Philippe Laffont Exits CoreWeave, Boosts Netflix Stake

Billionaire hedge fund manager Philippe Laffont, founder of Coatue Management, made notable portfolio adjustments according to the latest Form 13F filings. The investor completely exited his position in AI infrastructure company CoreWeave while significantly increasing his stake in streaming giant Netflix.

During the fourth quarter, Coatue sold more than 6.7 million CoreWeave shares, worth over $920 million at the time. CoreWeave, backed by Nvidia, has benefited from the rapid growth of artificial intelligence infrastructure but continues to face profitability challenges. Despite strong revenue growth, the company reportedly recorded a net loss of over $1 billion in 2025, raising concerns about the sustainability of its capital-intensive business model.

At the same time, Laffont increased Coatue‘s Netflix holdings by about 76%, adding roughly 467,400 shares after the company’s 10-for-1 stock split. The move reflects confidence in Netflixs global scale, strong content ecosystem, and improving monetization strategies such as advertising tiers and password-sharing restrictions.

The contrasting moves highlight Laffonts strategy of balancing exposure to emerging technology trends while prioritizing companies with durable competitive advantages and clearer paths to profitability.