COATUE MANAGEMENT LLC

COATUE MANAGEMENT LLC declares $42.7B in 28 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 87.8% of its $48.6B 13F portfolio. Largest positions: TSMC (0.17% of the company) and Lam Research (0.76% of the company). Over time: $42.7B in 28 of these companies for Q2 2026, against $3.8B in 28 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $8.0B and sold $2.1B of these stocks, at the quarter's prices: a net purchase of $5.9B; 5 new positions.

Performance of its AI picks

The AI-stock portfolio COATUE MANAGEMENT LLC declared for Q2 2026 (Form 13F), held unchanged, returned -8.1% in Q3 2026 (SMH -7.1%), ranked 1616 of 1,785 active managers. Over the last 12 months, quarter after quarter: +24.5% (SMH +87.2%), ranked 956 of 1,360 active managers. Over three years, quarter after quarter: +205.4% (SMH +325.8%), ranked 92 of 784 active managers. Over five years, quarter after quarter: +214.2% (SMH +389.8%), ranked 67 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. TSMC (TSM): $4.3B, 8.9M shares, 0.17% of the company, 8.8% of its portfolio (trimmed this quarter); held since Q1 2023
2. Lam Research (LRCX): $4.1B, 9.4M shares, 0.76% of the company, 8.4% of its portfolio (trimmed this quarter); held since Q3 2022
3. Micron (MU): $3.6B, 3.1M shares, 0.28% of the company, 7.5% of its portfolio (added this quarter); held since Q1 2026
4. SpaceX (SPCX): $3.2B, 18.6M shares, 0.07% of the company, 6.5% of its portfolio
5. Applied Materials (AMAT): $3.0B, 4.2M shares, 0.53% of the company, 6.3% of its portfolio (trimmed this quarter); held since Q3 2025
6. GE Vernova (GEV): $3.0B, 2.6M shares, 0.97% of the company, 6.2% of its portfolio (trimmed this quarter); held since Q2 2024
7. Amazon (AMZN): $2.8B, 11.8M shares, 0.11% of the company, 5.8% of its portfolio (added this quarter); held since Q4 2019 or earlier
8. Broadcom (AVGO): $2.2B, 5.8M shares, 0.12% of the company, 4.5% of its portfolio (added this quarter); held since Q1 2024
9. Eaton (ETN): $2.1B, 5.0M shares, 1.3% of the company, 4.4% of its portfolio (added this quarter); held since Q2 2023
10. Alphabet (GOOGL): $2.1B, 5.8M shares, 0.05% of the company, 4.2% of its portfolio (added this quarter); held since Q4 2022
11. Intel (INTC): $1.7B, 12.1M shares, 0.23% of the company, 3.5% of its portfolio (new position this quarter)
12. Cerebras Systems (CBRS): $1.5B, 7.0M shares, 2.9% of the company, 3.2% of its portfolio
13. Meta Platforms (META): $1.4B, 2.5M shares, 0.10% of the company, 2.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
14. Equinix (EQIX): $1.3B, 1.3M shares, 1.3% of the company, 2.7% of its portfolio (added this quarter); held since Q1 2026
15. NVIDIA (NVDA): $1.2B, 6.1M shares, 0.03% of the company, 2.5% of its portfolio (trimmed this quarter); held since Q2 2021

By sector

• Chips & compute: $11.2B, 26% of its AI holdings, 7 companies
• Cloud & AI giants: $10.6B, 25% of its AI holdings, 5 companies
• Equipment & test: $7.7B, 18% of its AI holdings, 3 companies
• Power, electrical & cooling: $6.9B, 16% of its AI holdings, 8 companies
• Memory & storage: $3.6B, 8% of its AI holdings, 1 company
• Neoclouds & data centers: $2.4B, 6% of its AI holdings, 2 companies
• AI software: $162.9M, 0% of its AI holdings, 2 companies

Biggest changes this quarter

• added to Micron (MU): +$3.4B at the quarter's price
• opened a position in Intel (INTC): +$1.7B at the quarter's price
• opened a position in Hut 8 (HUT): +$1.1B at the quarter's price
• added to Amazon (AMZN): +$930.5M at the quarter's price
• trimmed Applied Materials (AMAT): -$748.1M at the quarter's price
• trimmed ASML (ASML): -$399.5M at the quarter's price
• trimmed Lam Research (LRCX): -$260.8M at the quarter's price
• trimmed Synopsys (SNPS): -$198.2M at the quarter's price
• added to Equinix (EQIX): +$190.4M at the quarter's price
• trimmed TSMC (TSM): -$176.0M at the quarter's price

Schedule 13D/G declarations

• Cerebras Systems (CBRS): 13G filed Aug 14, 2026: 7.0M shares as of Jun 30, 2026, 7.1% as declared

Other holders of this size

• Dodge & Cox: $42.6B in 32 of these companies
• Susquehanna: $46.3B in 221 of these companies
• Assenagon Asset Management S.A.: $40.9B in 152 of these companies
• Clearbridge Investments, LLC: $46.7B in 99 of these companies
• Allianz Asset Management GmbH: $40.7B in 161 of these companies
• VY Capital Management Co. Ltd.: $46.9B in 2 of these companies
• MANUFACTURERS LIFE INSURANCE COMPANY, THE: $40.3B in 209 of these companies
• Russell Investments Group, Ltd.: $48.5B in 221 of these companies

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