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Billionaire Philippe Laffont Sells a Popular AI Stock and Buys the S&P 500's Worst Stock. Does He Know Something Wall Street Doesn't?
The Motley Fool·2025-09-13 15:30

Hedge fund manager Philippe Laffont recently trimmed his stake in Meta Platforms and bought stock in The Trade Desk.Billionaire Philippe Laffont is the founder and portfolio manager at Coatue Management, a hedge fund that nearly tripled the returns of the S&P 500 (^GSPC -0.05%) in the last three years. That makes him a good role model for individual investors.Laffont made some interesting trades during the second quarter. He sold 76,900 shares of Meta Platforms (META 0.70%), a popular artificial intelligenc ...