Laffont's Coatue Management adds stakes in TSM, UNH and exits AVGO, BNTX
gorodenkoff

Coatue Management, the investment firm run by Phillipe Laffont, added new stakes in Taiwan Semiconductor (NYSE:TSM) (5.90M shares), UnitedHealth (NYSE:UNH) (507K shares), and First Citizens Bancshares (NASDAQ:FCNCA) (~306M shares) during Q1 2023, according to the firm's latest 13F filing.
The firm divested stakes in Broadcom (NASDAQ:AVGO), Bath & Body Works (NYSE:BBWI), and BioNtech (NASDAQ:BNTX).

It increased its holdings in Meta Platforms (META) to 8.06M shares from 3.77M, in Nvidia (NVDA) to 4.98M shares from 4.64M, and in Netflix (NFLX) to ~2.73M shares from ~1.34M, as well as in Microsoft (MSFT), Tesla (TSLA), and Alphabet (GOOGL).
Meanwhile, it reduced stakes in Alibaba (BABA) to ~1.52M shares from 5.00M, JD.com, (JD) to 668K shares from 4.04M, Enphase Energy (ENPH) to 714K shares from ~1.14M, and PayPal Holdings (PYPL) to 27K shares from ~1.18M, the firm said in its 13F filing.
Earlier this month, the SEC tweaked reporting rules for hedge fund advisers to strengthen oversight.