Billionaire Investor Philippe Laffont's Hedge Fund Sold Its Entire Stake in The Trade Desk and Increased Its Position in This Streaming Giant by 17x
Source: Motley Fool
2026-02-24 13:24:00 ET
Philippe Laffont is not only a billionaire but also a member of an elite group of investors known as the Tiger Cubs. All members of this group worked as analysts for Julian Robertson's Tiger Global Management in the 1990s. Many would go on to launch their own funds, some backed by Robertson, and most largely concentrated in the tech sector.
Laffont's Fund, Coatue Management, had nearly $40.8 billion in its equity fund. During the fourth quarter, Coatue completely exited its stake in The Trade Desk (NASDAQ: TTD) and increased its position in a prominent streaming stock by 17-fold.
Image source: Getty Images.
The Trade Desk Inc.
NASDAQ: TTD
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