Key Points
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Institutional investors, including billionaire Philippe Laffont of Coatue Management, are required to file Form 13F with the SEC, detailing stock and ETF transactions for the prior quarter.
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Laffont significantly reduced Coatue’s stake in Advanced Micro Devices (AMD), selling 1,709,930 shares during Q2 2023, leaving 1,530,241 shares as of June 30, 2025.
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Coatue purchased 56,508 shares of the iShares Bitcoin Trust ETF, worth approximately $3.5 million, as a hedge against inflation amidst increased institutional interest in Bitcoin.
On August 14, 2023, a key 13F filing revealed that Laffont’s Coatue Management opened 13 new positions and adjusted 19 existing holdings during the June-ended quarter. Notably, Laffont has been divesting from AMD since mid-2023, citing profit-taking as shares traded between $100 and $200, substantially above his initial buying price.
Conversely, Coatue’s notable investment in the iShares Bitcoin Trust ETF positions the firm to benefit from Bitcoin’s substantial historical gain of nearly 165,000,000% over 15 years. This investment is likely a strategy to hedge against inflation. However, concerns regarding Bitcoin’s real-world utility and market volatility persist.
