Philippe Laffont's Strategic Moves in Q3 2024: A Deep Dive into Dell Technologies' Major Reduction

GuruFocus.com08:37

Insights from Coatue Management's Latest 13F Filing Philippe Laffont (Trades, Portfolio), the founder of Coatue Management, has once again made significant adjustments to his investment portfolio in ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483365528?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/8zsTr5XwYp8HDTtJJjp4PQ--~B/aD05MDI7dz0xMjQyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/8cd202b71723aabc8a35ab291220e6b5","is_english":true,"pubTime":"2024-11-15 08:37","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483365528","market":"us","top_or_hot":-1,"title":"Philippe Laffont's Strategic Moves in Q3 2024: A Deep Dive into Dell Technologies' Major Reduction","media":"GuruFocus.com","content":"<div>\n<p>Insights from Coatue Management's Latest 13F Filing\nPhilippe Laffont (Trades, Portfolio), the founder of Coatue Management, has once again made significant adjustments to his investment portfolio in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/philippe-laffonts-strategic-moves-q3-003754370.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Philippe Laffont's Strategic Moves in Q3 2024: A Deep Dive into Dell Technologies' Major Reduction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhilippe Laffont's Strategic Moves in Q3 2024: A Deep Dive into Dell Technologies' Major Reduction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 08:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/philippe-laffonts-strategic-moves-q3-003754370.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Insights from Coatue Management's Latest 13F Filing\nPhilippe Laffont (Trades, Portfolio), the founder of Coatue Management, has once again made significant adjustments to his investment portfolio in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/philippe-laffonts-strategic-moves-q3-003754370.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0008368742.USD","symbol_name":"首域中国增长基金I Acc","start_time":0,"source_url":"https://finance.yahoo.com/news/philippe-laffonts-strategic-moves-q3-003754370.html","article_id":"2483365528","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/8zsTr5XwYp8HDTtJJjp4PQ--~B/aD05MDI7dz0xMjQyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/8cd202b71723aabc8a35ab291220e6b5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483365528","pubTimestamp":1731631074,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Philippe Laffont , the founder of Coatue Management, has once again made significant adjustments to his investment portfolio in the third quarter of 2024. As a former protege of Julian Robertson at Tiger Management , Laffont established Coatue in 1999, focusing primarily on technology-driven investments. The firm, known for its rigorous fundamental analysis and a mix of long and short strategies, continues to influence the tech sector heavily, with major moves including a substantial reduction in Dell Technologies Inc.GuruFocus has detected 4 Warning Sign with META.Cadence Design Systems Inc , purchasing 1,326,099 shares valued at approximately $359.41 million, making up 1.34% of the portfolio.KKR & Co Inc , with 2,719,255 shares worth around $355.08 million, accounting for 1.32% of the portfolio.DoorDash Inc , acquiring 1,958,333 shares, which represent 1.04% of the portfolio, with a total investment of $279.51 million.Laffont also significantly increased his stakes in several compani","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0008368742.USD":"首域中国增长基金I Acc","CEG":"Constellation Energy Corp","LU0728928796.USD":"abrdn SICAV I - GLOBAL SMALL&MID-CAP SDG HORIZONS EQUITY \"A\" (USD) ACC","03145":"华夏亚洲高息股","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","QID":"纳指两倍做空ETF","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","TSM":"台积电","CDNS":"铿腾电子","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","META":"Meta Platforms, Inc.","CRM":"赛富时","JD":"京东","SQQQ":"纳指三倍做空ETF","DELL":"戴尔","LU0784385840.USD":"Blackrock Global Multi-Asset Income A2 USD","LU1228905540.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) INC 2","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","QLD":"纳指两倍做多ETF","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","TQQQ":"纳指三倍做多ETF","APH":"安诺电子","AMZN":"亚马逊","PSQ":"纳指反向ETF","09618":"京东集团-SW","DVMT":"Dell Technologies Inc. Class V","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","QCOM":"高通","MSFT":"微软","BK4148":"电子元件","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元",".IXIC":"NASDAQ Composite","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","KKR":"KKR & Co L.P.","LU0080751232.USD":"富达环球多元动力基金A"},"translate_title":"Philippe Laffont 2024年第三季度的战略举措：深入探讨戴尔科技的重大裁员","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSM":1,"META":1,"MSFT":1,"KKR":1,"JD":1,"DVMT":1,"DELL":1,"CRM":1,"CDNS":1,"CEG":1,"APH":1,"AMZN":1,"QCOM":0.9,".IXIC":0.9,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"03145":0.6,"09618":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Insights from Coatue Management's Latest 13F Filing\nPhilippe Laffont (Trades, Portfolio), the founder of Coatue Management, has once again made significant adjustments to his investment portfolio in the third quarter of 2024. As a former protege of Julian Robertson at Tiger Management (Trades, Portfolio), Laffont established Coatue in 1999, focusing primarily on technology-driven investments. The firm, known for its rigorous fundamental analysis and a mix of long and short strategies, continues to influence the tech sector heavily, with major moves including a substantial reduction in Dell Technologies Inc.\n\nWarning! GuruFocus has detected 4 Warning Sign with META.\n\n\nSummary of New Buys\nDuring the third quarter, Philippe Laffont (Trades, Portfolio) initiated positions in 14 new stocks. Noteworthy additions include:\n\nCadence Design Systems Inc (NASDAQ:CDNS), purchasing 1,326,099 shares valued at approximately $359.41 million, making up 1.34% of the portfolio.\nKKR & Co Inc (NYSE:KKR), with 2,719,255 shares worth around $355.08 million, accounting for 1.32% of the portfolio.\nDoorDash Inc (NASDAQ:DASH), acquiring 1,958,333 shares, which represent 1.04% of the portfolio, with a total investment of $279.51 million.\n\nKey Position Increases\nLaffont also significantly increased his stakes in several companies, including:\n\nConstellation Energy Corp (NASDAQ:CEG), adding 2,818,223 shares to bring his total to 7,726,108 shares. This increase represents a 57.42% rise in share count and a 2.72% impact on the portfolio, totaling $2.01 billion.\nJD.com Inc (NASDAQ:JD), with an additional 8,223,493 shares, bringing the total to 8,248,048 shares. This adjustment marks a staggering 33,490.1% increase in share count, valued at $329.92 million.\n\nSummary of Sold Out Positions\nIn Q3 2024, Laffont exited several positions entirely, including:\n\nSalesforce Inc (NYSE:CRM), selling all 1,907,872 shares, impacting the portfolio by -1.91%.\nAmphenol Corp (NYSE:APH), liquidating all 6,211,919 shares, which had a -1.63% impact on the portfolio.\n\nKey Position Reductions\nSignificant reductions were made in several holdings, notably:\n\nDell Technologies Inc (NYSE:DELL), where Laffont cut his position by 6,543,956 shares, a -89.5% decrease, impacting the portfolio by -3.52%. Dell's stock traded at an average price of $116.48 during the quarter, with a 31.10% return over the past three months and 78.52% year-to-date.\nQualcomm Inc (NASDAQ:QCOM), reducing his stake by 4,012,797 shares, a -76.53% cut, affecting the portfolio by -3.11%. Qualcomm traded at an average price of $176.57 during the quarter, with a -1.49% return over the past three months and 14.90% year-to-date.\n\nPortfolio Overview\nAs of the third quarter of 2024, Philippe Laffont (Trades, Portfolio)'s portfolio comprised 81 stocks. The top holdings included 7.86% in Meta Platforms Inc (NASDAQ:META), 7.8% in Amazon.com Inc (NASDAQ:AMZN), 7.46% in Constellation Energy Corp (NASDAQ:CEG), 6.16% in Microsoft Corp (NASDAQ:MSFT), and 6.04% in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM). The investments are primarily concentrated across nine industries, with a significant focus on Technology and Consumer Cyclical sectors.\n\n\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483365528"}