By Adam Spatacco
Publication Date: 2025-12-19 07:32:00
Hedge fund Coatue Management sold 14% of its Nvidia stake during the third quarter.
About halfway through every quarter, any institutional investment fund that manages more than $100 million is required to file a Form 13F with the Securities and Exchange Commission (SEC), documenting all the stocks that it bought and sold during the prior quarter.
One such firm that I monitor closely is Coatue Management, founded by Philippe Laffont. During the third quarter, Coatue reduced its position in Nvidia (NVDA +1.91%) by 14% — selling 1.6 million shares. At the same time, Laffont increased the fund’s stake in Alphabet (GOOGL +1.93%) (GOOG +1.83%) by 259% — acquiring 5.2 million shares.
Let’s explore what may have motivated these moves and assess if now would be a good time to follow Laffont’s lead.
Image source: Getty Images.
Is selling Nvidia stock right now a good idea?
When OpenAI released ChatGPT to the general public in November 2022, Nvidia’s market capitalization was roughly $345 billion. Today, the company is worth $4.3 trillion — making the chip designer the world’s most valuable company.
According to Coatue’s filings, the firm has held some exposure to Nvidia stock since 2016. Given Nvidia’s meteoric rise over the last few years, taking some gains from a winning long-term position off the table seems reasonable.
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