29 Apr

Coatue Management’s Sold Positions in 4Q14

WRITTEN BY Patricia Garner

Coatue Management’s fourth quarter positions

Coatue Management is a privately owned hedge fund sponsor. It invests in public equity markets globally. The fund focuses on technology, media, telecommunications, and other sectors. Coatue Management employs long and short-term strategies to make its investments. The fund was founded in 1999. It’s based in New York City.

Coatue Management’s Sold Positions in 4Q14

At the end of 4Q14, Coatue Management’s US long portfolio was worth $10.5 billion—up from $9.7 billion in 3Q14. In this series, we’ll review some of the top positions the fund sold during the fourth quarter.

Coatue Management’s sold positions in 4Q14

Coatue Management’s fourth quarter 13F filing reveals that the fund’s top exits were eBay (EBAY), Level 3 Communications (LVLT), SolarCity (SCTY), Vipshop Holdings (VIPS), and Equinix (EQIX).

Coatue Management’s Sold Positions in 4Q14

Coatue Management’s top holdings

The above chart lists the fund’s top ten holdings for 4Q14. The hedge fund’s top holdings include Apple (AAPL) at 9.3%, Avago Technologies (AVGO) at 8.13%, LinkedIn (LNKD) at 7.43%, and Baidu (BIDU) at 6.37%.

Investors can consider ETFs like the PowerShares QQQ (QQQ) for portfolio exposure to Baidu. Baidu accounts for 1.21% of QQQ’s portfolio.

In the next part of this series, we’ll look at Coatue Management’s exited position in eBay.

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