In a recent SEC filing, Philippe Laffont's Coatue Management disclosed a new investment in Forgent Power Solutions (FPS), a manufacturer of electrical equipment for data centers and power grids. The filing, which reflects holdings as of June 30, 2026, revealed that Coatue acquired 20.50 million shares, valued at approximately $1.15 billion. This new position accounts for 2.35% of Coatue's reported portfolio.
It is important to remember that 13F filings are released with a delay, so this investment was made at some point during the second quarter of 2026. The move aligns with Coatue's publicly stated focus on the build-out of AI infrastructure, which includes the power and data center sectors that Forgent directly serves. Forgent itself recently completed its initial public offering in February 2026.