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Pathikrit Bose

Coatue Management Bought 9.72 Million Shares of Hut 8 in Q2. How to Play HUT Stock Now.

HUT Hut 8 Coatue Management Bitcoin Anthropic Fluidstack IREN

When an investment management firm has big names like SpaceX (SPCX), Advanced Micro Devices (AMD), and Intel (INTC) in its portfolio, the other positions it adds to during a given quarter tend to slide into the background. Yet, these names may be as consequential for common investors, thus potentially adding a winner to the mix.

That could be the case with Hut 8 (HUT). Veteran hedge fund manager Phillippe Laffont's Coatue Management recently added almost 9.72 million shares of the company to its portfolio, as revealed by its latest filings. Let's take a closer look.

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