Investor: Philippe Laffont
Number of Assets: 70
Reporting Period: Q2 - 2025
Holdings at Report: $35,899,628,174
Return Since Report: +$1,089,146,821
Return Since Report: +3.03%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Agora Inc. (API) | Equity | -78.48% | 93,700 | 0.00% | $3.81 | $3.64 | $356,997 | $341,068 | -$15,929 | -4.46% |
| Alibaba Group Holding Limited (BABA) | Equity | -77.17% | 867,767 | 0.27% | $113.41 | $146.24 | $98,413,455 | $126,902,246 | +$28,488,791 | +28.95% |
| Alphabet Inc. (GOOGL) | Equity | 0% | 2,010,681 | 0.99% | $176.23 | $239.51 | $354,342,313 | $481,578,206 | +$127,235,893 | +35.91% |
| Amazon.com Inc. (AMZN) | Equity | -5.54% | 10,157,624 | 6.21% | $219.39 | $238.22 | $2,228,481,129 | $2,419,749,189 | +$191,268,060 | +8.58% |
| Applovin Corp. (APP) | Equity | -13.37% | 1,815,815 | 1.77% | $350.08 | $554.59 | $635,680,516 | $1,007,032,841 | +$371,352,325 | +58.42% |
| Arm Holdings PLC (ARM) | Equity | +100% | 4,633,454 | 2.09% | $161.74 | $141.05 | $749,414,850 | $653,525,519 | -$95,889,331 | -12.80% |
| Beyond Meat Inc. (BYND) | Equity | 0% | 343,393 | 0.00% | $3.49 | $2.55 | $1,198,442 | $875,652 | -$322,790 | -26.93% |
| Carvana Co. (CVNA) | Equity | +236.25% | 1,800,055 | 1.69% | $336.96 | $372.74 | $606,546,533 | $670,952,501 | +$64,405,968 | +10.62% |
| Chagee Hldgs LTD | Equity | +100% | 6,174,115 | 0.45% | $26.11 | N/A | $161,206,143 | N/A | N/A | N/A |
| Chargepoint Holdings Inc. (CHPT) | Equity | 0% | 3,081,752 | 0.01% | $0.70 | $10.53 | $2,167,396 | $32,450,849 | +$30,283,453 | +1397.23% |
| Constellation Energy Corp. (CEG) | Equity | -3.96% | 5,924,294 | 5.33% | $322.76 | $302.40 | $1,912,125,130 | $1,791,476,884 | -$120,648,246 | -6.31% |
| CoreWeave Inc. (CRWV) | Equity | +23.57% | 17,797,573 | 8.08% | $163.06 | $101.36 | $2,902,072,266 | $1,803,873,011 | -$1,098,199,255 | -37.84% |
| Chime Finl INC | Equity | +100% | 10,821,992 | 1.04% | $34.51 | N/A | $373,466,943 | N/A | N/A | N/A |
| Adobe Inc. (ADBE) | Equity | -12.02% | 610,621 | 0.66% | $386.88 | $353.32 | $236,237,052 | $215,744,612 | -$20,492,440 | -8.67% |
| Advanced Micro Devices Inc. (AMD) | Equity | -52.77% | 1,530,241 | 0.60% | $141.90 | $154.98 | $217,141,198 | $237,156,750 | +$20,015,552 | +9.22% |
| Amc Entertainment Holdings Inc. (AMC) | Equity | 0% | 228,136 | 0.00% | $3.10 | $2.81 | $707,222 | $640,834 | -$66,388 | -9.39% |
| Broadcom Inc. (AVGO) | Equity | +58.09% | 5,647,507 | 4.34% | $275.65 | $336.94 | $1,556,735,304 | $1,902,871,009 | +$346,135,705 | +22.23% |
| Atlassian Corp. (TEAM) | Equity | -29.42% | 2,307,886 | 1.31% | $203.09 | $180.99 | $468,708,569 | $417,704,287 | -$51,004,282 | -10.88% |
| Hinge Health INC | Equity | +100% | 4,702,208 | 0.68% | $51.75 | N/A | $243,339,264 | N/A | N/A | N/A |
| Cadence Design Systems Inc. (CDNS) | Equity | -27.08% | 707,937 | 0.61% | $308.15 | $361.06 | $218,150,786 | $255,607,733 | +$37,456,947 | +17.17% |
| Caris Life Sciences INC | Equity | +100% | 10,142,198 | 0.75% | $26.72 | N/A | $270,999,531 | N/A | N/A | N/A |
| Doordash Inc. (DASH) | Equity | +32.36% | 2,186,808 | 1.50% | $246.51 | $256.95 | $539,070,041 | $561,889,382 | +$22,819,341 | +4.23% |
| Intuit Inc. (INTU) | Equity | +58.77% | 1,046,096 | 2.30% | $787.63 | $671.75 | $823,936,592 | $702,714,988 | -$121,221,604 | -14.71% |
| Eli Lilly And Company (LLY) | Equity | -36.09% | 117,415 | 0.25% | $779.53 | $747.10 | $91,528,515 | $87,720,747 | -$3,807,769 | -4.16% |
| First Citizens Bancshares Inc. (FCNCA) | Equity | -4.62% | 211,007 | 1.15% | $1,956.47 | $1,956.70 | $412,828,866 | $412,877,397 | +$48,531 | +0.01% |
| Generac Holdings Inc. (GNRC) | Equity | +80.93% | 216,442 | 0.09% | $143.21 | $181.43 | $30,996,659 | $39,269,072 | +$8,272,413 | +26.69% |
| Intuitive Surgical Inc. (ISRG) | Equity | +5.66% | 737,579 | 1.12% | $543.41 | $464.93 | $400,807,804 | $342,922,604 | -$57,885,200 | -14.44% |
| KKR & Co. Inc. (KKR) | Equity | +7.34% | 3,755,032 | 1.39% | $133.03 | $137.01 | $499,531,906 | $514,476,934 | +$14,945,028 | +2.99% |
| Lam Research Corp. (LRCX) | Equity | +27.99% | 10,507,492 | 2.85% | $97.34 | $104.87 | $1,022,799,272 | $1,101,920,686 | +$79,121,414 | +7.74% |
| Lucid Group Inc. (LCID) | Equity | 0% | 2,953,931 | 0.02% | $2.11 | $19.22 | $6,232,794 | $56,759,784 | +$50,526,990 | +810.66% |
| Medical Properties Trust Inc. (MPW) | Equity | +172.71% | 9,050,796 | 0.11% | $4.31 | $4.60 | $39,008,931 | $41,588,408 | +$2,579,477 | +6.61% |
| Meta Platforms Inc. (META) | Equity | -2.05% | 3,680,627 | 7.57% | $738.09 | $764.18 | $2,716,633,982 | $2,812,661,541 | +$96,027,559 | +3.53% |
| Microsoft Corp. (MSFT) | Equity | +20.28% | 3,932,397 | 5.45% | $497.41 | $498.50 | $1,956,013,592 | $1,960,299,905 | +$4,286,312 | +0.22% |
| Novavax Inc. (NVAX) | Equity | 0% | 3,836,986 | 0.07% | $6.30 | $7.89 | $24,173,012 | $30,266,146 | +$6,093,134 | +25.21% |
| Plug Power Inc. (PLUG) | Equity | 0% | 4,098,713 | 0.02% | $1.49 | $1.42 | $6,107,082 | $5,820,172 | -$286,910 | -4.70% |
| Ringcentral Inc. (RNG) | Equity | 0% | 411,351 | 0.03% | $28.35 | $27.34 | $11,661,801 | $11,246,336 | -$415,465 | -3.56% |
| Sea Limited (SE) | Equity | -4.35% | 666,305 | 0.30% | $159.94 | $192.14 | $106,568,822 | $128,023,843 | +$21,455,021 | +20.13% |
| Eaton Corp. PLC (ETN) | Equity | +4.96% | 4,687,780 | 4.66% | $356.99 | $346.18 | $1,673,490,582 | $1,622,792,242 | -$50,698,341 | -3.03% |
| Enphase Energy Inc. (ENPH) | Equity | +100% | 843,948 | 0.09% | $39.65 | $37.54 | $33,462,538 | $31,681,808 | -$1,780,730 | -5.32% |
| Stitch Fix Inc. (SFIX) | Equity | 0% | 790,167 | 0.01% | $3.70 | $5.75 | $2,923,618 | $4,539,509 | +$1,615,891 | +55.27% |
| Oracle Corp. (ORCL) | Equity | +100% | 3,857,262 | 2.35% | $218.63 | $240.84 | $843,313,192 | $928,982,980 | +$85,669,788 | +10.16% |
| Peloton Interactive Inc. (PTON) | Equity | 0% | 2,500,000 | 0.05% | $6.94 | $7.89 | $17,350,000 | $19,725,000 | +$2,375,000 | +13.69% |
| Tesla Inc. (TSLA) | Equity | +24.21% | 2,036,991 | 1.80% | $317.66 | $346.43 | $647,070,561 | $705,664,607 | +$58,594,046 | +9.06% |
| Upstart Holdings Inc. (UPST) | Equity | 0% | 870,947 | 0.16% | $64.68 | $68.47 | $56,332,852 | $59,633,741 | +$3,300,889 | +5.86% |
| GE Vernova Inc. (GEV) | Equity | -0.13% | 3,755,260 | 5.54% | $529.15 | $604.46 | $1,987,095,830 | $2,269,904,460 | +$282,808,630 | +14.23% |
| Hertz Global Holdings Inc. (HTZ) | Equity | 0% | 106,823 | 0.00% | $6.83 | $6.47 | $729,601 | $691,145 | -$38,456 | -5.27% |
| Ishares Bitcoin Trust ETF (IBIT) | Equity | +100% | 56,508 | 0.01% | $61.21 | $63.18 | $3,458,855 | $3,570,175 | +$111,320 | +3.22% |
| Lexinfintech Holdings Ltd. (LX) | Equity | +309.24% | 1,394,026 | 0.03% | $7.21 | $6.03 | $10,050,927 | $8,399,007 | -$1,651,920 | -16.44% |
| Marvell Technology Inc. (MRVL) | Equity | +100% | 602,389 | 0.13% | $77.40 | $66.70 | $46,624,909 | $40,179,346 | -$6,445,563 | -13.82% |
| Mobileye Global Inc. (MBLY) | Equity | 0% | 226,558 | 0.01% | $17.98 | $16.94 | $4,073,513 | $3,837,893 | -$235,620 | -5.78% |
| Netflix Inc. (NFLX) | Equity | 0% | 618,735 | 2.31% | $1,339.13 | $1,264.23 | $828,566,601 | $782,223,349 | -$46,343,252 | -5.59% |
| Olaplex Holdings Inc. (OLPX) | Equity | 0% | 1,264,968 | 0.00% | $1.40 | $1.46 | $1,770,955 | $1,846,853 | +$75,898 | +4.29% |
| Philip Morris International Inc. (PM) | Equity | -16.55% | 1,298,405 | 0.66% | $182.13 | $164.61 | $236,478,503 | $213,730,447 | -$22,748,056 | -9.62% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +1.36% | 8,068,201 | 5.09% | $226.49 | $251.74 | $1,827,366,846 | $2,031,105,056 | +$203,738,210 | +11.15% |
| Vistra Corp. (VST) | Equity | +100% | 476,169 | 0.26% | $193.81 | $194.35 | $92,286,314 | $92,543,445 | +$257,131 | +0.28% |
| Webull corp | Equity | +100% | 11,448,149 | 0.38% | $11.96 | N/A | $136,919,862 | N/A | N/A | N/A |
| Yum China Holdings Inc. (YUMC) | Equity | +100% | 231,346 | 0.03% | $44.71 | $44.51 | $10,343,480 | $10,296,054 | -$47,426 | -0.46% |
| Zillow Group Inc. (Z) | Equity | 0% | 739,700 | 0.14% | $70.05 | $87.27 | $51,815,985 | $64,553,619 | +$12,737,634 | +24.58% |
| Reddit Inc. (RDDT) | Equity | +30.83% | 6,208,994 | 2.60% | $150.57 | $236.83 | $934,888,228 | $1,470,457,422 | +$535,569,194 | +57.29% |
| Skyworks Solutions Inc. (SWKS) | Equity | 0% | 1,272,952 | 0.26% | $74.52 | $74.68 | $94,860,383 | $95,064,055 | +$203,672 | +0.21% |
| Spotify Technology S.A. (SPOT) | Equity | +3.19% | 1,591,167 | 3.40% | $767.34 | $718.59 | $1,220,966,085 | $1,143,396,695 | -$77,569,390 | -6.35% |
| Nu Holdings Ltd. (NU) | Equity | -13.17% | 48,442,699 | 1.85% | $13.72 | $15.35 | $664,633,830 | $743,692,315 | +$79,058,485 | +11.90% |
| The Trade Desk Inc. (TTD) | Equity | +100% | 998,989 | 0.20% | $71.99 | $54.66 | $71,917,218 | $54,604,739 | -$17,312,479 | -24.07% |
| Uipath Inc. (PATH) | Equity | -6.85% | 2,269,557 | 0.08% | $12.80 | $11.81 | $29,050,330 | $26,803,468 | -$2,246,862 | -7.73% |
| Zillow Group Inc. (ZG) | Equity | -31.95% | 328,189 | 0.06% | $68.49 | $83.84 | $22,477,665 | $27,515,366 | +$5,037,701 | +22.41% |
| Nvidia Corp. (NVDA) | Equity | +34.43% | 11,488,529 | 5.06% | $157.99 | $169.36 | $1,815,072,696 | $1,945,639,829 | +$130,567,133 | +7.19% |
| Paypal Holdings Inc. (PYPL) | Equity | +33.08% | 6,970,822 | 1.44% | $74.32 | $67.55 | $518,071,491 | $470,844,172 | -$47,227,319 | -9.12% |
| Pinterest Inc. (PINS) | Equity | 0% | 1,678,764 | 0.17% | $35.86 | $36.61 | $60,200,477 | $61,451,156 | +$1,250,679 | +2.08% |
| Quantumscape Corp. (QS) | Equity | 0% | 4,294,995 | 0.08% | $6.72 | $8.57 | $28,862,366 | $36,820,992 | +$7,958,626 | +27.57% |