Philippe Laffont's Coatue Buys Facebook, Pandora Media

Philippe Laffont's Coatue Managment cut its position in Apple Inc. (NASDAQ:AAPL) to 442k shares, down from 1.59 million shares.

The tiger cub has launched multiple long-only funds this year and has also been investing in tech startups. Coatue Long-Only Offshore Fund was launched in October with $18 million under management whereas Coatue Long-Only Partners was launched in May with $45 million.

Coatue adds to Baidu

The fund boosted its position in Baidu Inc (NASDAQ:BIDU), the Chinese search engine, in a major way. Coatue bought 1.95 million shares of Baidu Inc (NASDAQ:BIDU), a nearly 9x increase of the previous holding. Shares of Baidu are up 55% YTD.