Philippe Laffont’s Coatue Management disclosed a new position in Lucid Group Inc. in a May 18, 2026, regulatory filing.
The fund significantly reduced exposure to other high-profile technology and electric vehicle stocks during the first quarter. Coatue cut its stake in Tesla by 96% during this period.
The disclosure suggests a strategic shift toward recovery or value-oriented bets in the electric vehicle sector. These filings reflect portfolio holdings as of the end of the first quarter.