Coatue Management
Coatue Rule of 200 Fintech Inverse Weighted Index


Index Performance




Based on Coatue Management's Rule of 200 Methodology and developed by Michael Gilroy, Chase Packard, and Leslie Wang from Coatue's FinTech Practice, the $COATFOUR Index tracks the performance of those mature fintech companies that score lowest in combined 12 Month retention, revenue growth, gross margin, and operating margin. $COATFOUR is a strength-weighted Index and overweights businesses with industry-lagging retention, gross margin, EBIT, & growth. This is an inverse index, as the value goes up as the performance of the components go down.

  • TickerCOATFOUR
  • Inception Date11/11/2022
  • WeightingCustom
  • # of holdings11
What's inside?


All holdings as of September 26, 2023
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Alkami Technology, Inc. (ALKT)14.14%$1.651B30.15%53.40%6.19x
Q2 Holdings, Inc. (QTWO)13.82%$1.853B10.14%44.38%3.45x
Toast, Inc. (TOST)12.26%$7.580B44.89%21.27%3.31x
Automatic Data Processing, Inc. (ADP)11.88%$97.736B8.48%48.88%5.14x
Remitly Global, Inc. (RELY)11.33%$4.371B48.82%55.02%4.00x
Lightspeed Commerce, Inc. (LSPD)10.60%N/A26.48%28.56%2.35x
Blend Labs, Inc. (BLND)9.19%$0.262B-34.67%54.87%1.35x
Dave, Inc. (DAVE)7.92%$0.066B33.69%49.11%0.28x
Affirm Holdings, Inc. (AFRM)5.90%$4.772B22.43%84.02%5.50x
Lemonade, Inc. (LMND)2.49%$0.793B152.46%N/A4.11x
Hippo Holdings, Inc. (HIPO)0.48%$0.210B66.20%N/A2.63x
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