Coatue Adds ASML, Exits Chagee, Boosts Nubank Stake

Coatue adjusted several public-equity positions in its Q1 2026 13F filing published May 15, 2026, adding ASML and exiting Chagee while increasing its NuBank stake. The filing covers holdings as of March 31, 2026 and lists positions with specific values and share counts reported to the SEC within the standard 45-day disclosure window. This article summarizes the named trades and explains how to read the numbers in the filing. 13F filings provide the raw data behind these moves.

Why did Coatue add ASML in Q1 2026?

Coatue's 13F shows a new or expanded ASML exposure recorded as of March 31, 2026. ASML's market cap exceeded $300 billion in early May, making it a large-cap semiconductor-equipment name that aligns with AI-driven capital expenditures; the filing lists positions using share counts and fair-market values in thousands of dollars. Institutional managers often increase ASML exposure when orders for EUV lithography machines and backlog figures point to durable capital spending; ASML reported backlog metrics above 20 billion euros in recent quarters. The addition appears sized to represent a larger industry tilt, but the 13F alone does not detail options or off‑exchange exposure.

How big was the NuBank increase and what does it indicate?

Coatue's reported NuBank holding rose versus the prior quarter with the filing dated May 15 covering March 31 positions. The 13F format reports position value in whole dollars and share counts; readers can compare the current line item to the previous quarter to quantify the change in dollars or percentage points. NuBank (ticker NU) has shown volatile volume patterns, and a larger passive holding can indicate confidence in retail deposit growth and fee revenue trends; the filing shows the change as of one cut-off date rather than intra-quarter trading. For portfolio context and risk metrics, combine the position size with coatue's total reported long equity value on the same 13F to calculate concentration.

What prompted the Chagee exit in the filing?

The 13F lists Chagee as removed or at zero shares as of March 31, 2026, signaling a full exit for US-reportable long positions. Exits can follow corporate developments, regulatory changes, or realized gains; the filing date is a single-point snapshot and does not explain trade timing during the quarter. Investors should cross-check Chagee's press releases and trading volume around March for catalysts; public filings show whether the sell reduced exposure to a sector that underperformed. Note that 13Fs do not capture short sales or derivatives that could offset reported long exits.

What are the limits of using 13F data to interpret these trades?

13F filings are useful but constrained: they report only long U.S.-listed equities and ADRs, exclude options, and are filed within 45 days after quarter-end. The document therefore shows holdings as of one date — March 31, 2026 — not intra-quarter activity, and omits non‑reportable assets, such as private positions or foreign‑domiciled shares not reported on a 13F. Timing lag can be 45 days; for Q1 filings that means disclosure by mid‑May. Relying solely on a 13F can misstate a manager's real-time market stance unless combined with other sources like 13D filings, 8-Ks, and trade reporting. For more on interpreting concentration and turnover, see market positioning.

One limitation to consider

The 13F snapshot does not show derivatives, short positions, or intraday trades, so a reported increase in NuBank or a disclosed ASML buy could be offset elsewhere in the portfolio and should not be read as an absolute directional bet.

Q: Do 13F filings show exact dollar values and share counts?

Yes. A 13F lists each reported security with the number of shares held and the fair-market value in thousands of dollars. Filings therefore let readers calculate approximate dollar exposure by multiplying the reported value by 1,000 or using the share count against the security's price on the reporting date.

Q: When are 13F filings public and how quickly can investors act on them?

Institutional managers must file 13F within 45 days after quarter-end; for Q1 that deadline typically falls mid‑May. The filings become public on the SEC's EDGAR system at filing time, meaning the information is backward‑looking by at least one day and often by several weeks to months relative to actual trades.

Bottom Line

Coatue’s Q1 13F shows targeted reallocations across ASML, NuBank and Chagee as of March 31, 2026.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. CFD trading carries high risk of capital loss.