Coatue Management's Philippe Laffont bought into Instacart 's initial public offering last quarter, while maintaining his artificial intelligence plays as top holdings.
Laffont, one of the so-called Tiger Cubs who worked under the late Julian Robertson at Tiger Management, revealed a $305 million stake in Instacart, according to a new filing.
The grocery delivery company went public in September, and shares have dropped about 40% from their opening price of $42.
Other popular AI plays can also be found in Coatue's top holdings, including Amazon , Advanced Micro Devices , Microsoft and Alphabet.
Elsewhere, Coatue doubled its stake in Eaton Public , an American-Irish power management company, last quarter, according to the filing.
Persons:
Coatue Management's Philippe Laffont, Julian Robertson, Instacart, Coatue
Organizations:
Tiger Cubs, Tiger Management, Nvidia, Devices, Microsoft, Eaton Public
Locations:
Instacart, U.S, New York, Meta, American