Tiger Cub hedge fund Coatue Management, led by Philippe Laffont, built a major new stake in Oracle worth more than $843m, while expanding positions in leading AI names during Q2, according to a report by CNBC citing the firm's latest 13F filing.
The move into Oracle follows the stock’s 56% surge last quarter, powered by growth in its cloud business supporting AI workloads. Coatue also boosted Nvidia by 34% and Microsoft by 20%, as investors piled into AI beneficiaries.
The hedge fund added a $749m stake in Arm Holdings and a $602m position in Marvell Technology, while increasing exposure to Broadcom and Lam Research.
At the same time, Coatue trimmed China tech exposure, slashing its Alibaba stake by 77%.
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