Publishing its Q3 results on November 10, Oscar Health, Inc. (NYSE:OSCR) posted a loss per share of $1.02, missing estimates by $0.37. to generate high returns in the 20% to 30% range. Copyright 2023 All American Speakers Bureau. After working as an independent consultant for several years, Mr. Laffont joined Tiger Management LLC as a research analyst in 1996. But when you come to a small company, you have to be up and running because we dont have as much time to train people. Mr. Laffont graduated from the Massachusetts Institute of Technology in 1991 with a B.S. And also being able to try different things, you dont want to spend too much time doing something obvious. For example S&P 500 Index returned 43.4% in 1958. After graduating in. KE Holdings Inc. (NYSE:BEKE) is a notable stock pick of billionaire Philippe Laffont, just like Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ:FB), and Netflix, Inc. (NASDAQ:NFLX). Click to continue reading and see 5 Tech Stocks to Buy According to Billionaire Philippe Laffont. And its sort of a culture engineering where a lot of stuff you create on your own you work late at night, this was just not for me. The career advice that I would have for people is you need to do two things when you graduate. For the next two years, he worked as an independent consultant, before joining Julian Robertsons. And of course, that didnt really pan out. With shares pulling back during the quarter, we initiated a small GardenSM position., Coatue Managements Stake Value: $702,579,000, Percentage of Coatue Managements 13F Portfolio: 2.85%. RLX Technology Inc. (NYSE:RLX), on December 3, posted its Q3 results. We use If purchased at sensible prices, these types of businesses in our experience can contribute meaningfully to long-term results., Coatue Managements Stake Value: $749,325,000, Percentage of Coatue Managements 13F Portfolio: 3.04%. But nevertheless, it gave us the passion. From MIT, did you immediately go to Tiger, or what was your path? And hes obviously done so well at Tiger, after Tiger. With a history of investing in numerous technology companies in China, Laffont and Coatue also host the annual East Meets West conference, which seeks to bring together the brightest minds in the technology industry from both the US and China. So the first one is we obviously screen according to the education. We initially share this idea in October 2018 and the stock already returned more than 150%. Laffont increased his position in Marqeta, Inc. (NASDAQ:MQ) by 847% in Q3 2021. But theres a whole big other groups of shorts that are more sort of like strange anomalies that you have to pick. And Philippe youre also a tiger cub, I believe, as well. He is one of the Tiger Cubs who started successful hedge funds, with $45 million in start up capital. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. and M.Sc. What can be great investments over three to five years? People dont expect you to be prepared at JPMorgan on day one. Disclosure: None. Block, Inc. (NYSE:SQ) is a California-based financial services and digital payments company that was previously traded as Square, Inc. (LogOut/ Keep abreast of significant corporate, financial and political developments around the world. You may change or cancel your subscription or trial at any time online. But of course, he says, no one is right all the time. . Call us to speak with a booking agent to discuss your event or specific speaker request. Sorry, no results has been found matching your query. He launched his hedge fund in 1956 with $105,100 in seed capital. The hedge funds top buys for the third quarter included JD.com, Inc. (NASDAQ:JD), Microsoft Corporation (NASDAQ:MSFT), and Confluent, Inc. (NASDAQ:CFLT). The engineering world is very interesting intellectually, but its not where youre going to necessarily find the most sort of not interesting, because the people are very interesting, but animated. SvS: Philippe, you hire a lot of people here. You have to come to that meeting prepared to achieve one thing. Simply log into Settings & Account and select "Cancel" on the right-hand side. A total of 30 hedge funds reported owning stakes worth $600.6 million in Stitch Fix, Inc. (NASDAQ:SFIX) during Q3 2021, as compared to 35 funds in the preceding quarter, holding stakes in the company amounting to $702.7 million. After working as an independent consultant, he joined Tiger Management LLC as a research analyst in 1996, focusing on telecommunications stocks. fnac.com. And its really hard to prove something in life. You can still enjoy your subscription until the end of your current billing period. is what Tao Value has to say about KE Holdings Inc. (NYSE:BEKE) in its Q3 2021 investor letter: Jeff Bezos Stock Portfolio: 5 Companies Bezos Is Investing In, Anton Schutz Mendon Capital Advisors Portfolio: Top 10 Finance Stocks, 5 Healthcare Stocks to Buy According to Tiger Cub Chase Coleman, 10 Tech Stocks to Buy According to Billionaire Philippe Laffont, 5 Stocks in Eashwar Krishnan's Tybourne Capital Management Portfolio. Given this background, I thoroughly reviewed all our Chinese holdings and made a few changes. If you want to skip our detailed analysis of these stocks, go directly to, Philippe Laffont is the founder and portfolio manager of, After graduating from Massachusetts Institute of Technology in 1991, Laffont joined McKinsey & Company in 1992 as an analyst. And enjoyed every minute of it. Here is what Baron Funds has to say about Stitch Fix, Inc. (NASDAQ:SFIX) in its Q3 2021 investor letter: Weakness in Consumer Discretionary was largely due to share price declines in online personal styling service Stitch Fix, Inc. Stitch Fixs shares fell in the aftermath of poorly communicated changes to its stylist employment program., Coatue Managements Stake Value: $81,084,000, Percentage of Coatue Managements 13F Portfolio: 0.32%. Philippe Laffont: The long side is hard, because, again, youre sort of like trying to project what could happen five years out and come back. I was like, This is what I want. Cathie Woods ARK Investment Management is the largest stakeholder of UiPath Inc. (NYSE:PATH), increasing its stake in the company by 102% in the third quarter. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Revenue over the period totaled $260.2 million, down 34% year-over-year, owing to the COVID-19 restrictions in China, which had a negative impact on sales and channel inventory management. Mr. Laffont graduated from the Massachusetts Institute of Technology in 1991 with a B.S. And I interviewed three different divisions at Apple Computer, and I got turned down all three times. . And thats our edge. Organizations around the world are beginning to understand the power of automation, with momentum picking up toward fully automating business processes, a $60 billion market today that could grow to $200 billion or more by 2030. SvS: And you guys are long-short, how do you how do you go about picking short stocks? Keep abreast of significant corporate, financial and political developments around the world. Mr. . Philippe Laffont: The first meeting was very brief. Back then they werent called hedge funds, they were called partnerships. Laffont, a soft-spoken and publicity-shy Frenchman, has built one of the world's best-known technology-focused hedge funds, and has a growing business investing in private companies. Coatue is a privately owned hedge fund sponsor. I arrived in New York and I knew nobody. If you spend your two to three years there, youre going to know what all these areas are, youre going to figure out what youre interested in, what youre good at. Of those, one of the most well known is Coatue Management. He focused on telecommunications stocks while at Tiger until he left to found Coatue in 1999. He focused on telecommunications stocks while at Tiger until he left to found Coatue in 1999. Last spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance. You can enter your email below to get our FREE report. Sinha said that the potential from new markets and growth in existing markets makes Sea Limited (NYSE:SE) look attractive for the next few years.. Through one integrated system, SQ is a hybrid of two businesses: its Seller Business (charging small and medium-sized businesses about 3% for transaction payment processing, plus other services such as instant funds access, and software for everything from customer engagement to payroll), and its Cash App (originally for person-to-person cash transfers and now a growing digital financial services provider for consumers). So Im not sure whether having studied technology and investing in it, if it helped most PhDs would be great investors, and thus, we would all be put out of business. university On November 16, Sea Limited (NYSE:SE) posted its Q3 earnings, announcing a loss per share of $0.84, missing estimates by $0.23. The IT department said they dont need me. You can get rich by returning 20% per year and compounding that for several years. Any hedge fund managing over $100M is required to submit a 13F form to the SEC which lists their current holdings at the end of each fiscal quarter. Philippe Laffont: After McKinsey, and after my sort of one year of bubbling around in Spain, I came back to the US. So I went to work for her families. And also, if youre the hedge fund, you want to make it there when you have the best training possible so that your chance of succeeding is good. One of the largest Block, Inc. (NYSE:SQ) stakeholders as of Q3 2021 is Stephen Mandels Lone Pine Capital, with 5.38 million shares worth $1.29 billion. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. On December 7, Stitch Fix, Inc. (NASDAQ:SFIX) posted its financial results for Q1 2022. And I developed the love of computers. For cost savings, you can change your plan at any time online in the Settings & Account section. 10 Stocks Under $25 to Buy According to Billionaire Philippe Laffont is originally published on Insider Monkey. Standard Digital includes access to a wealth of global news, analysis and expert opinion. If you could give us a little background as to your investment philosophy and strategy, that would be awesome. Premium access for businesses and educational institutions. Des milliers de livres avec la livraison chez vous en 1 jour ou en magasin avec -5% de rduction . is what RiverPark Large Growth Fund has to say about Block, Inc. (NYSE:SQ) in their Q1 2021 investor letter: 10 Dividend Stocks to Buy According to Billionaire Jim Simons Hedge Fund, 10 Best High Dividend Stocks in Canada for 2022, 10 Stocks Under $30 to Buy According to David Einhorns Greenlight Capital, Cathie Wood Portfolio: 5 Green Energy Stock Picks, Jim Cramer's 5 Most Favorite Tech Stocks to Buy Now, 5 Artificial Intelligence Stocks in Cathie Wood's Portfolio. So thats the sort of the thesis anti-thesis, winner loser. In the third quarter earnings report published on November 4, Nikola Corporation (NASDAQ:NKLA) posted a loss per share of $0.22, beating estimates by $0.04. Amazon.com, Inc. (NASDAQ:AMZN) makes up 2.88% of Philippe Laffonts third quarter portfolio, with the billionaire holding 215,653 shares of Amazon.com, Inc. (NASDAQ:AMZN), worth $708.4 million. We initially share this idea in October 2018 and the stock already returned more than 150%. We still like this investment. Tell me more about your company. SvS: And so you ended up going to tiger, which was obviously one of the best hedge funds out there on the street. What compelled Coatue to pull back the curtain? And I was so direct to what I wanted, I gave him no choice but to sort of say, Okay, fine, Ill introduce you to the people who are my tech guys. Slate Path Capital, the leading Stitch Fix, Inc. (NASDAQ:SFIX) stakeholder, boosted its position in the company by 18% in the third quarter, holding 2.98 million shares worth $119.1 million. Warren Buffett took 25% of all returns in excess of 6 percent. And you can choose to carry those skills, whether you want to work at a large corporation, whether you want to create your own small business, whether you want to go to Silicon Valley, create a tech company, it doesnt matter. Change), You are commenting using your Twitter account. Philippe Laffont: I was there for three and a half years. Philippe Laffont was a telecom analyst at Tiger Management from 1996. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. bio for Phillippe Laffont agency, manager, speaker fees, speaking agency entertainment booking agency, speaker's fee, how to book, booking agencies for lectures, speaking event, celebrity appearances for hire, who is agent, manager, publicist, who represents, speakers bureau management who represents Phillippe Laffont. After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. Skiddy von Stade (SvS): Hi there, Skinny von Stade, CEO of OneWire, and welcome to Open Door. The company announced earnings per diluted average share of $0.05. In 2022, the analyst expects the internet group to be in a stronger position than pre-pandemic levels due to increased digitization of the economy, and he prefers e-commerce and subscription based names over online advertising. According to the hedge funds tracked by Insider Monkey in the third quarter, 26 funds were long KE Holdings Inc. (NYSE:BEKE), and Lone Pine Capital was the leading company stakeholder, with a $551.4 million position in the company as of September. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. Few people in the market think about the long term. On December 8, RLX Technology Inc. (NYSE:RLX) announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $500 million of its shares over a period until December 31, 2023. Provo Advantage. As of May. And then, I got a job at a mutual fund, very small mutual fund, where I worked for free. You really know your stuff. KE Holdings Inc. (NYSE:BEKE) is a Chinese company assisting with housing transactions online and on-premises, making the process easier for home buyers. We still like this investment. Please Note: All American Speakers Bureau is a full-service talent booking agency providing information on booking Phillippe Laffont for speaking engagements, personal appearances and corporate events. Me connecter . But what a great training ground.So when can you break into a hedge fund? Get our editors daily picks straight in your inbox! In 2003, the NASDAQ was at 1300. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Philippe Laffont is the founder and portfolio manager of Coatue Management, which is a privately held investment management firm based in New York. cookies Laffonts Coatue Management owns 7.59 million Nikola Corporation (NASDAQ:NKLA) shares, worth over $81 million, representing 0.32% of the firms Q3 investments. Philippe Laffont's investment firm Coatue Management is looking to expand in Europe with an office and staff, bringing a potential burst of funding to the region's tech sector . 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