Coatue Management.
The book · Q4 2025
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | INDV | INDIVIOR PLC | 2.75M | $98.5T | 8.0% | NEW |
| 2 | RIO | RIO TINTO PLC | 999K | $79.9T | 6.5% | NEW |
| 3 | ATMU | ATMUS FILTRATION TECHNOLOGIE | 1.32M | $68.3T | 5.6% | NEW |
| 4 | TEVA | TEVA PHARMACEUTICAL INDS LTD | 2.16M | $67.4T | 5.5% | NEW |
| 5 | ECVT | ECOVYST INC | 5.45M | $53.0T | 4.3% | NEW |
| 6 | BDX | BECTON DICKINSON & CO | 247K | $48.0T | 3.9% | NEW |
| 7 | ENVA | ENOVA INTL INC | 287K | $45.0T | 3.7% | NEW |
| 8 | FLYW | FLYWIRE CORPORATION | 2.98M | $42.3T | 3.4% | NEW |
| 9 | MRP | MILLROSE PPTYS INC | 1.38M | $41.3T | 3.4% | NEW |
| 10 | PCG | PG&E CORP | 2.41M | $38.8T | 3.2% | NEW |
Where the money is
AC read
Coatue Management's latest 13F filing reveals an unexpectedly diverse portfolio that appears to deviate significantly from the firm's well-known technology focus. The fund's top ten holdings show a striking absence of traditional tech names, instead featuring a mix of healthcare, materials, and utility companies. Leading the portfolio is INDV at $98.5 trillion representing 8.0% of holdings, followed by mining giant RIO at $79.9 trillion (6.5%), and healthcare names ATMU and TEVA at $68.3 trillion and $67.4 trillion respectively. This composition suggests either a significant strategic shift or potentially reflects data anomalies in the reported figures, as the trillion-dollar position sizes far exceed reasonable market capitalizations for these companies.
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