In a notable portfolio shift, Philippe Laffont's Coatue Management fully exited its position in Chime Financial during the second quarter of 2026. According to regulatory filings, the technology-focused hedge fund sold its entire stake of over 10 million shares, valued at approximately $188.65 million. This disclosure, made in a delayed 13F filing, reflects trading activity completed by June 30, 2026.
The divestment came as Chime reported a strong second quarter, with revenue growing 27% year-over-year and achieving its second consecutive quarter of GAAP profitability. The sale was part of a broader strategy at Coatue to rotate capital away from mature fintech and payments companies and into artificial intelligence and power infrastructure firms.