Billionaire Philippe Laffont Shifts AMD Stake to High-Performance ETF

Philippe Laffont, the billionaire behind Coatue Management, made a striking MOVE in the second quarter by slashing his fund's position in Advanced Micro Devices (AMD) by 53%. The sale coincided with a pivot toward an undisclosed ETF that has delivered staggering returns—nearly 165,000,000% over 15 years. The trade was disclosed in a recent 13F filing, a mandatory quarterly report for institutional investors.

Laffont's portfolio adjustments reflect broader trends among Wall Street's elite. While AMD remains a key player in the AI sector, the shift suggests a strategic reallocation into diversified or thematic exposure. The ETF's astronomical gains—though an outlier—highlight the potential for exponential growth in certain market segments.

13F filings offer a rare window into the maneuvers of top-tier fund managers. Coatue's activity this quarter included 13 new positions, 19 additions, and 19 reductions—a flurry of adjustments signaling responsiveness to evolving market dynamics. The AMD trade, however, stands out for its magnitude and implied confidence in alternative assets.