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Adviser Profile

As of Date 11/13/2024
Adviser Type - Large advisory firm
Number of Employees 174 8.07%
of those in investment advisory functions 71 5.97%
Registration SEC, Approved, 03/30/2012
AUM* 58,576,877,059 16.07%
of that, discretionary 58,576,877,059 16.07%
Private Fund GAV* 58,982,984,881 -15.57%
Avg Account Size 500,657,069 -7.74%
SMA’s No
Private Funds 135 27
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
73B 63B 52B 42B 31B 21B 10B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count19 GAV$31,386,305,606
Fund TypePrivate Equity Fund Count113 GAV$25,452,266,410
Fund TypeVenture Capital Fund Count3 GAV$2,144,412,865

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Brochure Summary

Overview

ADVISORY BUSINESS Our Firm Coatue Management, L.L.C. (“Coatue Management”) is a Delaware limited liability company, with its principal place of business in New York, New York, that was founded in December 1999 by Philippe P. Laffont. Coatue Management provides investment advisory services primarily on a discretionary basis to its clients, including U.S. and non-U.S. private investment funds intended for sophisticated investors and institutional investors (each a “Fund”, and collectively, the “Funds”). The sole owner of Coatue Management is Coatue Management Partners LP, a Delaware limited partnership, for which Coatue Management Partners GP LLC, a Delaware limited liability company, serves as general partner. Mr. Laffont is the principal owner of both Coatue Management Partners LP and Coatue Management Partners GP LLC. He also serves as the managing member of Coatue Management Partners GP LLC. Mr. Laffont has overall responsibility for the structuring of Clients’ investment portfolios, the generation of investment strategies and the implementation of all portfolio transactions. In certain instances, Mr. Laffont has and expects in the future to authorize one or more senior managing directors to place orders to effectuate his investment strategy for the Funds. As of December 31, 2023, Coatue Management managed approximately $46,329,517,6331 of net assets for its clients on a discretionary basis and did not manage any client assets on a non-discretionary basis. Advisory Services Coatue Management’s clients include Funds that make (i) Public Investments (as defined below), (ii) Private Investments (as defined below), and (iii) both Public Investments and Private Investments. Such clients pursue investment strategies primarily focused on: (a) publicly-traded companies in the public markets (the “Hedge Fund Strategy”), (b) investments in growth, mid- to late-stage and in some instances, early stage, private companies (the “Growth Strategy”), (c) venture-focused early stage private market companies (the “Venture Strategy”), (d) investment opportunities related to structured capital solutions in publicly listed companies and privately-held companies (the “Tactical Solutions Strategy”), and (e) public and private company investments across all stages within specific sectors of focus (the “Sector-Focused Strategy”). Furthermore, certain clients are required to fully fund all capital contributions, while other clients make commitments to contribute capital over time, for which Coatue Management has sole discretion to deploy such capital, including with respect to certain clients’ that will only invest in other Funds 1 Certain investors in the Funds managed pursuant to Coatue’s Growth Strategy (as defined herein) have opted to fund their respective capital calls to the Growth Strategy by providing authorization for such capital contributions to be withdrawn from their investment in hedge funds managed by Coatue Management. For purposes of calculating the assets of the Growth Strategy, the full amount of any such investor’s capital commitment has been included even though a portion of that capital commitment will remain in the applicable hedge fund until it is called by the Growth Strategy. Additionally, for purposes of calculating the assets of the applicable hedge fund, any such amount that has not been called by the Growth Strategy has been included in the applicable hedge fund’s assets. As of December 31, 2023, a total of $26,848,473 of hedge fund capital is committed to the Growth Strategy via the hybrid option and subject to capital calls. managed by Coatue Management. Certain Funds managed pursuant to the Hedge Fund Strategy also make Private Investments. Coatue Management also manages co-investment funds, funds of one, including funds of one that may solely invest through co-investment funds managed by Coatue Management, and certain other investment vehicles or entities. Certain funds of one established for institutional investors that participate in co-investments do so on an “opt-in” basis where the investor determines whether to participate in a particular co-investment opportunity. Where appropriate under the circumstances, Coatue Management also expects to serve as investment adviser to additional accounts, products or private investment funds in the future, including funds of one and other pooled investment vehicles and may serve as an investment adviser to a registered investment company, as well. Coatue Management has also established affiliated entities to serve as general partners of the Funds. Where appropriate under the circumstances, Coatue Management has in the past, and expects in the future, to create parallel investment vehicles (and any related entities, as applicable) in order to facilitate investments with different tax, regulatory or other applicable circumstances, including, but not limited to co-investments. Such other vehicles may have structures and terms that differ from those of the other Funds as set forth in the governing documents of each such vehicle. In addition, in circumstances where a direct private investment by one of the Funds may
result in adverse legal, tax, regulatory or other consequences, Coatue Management has in the past established, or caused to be established, and in the future expects to establish, certain alternative investment vehicles (and any related entities, as applicable) through which the Funds may participate in such investment. The term “Client” used in this Brochure refers to the Funds collectively and any other clients managed by Coatue Management as of the date of this Brochure, including any co-investment vehicles and funds of one that are established for a single investor. Investment Strategy and Types of Investments Coatue Management invests in U.S. and non-U.S. publicly traded equity securities and equity- related securities, such as equity swaps and options (purchased or written), and other securities and financial instruments, including, but not limited to, sovereign debt, corporate debt, bonds, notes or other debentures or debt participations, convertible securities, private investments in public equity (“PIPEs”), futures contracts, commodities and other derivative instruments and partnership interests, on behalf of Clients (“Public Investments”). Coatue Management also invests in U.S. and non-U.S. private investments on behalf of certain Clients (“Private Investments”). In addition to the above types of securities, certain Clients of Coatue Management invest in digital assets. Coatue Management concentrates largely on certain sectors, including the global technology, media, telecommunications, and some healthcare, healthcare technology, life sciences and consumer sectors. Within these sectors, Coatue Management generally focuses on companies related to the mobile internet, fintech, software, digital entertainment and commerce, cloud computing, machine learning, artificial intelligence (including sectors that may directly or indirectly otherwise benefit from artificial intelligence tailwinds), disruptive transportation, semiconductors and related technologies, data centers, data center power providers, logistics and infrastructure (including electric vehicles and related technologies), mobile gaming, user- generated content and aspects of the sharing economy and global internet sectors, among others. Coatue Management has, and in the future expects to, make investments for certain Clients outside of these core sectors, particularly in the context of short positions established in connection with certain Funds managed pursuant to the Hedge Fund Strategy. Coatue Management has in the past and expects in the future to invest across multiple geographies, including, but not limited to, Europe, the Middle East, and Asia (including without limitation, China, India, Korea and Japan). Coatue Management’s investment approach is primarily based on fundamental research; all Clients rely primarily on fundamental research and an overall long-term investment horizon. As noted above, the Hedge Fund Strategy focuses on Public Investments, while certain other Clients, including those Funds managed pursuant to the Growth Strategy and the Venture Strategy, focus on Private Investments. Notwithstanding the foregoing, certain Funds managed pursuant to the Hedge Fund Strategy also invest a portion of their assets in Private Investments. Additionally, the Funds managed pursuant to the Sector-Focused Strategy and the Tactical Solutions Strategy invest in both Public Investments and Private Investments. Coatue Management generally has established risk and portfolio management targets and guidelines for the accounts it manages, however, Coatue Management has broad and flexible investment authority, including the discretion to invest in various financial instruments and securities. Coatue Management has the discretion to deviate from established targets and guidelines when it deems prudent to do so. A more detailed discussion of investment strategies and types of investments made is provided in Item 8, Methods of Analysis, Investment Strategies and Risk of Loss. The descriptions set forth in the Brochure of specific advisory services that Coatue Management offers to Clients, and investments made by Coatue Management on behalf of its Clients, should not be understood to limit in any way Coatue Management’s investment activities. Coatue Management may offer any advisory services, engage in any investment strategy and make any investment including any not described in this Brochure, that Coatue Management considers appropriate, subject to each Client’s investment objectives and guidelines. Ability to Tailor Advisory Services Coatue Management provides investment management services directly to its Clients and not individually to investors in the Clients. Coatue Management has defined investment objectives for its Clients, as set forth in the respective offering memoranda or other applicable governing documents for the Client, and tailors its advisory services to meet these objectives. Coatue Management monitors and manages certain internal portfolio guidelines. These internal guidelines confer no rights on Clients or investors and impose no additional legal obligations upon Coatue Management.