Coatue Management LLC sold 11,072,958 shares of CoreWeave Inc. This transaction reduced Coatue’s stake in the AI cloud provider by 62.2%. CoreWeave now ranks as the 16th largest holding in Coatue’s portfolio.
The sale occurs as CoreWeave faces scrutiny over high leverage used to fund expansion. The company projects capital expenditures between $30 billion and $35 billion for 2026.
Multiple securities-fraud lawsuits allege CoreWeave concealed operational issues and misrepresented demand. Significant insider selling has also occurred over recent months. These factors create a complex outlook regarding the company’s growth and profitability risks.