Billionaire Philippe Laffont Just Dumped CoreWeave and Opened a Position in a Stock That Soared Nearly 50% in January.

2026-02-21 05:30:00 ET

Billionaire Philippe Laffont is known for investing in technology winners. The founder of Coatue Management oversees $39 billion in 13F securities, and tech stocks are consistently at the top of his investment list. His four biggest holdings are in this industry, led by Taiwan Semiconductor Manufacturing -- the chipmaker represents more than 6.5% of his portfolio.

That's why it may be surprising to learn that Laffont, in the fourth quarter of last year, sold his entire position in CoreWeave (NASDAQ: CRWV) , one of today's most talked-about artificial intelligence (AI) stocks. CoreWeave rents out capacity for AI workloads to customers, and this business has fueled triple-digit revenue growth and stock price gains.

During the same quarter, Laffont bought a biotech stock that has struggled in recent years but soared nearly 50% in January. So Laffont locked in gains on CoreWeave and set himself up to potentially win from a new growth bet. Let's check out the details.

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