Coatue Posts Biggest Monthly Loss This Year Amid Tech-Stock Rout
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Philippe Laffont’s Coatue Management, one of the world’s largest stock-pickers, tumbled 3.6% in July as a rout in technology shares fueled its worst monthly loss this year.
Meta Platforms Inc., Amazon.com Inc. and Microsoft Corp. — the firm’s three biggest holdings as of the end of March — all fell more sharply last month than the tech-heavy Nasdaq 100, which slid 1.6%.