Philippe Laffont's Coatue Management significantly increased its investment in Micron Technology (MU) during the second quarter of 2026, boosting its share count by nearly 1800% from 165,930 to 3.14 million. This raises the value of Coatue's holding to $3.63 billion, making Micron the fund's third-largest position with a 7.46% portfolio weight. The move was part of a broader strategy by the technology-focused hedge fund to deepen its investments in the artificial intelligence supply chain, which also included new and expanded positions in other semiconductor and infrastructure companies.
This trade information is based on Coatue's quarterly 13F filing, which discloses positions held as of June 30, 2026. These filings are backward-looking and do not represent a fund's current holdings. The filing indicates a strong conviction in the semiconductor sector from a prominent tech investor, with Coatue's top five holdings all being part of the AI supply chain, including Taiwan Semiconductor, Lam Research, and Applied Materials.