By Trevor Jennewine
Publication Date: 2025-11-16 08:30:00
Hedge fund superstar Philippe Laffont just made Meta Platforms his largest holding.
Billionaire Philippe Laffont runs Coatue Management, one of Wall Street’s most successful hedge funds. It beat the S&P 500 (^GSPC 0.05%) by 95 percentage points in the last three years, which makes Laffont a great source of inspiration for retail investors.
In the third quarter, he trimmed his position in Nvidia (NVDA +1.68%), selling 1.6 million shares. Laffont also added to his position in Meta Platforms (META 0.09%), purchasing 355,000 shares. CoreWeave had been his largest holding, but Meta now occupies the top spot and accounts for more than 7% of his portfolio, according to a recently filed Form 13F.
Here’s what investors should know.
Image source: Getty Images.
Nvidia: The stock Philippe Laffont sold in the third quarter
Nvidia is an accelerated computing company best known for its graphics processing units (GPUs), chips also called artificial intelligence (AI) accelerators because they expedite training and inference workflows. Nvidia has over 90% market share in data center GPUs, a market where spending is forecast to increase at 36% annually through 2033, according to Grand View Research.
Nvidia is well positioned to maintain its leadership not only because its chips generally outperform competing products but also because the company’s full-stack approach — meaning it complements its GPUs with adjacent hardware and software — often results in systems with the lowest total…
