Coatue Management’s Philippe Laffont sharply increased his bets on big tech companies in the first quarter, while doubling down on a number of chipmakers, according to a new regulatory filing. Laffont, one of the so-called Tiger Cubs who worked under the late Julian Robertson at Tiger Management, revealed in a filing Tuesday that Coatue Management increased its stakes in Meta , Netflix , Microsoft and Alphabet last quarter. more than double. Meta became Coatue’s largest holding company at the end of March, with a stake worth $1.7 billion, documents show. The Facebook parent company has been one of the biggest winners in the tech sector this year, with shares up nearly 100%. Investors have been focused on its artificial intelligence potential and the company’s cost-cutting story. Chip giant Nvidia was Coatue’s second-largest stake at the end of March, after the hedge fund increased its stake slightly. Nvidia, seen by many as the biggest AI mover, is up 97% year-to-date. The New York-based fund also significantly increased its stake in AMD last quarter, making it the seventh-largest holding. The hedge fund also bought TSMC, adding a new stake worth more than $500 million. The semiconductor industry had its best quarter since 2020 in the first quarter, as investors turned back to the battered sector. Amid Wall Street’s AI boom, the iShares Semiconductor ETF is up about 20% this year. The fund also holds significant stakes in Lam Research, Applied Materials and NXP Semiconductors.