NKLA - Coatue Management buys Best Buy exits Boeing; Tesla stakes increased Sorrento stakes slashed
In its recent 13F filing, Coatue Management reported a significant growth in total fund portfolio value to $19.05B from $11.37B in the earlier quarter.Notable buys: Best Buy (BBY), Expedia (EXPE), American Eagle Outfitters (AEO), L Brands (LB) and Gap (GPS).Q3 portfolio activity included numerous exits, , few to mention: Boeing (BA), Howmet Aerospace (HWM), Stitch Fix (SFIX) and Bed Bath & Beyond (BBBY).Stakes were significantly increased in Tesla Motors (TSLA), Uber Technologies (UBER), Nikola (NKLA), TJX Companies (TJX) and Under Armour (UAA).Trimmed stakes: Sorrento Therapeutics (SRNE), Guardant Health (GH), DexCom (DXCM) and Okta (OKTA).
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Coatue Management buys Best Buy, exits Boeing; Tesla stakes increased, Sorrento stakes slashed