coatue managements philippe laffont significantly hiked his bets on big tech in the first quarter while doubling down on a slew of chipmakers according to a new regulatory filing laffont one of the socalled tiger cubs who previously worked under the late julian robertson at tiger management revealed in a filing on tuesday that coatue management more than doubled its stake in meta  netflix  microsoft and alphabet last quarter meta became coatues biggest holding at the end of march with a stake worth 17 billion the filing showed the facebook parent has been one of the biggest winners in the tech sector this year rising nearly 100 investors have been focused on its artificial intelligence potential and metas costcutting story chip giant nvidia was coatues secondbiggest holding at the end of march after the hedge fund raised the stake slightly nvidia viewed by many as the biggest ai enabler is up 97 year to date the new yorkbased fund also upped its amd stake dramatically last quarter making it its seventhlargest holding the hedge fund also picked up taiwan semiconductor  building a new stake worth more than 500 million the semiconductor sector enjoyed its best quarter since 2020 in q1 as investors rotated back into the beatendown industry the ishares semiconductor etf has gained about 20 this year amid the ai craze on wall street the fund also owned sizeable stakes in lam research  applied materials and nxp semiconductors 