Philippe Laffont's Coatue Management reduced its position in Meta Platforms (META) by 10.17% during the second quarter of 2026, according to a recent SEC filing. The firm sold an estimated $161.11 million worth of shares, bringing its total holding to 2.53 million shares valued at $1.42 billion as of June 30. This disclosure comes from a mandatory quarterly 13F filing, which is released with a delay and reflects trades made in the preceding quarter.
This adjustment to Coatue's Meta holdings occurred during a period of significant capital expenditure for the social media giant, particularly in its artificial intelligence infrastructure. While Coatue trimmed its position in Meta, the firm's broader Q2 strategy involved increasing investments in other areas of the technology sector, notably in semiconductor companies and AI-related infrastructure providers. The META position now constitutes 2.93% of Coatue's reported portfolio.