Coatue scales its Micron stake roughly 16-fold strong (2026-W34)
Coatue's Q2 13F shows its Micron stake growing from 165,931 shares (Q1, filed May) to 2.78M shares — a roughly 16-fold increase, the largest proportional scale-up of any position in this week's filings. Altimeter opened a new $241.8M stake alongside it. Appaloosa moved the other way, trimming its MU position from 1.67M to 975K shares (-41%). The divergence between managers here is real: one fund made memory chips its highest-conviction add of the quarter, another cut by more than a third.