Coatue Slashes Nvidia Stake 87% to 6.33M Shares at $225

On May 20 2026, 13F filings revealed Coatue Management cut its Nvidia position for the 11th time in 12 quarters. The fund reduced holdings from 49.8 million shares in Q1 2023 to 6.33 million split-adjusted shares in Q1 2026 after selling more than 43 million shares. The 87% reduction follows Nvidia’s 700% rally and reflects profit-taking plus concerns over customer in-house chips and elevated valuations. With NVDA near $225 and a $5.3 trillion market cap, the sustained selling by Philippe Laffont may weigh on sentiment ahead of earnings despite Nvidia’s 71% gross margins and AI leadership.