By Sean Williams
Publication Date: 2026-05-20 17:06:00
Although earnings season tends to hog all the glory, the quarterly filing of Form 13Fs with regulators can be equally important for investors. A 13F allows investors to track which stocks Wall Street’s smartest money managers bought and sold in the latest quarter.
For instance, Coatue Management’s billionaire asset manager, Philippe Laffont, was a busy bee during the first quarter. He sold out of 16 positions and pared down 22 others, none of which has a more impressive pedigree than the face of the artificial intelligence (AI) revolution, Nvidia (NVDA +1.86%). It marked the 11th time in the last 12 quarters that Laffont dumped Nvidia stock, begging the question: What does he know that the rest of Wall Street doesn’t?
Image source: Getty Images.
Billionaire Philippe Laffont has shed 87% of his fund’s stake in Nvidia
Despite Nvidia’s undisputed leadership position in AI graphics processing units (GPUs), Coatue Management’s chief investor has been a persistent seller of Nvidia for the better part of three years (share counts have been adjusted to reflect Nvidia’s 10-for-1 stock split in June 2024):
- Q1 2023: 49,802,020 shares held
- Q2 2023: 46,449,700 shares (-3,352,320)
- Q3 2023: 45,410,400 shares (-1,039,300)
- Q4 2023: 43,222,010 shares (-2,188,390)
- Q1 2024: 13,851,410 shares (-29,370,600)
- Q2 2024: 13,754,447 shares (-96,963)
- Q3 2024: 10,138,161 shares (-3,616,286)
- Q4 2024: 10,006,488 shares (-131,673)
- Q1 2025: 8,545,835 shares (-1,460,653)
- Q2 2025: 11,488,529 shares…
