In a new SEC filing, Philippe Laffont's Coatue Management revealed a substantial $1.12 billion stake in Hut 8, a company specializing in energy infrastructure and bitcoin mining that is expanding into artificial intelligence data centers. This disclosure, which reflects holdings as of June 30, 2026, confirms a significant new position for the technology-focused hedge fund, amounting to 9.72 million shares and representing a 2.31% portfolio weight.
Investors should note that 13F filings are delayed, and this trade occurred at some point during the second quarter. The filing follows a public announcement in late June that Coatue would make a $150 million strategic investment in Hut 8 to support the growth of its AI infrastructure platform. At that time, Laffont commented on the importance of compute capacity for the AI ecosystem and his firm's belief in Hut 8's potential to meet that demand.