shares)
- Added AVGO (+6% shares)
- Added ETN (+5% shares)
- Added GOOGL (+335% shares)
- New INTC
- New CBRS
- Trimmed META (-10% shares)
- Added EQIX (+17% shares)
- Trimmed NVDA (-4% shares)
- New FPS
- New HUT
- Added MSFT (+18% shares)
- Trimmed NTRA (-1% shares)
- Trimmed APP (-9% shares)
- Trimmed ASML (-40% shares)
- Trimmed GOOGL (-19% shares)
- Trimmed ISRG (-7% shares)
- Trimmed VRT (-18% shares)
- Trimmed MTZ (-11% shares)
- Trimmed SNPS (-58% shares)
- New AMD
- New AGX
- Added TSLA (+2% shares)
- Trimmed PATH (-14% shares)
Frequently asked questions
What is Philippe Laffont's biggest AI stock?
In the Q2 2026 13F, Coatue Management's largest tracked AI position is Taiwan Semiconductor (TSM) at $4.26B, 8.8% of the reported portfolio. TSM carries an AI Exposure Score of 78.
How much of Philippe Laffont's portfolio is in AI stocks?
94.6% of Coatue Management's Q2 2026 13F value ($46.00B of $48.63B) is in companies in the Supercycle AI universe, with a value-weighted AI Exposure Score of 63 (Strategic tier).
What did Philippe Laffont change last quarter?
Between Q1 2026 and Q2 2026: trimmed TSM, trimmed LRCX, added MU, new SPCX, trimmed AMAT, trimmed GEV, added AMZN, added AVGO, added ETN, added GOOGL, new INTC, new CBRS, trimmed META, added EQIX, trimmed NVDA, new FPS, new HUT, added MSFT, trimmed NTRA, trimmed APP, trimmed ASML, trimmed GOOGL, trimmed ISRG, trimmed VRT, trimmed MTZ, trimmed SNPS, new AMD, new AGX, added TSLA, trimmed PATH.