Investor: Philippe Laffont
Number of Assets: 70
Reporting Period: Q1 - 2025
Holdings at Report: $22,683,837,950
Return Since Report: +$9,236,161,086
Return Since Report: +40.72%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Adobe Inc. (ADBE) | Equity | -60.65% | 694,032 | 1.17% | $383.53 | $371.06 | $266,182,093 | $257,526,820 | -$8,655,273 | -3.25% |
| Advanced Micro Devices Inc. (AMD) | Equity | -23.75% | 3,240,171 | 1.47% | $102.74 | $166.10 | $332,895,169 | $538,185,923 | +$205,290,754 | +61.67% |
| Agora Inc. (API) | Equity | 0% | 435,510 | 0.01% | $4.02 | $4.02 | $1,750,750 | $1,748,573 | -$2,177 | -0.12% |
| Applovin Corp. (APP) | Equity | -8.78% | 2,096,154 | 2.45% | $264.97 | $364.18 | $555,417,925 | $763,381,556 | +$207,963,631 | +37.44% |
| Astera Labs Inc. (ALAB) | Equity | +100% | 676,586 | 0.18% | $59.67 | $122.27 | $40,371,887 | $82,722,787 | +$42,350,900 | +104.90% |
| Amazon.com Inc. (AMZN) | Equity | +0.78% | 10,753,808 | 9.02% | $190.26 | $231.86 | $2,046,019,510 | $2,493,377,923 | +$447,358,413 | +21.86% |
| Amc Entertainment Holdings Inc. (AMC) | Equity | +100% | 228,136 | 0.00% | $2.87 | $3.26 | $654,750 | $743,723 | +$88,973 | +13.59% |
| Alibaba Group Holding Limited (BABA) | Equity | +1872.57% | 3,801,703 | 2.22% | $132.23 | $120.13 | $502,699,187 | $456,698,581 | -$46,000,606 | -9.15% |
| Alphabet Inc. (GOOGL) | Equity | -37.90% | 2,010,681 | 1.37% | $154.64 | $193.25 | $310,931,710 | $388,562,093 | +$77,630,383 | +24.97% |
| Beyond Meat Inc. (BYND) | Equity | +100% | 343,393 | 0.00% | $3.05 | $3.68 | $1,047,349 | $1,261,969 | +$214,620 | +20.49% |
| Atlassian Corp. (TEAM) | Equity | -7.51% | 3,270,085 | 3.06% | $212.21 | $203.02 | $693,944,739 | $663,876,306 | -$30,068,433 | -4.33% |
| Broadcom Inc. (AVGO) | Equity | +1.30% | 3,572,240 | 2.64% | $167.43 | $291.20 | $598,100,143 | $1,040,218,427 | +$442,118,284 | +73.92% |
| Cadence Design Systems Inc. (CDNS) | Equity | +21.11% | 970,777 | 1.09% | $254.33 | $334.09 | $246,897,716 | $324,324,946 | +$77,427,230 | +31.36% |
| Chargepoint Holdings Inc. (CHPT) | Equity | +100% | 3,081,752 | 0.01% | $0.61 | $0.61 | $1,864,460 | $1,886,032 | +$21,572 | +1.16% |
| Carvana Co. (CVNA) | Equity | +100% | 535,333 | 0.49% | $209.08 | $330.58 | $111,927,424 | $176,970,383 | +$65,042,959 | +58.11% |
| Constellation Energy Corp. (CEG) | Equity | -7.08% | 6,168,714 | 5.48% | $201.63 | $325.84 | $1,243,797,804 | $2,010,013,770 | +$766,215,966 | +61.60% |
| CoreWeave Inc. (CRWV) | Equity | +100% | 14,402,999 | 2.35% | $37.08 | $115.45 | $534,063,202 | $1,662,826,235 | +$1,128,763,033 | +211.35% |
| Coupang Inc. (CPNG) | Equity | +13.66% | 171,553 | 0.02% | $21.93 | $30.31 | $3,762,157 | $5,198,914 | +$1,436,757 | +38.19% |
| Medical Properties Trust Inc. (MPW) | Equity | +100% | 3,318,885 | 0.09% | $6.03 | $4.33 | $20,012,877 | $14,354,178 | -$5,658,699 | -28.28% |
| Doordash Inc. (DASH) | Equity | -36.26% | 1,652,193 | 1.33% | $182.77 | $249.43 | $301,971,316 | $412,098,239 | +$110,126,923 | +36.47% |
| Reddit Inc. (RDDT) | Equity | -27.32% | 4,745,900 | 2.19% | $104.90 | $149.41 | $497,844,910 | $709,084,919 | +$211,240,009 | +42.43% |
| Ringcentral Inc. (RNG) | Equity | +100% | 411,351 | 0.04% | $24.76 | $27.34 | $10,185,051 | $11,246,336 | +$1,061,285 | +10.42% |
| Meta Platforms Inc. (META) | Equity | +1.93% | 3,757,611 | 9.55% | $576.36 | $715.15 | $2,165,736,676 | $2,687,255,507 | +$521,518,831 | +24.08% |
| Eaton Corp. PLC (ETN) | Equity | +0.37% | 4,466,442 | 5.35% | $271.83 | $391.79 | $1,214,112,928 | $1,749,907,311 | +$535,794,383 | +44.13% |
| Sea Limited (SE) | Equity | +2.70% | 696,609 | 0.40% | $130.49 | $158.25 | $90,900,508 | $110,237,678 | +$19,337,170 | +21.27% |
| Servicetitan Inc. (TTAN) | Equity | 0% | 631,258 | 0.26% | $95.11 | $116.65 | $60,038,948 | $73,633,089 | +$13,594,141 | +22.64% |
| Skyworks Solutions Inc. (SWKS) | Equity | +100% | 1,272,952 | 0.36% | $64.63 | $71.68 | $82,270,888 | $91,245,199 | +$8,974,311 | +10.91% |
| Eli Lilly And Company (LLY) | Equity | -14.14% | 183,721 | 0.67% | $825.91 | $811.09 | $151,737,012 | $149,014,266 | -$2,722,746 | -1.79% |
| Solaredge Technologies Inc. (SEDG) | Equity | 0% | 43,500 | 0.00% | $16.18 | $27.46 | $703,830 | $1,194,510 | +$490,680 | +69.72% |
| Microsoft Corp. (MSFT) | Equity | -7.28% | 3,269,324 | 5.41% | $375.39 | $517.06 | $1,227,271,536 | $1,690,436,667 | +$463,165,131 | +37.74% |
| Mobileye Global Inc. (MBLY) | Equity | +100% | 226,558 | 0.01% | $14.39 | $16.94 | $3,261,302 | $3,837,893 | +$576,591 | +17.68% |
| First Citizens Bancshares Inc. (FCNCA) | Equity | +1.02% | 221,219 | 1.81% | $1,854.12 | $2,099.80 | $410,166,573 | $464,515,656 | +$54,349,083 | +13.25% |
| Futu Holdings Limited (FUTU) | Equity | -71.18% | 37,421 | 0.02% | $102.35 | $164.56 | $3,830,039 | $6,157,813 | +$2,327,774 | +60.78% |
| Monolithic Power Systems Inc. (MPWR) | Equity | +100% | 193,432 | 0.49% | $579.98 | $737.73 | $112,186,692 | $142,700,589 | +$30,513,897 | +27.20% |
| Netflix Inc. (NFLX) | Equity | -11.04% | 618,735 | 2.54% | $932.53 | $1,179.81 | $576,988,950 | $729,986,647 | +$152,997,697 | +26.52% |
| Novavax Inc. (NVAX) | Equity | +100% | 3,836,986 | 0.11% | $6.41 | $7.45 | $24,595,080 | $28,566,361 | +$3,971,281 | +16.15% |
| Novocure Limited (NVCR) | Equity | 0% | 608,672 | 0.05% | $17.82 | $12.13 | $10,846,535 | $7,381,365 | -$3,465,170 | -31.95% |
| GE Vernova Inc. (GEV) | Equity | -2.71% | 3,759,960 | 5.06% | $305.28 | $644.67 | $1,147,840,588 | $2,423,914,613 | +$1,276,074,025 | +111.17% |
| Generac Holdings Inc. (GNRC) | Equity | +100% | 119,628 | 0.07% | $126.65 | $156.96 | $15,150,886 | $18,776,811 | +$3,625,925 | +23.93% |
| Hertz Global Holdings Inc. (HTZ) | Equity | +100% | 106,823 | 0.00% | $3.94 | $6.47 | $420,883 | $691,145 | +$270,262 | +64.21% |
| Tesla Inc. (TSLA) | Equity | -24.49% | 1,639,969 | 1.87% | $259.16 | $315.56 | $425,014,366 | $517,506,978 | +$92,492,612 | +21.76% |
| Trip.Com Group Limited (TCOM) | Equity | +100% | 222,892 | 0.06% | $63.58 | $64.43 | $14,171,473 | $14,360,932 | +$189,459 | +1.34% |
| Uipath Inc. (PATH) | Equity | 0% | 2,436,400 | 0.11% | $10.30 | $12.25 | $25,094,920 | $29,845,900 | +$4,750,980 | +18.93% |
| Intuit Inc. (INTU) | Equity | +20.24% | 658,864 | 1.78% | $613.99 | $790.11 | $404,535,908 | $520,571,741 | +$116,035,833 | +28.68% |
| Spotify Technology S.A. (SPOT) | Equity | +21.58% | 1,541,982 | 3.74% | $550.03 | $693.14 | $848,136,360 | $1,068,809,403 | +$220,673,043 | +26.02% |
| Nu Holdings Ltd. (NU) | Equity | -30.06% | 55,791,997 | 2.52% | $10.24 | $12.78 | $571,310,049 | $712,742,762 | +$141,432,713 | +24.76% |
| Stitch Fix Inc. (SFIX) | Equity | +100% | 790,167 | 0.01% | $3.25 | $5.14 | $2,568,043 | $4,057,508 | +$1,489,465 | +58.00% |
| Intuitive Surgical Inc. (ISRG) | Equity | -28.25% | 698,067 | 1.52% | $495.27 | $494.35 | $345,731,643 | $345,085,931 | -$645,712 | -0.19% |
| JD.com Inc. (JD) | Equity | -85.71% | 87,778 | 0.02% | $41.12 | $33.12 | $3,609,431 | $2,907,207 | -$702,224 | -19.46% |
| KE Holdings Inc. (BEKE) | Equity | -77.90% | 272,205 | 0.02% | $20.09 | $19.47 | $5,468,598 | $5,298,470 | -$170,128 | -3.11% |
| Super Micro Computer Inc. (SMCI) | Equity | 0% | 8,866,735 | 1.34% | $34.24 | $54.07 | $303,597,006 | $479,424,361 | +$175,827,355 | +57.91% |
| Nvidia Corp. (NVDA) | Equity | -14.60% | 8,545,835 | 4.08% | $108.38 | $173.98 | $926,197,598 | $1,486,761,644 | +$560,564,046 | +60.52% |
| Olaplex Holdings Inc. (OLPX) | Equity | +100% | 1,264,968 | 0.01% | $1.27 | $1.53 | $1,606,509 | $1,929,076 | +$322,567 | +20.08% |
| KKR & Co. Inc. (KKR) | Equity | +31.42% | 3,498,217 | 1.78% | $115.61 | $152.44 | $404,428,869 | $533,268,199 | +$128,839,330 | +31.86% |
| Paypal Holdings Inc. (PYPL) | Equity | -34.34% | 5,237,984 | 1.51% | $65.25 | $78.52 | $341,778,456 | $411,286,504 | +$69,508,048 | +20.34% |
| Peloton Interactive Inc. (PTON) | Equity | +100% | 2,500,000 | 0.07% | $6.32 | $6.49 | $15,800,000 | $16,212,500 | +$412,500 | +2.61% |
| Lam Research Corp. (LRCX) | Equity | +102.89% | 8,209,569 | 2.63% | $72.70 | $96.94 | $596,835,667 | $795,835,619 | +$198,999,952 | +33.34% |
| Lexinfintech Holdings Ltd. (LX) | Equity | -72.64% | 340,639 | 0.02% | $10.09 | $6.90 | $3,437,048 | $2,350,409 | -$1,086,639 | -31.62% |
| Lucid Group Inc. (LCID) | Equity | +100% | 2,953,931 | 0.03% | $2.42 | $2.93 | $7,148,513 | $8,643,202 | +$1,494,689 | +20.91% |
| Upstart Holdings Inc. (UPST) | Equity | +149.51% | 870,947 | 0.18% | $46.03 | $83.64 | $40,089,690 | $72,846,007 | +$32,756,317 | +81.71% |
| Philip Morris International Inc. (PM) | Equity | +100% | 1,555,900 | 1.09% | $158.73 | $161.48 | $246,968,007 | $251,246,732 | +$4,278,725 | +1.73% |
| Pinterest Inc. (PINS) | Equity | +100% | 1,678,764 | 0.23% | $31.00 | $37.78 | $52,041,684 | $63,415,310 | +$11,373,626 | +21.85% |
| Plug Power Inc. (PLUG) | Equity | +100% | 4,098,713 | 0.02% | $1.35 | $1.85 | $5,533,263 | $7,586,718 | +$2,053,455 | +37.11% |
| Qifu Technology Inc. (QFIN) | Equity | +74.10% | 79,124 | 0.02% | $44.91 | $34.95 | $3,553,459 | $2,764,988 | -$788,471 | -22.19% |
| Quantumscape Corp. (QS) | Equity | +100% | 4,294,995 | 0.08% | $4.16 | $11.91 | $17,867,179 | $51,131,915 | +$33,264,736 | +186.18% |
| Zillow Group Inc. (ZG) | Equity | +51.57% | 482,271 | 0.14% | $66.86 | $78.06 | $32,244,639 | $37,646,074 | +$5,401,435 | +16.75% |
| Zillow Group Inc. (Z) | Equity | +100% | 739,700 | 0.22% | $68.56 | $80.93 | $50,713,832 | $59,863,921 | +$9,150,089 | +18.04% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -20.10% | 7,960,037 | 5.83% | $166.00 | $246.08 | $1,321,366,142 | $1,958,766,105 | +$637,399,963 | +48.24% |
| Tempus Ai Inc. (TEM) | Equity | +100% | 935,562 | 0.20% | $48.24 | $64.79 | $45,131,511 | $60,615,062 | +$15,483,551 | +34.31% |