Philippe Laffont, a billionaire, is the founder and CEO of Coatue Management, a hedge fund based in New York. The fund, which was founded in 1999, now manages over $18 billion in assets. In the last decade, it has averaged an annual return of above 10%. Some of the top assets in Coatue’s Q1 portfolio are Snowflake Inc. and Tesla. The Walt Disney Company is an unexpected addition to the fund’s tech-focused portfolio. Tesla, Inc., the electric vehicle maker that went on a historic rally until 2020, with share prices jumping 700 percent before taking a respite towards the end of April, is on almost every growth stock list on Wall Street. In the first three months of 2021, Coatue Management reduced its interest in the fund by over a quarter compared to the fourth quarter of 2020.
Here is Insider Monkey’s list of the 10 best growth stocks to buy right now. PayPal Holdings, Inc. is a firm that specializes in online payments. In the last year, the stock has returned more than 89 percent to investors. PayPal Holdings, Jr. is owned by Coatue Management, which owns about 3 million shares worth $713 million. Sea Limited is the ninth-best growth company to purchase right now, according to the list of ten top growth companies to buy right now. In the last year, the technology company has returned more than 164 percent to investors. It accounts for 3.92 percent of Coatue Management’s $715 million investment portfolio. Uber Technologies, Inc. is a technology firm with interests in the ride-hailing and food-delivery industries. Over the past year, the company’s stock has provided investors with returns of more than 53 percent. In the selection of the ten best growth stocks to purchase right now, it ranks eighth. One of the best growth stocks to buy right now is Amazon.com, Inc. Over the last few months, the company’s stock has returned more than 31% to investors. It had a market capitalization of over $1.7 trillion and revenue of over $386 billion last year. Square, Inc., a payments company, is one of the greatest growth companies to buy right now. Over the last year, the stock has returned more than 141 percent to investors. Square is owned by Coatue Management, which has over 3.8 million shares worth over $880 million. For more details, click 10 Best Growth Stocks to Buy Right Now.