Investor: Philippe Laffont
Number of Assets: 70
Reporting Period: Q1 - 2025
Holdings at Report: $225,239,769,440
Return Since Report: -$188,194,492,079
Return Since Report: -83.55%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Adobe Inc. (ADBE) | Equity | -60.65% | 694,032 | 0.12% | $383.53 | $195.16 | $266,182,093 | $135,447,285 | -$130,734,808 | -49.11% |
| Advanced Micro Devices Inc. (AMD) | Equity | -23.75% | 3,240,171 | 0.15% | $102.74 | $537.37 | $332,895,169 | $1,741,170,690 | +$1,408,275,521 | +423.04% |
| Agora Inc. (API) | Equity | 0% | 435,510 | 0.00% | $4.02 | $4.15 | $1,750,750 | $1,807,367 | +$56,617 | +3.23% |
| Eli Lilly And Company (LLY) | Equity | -14.14% | 183,721 | 0.07% | $825.91 | $1,098.57 | $151,737,012 | $201,830,379 | +$50,093,367 | +33.01% |
| Lexinfintech Holdings Ltd. (LX) | Equity | -72.64% | 340,639 | 0.00% | $10.09 | $2.00 | $3,437,048 | $681,278 | -$2,755,770 | -80.18% |
| Lucid Group Inc. (LCID) | Equity | +100% | 2,953,931 | 0.00% | $2.42 | $5.36 | $7,148,513 | $15,833,070 | +$8,684,557 | +121.49% |
| Alibaba Group Holding Limited (BABA) | Equity | +1872.57% | 3,801,703 | 0.22% | $132.23 | $107.10 | $502,699,187 | $407,162,391 | -$95,536,796 | -19.00% |
| Alphabet Inc. (GOOGL) | Equity | -37.90% | 2,010,681 | 0.14% | $154.64 | $368.03 | $310,931,710 | $739,990,928 | +$429,059,218 | +137.99% |
| Constellation Energy Corp. (CEG) | Equity | -7.08% | 6,168,714 | 0.55% | $201.63 | $274.06 | $1,243,797,804 | $1,690,597,759 | +$446,799,955 | +35.92% |
| Medical Properties Trust Inc. (MPW) | Equity | +100% | 3,318,885 | 0.01% | $6.03 | $4.63 | $20,012,877 | $15,366,438 | -$4,646,439 | -23.22% |
| First Citizens Bancshares Inc. (FCNCA) | Equity | +1.02% | 221,219 | 0.18% | $1,854.12 | $2,071.62 | $410,166,573 | $458,281,705 | +$48,115,132 | +11.73% |
| Amazon.com Inc. (AMZN) | Equity | +0.78% | 10,753,808 | 90.84% | $19,026.00 | $244.39 | $204,601,951,000 | $2,628,123,137 | -$201,973,827,863 | -98.72% |
| Amc Entertainment Holdings Inc. (AMC) | Equity | +100% | 228,136 | 0.00% | $2.87 | $2.83 | $654,750 | $645,625 | -$9,125 | -1.39% |
| Futu Holdings Limited (FUTU) | Equity | -71.18% | 37,421 | 0.00% | $102.35 | $96.64 | $3,830,039 | $3,616,365 | -$213,674 | -5.58% |
| Applovin Corp. (APP) | Equity | -8.78% | 2,096,154 | 0.25% | $264.97 | $469.71 | $555,417,925 | $984,584,495 | +$429,166,570 | +77.27% |
| Astera Labs Inc. (ALAB) | Equity | +100% | 676,586 | 0.02% | $59.67 | $417.07 | $40,371,887 | $282,183,723 | +$241,811,836 | +598.96% |
| Atlassian Corp. (TEAM) | Equity | -7.51% | 3,270,085 | 0.31% | $212.21 | $82.72 | $693,944,739 | $270,501,431 | -$423,443,308 | -61.02% |
| Beyond Meat Inc. (BYND) | Equity | +100% | 343,393 | 0.00% | $3.05 | $0.71 | $1,047,349 | $244,152 | -$803,197 | -76.69% |
| Intuitive Surgical Inc. (ISRG) | Equity | -28.25% | 698,067 | 0.15% | $495.27 | $406.78 | $345,731,643 | $283,959,694 | -$61,771,949 | -17.87% |
| CoreWeave Inc. (CRWV) | Equity | +100% | 14,402,999 | 0.24% | $37.08 | $117.95 | $534,063,202 | $1,698,833,732 | +$1,164,770,530 | +218.10% |
| Broadcom Inc. (AVGO) | Equity | +1.30% | 3,572,240 | 0.27% | $167.43 | $411.35 | $598,100,143 | $1,469,440,924 | +$871,340,781 | +145.68% |
| Coupang Inc. (CPNG) | Equity | +13.66% | 171,553 | 0.00% | $21.93 | $18.00 | $3,762,157 | $3,087,954 | -$674,203 | -17.92% |
| JD.com Inc. (JD) | Equity | -85.71% | 87,778 | 0.00% | $41.12 | $27.57 | $3,609,431 | $2,420,039 | -$1,189,392 | -32.95% |
| KE Holdings Inc. (BEKE) | Equity | -77.90% | 272,205 | 0.00% | $20.09 | $14.91 | $5,468,598 | $4,058,577 | -$1,410,021 | -25.78% |
| Cadence Design Systems Inc. (CDNS) | Equity | +21.11% | 970,777 | 0.11% | $254.33 | $387.39 | $246,897,716 | $376,069,302 | +$129,171,586 | +52.32% |
| Doordash Inc. (DASH) | Equity | -36.26% | 1,652,193 | 0.13% | $182.77 | $173.46 | $301,971,316 | $286,589,398 | -$15,381,918 | -5.09% |
| Carvana Co. (CVNA) | Equity | +100% | 535,333 | 0.05% | $209.08 | $66.56 | $111,927,424 | $35,631,764 | -$76,295,660 | -68.17% |
| Chargepoint Holdings Inc. (CHPT) | Equity | +100% | 3,081,752 | 0.00% | $0.61 | $8.31 | $1,864,460 | $25,609,359 | +$23,744,899 | +1273.55% |
| GE Vernova Inc. (GEV) | Equity | -2.71% | 3,759,960 | 0.51% | $305.28 | $1,109.73 | $1,147,840,588 | $4,172,540,411 | +$3,024,699,823 | +263.51% |
| Generac Holdings Inc. (GNRC) | Equity | +100% | 119,628 | 0.01% | $126.65 | $279.15 | $15,150,886 | $33,394,156 | +$18,243,270 | +120.41% |
| Hertz Global Holdings Inc. (HTZ) | Equity | +100% | 106,823 | 0.00% | $3.94 | $5.05 | $420,883 | $539,456 | +$118,573 | +28.17% |
| Hertz Global Holdings Inc. (HTZWW) | Warrant | +100% | 644,294 | N/A | $2.26 | N/A | $1,456,104 | N/A | N/A | N/A |
| Microsoft Corp. (MSFT) | Equity | -7.28% | 3,269,324 | 0.54% | $375.39 | $379.40 | $1,227,271,536 | $1,240,381,526 | +$13,109,990 | +1.07% |
| Eaton Corp. PLC (ETN) | Equity | +0.37% | 4,466,442 | 0.54% | $271.83 | $421.77 | $1,214,112,928 | $1,883,811,242 | +$669,698,314 | +55.16% |
| Mobileye Global Inc. (MBLY) | Equity | +100% | 226,558 | 0.00% | $14.39 | $8.46 | $3,261,302 | $1,916,681 | -$1,344,621 | -41.23% |
| KKR & Co. Inc. (KKR) | Equity | +31.42% | 3,498,217 | 0.18% | $115.61 | $97.01 | $404,428,869 | $339,362,031 | -$65,066,838 | -16.09% |
| Intuit Inc. (INTU) | Equity | +20.24% | 658,864 | 0.18% | $613.99 | $267.00 | $404,535,908 | $175,916,688 | -$228,619,220 | -56.51% |
| Meta Platforms Inc. (META) | Equity | +1.93% | 3,757,611 | 0.96% | $576.36 | $577.22 | $2,165,736,676 | $2,168,968,221 | +$3,231,545 | +0.15% |
| Lam Research Corp. (LRCX) | Equity | +102.89% | 8,209,569 | 0.26% | $72.70 | $389.04 | $596,835,667 | $3,193,850,724 | +$2,597,015,057 | +435.13% |
| Monolithic Power Systems Inc. (MPWR) | Equity | +100% | 193,432 | 0.05% | $579.98 | $1,563.70 | $112,186,692 | $302,469,618 | +$190,282,926 | +169.61% |
| Nu Holdings Ltd. (NU) | Equity | -30.06% | 55,791,997 | 0.25% | $10.24 | $12.71 | $571,310,049 | $709,116,282 | +$137,806,233 | +24.12% |
| Netflix Inc. (NFLX) | Equity | -11.04% | 618,735 | 0.26% | $932.53 | $77.38 | $576,988,950 | $47,877,714 | -$529,111,236 | -91.70% |
| Novavax Inc. (NVAX) | Equity | +100% | 3,836,986 | 0.01% | $6.41 | $9.13 | $24,595,080 | $35,031,682 | +$10,436,602 | +42.43% |
| Novocure Limited (NVCR) | Equity | 0% | 608,672 | 0.00% | $17.82 | N/A | $10,846,535 | N/A | N/A | N/A |
| Nvidia Corp. (NVDA) | Equity | -14.60% | 8,545,835 | 0.41% | $108.38 | $210.69 | $926,197,598 | $1,800,521,976 | +$874,324,378 | +94.40% |
| Olaplex Holdings Inc. (OLPX) | Equity | +100% | 1,264,968 | 0.00% | $1.27 | $2.05 | $1,606,509 | $2,593,184 | +$986,675 | +61.42% |
| Paypal Holdings Inc. (PYPL) | Equity | -34.34% | 5,237,984 | 0.15% | $65.25 | $42.51 | $341,778,456 | $222,666,700 | -$119,111,756 | -34.85% |
| Peloton Interactive Inc. (PTON) | Equity | +100% | 2,500,000 | 0.01% | $6.32 | $5.77 | $15,800,000 | $14,425,000 | -$1,375,000 | -8.70% |
| Philip Morris International Inc. (PM) | Equity | +100% | 1,555,900 | 0.11% | $158.73 | $178.40 | $246,968,007 | $277,572,560 | +$30,604,553 | +12.39% |
| Pinterest Inc. (PINS) | Equity | +100% | 1,678,764 | 0.02% | $31.00 | $20.27 | $52,041,684 | $34,028,546 | -$18,013,138 | -34.61% |
| Plug Power Inc. (PLUG) | Equity | +100% | 4,098,713 | 0.00% | $1.35 | $2.85 | $5,533,263 | $11,681,332 | +$6,148,069 | +111.11% |
| Qifu Technology Inc. (QFIN) | Equity | +74.10% | 79,124 | 0.00% | $44.91 | N/A | $3,553,459 | N/A | N/A | N/A |
| Quantumscape Corp. (QS) | Equity | +100% | 4,294,995 | 0.01% | $4.16 | $8.04 | $17,867,179 | $34,531,760 | +$16,664,581 | +93.27% |
| Reddit Inc. (RDDT) | Equity | -27.32% | 4,745,900 | 0.22% | $104.90 | $174.96 | $497,844,910 | $830,342,664 | +$332,497,754 | +66.79% |
| Ringcentral Inc. (RNG) | Equity | +100% | 411,351 | 0.00% | $24.76 | $35.02 | $10,185,051 | $14,405,512 | +$4,220,461 | +41.44% |
| Sea Limited (SE) | Equity | +2.70% | 696,609 | 0.04% | $130.49 | $91.28 | $90,900,508 | $63,586,470 | -$27,314,038 | -30.05% |
| Servicetitan Inc. (TTAN) | Equity | 0% | 631,258 | 0.03% | $95.11 | $64.23 | $60,038,948 | $40,545,701 | -$19,493,247 | -32.47% |
| Skyworks Solutions Inc. (SWKS) | Equity | +100% | 1,272,952 | 0.04% | $64.63 | $72.45 | $82,270,888 | $92,225,372 | +$9,954,484 | +12.10% |
| Solaredge Technologies Inc. (SEDG) | Equity | 0% | 43,500 | 0.00% | $16.18 | N/A | $703,830 | N/A | N/A | N/A |
| Spotify Technology S.A. (SPOT) | Equity | +21.58% | 1,541,982 | 0.38% | $550.03 | $468.08 | $848,136,360 | $721,770,935 | -$126,365,425 | -14.90% |
| Stitch Fix Inc. (SFIX) | Equity | +100% | 790,167 | 0.00% | $3.25 | $4.03 | $2,568,043 | $3,184,373 | +$616,330 | +24.00% |
| Super Micro Computer Inc. (SMCI) | Equity | 0% | 8,866,735 | 0.13% | $34.24 | $30.66 | $303,597,006 | $271,854,095 | -$31,742,911 | -10.46% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -20.10% | 7,960,037 | 0.59% | $166.00 | $462.12 | $1,321,366,142 | $3,678,492,298 | +$2,357,126,156 | +178.39% |
| Tempus Ai Inc. (TEM) | Equity | +100% | 935,562 | 0.02% | $48.24 | $91.72 | $45,131,511 | $85,812,553 | +$40,681,042 | +90.14% |
| Tesla Inc. (TSLA) | Equity | -24.49% | 1,639,969 | 0.19% | $259.16 | $400.49 | $425,014,366 | $656,791,185 | +$231,776,819 | +54.53% |
| Trip.Com Group Limited (TCOM) | Equity | +100% | 222,892 | 0.01% | $63.58 | $45.10 | $14,171,473 | $10,052,429 | -$4,119,044 | -29.07% |
| Uipath Inc. (PATH) | Equity | 0% | 2,436,400 | 0.01% | $10.30 | $10.27 | $25,094,920 | $25,021,828 | -$73,092 | -0.29% |
| Upstart Holdings Inc. (UPST) | Equity | +149.51% | 870,947 | 0.02% | $46.03 | $32.43 | $40,089,690 | $28,244,811 | -$11,844,879 | -29.55% |
| Zillow Group Inc. (ZG) | Equity | +51.57% | 482,271 | 0.01% | $66.86 | $32.49 | $32,244,639 | $15,668,985 | -$16,575,654 | -51.41% |
| Zillow Group Inc. (Z) | Equity | +100% | 739,700 | 0.02% | $68.56 | $32.11 | $50,713,832 | $23,751,767 | -$26,962,065 | -53.17% |