Billionaire Investor Philippe Laffont's Hedge Fund Sold Its Entire Stake in The Trade Desk and Increased Its Position in This Streaming Giant by 17x
The Motley Fool
by newsfeedback@fool.com (Bram Berkowitz)February 24, 2026
AI-Generated Deep Dive Summary
Billionaire investor Philippe Laffont, a prominent figure in the finance world and part of the influential Tiger Cubs group, made significant moves in his investment strategy during the fourth quarter. Known for his early investments in major tech companies, Laffont’s fund, Coatue Management, which manages nearly $40.8 billion in its equity portfolio, chose to completely exit its stake in The Trade Desk (NASDAQ: TTD). This decision was paired with a dramatic increase in holdings of a streaming giant, boosting their position by 17 times. These moves highlight Laffont’s shifting focus within the tech sector, reflecting broader trends and opportunities in the market.
Laffont gained his reputation as part of the Tiger Cubs, a group of former analysts from Julian Robertson’s Tiger Global Management, many of whom went on to launch successful hedge funds. His fund, Coatue Management, has long been associated with high-profile tech investments, making it a key player in the industry. The decision to sell out of The Trade Desk, a leader in programmatic advertising and digital media buying, suggests a reassessment of its potential in the current market environment.
The shift toward increasing investments in
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Originally published on The Motley Fool on 2/24/2026