Billionaire Investor Philippe Laffont Sold ASML and Piled Into a Growth Stock Up 6,250% Since Its IPO

There aren't too many investors better versed in technology than Phillipe Laffont. With a $6.5 billion net worth, according to Forbes, Laffont cut his teeth at the well-known hedge fund Tiger Management, the predecessor of Tiger Global Management, which focuses heavily on tech investing.In 1999, Laffont founded Coatue Management, a hedge fund and venture capital business that has invested in many successful tech start-ups including TikTok, Snap, and Spotify. The company's public equities portfolio was valued at roughly $26.9 billion at the end of the third quarter and held 81 stocks. Not long ago, Coatue completely sold its stake in ASML Holding (NASDAQ: ASML) and piled into a new growth stock that's risen 6,250% since its initial public offering in 2006.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool