Coatue Dumped Its Lucid Motors (LCID) Stock in Q4

Today is the deadline for institutional investors to file their quarterly Form 13F, meaning that retail investors will have an opportunity to track their positions as of Dec. 31. Philippe Laffont’s Coatue Management is a popular hedge fund to track. The fund has $23.84 billion in 13F assets under management (AUM) and had a total AUM of $47.87 billion as of May 2023. During the fourth quarter, Coatue dumped its entire 3.81 million share stake of Lucid (NASDAQ:LCID). This is a major change for Coatue, as it h ...